Calculators LIC plans Nav Jeevan Shree Review
LIC Nav Jeevan Shree (Plan 912) is a participating, limited-pay endowment introduced in the 2024+ wave — LIC's attempt to make endowment more attractive to time-pressed earners by collapsing the premium-paying window. PPT options of 5, 7, or 10 years against a longer policy term (typically 15–25 years) mean you finish paying early but keep the bonus accruing through the deferral. Bonus rates inherit the standard LIC participating fund SRB and FAB; the 2025 valuation rates apply.
A 35–45 year old in peak earning years who wants to compress the premium-paying discipline into a 5–10 year window and let the corpus compound for another decade or two. Particularly suited to bonuses-heavy compensation (banking, consulting, sales) where annual cashflow is high but uncertain in later years. The structure also suits a parent who wants to align the maturity with a child's late-college or early-career milestone without committing to 25 years of recurring premium.
Anyone whose dominant need is life cover — the limited-pay structure means death-benefit coverage during the deferral period is structurally weaker than full-pay endowments. Anyone who could deploy the same lump-equivalent into ELSS or NPS tier-I for the same §80C benefit at a higher expected return. Anyone whose income volatility makes even a 5-year commitment risky — lapsing in years 1–2 forfeits 100% of premium.
Future SRB and FAB declarations may compress (the March 2025 valuation already shows movement). The newer 2024+ plans have shorter post-launch bonus history, so confidence in the projected bonus rate is lower than for the long-running Plan 736. The high concentration of premium in 5–10 years amplifies the impact of any single year's lapse. Verify the published tariff table before signing — the calculator on this page is not yet authoritative for Plan 912.
Our headline XIRR uses the middle premium-paying term (15 years against a 21-year policy term), excludes optional rider premiums from the cash-flow base, and assumes the latest declared simple reversionary bonus rate holds for the full term. Try other PPTs and bonus assumptions on the Nav Jeevan Shree calculator.
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