LIC Nav Jeevan Shree 911 is a single-premium, non-par savings plan that LIC withdrew for new sales in FY 2026-27; existing policies continue as normal. You pay once, and LIC adds a guaranteed ₹85 per ₹1,000 basic sum assured every policy year. Maturity is the sum assured plus all additions. By our calculator, a 30-year-old choosing ₹5 lakh cover for 15 years pays about ₹4,56,275 once and receives ₹11,37,500 at maturity, roughly 6.3% a year. New buyers can look at Nav Jeevan Shree 912 or Single Premium Endowment 717.
Nav Jeevan Shree 911 Single Premium & Maturity Calculator
Your estimate
guaranteed
- Guaranteed additions₹85 per ₹1,000 a year
- ₹6,37,500
- High sum assured rebate
- ₹34,000
- Sum assured on deathplus GA accrued till death
- ₹6,12,844
- Approx. return (IRR)
- 6.28%
- Age at maturity
- 45 years
- Single premium₹4,56,27540%
- Net gain₹6,81,22560%
Year-wise guaranteed additions and death benefit
| Year | Age | Total GA so far | Death benefit |
|---|---|---|---|
| 1 | 31 years | ₹42,500 | ₹6,55,344 |
| 2 | 32 years | ₹85,000 | ₹6,97,844 |
| 3 | 33 years | ₹1,27,500 | ₹7,40,344 |
| 4 | 34 years | ₹1,70,000 | ₹7,82,844 |
| 5 | 35 years | ₹2,12,500 | ₹8,25,344 |
| 6 | 36 years | ₹2,55,000 | ₹8,67,844 |
| 7 | 37 years | ₹2,97,500 | ₹9,10,344 |
| 8 | 38 years | ₹3,40,000 | ₹9,52,844 |
| 9 | 39 years | ₹3,82,500 | ₹9,95,344 |
| 10 | 40 years | ₹4,25,000 | ₹10,37,844 |
| 11 | 41 years | ₹4,67,500 | ₹10,80,344 |
| 12 | 42 years | ₹5,10,000 | ₹11,22,844 |
| 13 | 43 years | ₹5,52,500 | ₹11,65,344 |
| 14 | 44 years | ₹5,95,000 | ₹12,07,844 |
| 15 | 45 years | ₹6,37,500 | ₹12,50,344 |
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Nav Jeevan Shree Single Premium Plan 911?
LIC Nav Jeevan Shree – Single Premium (Plan 911) is a non-participating, non-linked savings plan launched in 2025. You pay one premium at the start, and LIC credits a guaranteed addition of ₹85 per ₹1,000 basic sum assured at the end of every policy year. At maturity you receive the basic sum assured plus all those additions. The amount is fixed on day one and does not depend on bonuses or markets.
Status: LIC withdrew plan 911 for new sales in FY 2026-27. Existing policies continue as normal, and this calculator is still useful for checking them. New buyers can look at Nav Jeevan Shree 912 or Single Premium Endowment 717.
Plan 911 was the lump-sum twin of Nav Jeevan Shree 912, which is still on sale and spreads premiums over 6 to 15 years.
Nav Jeevan Shree 911 at a glance
| Feature | Details |
|---|---|
| Plan number | 911 |
| Plan type | Non-par, non-linked, single premium savings plan |
| Premium | One single premium |
| Policy term | Up to 20 years (rate table covers 5–20) |
| Entry age | 30 days to 60 years (Option I); up to 40 years (Option II) |
| Maximum maturity age | 75 (Option I); 60 (Option II) |
| Minimum basic sum assured | ₹1,00,000 |
| Guaranteed addition | ₹85 per ₹1,000 basic sum assured, every year |
| High sum assured rebate | From ₹2 lakh upwards, larger for bigger covers |
| Status | Withdrawn for new sales (FY 2026-27); existing policies continue |
Our rate table runs from a 5-year to a 20-year term. Some summaries quote 10–20 years, so check the term shown in your policy document.
Death benefit options
You choose one option at the start:
| Option | Sum assured on death | Entry age | Maturity age |
|---|---|---|---|
| Option I | Higher of 1.25 × tabular single premium or basic sum assured | 30 days – 60 years | Up to 75 |
| Option II | 10 × tabular single premium | 30 days – 40 years | Up to 60 |
In both cases the nominee also receives the guaranteed additions accrued till death.
How the single premium is calculated
LIC publishes a single-premium rate for every ₹1,000 of basic sum assured. The rate depends on age, term and option. It falls sharply as the term gets longer, because the additions have more years to build up. Our calculator interpolates between the published 5, 10, 15 and 20-year columns, then subtracts the high sum assured rebate (for example ₹68 per ₹1,000 at ₹5 lakh on a 15-year Option I policy).
Worked example (calculator output): age 30, Option I, ₹5 lakh sum assured, 15-year term.
- Single premium: ₹4,56,275 (after a ₹34,000 rebate)
- Guaranteed additions: ₹42,500 a year × 15 = ₹6,37,500
- Maturity at 45: ₹11,37,500
- Approximate return: 6.28% a year
- Sum assured on death: ₹6,12,844 plus accrued additions
Other runs for ₹10 lakh cover at age 30:
| Term / option | Single premium | Maturity | Approx. return |
|---|---|---|---|
| 10 years, Option I | ₹10,08,450 | ₹18,50,000 | 6.26% |
| 20 years, Option I | ₹7,89,900 | ₹27,00,000 | 6.34% |
| 20 years, Option II | ₹9,45,950 | ₹27,00,000 | 5.38% |
Option II costs more for the same maturity because it carries life cover of about ₹1.02 crore instead of about ₹10.9 lakh.
Tip: the rebate grows with the sum assured. At ₹15 lakh and above you get the best slab, so one larger policy can be cheaper per rupee than two small ones.
There is no GST to add. Life insurance premiums for individuals have been GST-exempt since 22 September 2025.
Maturity benefit
On survival to the end of the term, you receive basic sum assured + all guaranteed additions in one payment, or in instalments over 5, 10 or 15 years if you choose the settlement option. The year-wise table in the calculator shows how the additions accumulate.
Surrender and loan
Because the full premium is paid up front, the policy has a surrender value from early on. LIC pays the higher of the guaranteed and special surrender value. You can also borrow against it. In the first few years the surrender value is usually below what you paid, so treat plan 911 as money parked for the full term. Our surrender value calculator gives a rough idea for traditional policies.
Tax treatment
- Section 123 of the Income-tax Act, 2025 (earlier Section 80C): the single premium qualifies (old regime), but the deduction is limited to 10% of the sum assured.
- Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)): maturity is exempt only if the premium does not exceed 10% of the sum assured. Option II (10× premium) is built to satisfy this; Option I usually is not, so the gain may be taxed as income.
- For policies issued from 1 April 2023, exemption also requires total premiums on non-ULIP policies to stay within ₹5 lakh a year.
Speak to a tax adviser if the tax-free status matters to you.
Who was plan 911 suited to?
- People with a lump sum (bonus, gift, maturity from another policy) who want a guaranteed figure at a fixed date.
- Parents or grandparents buying for a child, as entry starts at 30 days.
- Conservative savers who compare it with long-term bank deposits and value the life cover.
It is less suited to anyone who may need the money back within a few years, or who wants large life cover at low cost; a term plan does that job better.
As plan 911 is no longer sold, new buyers with a lump sum can look at Single Premium Endowment 717, or at Nav Jeevan Shree 912 if they can pay over 6–15 years.
Nav Jeevan Shree 911 vs 912 and other single-premium plans
- 912 gives the same kind of additions but spreads the premium over 6–15 years, and it is still on sale.
- Single Premium Endowment 717 is a with-profit plan whose returns depend on bonuses, not fixed additions.
- Dhan Vriddhi 869 was an earlier guaranteed single-premium plan with fixed terms.
911 suited buyers whose priority was a guaranteed, known maturity figure; with 911 withdrawn, 912 is the closest current LIC option for that.
How to use this calculator
- Choose Option I or II.
- Enter age and choose the term; the calculator checks the maturity age limit.
- Enter the basic sum assured.
- Read the single premium, maturity, return and death cover, then scan the yearly table. Figures are estimates for guidance; your policy document and LIC’s own figures are final.
Frequently asked questions
How much return does LIC Nav Jeevan Shree 911 give?
Our calculator shows about 6.2% to 6.4% a year under Option I for most terms, for example ₹4,56,275 growing to ₹11,37,500 over 15 years on ₹5 lakh cover. Option II buys much larger life cover, so the yield drops to around 5.4% for a 20-year term.
What is the guaranteed addition in Nav Jeevan Shree single premium?
LIC credits ₹85 for every ₹1,000 of basic sum assured at the end of each policy year. On ₹5 lakh cover that is ₹42,500 a year. The additions are guaranteed and paid with the sum assured at maturity, or with the death benefit.
What is the difference between Option I and Option II in plan 911?
Under Option I the sum assured on death is the higher of 1.25 times the tabular single premium or the basic sum assured. Under Option II it is 10 times the tabular single premium, which gives far more cover but a slightly higher premium, entry only up to 40 and maturity by age 60.
Can I pay Nav Jeevan Shree 911 premium yearly?
No. Plan 911 accepts only one single premium at the start. If you want to pay over several years, look at Nav Jeevan Shree 912, which allows premium paying terms of 6, 8, 10, 12 or 15 years with the same guaranteed-addition idea.
Is there GST on the single premium?
No. Individual life insurance premiums are GST-exempt from 22 September 2025, so the single premium in the calculator is the full amount. Before that date, single-premium traditional plans carried 4.5% GST, which is why older quotes look higher.
Is the maturity of plan 911 tax-free?
It depends on the option. Schedule II (earlier Section 10(10D)) needs the premium to be within 10% of the sum assured. Option II (10× premium) meets that test; Option I usually does not, so its gain may be taxable. Policies issued after April 2023 also face a ₹5 lakh yearly premium cap for exemption.
Can I surrender or take a loan on Nav Jeevan Shree 911?
Yes. The policy can be surrendered, and LIC pays the higher of the guaranteed and special surrender value. A loan is also available against the surrender value. Exiting early returns much less than maturity, so think carefully before surrendering.
Is LIC Nav Jeevan Shree 911 still available?
No. LIC withdrew plan 911 for new sales in FY 2026-27, and it is on LIC's list of withdrawn plans. Existing policies continue as normal, with the same guaranteed additions, maturity, surrender and loan terms. New buyers can look at Nav Jeevan Shree 912 (premiums over 6 to 15 years) or Single Premium Endowment 717 for a one-time premium.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.