LIC Nivesh Plus Plan 749 Calculator: Single Premium ULIP Fund Value, Returns & Benefits

What is LIC Nivesh Plus Plan 749?

LIC Nivesh Plus 749 is a unit-linked, non-participating, single premium life insurance plan. You pay one lump sum. After a small allocation charge, the money buys units in a fund of your choice, and the value of those units rises or falls with the market. On top of that, the policy gives life cover for the whole term.

LIC launched Plan 749 on 14 October 2024. It replaced Nivesh Plus 849, which had been on sale since 2020. The idea behind the product is unchanged: a one-time investment, two levels of life cover, four funds and guaranteed additions from year 6.

Because this is a ULIP, nothing about the maturity value is guaranteed except the additions LIC credits. The calculator above therefore works like an illustration. You choose a gross return, and it shows what the fund could be worth after charges.

Nivesh Plus 749 at a glance

Feature	Details
Plan number	749
Plan type	Single premium, unit-linked, non-participating
Launched	14 October 2024 (replaces Plan 849)
Premium	One-time, minimum ₹1,25,000 (in multiples of ₹5,000), no maximum
Sum assured	Option 1: 1.25 × premium · Option 2: 10 × premium
Policy term	10 to 25 years (Option 2: depends on entry age)
Funds	Bond, Secured, Balanced, Growth
Guaranteed additions	3%, 4%, 5%, 6%, 7% of premium at end of years 6, 10, 15, 20, 25
Lock-in	5 years
Rider	Linked Accidental Death Benefit Rider (optional)

Eligibility

Condition	Option 1 (1.25×)	Option 2 (10×)
Minimum entry age	90 days	90 days
Maximum entry age	70 years	35 years
Maximum maturity age	85 years	50 years
Minimum maturity age	18 years	18 years
Policy term	10 to 25 years	Entry up to 25: 10–25 years · 26–30: 10–20 years · 31–35: 10 years only

For a child, the policy can be taken by a parent, and partial withdrawals are possible only after the child turns 18.

How the calculator estimates your fund value

The Nivesh Plus 749 calculator follows the charges and method in LIC’s published sales brochure and reproduces the brochure’s sample benefit illustration. For a 30-year-old investing ₹1,25,000 through an agent for 20 years under Option 1, the brochure shows a maturity value of ₹2,28,559 at 4% and ₹4,65,044 at 8%, and the calculator gives the same figures. The steps are:

1. Allocation charge: 3.3% of the premium for agent sales and 1.5% for online purchase is deducted once. The rest buys units. There is no policy administration charge.
2. Mortality charge: each month a charge is taken on the sum at risk, the gap between the basic sum assured and the fund value, but only while the sum assured is higher. LIC’s table sets the yearly rate per ₹1,000 of sum at risk, for example ₹1.26 at age 25, ₹1.62 at 35, ₹3.48 at 45 and ₹5.99 at 50. This charge is not refunded. Under Option 1 the gap closes within a few years, so the charge soon drops to zero.
3. Fund growth: units grow at the gross return you enter.
4. Fund management charge: 1.35% a year on all four funds (Bond, Secured, Balanced, Growth).
5. Guaranteed additions: credited at the end of years 6, 10, 15, 20 and 25.

Worked example. A 30-year-old invests ₹5,00,000 through an agent, picks Option 1 and a 15-year term. At an 8% gross return, the fund is estimated at ₹13,32,066 at maturity, a net yield of about 6.75% a year. That includes ₹60,000 of guaranteed additions. At a 4% return, the same policy ends near ₹7,77,234 (2.98% a year). Buying online at 8% lifts the estimate to ₹13,55,537 because the allocation charge is lower.

There is no GST line in the calculator. Individual life insurance premiums, ULIPs included, are exempt from GST from 22 September 2025. Before that date, GST applied to the charges deducted inside a ULIP.

Tip: always run two scenarios, 4% and 8%. If you are comfortable only with the higher number, the plan is probably not right for your risk level.

Maturity benefit

At the end of the term, LIC pays the fund value as a lump sum: units × NAV on that date. The guaranteed additions are already inside it. The settlement option in this plan (instalments over up to five years) applies to the death benefit, not to maturity.

Death benefit

If the life assured dies during the term, the nominee receives the higher of:

• the basic sum assured, reduced by partial withdrawals in the previous two years, or
• the fund value.

The nominee can receive it as a lump sum or, if the settlement option was chosen, in instalments over up to five years.

With Option 2, a ₹1,25,000 premium buys ₹12.5 lakh of cover. That is why younger buyers who also want protection look at Option 2.

Option 1 vs Option 2: what the numbers show

Higher cover has a cost. We ran the same investment through the calculator: a 30-year-old invests ₹1,25,000 through an agent for 20 years at 8%.

	Option 1 (1.25×)	Option 2 (10×)
Sum assured	₹1,56,250	₹12,50,000
Estimated maturity value	₹4,65,044	₹3,74,441
Net yield	6.79%	5.64%

The difference of about ₹90,000 is the price of ₹12.5 lakh of life cover for 20 years. A separate term plan can often give that cover for less, so compare before you choose.

Other features

• Fund switching: four free switches a year; later switches cost ₹100 each.
• Partial withdrawal: after the 5-year lock-in, within the limits set in the policy.
• Surrender: allowed any time, but in the first five years the money goes to a discontinued policy fund and is paid after the lock-in.
• Rider: the Linked Accidental Death Benefit Rider adds extra cover for accidental death.

Tax benefits

The premium qualifies for Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (old tax regime), but only up to 10% of the sum assured. Under Option 1, that is just 12.5% of the premium. Maturity proceeds are exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)) only if the premium is within 10% of the sum assured and your total ULIP premium in the year is ₹2.5 lakh or less. Otherwise, the gain is taxed like equity or debt fund gains. The death benefit is fully tax-free.

Who should consider Nivesh Plus 749?

It suits someone who has a lump sum, such as a bonus, a maturity amount or an inheritance, wants market-linked growth over 10+ years, and likes the discipline of a 5-year lock-in and LIC’s guaranteed additions. It is less suitable if you need the money soon, cannot tolerate the value falling, or want the cheapest possible life cover.

If you would rather invest a fixed amount every month, look at the regular-premium LIC SIIP 752. To compare the two, use our ULIP calculator, which covers both SIIP 752 and Nivesh Plus 749.

How to use this calculator

1. Enter the single premium.
2. Choose Option 1 or Option 2.
3. Enter the age and policy term.
4. Select agent or online.
5. Enter an expected return and read the fund value, yield, charges and year-wise table. The chart below the calculator shows maturity values for ₹5 lakh at different returns and terms.

All figures are estimates. Actual values depend on the fund’s NAV and on LIC’s current charges.