LIC Nivesh Plus 849 (UIN 512L317V01) is a single-premium ULIP that LIC stopped selling on 14 October 2024, when Plan 749 replaced it. Existing policies run unchanged: the fund grows with the NAV and guaranteed additions of 3% to 7% of the premium arrive from year 6. For ₹2 lakh invested at 35 for 20 years, our calculator estimates about ₹7.41 lakh at an 8% gross return.
Nivesh Plus 849 Fund Value Calculator
Your estimate
fund value at 8% gross return, after charges
- Single premium
- ₹5,00,000
- Estimated returns
- ₹8,28,553
- Guaranteed additions
- ₹60,000
- Premium allocation charge
- ₹16,500
- Mortality + fund management charges
- ₹1,75,618
- Basic sum assured
- ₹6,25,000
- Death benefitminimum payable: higher of sum assured or 105% of premium (fund value if higher)
- ₹6,25,000
- Age at maturity
- 45 years
- Single premium₹5,00,00038%
- Estimated returns₹8,28,55362%
Year-wise fund value and death benefit
| Year | Age | Guaranteed addition | Fund value (year end) | Death benefit |
|---|---|---|---|---|
| 1 | 31 | ₹0 | ₹5,14,920 | ₹6,25,000 |
| 2 | 32 | ₹0 | ₹5,48,437 | ₹6,25,000 |
| 3 | 33 | ₹0 | ₹5,84,195 | ₹6,25,000 |
| 4 | 34 | ₹0 | ₹6,22,347 | ₹6,25,000 |
| 5 | 35 | ₹0 | ₹6,63,056 | ₹6,63,056 |
| 6 | 36 | ₹15,000 | ₹7,21,433 | ₹7,21,433 |
| 7 | 37 | ₹0 | ₹7,68,629 | ₹7,68,629 |
| 8 | 38 | ₹0 | ₹8,18,913 | ₹8,18,913 |
| 9 | 39 | ₹0 | ₹8,72,486 | ₹8,72,486 |
| 10 | 40 | ₹20,000 | ₹9,49,564 | ₹9,49,564 |
| 11 | 41 | ₹0 | ₹10,11,685 | ₹10,11,685 |
| 12 | 42 | ₹0 | ₹10,77,869 | ₹10,77,869 |
| 13 | 43 | ₹0 | ₹11,48,384 | ₹11,48,384 |
| 14 | 44 | ₹0 | ₹12,23,511 | ₹12,23,511 |
| 15 | 45 | ₹25,000 | ₹13,28,553 | ₹13,28,553 |
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 Nivesh Plus Plan 849?
LIC Nivesh Plus 849 is a single-premium, unit-linked, non-participating life insurance plan (UIN 512L317V01). It was sold from 2020 until 14 October 2024, when LIC withdrew it and introduced Nivesh Plus 749. If you hold an 849 policy, nothing changes for you. Your units stay in the funds you chose, the guaranteed additions are still due, and the life cover continues until maturity.
This page is written for existing policyholders. The calculator helps you project your fund to maturity at different returns and see how guaranteed additions and charges affect the result.
Nivesh Plus 849 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 849 / 512L317V01 |
| Premium | Single, minimum ₹1,00,000 |
| Sum assured | 1.25 × premium (Option 1) or 10 × premium (Option 2) |
| Entry age | 90 days to 70 years (Option 2: up to 35) |
| Policy term | 10 to 25 years |
| 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 |
| Status | Withdrawn on 14 October 2024 |
How your fund value is estimated
The calculator deducts the premium allocation charge (about 3.3% through an agent, 1.5% online), then runs the fund year by year. It takes a mortality charge on the sum at risk, grows the fund at your chosen return, deducts the 1.35% yearly fund management charge and adds the guaranteed additions on schedule. No GST is added, as individual life policies are exempt from 22 September 2025.
Example for an existing policy. Someone who invested ₹2,00,000 at age 35 under Option 1 with a 20-year term would have an estimated maturity value of ₹7,41,361 at an 8% gross return. That is a net yield of about 6.77% a year and includes ₹36,000 of guaranteed additions. At 4%, the estimate falls to ₹3,64,209, or about 3.04% a year.
For Option 2, the higher life cover costs more. A 25-year-old who invested ₹1,00,000 for 20 years with ₹10 lakh cover gets an estimated ₹3,12,449 at 8% (5.86% a year).
Tip: compare the year-wise table with the fund value on your latest LIC statement. If your real value is well below the 4% line, look at your fund choice before simply waiting.
Maturity and death benefit
- Maturity: the fund value (units × NAV) is paid on the maturity date, either as a lump sum or through the settlement option in instalments over up to five years.
- Death: the nominee receives the highest of the basic sum assured, the fund value, or 105% of the single premium.
What you can still do with an 849 policy
- Switch funds: four free switches a year let you move from Growth to Bond as maturity approaches, which protects gains.
- Partial withdrawal: allowed after five years if the life assured is 18 or older.
- Surrender: after the lock-in, you receive the fund value. Before exiting, check how close the next guaranteed addition is, since leaving just before year 10 or 15 forfeits it.
- Tax: proceeds are tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)) only if the premium was within 10% of the sum assured, which in practice means Option 2. For policies bought from 1 February 2021, the ₹2.5 lakh annual ULIP premium limit also applies. Death benefit is always tax-free.
To weigh an early exit, try the LIC surrender value calculator alongside this one.
Nivesh Plus 849 vs 749
| Nivesh Plus 849 | Nivesh Plus 749 | |
|---|---|---|
| Status | Withdrawn 14 Oct 2024 | On sale from 14 Oct 2024 |
| Premium | Single, min ₹1 lakh | Single, min ₹1,25,000 |
| Cover options | 1.25× or 10× | 1.25× or 10× |
| Guaranteed additions | 3–7% from year 6 | 3–7% from year 6 |
The design carries over. Plan 749 is simply the version filed under LIC’s updated product set, so new buyers should use the Nivesh Plus 749 calculator. If you prefer paying monthly, the regular-premium SIIP 852 and its successor 752 are the sibling products.
How to use this calculator
Enter your single premium, option, entry age and term exactly as on your policy bond. Choose agent or online, then try 4% and 8% returns. The results show the estimated maturity value, net yield, guaranteed additions, charges and death benefit, with a year-by-year table. All figures are estimates, not LIC’s statement.
Frequently asked questions
Is LIC Nivesh Plus 849 still available?
No. LIC withdrew Plan 849 for new sales on 14 October 2024 and launched Nivesh Plus 749 in its place. Policies already issued under 849 continue on their original terms until maturity, death claim or surrender.
How do I check the current fund value of my Nivesh Plus 849 policy?
Log in to LIC's customer portal or app, or ask your branch for a unit statement. It shows the number of units in each fund and the latest NAV. Units × NAV is your fund value today. Our calculator helps you project it forward.
When are guaranteed additions credited in Nivesh Plus 849?
At the end of policy years 6, 10, 15, 20 and 25, LIC adds 3%, 4%, 5%, 6% and 7% of the single premium as extra units. For ₹2 lakh over 20 years that is ₹36,000 in total, provided the policy stays in force.
Can I surrender Nivesh Plus 849 now?
Yes, but in the first five years the money moves to a discontinued policy fund and is paid only after the lock-in. After five years, you get the fund value with no surrender charge. Check whether a guaranteed addition is due soon before exiting.
What does the nominee get if I die during the Nivesh Plus 849 term?
The highest of the basic sum assured (less partial withdrawals in the last two years), the fund value on the date of intimation, or 105% of the single premium. The benefit can be taken as a lump sum or in instalments.
What is the difference between Nivesh Plus 849 and 749?
Both are single-premium ULIPs with the same two cover options, four funds and guaranteed additions. Plan 749 is the version LIC sells from 14 October 2024 under updated product rules. Check the 749 brochure for current charges.
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.