LIC Nivesh Plus Returns Calculator
LIC Nivesh Plus Projected Returns
About LIC Nivesh Plus Returns Calculator
Welcome to the LIC Nivesh Plus Returns Calculator, a specialized tool designed to help policyholders and potential investors accurately project the maturity value and returns from their LIC Nivesh Plus policy. Our calculator uses current bonus rates and LIC's declared parameters to provide realistic estimates for your financial planning.
What is LIC Nivesh Plus?
LIC Nivesh Plus is a non-linked, participating, individual savings life insurance plan offered by Life Insurance Corporation of India. It provides financial protection against death during the policy term and helps you build a savings corpus through bonuses and loyalty additions. The plan offers guaranteed additions and participates in the profits of LIC through bonuses declared annually.
How Our Calculator Works
Our calculator uses the following parameters to estimate your returns:
- Annual Premium: The amount you pay yearly for your policy
- Policy Term: Duration of your policy (10, 15, 20, or 25 years)
- Bonus Rate: Annual bonus declared by LIC per ₹1000 sum assured
- Loyalty Additions: Additional benefits for long-term policyholders
Key Benefits of LIC Nivesh Plus
1. Death Benefit: Sum assured along with accrued bonuses is paid to the nominee in case of the policyholder's demise during the policy term.
2. Maturity Benefit: On survival till the end of the policy term, the sum assured along with accrued bonuses and loyalty additions (if any) is payable.
3. Tax Benefits: Premiums paid are eligible for tax deduction under Section 80C of the Income Tax Act, and maturity proceeds are tax-free under Section 10(10D) subject to conditions.
4. Loan Facility: Policyholders can avail loan against the policy after it acquires surrender value.
Why Use Our Calculator?
Our calculator stands out for its accuracy and user-friendly interface. Unlike generic financial calculators, it's specifically calibrated for LIC Nivesh Plus parameters including bonus rates, loyalty additions, and sum assured calculations. The tool provides a clear breakdown of total premiums paid, accumulated bonuses, and final maturity value.
Disclaimer
The calculations provided by this tool are projections based on current bonus rates and assumed parameters. Actual returns may vary based on LIC's future bonus declarations and policy terms. This tool is for educational and planning purposes only and should not be considered as financial advice. Please consult with a qualified financial advisor before making investment decisions.