Best LIC Plan for New Member in 2025
If you are planning to start your relationship with LIC in 2025, then LIC Nav Jeevan Shree (Plan 912) is one of the best options for a new member. The main advantage of this plan is that it offers protection and savings, thus pleasing to a user seeking security and benefit with a longer time-frame.
The plan also offers good flexibility. You can choose how long you want to pay the premiums - 6, 8, 10 or 12 years, while the overall policy term can be done up to 20 years. The minimum sum assured is ₹5 lakh, which is certainly a sensible option for new investors. The other main advantages are the additions from the plan, which, as with several at LIC, have a guaranteed year-on-year increase while also helping you save over time.
In the unfortunate event that you die before the policy commences, the sum assured plus accumulated benefits will be paid to the nominee, thus protecting your family members.
Before purchasing the product, think about your financial goals and how long you are comfortable paying the premiums. If you are looking for some life cover and long-term savings, then Nav Jeevan Shree is a sensible and secure place to start with LIC. If you are purely looking for protection, then a straight forward term product would be your best option.