Nivesh Plus takes one premium at the start and places money in the selected market fund after the relevant charges. There are no regular premium bills after that single payment, but the fund is still exposed to market changes and ongoing charges, so one payment does not mean a fixed maturity amount.
A single payment still has policy charges
The current starting premium is one lakh twenty five thousand rupees, and the life cover choice changes the permitted ages and policy lengths. Check that choice before using the calculator, because the higher cover option has narrower entry rules and should not be shown as available to every older buyer.
Choose life cover and fund risk separately
The policy offers several funds with different investment mixes, plus fixed additions at stated milestones under its terms rather than a guaranteed yearly investment return. If you prefer regular premiums instead of one payment, compare SIIP, keeping its own charge schedule and fund rules separate.
Two lakh rupees and two cover choices
A single premium of two lakh rupees gives two lakh fifty thousand rupees basic cover under the lower cover choice, or twenty lakh under the higher choice if eligible. These are cover amounts, not promised maturity values; the full death benefit also follows its contract formula and any relevant withdrawal adjustments.
FAQ
Q: Is one lakh rupees enough for the current Nivesh Plus version?
A: No. The current brochure starts at one lakh twenty five thousand rupees. An older calculator accepting a lower amount does not change the revised product rule.
Q: Can every Nivesh Plus buyer choose ten times life cover?
A: No. The higher cover option has its own age and term restrictions. Confirm eligibility before comparing its premium and life cover charges with the lower option.
Q: Can Nivesh Plus money be taken out freely during its first five years?
A: No. The lock-in and discontinuance rules apply. Later partial withdrawals also have conditions, including age requirements where the insured person entered as a child.