818 New jeevan Nidhi_English

It is a deferred annuity plan and it is non unit-linked insurance pension plan.

818 New jeevan Nidhi_Hindi

It is a deferred annuity plan and it is non unit-linked insurance pension plan.

It is a conventional with profit pension plan with a combination of protection and saving features. Plan provides death cover during the deferred period and offers annuity on survival on date of vesting. Policy participates into profit with guaranteed bonus addition @ Rs. 50 per thousand for first five years and bonus thereafter. Policy can be availed with duration of 7 years to 35 years and can be taken any person between the ages of 20 Years to 60 years. For Single premium payment, term duration can be reduced till 5 years.

Profit Sharing as per Valuation

As per valuation result declare by LIC every year, profit is being shared among all policyholder during premium paying term with a guaranteed addition at first five years.

Maturity Benefit is known as Vesting Benefits

At the time of vesting, after withdrawing partial amount, balance amount will be reinvested to purchase immediate annuity plan.

Get Partical amount at the End of Term

Partial amount of corpus created can be withdrawn at the time of maturity for any immediate needs. Balance amount can be utilised for pension.

Combination of Life Protection plus Pension

It offers risk cover during the premium term and create corpus at the time of maturity. The corpus created is reinvested to provide pension for securing retirement needs.


Avail Tax benefit on premium paid

Tax Free Maturity Amount

Tension Free Claim Settlement


For Basic Plan

Age at Entry20 years completed60 years (Single Premium)
58 years (Regular Premium)
Age at vesting55 years (Nearest birthday)65 years (Nearest birthday)
Deferment period5 years for Single Premium35 years
7 years for Regular Premium
Sum Assured₹ 1,50,000/- For Single PremiumNo limit.
₹ 1,00,000/- For Regular Premium

The Sum Assured under the Basic Plan shall be in multiples of ₹ 5,000/-.


Minimum age at entry : 20 years (completed)

Maximum age at entry : The cover can be opted for at any policy anniversary during the deferment period

Minimum Sum Assured : ₹ 1,00,000/-

Maximum Sum Assured : An amount equal to the basic sum assured subject to the maximum of ₹ 50,00,000/-

The DAB Rider Sum Assured shall be in multiples of ₹ 5,000/-.