Introduction – A New Chapter in LIC’s Legacy
If you’ve been keeping an eye on LIC’s latest offerings, you’ll be excited to know that a brand-new plan is here — the LIC New Jeevan Shree (Plan No. 911 & 912), launching on 04 July 2025. Life Insurance Corporation of India, or LIC as we all fondly call it, has been a household name for decades. When people think about long-term financial security, they almost always search for an LIC agent near me to get trusted advice.
This new plan is designed to blend security, guaranteed returns, and long-term growth — making it a perfect choice for anyone looking to safeguard their family’s future while building wealth. And because it comes from LIC, you get the assurance of a company with an unmatched track record in keeping promises.
2. What is LIC New Jeevan Shree?
The New Jeevan Shree (Plan No. 911 & 912) is a non-linked, with-profits, limited premium payment endowment plan. That’s a mouthful, so let’s break it down:
Non-linked: Your returns are not tied to stock market ups and downs.
With-profits: You get bonuses declared by LIC from time to time.
Limited premium payment: You pay premiums only for a set period, but your coverage continues for the full term.
Whether you’re a salaried professional, a business owner, or even someone approaching retirement, this plan has something for you. And yes, if you’re still wondering where to begin, the easiest step is to call an LIC agent near me to explain it face-to-face.
3. Key Features of LIC New Jeevan Shree
Here’s why the plan is turning heads:
Guaranteed Sum Assured – You know exactly what your family will receive.
Bonus Facility – Participate in LIC’s profits via bonuses.
Loan Against Policy – Need funds urgently? You can borrow against the plan.
Flexible Premium Payment – Choose annual, half-yearly, quarterly, or monthly.
Tax Benefits – Premiums qualify for deductions under Section 80C, and maturity is tax-free under Section 10(10D) as per current tax laws.
Rider Options – Add accidental death and disability benefits for extra safety.
Every point above is worth discussing with an LIC agent near me because they can tailor the plan to your budget and goals.
4. Benefits in Detail
Death Benefit:
If the policyholder passes away during the policy term, the nominee receives:
The Sum Assured on Death
Accrued bonuses
Any final additional bonus
Maturity Benefit:
On surviving till the end of the policy term, you get:
The Basic Sum Assured
Bonuses declared during the policy term
Final additional bonus, if applicable
Bonus Participation:
Since it’s a with-profits plan, LIC declares bonuses every year, which enhance the maturity or death benefit amount.
Think of it like this: your plan is a growing asset, and your LIC agent near me can show you past bonus trends to give you an idea of potential returns.
5. Eligibility Criteria
To make sure you qualify, here are the basics:
Minimum Entry Age: 18 years
Maximum Entry Age: 55 years
Policy Term: 15, 20, or 25 years
Premium Payment Term: Limited, depending on policy term
Minimum Sum Assured: ₹5 lakh (varies with term)
Maximum Sum Assured: No upper limit (subject to underwriting)
Again, your LIC agent near me will confirm the exact figures for your specific case.
6. Comparison with Older LIC Plans
Many people ask, “How is this different from older Jeevan Shree or other popular LIC plans?” Let’s look:
Old LIC Jeevan Shree
Guaranteed additions instead of bonuses
Less flexibility in payment
Limited rider options
New LIC Jeevan Shree
Combines guaranteed benefits with bonus potential
More flexible premium modes
Enhanced rider benefits
LIC Jeevan Anand vs New Jeevan Shree
Jeevan Anand offers lifelong cover even after maturity, but bonuses can be lower.
New Jeevan Shree focuses on strong maturity benefits with guaranteed growth.
Your LIC agent near me can even prepare a side-by-side chart so you can see which plan aligns best with your life stage.
7. Who Should Buy This Plan?
This plan works beautifully for:
Young Professionals: Start early, pay lower premiums, enjoy bigger benefits.
Parents: Build a safety net for children’s education and marriage.
Pre-Retirees: Ensure a guaranteed corpus on retirement.
NRIs: Benefit from LIC’s trust while living abroad.
Whether you fall in one of these categories or have unique goals, an LIC agent near me can tweak the plan to fit you perfectly.
8. Why Contact an LIC Agent Near Me?
Sure, you can read brochures online, but nothing beats a one-on-one discussion. Here’s why:
Local Expertise: They know the market and understand LIC products inside-out.
Personalized Calculations: They’ll show exactly how much you need to invest.
Claim Assistance: If the need arises, they guide you through the process.
Trust Factor: They are often known faces in your community.
When you connect with an LIC agent near me, you’re not just buying a plan — you’re gaining a lifelong financial guide.
9. Real-Life Example Scenarios
Example 1:
Ravi, 30, takes the 20-year New Jeevan Shree plan for ₹10 lakh sum assured. He pays for 15 years. At maturity, he gets his sum assured plus accumulated bonuses — enough to fund his daughter’s college.
Example 2:
Meena, 45, opts for a 15-year plan. She uses it as a retirement safety net. By the time she’s 60, she has a guaranteed lump sum to rely on.
Both Ravi and Meena started their journey by speaking to an LIC agent near me, who explained the plan in simple words and calculated exactly what they needed.
10. How to Find the Best LIC Agent Near Me
Finding the right LIC agent can make a big difference. Here’s how:
Check Experience: Ask how long they’ve been selling LIC plans.
Look for Reviews: See what other customers say.
Ask for Examples: Request real policy illustrations.
See Their Availability: Choose someone who answers calls and messages promptly.
Your LIC agent near me should make you feel comfortable and confident before you sign anything.
11. Step-by-Step Buying Process
Initial Contact: Reach out to an LIC agent near me.
Needs Analysis: They understand your goals and budget.
Plan Illustration: They show you the expected returns.
Documentation: Fill forms and submit ID proofs.
Medical Check (if required): For higher sums assured or certain ages.
Policy Issuance: LIC issues your policy document.
Conclusion & Call to Action
The LIC New Jeevan Shree (Plan No. 911 & 912) is more than just an insurance policy — it’s a disciplined savings tool, a safety net, and a long-term investment rolled into one. With its mix of guaranteed returns, bonus potential, and flexibility, it’s well-suited for today’s diverse financial needs.
So, don’t wait for “someday.” Whether you’re starting your career, planning for your kids, or securing your retirement, take that first step. Speak to an LIC agent near me today, get your personalized plan illustration, and give your future the security it deserves.
