Plan 873LIC's Index Plus
Index-linked funds with guaranteed additions
- Index-linked fund options
- Guaranteed additions from the sixth policy year
- Four free switches each year
- Partial withdrawals after the five-year lock-in
LIC's Protection Plus
Higher cover unit linked plan
A unit linked plan weighted towards protection, offering a larger sum assured multiple alongside fund growth.
Who it suits: Buyers who want ULIP flexibility without sacrificing cover.
- Unit Linked (ULIP)
- Higher cover unit linked plan
- Maturity Benefit
LIC plan reference: 880
Eligibility at a glance
- Entry age
- 18 to 60 years
- Maturity age
- Up to 75 years (plan dependent)
- Sum assured
- Higher sum assured multiples
- Policy term
- 10 to 30 years
- Premium modes
- Yearly, half-yearly, quarterly, monthly (NACH) and salary savings scheme
Key benefits
- Protection-oriented sum assured multiples
- Choice of investment funds
- Switching and partial withdrawal features
- Optional linked accident benefit rider
Estimate your LIC's Protection Plus premium and maturity value
LIC Premium & Maturity Calculator
Estimates from publicly published LIC rate tables. Not a quotation.
- Yearly premium
- ₹1,200
- First instalment
- ₹1,200
- Renewal instalment
- ₹1,200
- Total outgo over the term
- ₹24,000
- Estimated maturity value
- ₹22,40,000
- Indicative surrender value (mid-term)
- ₹4,500
Figures exclude underwriting loading and high sum assured rebates. Bonus-linked maturity values are projections, not guarantees.
Want an exact LIC illustration?
Your estimate is ready. For an official quotation and a suitability discussion on LIC's Protection Plus:
This plan may not be ideal if…
- You need the maximum possible life cover for the lowest premium — a term assurance plan does that better.
- You may need the money back within the first few years; early surrender values are low.
- You expect market-linked returns; participating LIC returns are steadier but more modest.
- Your income is irregular and you cannot commit to the full premium paying term.
Frequently asked questions
Get advice on LIC's Protection Plus
Send your age and budget and you will get an official LIC quotation plus an honest view on whether this plan is the right fit.
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This page describes LIC's Protection Plus in our own words, based on LIC's published product literature. For the binding terms, always refer to the official policy document issued by Life Insurance Corporation of India.