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 SIIP
Systematic investment with insurance
A regular premium ULIP that invests monthly or yearly contributions in a chosen fund, with mortality charges refunded at maturity.
Who it suits: Salaried investors who want to invest in instalments.
- Unit Linked (ULIP)
- Systematic investment with insurance
- Maturity Benefit
LIC plan reference: 852
Eligibility at a glance
- Entry age
- 90 days to 65 years
- Maturity age
- Up to 75 years (plan dependent)
- Sum assured
- 7 or 10x annualised premium
- Policy term
- 10 to 25 years
- Premium modes
- Yearly, half-yearly, quarterly, monthly (NACH) and salary savings scheme
Key benefits
- Refund of mortality charges at maturity
- Four fund options with free switches
- Regular premium instalments
- Partial withdrawal after the lock-in
Estimate your LIC's SIIP 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
- ₹11,20,000
- 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 SIIP:
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 SIIP
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 SIIP 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.