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Market-linked Moderate risk Verified record

LIC's Index Plus

Life Insurance Corporation of India · LIC & Life Insurance Policies

A unit-linked savings plan: part of each premium buys life cover, the rest buys units in a fund you choose.

Premium set by LIC Not published as a number here — it varies by provider, tenure or plan.

Premium depends on age, term and sum assured — use LIC's calculator for your figure

Check the official page

Source LIC — plan brochure

licindia.in/web/guest/unit-linked-plans

Read from LIC's sales brochure "101941 LIC_Index Plus Sales Brochure.pdf". Use LIC's calculator for a premium at your age.

How it works

LIC's Index Plus is a lic & life insurance product from Life Insurance Corporation of India, in the market-linked category: no promised return. A unit-linked savings plan: part of each premium buys life cover, the rest buys units in a fund you choose.

Because the return type is market-linked, the questions that matter most are: What exactly does this hold, and what would make it fall? Can I leave this money invested if it drops 30%?

  • Long-term savings with life cover in one contract
  • Investing in a fund of your choice inside an insurance wrapper

Key facts

Provider
Life Insurance Corporation of India
UIN
512L354V01
Source
LIC — plan brochure ↗ https://licindia.in/web/guest/unit-linked-plans
Rate
Premium set by LIC ↗
Category
LIC & Life Insurance Policies
Minimum investment
— Premium depends on age, term and sum assured — use LIC's calculator for your figure
Tenure
Policy term chosen at purchase
Payout
Fund value at maturity, with guaranteed additions
Eligibility
Entry ages and sum-assured multiples (7x or 10x annualised premium) are set out in the brochure.
Getting your money back
No surrender or withdrawal at all in the first five years. After that, partial withdrawals are allowed within the rules.
Protection
Life cover for the term; the investment value is not guaranteed.
Tax
Premiums may qualify for a deduction under Section 80C. Maturity proceeds are exempt only if the policy meets the conditions in Section 10(10D), including the aggregate premium limit — check the current rules for the year you buy.

What can go wrong

  • The fund value can fall — the investment risk is yours.
  • Nothing can be withdrawn for the first five years.
  • Charges are deducted from the fund and reduce the eventual value.

Before you decide anything

  • The charges: allocation, policy administration and fund management
  • What the guaranteed additions are worth as a percentage of premium

These are questions to take to the provider, not a checklist that makes a product suitable. Whether something fits your situation is a decision only you — or an adviser you choose — can make.

Official sources

These link to the regulator or provider where the rules for this type of product are set out. They are the pages worth checking before you act, because they are the ones that get updated.

Other products in this category

The same rules and the same kind of trade-offs, described the same way.