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LIC Index Plus is a Unit Linked (ULIP) life insurance plan that combines protection + market-linked growth through index-based funds.
Your money is invested in Nifty or Sensex index funds, helping you grow wealth while staying insured.
It’s perfect for those who want long-term investment growth with life cover security — all in one plan.
| Feature | Details |
|---|---|
| Plan Type | Unit Linked, Non-Participating, Individual Life Insurance Plan |
| Objective | Life cover + Index-based wealth creation |
| Policy Term | 10 to 25 years |
| Premium Paying Term (PPT) | Equal to policy term |
| Minimum Entry Age | 90 days |
| Maximum Entry Age | 60 years |
| Maximum Maturity Age | 75 years |
| Minimum Premium | ₹30,000/year (Annual) or ₹2,500/month |
| Sum Assured (Adults) | 7 to 10 times Annual Premium |
| Fund Options | 2 Index Funds |
| Switching | Between two index funds allowed (4 free per year) |
| Partial Withdrawal | Allowed after 5 years |
| Loyalty Additions | From the 6th year onwards |
| Top-Up Premium | Additional investments allowed anytime |
| Fund Type | Based On | Description | Risk Level |
|---|---|---|---|
| Flexi Growth Fund | NIFTY 50 Index | Invests in top 50 Indian companies — high return potential | High |
| Flexi Debt Fund | NIFTY Bond Index | Invests in government & corporate bonds — safer & stable | Low to Medium |
You can switch between these funds anytime to balance growth and safety.
Let’s assume:
LIC invests your premium (after small deductions) in the chosen index fund.
Your investment value grows as per NIFTY/SENSEX performance.
Your returns depend on market performance — similar to an index mutual fund.
Throughout the policy term, you remain insured.
If the policyholder passes away:
Death Benefit = Higher of (Sum Assured or Fund Value)
(Minimum 105% of total premiums paid)
At the end of 20 years (if policyholder survives):
Maturity Benefit = Fund Value (NAV × Units held)
If the fund grows at an average rate of 8% per year:
If the market performs better (10–12%), the maturity value could exceed ₹30 lakh.
(Note: Returns are market-linked and not guaranteed.)
| Benefit Type | Description |
|---|---|
| Life Cover | Financial protection for family during policy term |
| Market-Linked Growth | Invests in top Indian indices for steady growth |
| Loyalty Additions | Added from the 6th policy year onwards |
| Flexibility | Choose or switch funds anytime |
| Partial Withdrawals | Allowed after 5 years |
| Top-Up Facility | Add extra premium anytime for higher investment |
| Tax Benefits | Eligible under Sections 80C & 10(10D) of the Income Tax Act |
✅ Combines life insurance with market-based growth
✅ Invests directly in India’s top-performing index funds
✅ Lower risk than active equity ULIPs
✅ Flexibility to manage your fund choice anytime
✅ Ideal for long-term financial goals like retirement, education, or wealth building
You invest ₹50,000 per year for 20 years. LIC invests your money in the NIFTY Index.
If the market grows, your fund value grows too — just like mutual funds.
If something happens to you, your family still gets ₹5 lakh or the fund value (whichever is higher).
So, you get insurance + long-term index-based wealth growth — in one plan.
| Category | LIC Index Plus Offers |
|---|---|
| Type | Unit Linked (Index-based ULIP) |
| Investment | NIFTY or Bond Index Funds |
| Returns | Market-linked (index performance) |
| Protection | Life Cover |
| Flexibility | Switch, Partial Withdrawal, Top-Up |
| Best For | Long-term investors seeking safe market exposure |
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