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PLAN FEATURES
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Minimum Age
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90 Days (completed)
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Maximum Age
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Maximum Age : 60 Years (nearer birthday)
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Maximum Maturity Age
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Maximum Maturity Age :85 Years (nearer birthday)
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Plan Term
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10 to 25 years
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Minimum Premium
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Yearly 30,000 | Half Yearly 15,000 | Quarterly 7,500 | Monthly 2,500
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Maximum Premium
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No Limit
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Rider Available
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Accidental Death Benefit
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At the end of policy term policy holder will get fund
value
Guaranteed additions shall be added and converted
to units at pre-defined specific intervals.
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Policy Surrender
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A Policy can be surrendered anytime during policy
term.
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Basic Sum
Assured
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Age below 51 yrs - (10 or 7) * Annualized Premium
For Age 51 and above - 7 * Annualized Premium
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Tax Benefit
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(I)On death before the Date of Commencement : An
amount equal to the Policyholder`s Fund Value shall
be payable.
(II)On death after the Date of Commencement of
Risk: An amount equal to the higher of Basic Sum
Assured or Policyholder`s Fund Value
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Why Index Plus ?
LIC’s Index Plus is a Unit-linked, non-participating insurance plan that offers life insurance coverage and savings over the policy term. It provides flexibility in choosing investment funds based on risk appetite, with guaranteed additions at specified policy durations. The plan allows partial withdrawals to address liquidity needs and offers the option to enhance coverage with LIC’s Linked Accident Benefit Rider.
The fund options available under the plan are:
Flexi Growth Fund
Flexi Smart Growth Fund
Features of LIC Index Plus
Guaranteed Additions: Every year, a percentage of your annual premium is added to your Unit Fund, boosting your earnings and used to purchase more units.
Enhanced protection with Riders: The plan offers additional protection through riders by paying extra premiums.
Partial Withdrawals: Partial Withdrawals are allowed to take care of liquidity requirements.
Flexible Investment Options to choose from:
Type of investment fund as per your risk appetite
Premium amount payable, policy term and maturity age
Index Plus offer a range of investment choices, allowing you to tailor your plan based on your risk tolerance and financial goals.