ULIP

LIC Associate, CODE-L04600008

Invest. Grow. Stay Protected.

A ULIP — Unit Linked Insurance Plan — combines life insurance with market-linked investment. A part of your premium goes towards life cover, and the rest is invested in funds of your choice — equity, debt, or balanced. It’s insurance that also builds wealth.

  • Life cover along with investment growth potential
  • Flexibility to choose and switch between funds
  • Wealth creation over the long term
  • Tax benefits on premium paid and maturity amount
  • Transparency — you can track your fund value anytime

LIC SIIP (Systematic Investment Insurance Plan)

Flexible Investment + Life Cover

  • Entry Age: 90 days to 65 years
  • Maturity Age: Up to 85 years
  • Policy Term: 10 to 25 years
  • Premium Payment: Regular
  • Minimum Premium: ₹40,000 per year

What Happens

  • If death occurs: Higher of sum assured or fund value paid
  • If survival: Fund value paid at maturity
  • Fund value depends on market performance

Key Features

  • Choice of equity, debt, and balanced funds
  • Flexibility to switch between funds
  • Life cover along with investment growth
  • Partial withdrawal facility after lock-in

LIC New Endowment Plus

Market-Linked Savings Plan

  • Entry Age: 90 days to 50 years
  • Maturity Age: Up to 70 years
  • Policy Term: 10 to 20 years
  • Premium Payment: Regular or single
  • Minimum Premium: ₹30,000 per year

What Happens

  • If death occurs: Higher of sum assured or fund value
  • If survival: Fund value paid at maturity

Key Features

  • Investment in market-linked funds
  • No guaranteed returns (market dependent)
  • Multiple fund options available
  • Suitable for long-term goals

LIC Nivesh Plus

Single Premium ULIP

  • Entry Age: 90 days to 70 years
  • Maturity Age: Up to 85 years
  • Policy Term: 10 to 25 years
  • Premium Payment: One-time investment
  • Minimum Investment: ₹1 lakh

Key Features of ULIP Plans

  • Life insurance + investment in one plan
  • Choice of different fund types
  • Flexibility to switch funds
  • Long-term wealth creation
  • Transparency with fund value tracking

Lock-in Period

  • Minimum 5 years (as per regulations)
  • Partial withdrawals allowed after lock-in

Key Features

  • Single premium investment
  • Multiple fund choices
  • No need for yearly payments
  • Wealth creation with flexibility

What Happens

  • If death occurs: Higher of sum assured or fund value
  • If survival: Fund value at maturity

Who Should Buy ULIP

  • Young professionals
  • Long-term investors (10+ years)
  • People comfortable with market fluctuations
  • Individuals planning wealth creation