LIC Index Plus Plan 873
ULIP Investment Returns Calculator
LIC Index Plus Plan 873 Overview
LIC Index Plus Plan 873 is a Unit Linked, Non-Participating, Individual Life Insurance plan. It offers investment opportunities linked to NSE NIFTY 50 or BSE SENSEX along with life insurance cover throughout the policy term.
Eligibility & Rules
- Minimum Annual Premium: ₹30,000
- Maximum Premium: No Limit
- Policy Term: 10 to 25 Years
- Premium Paying Term (PPT): Same as Policy Term
- Entry Age: 90 Days to 60 Years
Key Plan Benefits
- Death Benefit: Higher of Basic Sum Assured or Unit Fund Value.
- Maturity Benefit: Unit Fund Value equal to the NAV of the selected fund on the date of maturity.
- Guaranteed Additions: Added to the fund at specific durations as a percentage of annualized premium.
Detailed Maturity Benefit
Unit Fund Value as on the date of maturity based on prevailing NAV. Plus refund of mortality charges (if applicable).
Standard Policy Features
- Grace Period: 30 days for Yearly, Half-Yearly, and Quarterly premium payment modes, and 15 days for Monthly mode.
- Free Look Period: 30 days from the date of receipt of the policy document to review the terms and conditions.
- Loan & Surrender Facility: No Loan facility is available. Policy has a 5-year lock-in period, after which it can be surrendered.
- Tax Benefits: Premiums paid are eligible under Section 80C, and returns are tax-free under 10(10D) (if annual premium < ₹2.5 Lakh).
Example Calculation
| Parameter | Value |
|---|---|
| Sum Assured | ₹5,00,000 (10x Premium) |
| Age / Policy Term | 30 / 15 Years |
| Yearly Premium (Approx) | ₹50,000 |
| Total Paid Premium | ₹7,50,000 |
| Maturity / Total Benefits | ₹Based on NAV/Market Performance |
Calculating…