LIC SIIP (Systematic Investment Insurance Plan)
LIC SIIP (Plan 852) is a Unit Linked Insurance Plan (ULIP) that combines life insurance protection with market-linked investment opportunities. Choose from multiple fund options to build long-term wealth while protecting your family.
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Market Linked
Opportunity to earn returns based on market performance.
Life Cover
Financial protection for your family throughout the policy term.
Fund Switching
Switch between investment funds according to your goals.
Tax Benefits
Tax benefits under prevailing Income Tax laws.
Key Features
- Regular Premium Unit Linked Insurance Plan.
- Combines insurance protection with investment.
- Choice of four investment funds.
- Free fund switching facility.
- Partial withdrawals after lock-in period.
- Loyalty additions as per policy conditions.
- Refund of mortality charges on maturity (subject to policy conditions).
- Ideal for long-term wealth creation.
Eligibility
| Entry Age | 90 Days to 65 Years |
|---|---|
| Policy Term | 10 to 25 Years |
| Premium Payment | Regular Premium |
| Premium Modes | Yearly, Half-Yearly, Quarterly & Monthly |
| Minimum Annual Premium | ₹40,000 |
Investment Fund Options
Bond Fund
Suitable for conservative investors seeking relatively stable returns.
Secured Fund
Balanced exposure to debt and equity investments.
Balanced Fund
Suitable for investors looking for moderate growth.
Growth Fund
Higher equity exposure for long-term wealth creation.
Benefits
Maturity Benefit
On survival until the end of the policy term, the policyholder receives the Unit Fund Value based on the prevailing Net Asset Value (NAV) of the selected fund(s). Any applicable Loyalty Additions and other benefits, as specified under the policy, are also payable.
Death Benefit
In the unfortunate event of the Life Assured's death during the policy term, the nominee receives the applicable Death Benefit as per the policy provisions. The benefit generally includes the higher of the prescribed Sum Assured or the Unit Fund Value, subject to the terms and conditions of the plan.
Partial Withdrawal
After completion of the mandatory lock-in period, partial withdrawals from the Unit Fund Value are permitted to meet important financial needs such as education, marriage, home purchase or medical emergencies, subject to LIC's policy conditions.
Why Choose LIC SIIP?
Wealth Creation
Invest in market-linked funds to build long-term wealth while enjoying the protection of life insurance under a single plan.
Multiple Fund Choices
Select from Bond, Secured, Balanced and Growth Funds according to your investment goals and risk appetite.
Flexible Fund Switching
Switch between available funds during the policy term to align your investment strategy with changing market conditions and financial goals.
Insurance + Investment
Enjoy comprehensive life insurance protection while participating in market-linked investment opportunities through one integrated plan.
Charges & Lock-in Period
LIC SIIP has a mandatory 5-year lock-in period as applicable to ULIPs.
- No regular withdrawals are permitted during the lock-in period.
- Partial withdrawals are available after completion of the lock-in period, subject to policy conditions.
- The policy continues to participate in market-linked returns during the lock-in period.
- ✔ Premium Allocation Charge
- ✔ Policy Administration Charge
- ✔ Fund Management Charge
- ✔ Mortality Charge
- ✔ Discontinuance Charge (if applicable)
The applicable charges are deducted as specified in the policy document. Investors should review the official LIC brochure for detailed charge rates and conditions.
Calculate Your LIC SIIP Premium & Fund Value
Use our online calculators to estimate your premium, projected fund value and understand how LIC SIIP can help you achieve your long-term financial goals.
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Disclaimer
LIC SIIP (Systematic Investment Insurance Plan - Plan 852) is a Unit Linked Insurance Plan (ULIP). Investments in ULIPs are subject to market risks, and the value of units may increase or decrease depending on the performance of the underlying funds. Past performance is not indicative of future returns.
The information provided on this page is intended for general informational and educational purposes only. Plan features, eligibility, benefits, charges, fund options and policy terms are subject to the rules, regulations and underwriting guidelines of the Life Insurance Corporation of India (LIC).
Tax benefits are available under the prevailing provisions of the Income Tax Act and may change from time to time. Investors are advised to consult their financial or tax advisor before making any investment decision.
Before purchasing LIC SIIP, please read the official sales brochure, benefit illustration and policy document carefully to understand the risks, charges, exclusions, terms and conditions associated with the plan.