LIC Index Plus Plan: A Comprehensive Overview

Recently, the Life Insurance Corporation of India (LIC) launched the LIC Index Plus Plan, a unique investment opportunity for individuals looking for a combination of life insurance coverage and savings. This plan, designed to cater to various financial needs, comes with a range of features and benefits.

Plan Features and Coverage

The LIC Index Plus Plan offers life insurance coverage along with the potential for savings over the policy term. Policyholders can make regular premium payments and enjoy the benefits of guaranteed additions to their unit fund after specific policy years.

Flexible Premium and Policy Terms

Policyholders have the flexibility to choose their premium payment frequency and duration, with options ranging from yearly to monthly payments through NACH. The plan specifies minimum premium amounts for each frequency, providing policyholders with choices that suit their financial capabilities.

Investment Options

Policyholders can invest their premiums in two funds: the Flexi Growth Fund and the Flexi Smart Growth Fund. These funds primarily invest in selected stocks from the NSE NIFTY 100 index or the NSE NIFTY50 index, offering potential growth opportunities.

Additional Benefits

The LIC Index Plus Plan allows for partial withdrawals after completing a 5-year lock-in period, subject to specific conditions. Policyholders also have the option to add the Linked Accidental Death Benefit rider for enhanced protection.

Eligibility and Age Limits

To qualify for the plan, individuals must meet age requirements and choose a Basic Sum Assured based on their age category. The plan provides flexibility in age limits, allowing individuals to select a policy term that suits their needs.


The LIC Index Plus Plan is a comprehensive investment and insurance solution, offering flexibility, coverage, and potential for growth. With customizable premium options, investment choices, and added benefits, it caters to the diverse needs of policyholders.

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