🔶 LIC Index Plus Plan No. 873 – Full Detailed Description
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LIC Index Plus is a Unit Linked Life Insurance Plan (ULIP) introduced by Life Insurance Corporation of India (LIC). It provides insurance protection + market-linked returns in a single plan. The policyholder gets the flexibility to choose where their money is invested – in equity or balanced funds – depending on their risk appetite.
🔍 Plan Highlights:
| Feature | Details |
|---|---|
| Plan Name | LIC Index Plus (Plan No. 873) |
| Type | ULIP (Market-linked + Life Insurance) |
| Policy Term | 10 to 40 years |
| Premium Paying Term | Equal to policy term |
| Minimum Premium | ₹2,500/month (or ₹82/day approx.) |
| Premium in Example | ₹2,500/month (or ₹82/day approx.) |
| Entry Age | 90 days to 60 years |
| Maturity Age | Up to 75 years |
| Fund Options | Flexi Growth Fund, Flexi Balanced Fund |
| Lock-in Period | 5 years |
📈 How It Works:
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You pay a regular premium – say ₹2,500 per month for 15 years.
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The money is invested in index-linked funds (like Sensex/Nifty).
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LIC deducts small charges (for fund management, mortality, etc.).
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The fund grows depending on market performance.
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At the end of 15 years, you get the total fund value as maturity benefit.
💡 Benefits of LIC Index Plus Plan
✅ 1. Maturity Benefit
At the end of the term, you receive the Fund Value based on market returns. For ₹2,500/month, estimated fund value can reach ₹10.5 lakh (if market returns 10–12%).
✅ 2. Death Benefit
In case of the policyholder’s death, the nominee will get:
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Higher of Sum Assured or Fund Value
(Minimum death benefit = 105% of total premiums paid)
✅ 3. Loyalty Additions
After 6th policy year and every year afterward till the end of premium paying term, LIC adds extra units to boost your fund.
✅ 4. Switch Option
You can switch between Flexi Growth & Flexi Balanced Fund at any time for free (4 free switches per year).
✅ 5. Partial Withdrawals
After the 5-year lock-in, you can make partial withdrawals in emergencies.
📊 Example Illustration – Investment of ₹2,500 per month for 15 years
| Year | Total Premium Paid | Fund Value @ 10% Return | Fund Value @ 12% Return |
|---|---|---|---|
| 5 | ₹1,50,000 | ₹1,80,000 | ₹1,90,000 |
| 10 | ₹3,00,000 | ₹4,50,000 | ₹5,00,000 |
| 15 | ₹4,50,000 | ₹9,80,000 | ₹10,50,000 |
(💡 Returns are not guaranteed and may vary as per market performance. )
🧾 Summary:
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Total Investment: ₹4.5 Lakh (₹2,500/month for 15 years)
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Estimated Maturity Amount: ₹10.5 Lakh
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Life Cover + Wealth Creation in one plan
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Best for long-term investors looking for returns better than traditional plans
LIC Index Plus Plan 873: Invest ₹2,500/month for 15 yrs, get ₹10.5L. ULIP plan with life cover + market returns. LIC's best long-term plan.
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