LIC’s Protection Plus
LIC’s Protection Plus is a unit-linked, non-participating life insurance plan designed to provide financial protection to the policyholder’s family while offering market-linked investment opportunities. The plan focuses on long-term protection with flexibility in investment choices under LIC’s trusted governance framework.
Plan Overview
LIC’s Protection Plus is suitable for individuals seeking life insurance coverage with the potential to build wealth through market-linked funds. The plan allows policyholders to choose investment funds based on their risk appetite while ensuring financial security for dependents.
Key Features of LIC’s Protection Plus
Life Protection
Provides financial security to family in case of death.
Market-Linked Returns
Opportunity to participate in market growth through ULIP funds.
Fund Switching Facility
Flexibility to change funds based on market conditions.
Transparent Structure
NAV-based fund valuation ensures transparency.
Eligibility Conditions
- Minimum and maximum entry age as prescribed by LIC
- Policy term and premium payment term as chosen
- Medical examination may apply based on age and sum assured
- Premium payment through regular or limited modes
Premium & Benefit Structure
| Parameter | Description |
|---|---|
| Plan Type | Unit-Linked Insurance Plan |
| Premium Mode | Regular / Limited |
| Death Benefit | Higher of Sum Assured or Fund Value |
| Maturity Benefit | Fund Value at maturity |
Important Policyholder Guidance
Market Risk Awareness
ULIP returns depend on market performance and are not guaranteed.
Long-Term Commitment
Best suited for long-term financial planning.
Portfolio Balance
Should be part of a diversified financial portfolio.
Regulatory Oversight
Governed by IRDAI regulations and LIC internal policies.
Need Assistance with LIC’s Protection Plus?
For premium illustration, fund allocation advice, and policy servicing, contact an authorized LIC advisor.