LIC’s SIIP – Systematic Investment Insurance Plan
LIC’s SIIP is a unit-linked life insurance plan designed to combine systematic investment, life protection, and long-term wealth creation. The plan allows policyholders to invest regularly while benefiting from life insurance coverage under the trusted framework of Life Insurance Corporation of India.
Plan Overview
LIC’s SIIP is suitable for individuals seeking market-linked returns through disciplined investment while ensuring financial security for their families. The plan supports systematic investment habits and allows flexibility in fund allocation based on risk appetite.
Key Features of LIC’s SIIP
Systematic Investment
Encourages disciplined periodic investment.
Market-Linked Returns
Returns depend on fund performance.
Life Insurance Cover
Provides financial protection to family.
Fund Switching Facility
Flexibility to change investment strategy.
Eligibility Criteria
- Minimum entry age as specified by LIC
- Maximum maturity age as per policy rules
- Regular premium payment options
- Medical underwriting as per LIC norms
Premium & Benefit Structure
| Parameter | Description |
|---|---|
| Premium Type | Regular / Limited Pay |
| Investment Funds | Multiple fund options available |
| Death Benefit | Higher of Sum Assured or Fund Value |
| Maturity Benefit | Fund Value at maturity |
Important Investor Guidance
Market Risk Awareness
ULIP returns are subject to market fluctuations.
Long-Term Horizon
Best suited for long-term financial goals.
Portfolio Diversification
Should form part of a diversified portfolio.
Regulatory Compliance
Operates under IRDAI and LIC guidelines.
Get Personalized Guidance
For premium illustration, fund selection advice, and policy servicing, contact an authorized LIC advisor.