Overview of LIC ULIP Plans: Pension Plus, Index Plus & Nivesh Plus

Here’s a clear and structured overview of LIC’s major ULIP (Unit Linked Insurance Plan) offerings— Pension Plus (Table No. 867), Index Plus (Table No. 873), and Nivesh Plus (Table No. 749). These plans combine life insurance protection with market-linked investment options to help build long-term wealth.

1. LIC Pension Plus Plan (Table No. 867)

Type: Unit Linked Insurance Plan (ULIP)

Objective: To provide a reliable retirement income along with life cover during the policy term.

Key Features:
• Flexible Premium Term: Choose your payment duration and investment strategy.
• Market-Linked Investment: Invest through funds based on risk appetite.
• Partial Withdrawals: Allowed after the mandatory lock-in period.
• Death Benefit: Nominee receives the sum assured plus fund value.
• Retirement-Ready: Helps build a retirement corpus for annuity-based income.

2. LIC Index Plus Plan (Table No. 873)

Type: Unit Linked Insurance Plan (ULIP)

Objective: To provide life coverage while allowing investment in market index-linked funds.

Key Features:
• Index-Based Funds: Invest in funds linked to equity and debt indices.
• Fund Switching: Option to switch between funds based on market trends.
• Market-Linked Returns: Fund value varies with index performance.
• Life Cover: Insurance protection included along with investment benefits.

3. LIC Nivesh Plus Plan (Table No. 749)

Type: Unit Linked Insurance Plan (ULIP)

Objective: Focused on wealth creation along with life insurance coverage.

Key Features:
• Dual Benefit: Life cover combined with long-term investment potential.
• Wide Fund Options: Choose equity, debt, or balanced funds as per risk tolerance.
• Flexible Premiums: Premium payment and fund-switching options available.
• Death Benefit: Paid as sum assured plus fund value.

Common Features Across LIC ULIP Plans

• Life Insurance Cover: Protection throughout the policy term.

• Investment Flexibility: Choose and switch funds to match financial goals.

• Partial Withdrawals: Available after the lock-in period for emergencies.

• Market-Linked Returns: Maturity value depends on fund performance.

• Growth Opportunity: Ideal for long-term financial planning and wealth creation.

Note: ULIP investments are subject to market risks. The value of units may fluctuate based on the performance of equity and debt markets. It is recommended to review LIC’s official brochures or consult a LIC advisor for detailed policy terms and benefits.