LIC’s Index Plus is a Unit Linked, Non-Participating, Regular Premium, Individual Life Insurance plan which offers life insurance cover cum savings throughout the term of the¹ policy. LIC’s Index Plus is a non-participating product and hence the policy is not entitled for any share in surplus (profits) during the term of the policy.

This Plan can be purchased Offline through Licensed agents, Corporate agents, Brokers, Insurance Marketing Firms as well as Online directly through website www.licindia.in.

Key Features:

• Benefits:

  • Life insurance cover throughout the policy term.

  • Refund of mortality charges in respect of life insurance cover excluding any extra amount chargeable under the policy due to underwriting decision and tax charges levied on the mortality charges² on survival till maturity as specified in Para 2 below.

  • Guaranteed Additions as a percentage of Annual Premium shall be added to the Unit Fund at the end of specified policy durations and shall be utilized to purchase units.

• Flexibility to choose:

  • Type of investment fund to invest the premiums as per your risk appetite.

  • Basic Sum Assured as 7 or 10 times of Annualized Premium subject to Age at entry as specified in Para 1 below.

  • Amount of Premium payable, Policy Term subject to minimum and maximum limits of Premium, Policy Term and Maturity Age as specified in Para 1 below.

  • Method of settlement of death benefits either in lump sum or in instalments.

• Partial withdrawals allowed to take care of liquidity needs as specified in Para 4 below.

• Option to enhance coverage by opting for LIC’s Linked Accident Benefit Rider.