LIC Index Plus Plan 873 is a ULIP by LIC offering life cover + market-linked returns with guaranteed additions. Check features, benefits & eligibility.
LIC’s Index Plus (Plan No. 873, UIN 512L354V01) was a unique offering from Life Insurance Corporation of India that combined the dual benefits of life insurance protection and market-linked investment, making it one of the most balanced Unit Linked Insurance Plans (ULIPs) launched by the corporation in recent years. Introduced on 6th February 2024, the plan allowed individuals to secure financial protection for their families through life cover, while also participating in the potential growth of equity markets by linking the investment portion of their premium to well-known stock market indices. The plan offered two distinct fund options – Flexi Growth Fund, which tracked Nifty 100 stocks, and Flexi Smart Growth Fund, which followed Nifty 50 stocks. This flexibility enabled policyholders to select a fund strategy based on their personal risk appetite, financial goals, and market outlook. One of the key attractions of LIC Index Plus was the guaranteed additions that LIC credited to the policyholder’s fund at regular intervals, provided the policy was in force and all due premiums were paid. For example, policyholders with annual premiums below ₹48,000 received guaranteed additions at the end of the 6th, 10th, 15th, 20th, and 25th years, whereas those paying ₹48,000 or more annually enjoyed higher guaranteed percentages, thus rewarding consistent long-term investors. In terms of protection, the plan provided a robust death benefit, ensuring that in case of the life assured’s demise, the nominee received the highest of the Basic Sum Assured, the Unit Fund Value, or 105% of the total premiums paid, thereby safeguarding families against financial uncertainties. On survival till maturity, the insured received the accumulated Unit Fund Value along with the refund of mortality charges deducted during the policy term, provided the policy was neither discontinued nor surrendered, which added further value to the maturity proceeds. Additionally, after the mandatory five-year lock-in period, policyholders could avail partial withdrawals to meet urgent financial needs, and they also had the option of switching between the two funds up to four times in a year without charge, making the plan highly flexible. The eligibility criteria were broad, with entry age starting as low as 90 days and going up to 60 years, and the policy term ranging from 10 to 25 years. The minimum annual premium was ₹30,000, making it accessible for salaried as well as self-employed individuals, while the Basic Sum Assured was set at seven or ten times the annualized premium depending on the age at entry. Like all ULIPs, the plan had certain charges, such as premium allocation charges, mortality charges, administration charges, and fund management charges, which needed to be factored into expected returns, especially during the early years. Despite its potential, the plan was withdrawn for new business on 1st October 2024, meaning fresh policies are no longer available, though existing policyholders continue to enjoy its benefits. Overall, LIC’s Index Plus stood out as a modern, market-linked plan with the trusted backing of LIC, offering the right balance of risk, protection, and long-term wealth creation for disciplined investors.
:
🌟 LIC Index Plus Plan 873 (ULIP 2024) 🌟
Looking for life insurance + investment in one plan?
LIC brings you Index Plus Plan 873, a smart ULIP that offers:
✔️ Life cover for your family
✔️ Market-linked returns (Nifty 50 / Nifty 100)
✔️ Guaranteed Additions at regular intervals
✔️ Flexibility to switch funds & withdraw after 5 years
✔️ Maturity benefits + refund of mortality charges
Secure your future with India’s most trusted insurer. 💼💡
👉 Learn more about LIC Index Plus ULIP 2024 today!
Click here For More Information
#LIC #IndexPlusPlan873 #ULIP #InsuranceAndInvestment #WealthCreation