LIC Index Plus (Plan 873) – Market-Linked Investment with Life Cover in Hyderabad, Telangana & Andhra Pradesh
LIC's Index Plus (Plan 873) is a Unit Linked Insurance Plan (ULIP) that combines life insurance coverage with market-linked investment opportunities. With flexible premium payments and attractive benefits, this plan is designed to cater to diverse financial goals.
📌 Key Features:
- ✔️ Regular Premium Payments: Choose from monthly, quarterly, half-yearly, or yearly payment options.
- ✔️ Flexible Sum Assured: Opt for a sum assured that is 7 or 10 times your annualized premium, based on your age.
- ✔️ Investment Fund Options: Select between Flexi Growth Fund (NSE NIFTY100) and Flexi Smart Growth Fund (NSE NIFTY50) to align with your risk appetite.
- ✔️ Guaranteed Additions: Enjoy additional units added to your fund at specified policy years, enhancing your investment value.
- ✔️ Partial Withdrawals: Access your funds after the 5th policy year to meet financial needs without compromising coverage.
- ✔️ Comprehensive Death Benefit: Ensure financial security for your family with a death benefit that offers the higher of basic sum assured, 105% of premiums paid, or unit fund value.
📊 Plan Details:
| Parameter | Details |
|---|---|
| Plan Number | 873 |
| Policy Type | Non-Participating, Unit Linked, Regular Premium |
| Premium Payment Modes | Yearly, Half-Yearly, Quarterly, Monthly (NACH) |
| Minimum Premium | ₹30,000 per annum; Monthly (NACH) ₹2,500 |
| Policy Term | 10 to 25 years |
| Sum Assured | 7 or 10 times annualized premium |
| Fund Options | Flexi Growth Fund, Flexi Smart Growth Fund |
| Guaranteed Additions | Added at specified policy years |
| Partial Withdrawals | Allowed after 5th policy year |
| Death Benefit | Higher of basic sum assured, 105% premiums paid, or unit fund value |
📘 Example: Planning with LIC Index Plus
Consider Anjali, a 35-year-old resident of Visakhapatnam, who opts for LIC's Index Plus with a yearly premium of ₹50,000 and a policy term of 20 years. She chooses the Flexi Growth Fund to align with her long-term investment goals. Over the years, her investment grows with market performance, and she benefits from guaranteed additions. After 5 years, Anjali makes partial withdrawals to fund her child's education, all while maintaining her life cover.
👨👩👧👦 Best Suited For:
- ✅ Individuals aged 18-60 seeking a combination of investment growth and life insurance coverage.
- ✅ Those looking for flexible premium payment options and the ability to adjust investment strategies.
- ✅ Residents of Hyderabad, Warangal, Guntur, Vijayawada, and surrounding regions in Telangana and Andhra Pradesh.
📞 Contact Diwakar Cherukuwada – LIC Investment Planning Specialist in Hyderabad
For personalized investment planning and to explore suitable fund options, reach out today!
📲 WhatsApp: Click to Chat with Diwakar Cherukuwada
📧 Email:</
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