LIC SIIP Plan 852 – Market-Linked Investment with Life Cover in Hyderabad, Telangana & Andhra Pradesh
LIC's Systematic Investment Insurance Plan (SIIP) – Plan No. 852 is a unit-linked insurance plan that offers the dual benefit of life insurance and market-linked investment. This innovative policy enables you to build wealth over time while ensuring the financial security of your loved ones. LIC SIIP is an ideal choice for individuals who want to combine the safety of insurance with the growth potential of investments linked to the stock market.
📌 Key Features of LIC SIIP Plan 852
- Market-Linked Returns: Your premiums are invested in various funds, including equity and debt, based on your risk preference. This helps in achieving higher returns compared to traditional insurance plans.
- Life Insurance Coverage: The plan offers comprehensive life coverage, ensuring your family is financially protected in case of an unfortunate event.
- Flexible Premium Payments: Premium payments can be made annually, semi-annually, quarterly, or monthly, providing flexibility to suit your financial situation.
- Multiple Fund Options: Choose between different funds such as Bond Fund, Secured Fund, Balanced Fund, or Growth Fund depending on your risk tolerance and investment goals.
- Top-Up Premiums: You can enhance your investment at any time during the policy term by making top-up premiums, which help you accumulate more wealth.
- Partial Withdrawals: After the fifth policy year, you can withdraw funds partially to meet emergency financial needs.
- Death and Maturity Benefits: In case of death, your nominee receives a benefit which is the higher of the Basic Sum Assured, Fund Value, or 105% of the premiums paid. At maturity, the fund value accumulated over the policy term is paid out.
- Tax Benefits: Under Section 80C of the Income Tax Act, you are eligible for tax deductions on the premiums paid, while the maturity benefits are tax-free under Section 10(10D).
📊 Detailed Plan Information:
| Parameter | Details |
|---|---|
| Plan Number | 852 |
| Policy Type | Unit-Linked, Non-Participating, Individual Life Insurance |
| Minimum Premium | ₹25,000 annually or ₹2,500 monthly |
| Policy Term | 10 to 25 years |
| Fund Options | Bond Fund, Secured Fund, Balanced Fund, Growth Fund |
| Partial Withdrawals | Available after 5th policy year |
| Top-Up Premiums | Allowed during the policy term |
| Death Benefit | Higher of Basic Sum Assured, Fund Value, or 105% of premiums paid |
| Maturity Benefit | Fund Value at the end of the policy term |
| Settlement Option | Option to receive maturity proceeds in installments over a 5-year period |
| Tax Benefits | Available under Section 80C and Section 10(10D) |
📘 Example: How LIC SIIP Plan 852 Can Work for You
Let’s take the example of Ramu, a 30-year-old professional from Vijayawada, who decides to invest ₹50,000 annually in LIC’s SIIP Plan 852. He chooses the Growth Fund, which has the potential for high returns as it is primarily invested in equities. Ramu’s goal is long-term wealth accumulation for retirement.
Over the course of 10 years, Ramu’s investment grows as the market performs well. After the 5th year, Ramu faces a personal emergency and decides to withdraw ₹30,000. Thanks to the flexible withdrawal option, Ramu can access his accumulated fund value without penalties. At the end of the policy term, Ramu receives the full value of his investments along with the life cover benefits, ensuring both his financial needs and his family’s security are met.
👨👩👧👦 Who Should Consider LIC SIIP Plan 852?
- ✅ Individuals between the ages of 0 and 50, seeking a combination of insurance and investment.
- ✅ Those looking for flexible premium payments and a range of investment options tailored to their risk tolerance.
- ✅ Residents of Hyderabad, Guntur, Vijayawada, Warangal, and other parts of Telangana and Andhra Pradesh who want to build long-term wealth.
- ✅ Investors who are open to market-linked returns and understand the benefits of systematic investment.
📞 Contact Diwakar Cherukuwada – Your LIC Expert in Hyderabad
For detailed information on LIC SIIP Plan 852 and personalized guidance on how this plan can fit your financial goals, contact me today. I’ll help you choose the right funds and premiums for a secure and prosperous future.
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📧 Email: support@theinsuranceagency.in
🌐 Website: www.YOURDOMAIN.in/plan-852.html