LIC SIIP 752 (Systematic Investment Plan - Index Plus)
Plan Overview
LIC SIIP 752 is a unit-linked insurance plan (ULIP) that combines life insurance coverage with investment opportunities in equity and debt funds, with an additional option to invest in index funds.
Key Features:
- Type: Unit Linked Insurance Plan (ULIP)
- Premium Payment Term: 5 years (minimum)
- Policy Term: 10-25 years
- Minimum Age at Entry: 18 years
- Maximum Age at Entry: 65 years
- Sum Assured: Higher of 10 times annual premium or 105% of total premiums paid
- Investment Options: Equity, Debt, and Index Funds
- Partial Withdrawals: Allowed after 5 years
Investment Options
| Fund Type | Risk Profile | Suitable For |
|---|---|---|
| Equity Fund | High | Investors seeking long-term capital appreciation |
| Debt Fund | Low to Moderate | Conservative investors preferring stable returns |
| Index Fund | Moderate | Investors looking to match market index performance |
Benefits
Death Benefit:
Higher of:
- Sum Assured
- 105% of total premiums paid
- Fund Value
Maturity Benefit:
Fund Value at the end of the policy term
Tax Benefits:
- Premiums eligible for deduction under Section 80C
- Maturity proceeds tax-free under Section 10(10D) (subject to conditions)
Charges
| Charge Type | Description |
|---|---|
| Premium Allocation Charge | Percentage deducted from each premium before investment |
| Policy Administration Charge | Monthly charge for policy maintenance |
| Fund Management Charge | Annual charge for managing the investment funds |
| Mortality Charge | Cost of life insurance coverage |
Example Scenario
Policyholder: 35-year-old male
Annual Premium: ₹1,00,000
Premium Payment Term: 5 years
Policy Term: 15 years
Sum Assured: ₹10,00,000 (10 × annual premium)
Investment: 70% Equity Fund, 30% Debt Fund
Projected Value*: ₹25-30 lakhs at maturity (assuming 10-12% returns)
*Projections are illustrative and not guaranteed
Who Should Invest?
- Investors looking for long-term wealth creation with life cover
- Those who want flexibility to switch between funds
- Investors comfortable with market-linked returns
- Individuals seeking tax-efficient investment options
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