LIC SIIP (Unit Linked Plan)
Life Insurance Cover Combined with High Capital Growth Equity Funds
A unit-linked, non-participating plan offering life cover along with investment choices across 4 diversified fund types.
Investors seeking long-term equity capital appreciation along with life insurance cover and tax benefits.
Key Benefits & Protection Advantages
Eligibility & Policy Limits
| Eligibility Parameter | Official Rule / Limit |
|---|---|
| Minimum Entry Age | 90 Days Completed |
| Maximum Entry Age | 65 Years |
| Policy Term | 10 to 25 Years |
| Minimum Annual Premium | ₹40,000 (Yearly mode) |
Sample Payout Illustration
Illustrative ExampleMarket Value of Fund Units + Refund of Mortality Charges + Guaranteed Additions
Frequently Asked Questions about LIC SIIP (Unit Linked Plan)
Q1:Is there any lock-in period for ULIP plans?
Yes, as per IRDAI guidelines, ULIP plans have a mandatory 5-year lock-in period before partial withdrawal or surrender is permitted.
Information provided on this consultancy website is for general awareness, policy comparison, and educational purposes. Plan features, bonus additions, eligibility terms, and premiums are governed by official Life Insurance Corporation of India (LIC) product prospectuses and sales brochures. This is an independent insurance agent consultancy website and does not claim to be the official corporate web portal of LIC of India. Policyholders are advised to read official policy documents carefully before finalizing insurance contracts.
Request Quote & Brochure
Get an official premium calculation table for LIC SIIP (Unit Linked Plan) directly from Senior Advisor Satrughan Thakur.