Plan Features
LIC's Index Plus(873)
Product Summary
LIC's Index Plus(873) is a Regular Premium, Unit Linked plan which offers insurance cum investment during the term of the policy. Policy holder can decide the fund in which the amount is invested based on his risk apetite.Basic sum assured will be 10 times annual premium.
Premium Payment Mode
Regular Premium(Yearly, Half Yearly, Quartery monthly and SSS mode)
Annuity Mode
-
Optional Benefits
-
Term
10 to 25 years
Premium Paying Term
-
Minimum Age at Entry
90 days complete
Maximum Age at Entry
60 years
Annuity Options
-
Minimum Purchase Price
-
Deferment Period
-
Joint Annuity
-
Maximum Cover Ceasing Age
-
Maturity Age
-
Sum Assured
Annualised premium 30,000 if term is 15 and avobe and 48,000 nelow 15 years.
Maturity Benefit
-
Death Benefit
-
Minimum Basic Sum Assured
-
Minimum age at the end of Premium Paying Term
-
Maximum Maturity Age
85 years(Last birth day)
Minimum Premium
Regular Premium [Yearly - 30,000, Half Yearly - 15,000, Quarterly -7,500, Monthly -.2,500]
Maximum Premium
No limit (Subject to other conditions)
Minimum Basic Sum Assured
-
Sum Assured on Death
-
Minimum Sum Assured
-
Maximum Sum Assured
-
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Yes
Double Accidental benefit (DAB)
available
Policy Benefits
On Death
In case of an inforce policy:Higher of the (1)Unit fund value as on the date of intimation of death (2) Assured death benefit of 105% of the total premium received upto the date of death, reduced by partial withdrawals made during 2 year period immediatedly preceding the death of life assured.
On Survival
Unit fund value is paid on policy holder surviving the term of the policy which has to be utilized for purchasing a pension plan. Commutation facility can be availed if needed up to 60% of the fund value.
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option
-
Multiple Allowed
-
Surrender Value
Fund value available at the date of surrender(if surrendered after the lock in period)
Loan
No loan facility available
Income Tax Benefit
LIC will intimate soon if available
Proposal Form
Special proposal form applicable
| Product Summary | LIC's Index Plus(873) is a Regular Premium, Unit Linked plan which offers insurance cum investment during the term of the policy. Policy holder can decide the fund in which the amount is invested based on his risk apetite.Basic sum assured will be 10 times annual premium. |
|---|---|
| Premium Payment Mode | Regular Premium(Yearly, Half Yearly, Quartery monthly and SSS mode) |
| Annuity Mode | - |
| Optional Benefits | - |
| Term | 10 to 25 years |
| Premium Paying Term | - |
| Minimum Age at Entry | 90 days complete |
| Maximum Age at Entry | 60 years |
| Annuity Options | - |
| Minimum Purchase Price | - |
| Deferment Period | - |
| Joint Annuity | - |
| Maximum Cover Ceasing Age | - |
| Maturity Age | - |
| Sum Assured | Annualised premium 30,000 if term is 15 and avobe and 48,000 nelow 15 years. |
| Maturity Benefit | - |
| Death Benefit | - |
| Minimum Basic Sum Assured | - |
| Minimum age at the end of Premium Paying Term | - | Maximum Maturity Age | 85 years(Last birth day) |
| Minimum Premium | Regular Premium [Yearly - 30,000, Half Yearly - 15,000, Quarterly -7,500, Monthly -.2,500] |
| Maximum Premium | No limit (Subject to other conditions) |
| Minimum Basic Sum Assured | - |
| Sum Assured on Death | - |
| Minimum Sum Assured | - |
| Maximum Sum Assured | - |
| Guaranteed Additions | - |
| Survival Benefits | - |
| Riders Available | Yes |
| Double Accidental benefit (DAB) | available |
| On Death | In case of an inforce policy:Higher of the (1)Unit fund value as on the date of intimation of death (2) Assured death benefit of 105% of the total premium received upto the date of death, reduced by partial withdrawals made during 2 year period immediatedly preceding the death of life assured. |
|---|---|
| On Survival | Unit fund value is paid on policy holder surviving the term of the policy which has to be utilized for purchasing a pension plan. Commutation facility can be availed if needed up to 60% of the fund value. |
| On detection of Early Stage Cancer | - |
| On detection of Major Stage Cancer | - |
| Settlement Option | - |
| Multiple Allowed | - |
| Surrender Value | Fund value available at the date of surrender(if surrendered after the lock in period) |
| Loan | No loan facility available |
| Income Tax Benefit | LIC will intimate soon if available |
| Proposal Form | Special proposal form applicable |
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