LIC Introduces New Investment Plan: LIC Index Plus Plan

Life Insurance Corporation of India (LIC) has unveiled its latest offering, the LIC Index Plus Plan, designed to combine life insurance coverage with investment opportunities in the share market.

This plan caters to individuals seeking long-term financial security through regular premium payments.

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Key Features:

Lock-in Period:

The policy comes with a lock-in period of 5 years, during which the invested amount remains untouched.

Partial Withdrawal Option:

Following the initial lock-in period, policyholders have the flexibility to make partial withdrawals from their units, subject to specific conditions.

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Additionally, LIC guarantees extra money, determined as a percentage of the annual premium, which is added to the unit fund after the completion of the lock-in period.

Eligibility and Rules:

Age Criteria:

Individuals must be at least 90 days old to qualify for the insurance scheme, with the maximum entry age varying between 50 and 60 years depending on the sum assured. The basic sum assured ranges from 7 to 10 times the annual premium.

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Premium Amount:

Premium payments are based on the policyholder’s age and offer a range of payment frequencies, including annual, half-yearly, quarterly, and monthly options through NACH.

There is no maximum premium limit, offering policyholders flexibility in choosing payment periods and amounts.

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Premium Investment Options:

Fund Selection:

Policyholders can opt for either the Flexi Growth Fund or the Flexi Smart Growth Fund for premium investment.

These funds primarily invest in selected stocks from the NSE Nifty 100 index or NSE Nifty50 index.


The choice between these funds provides investors with the flexibility to align with their investment objectives.

LIC’s latest offering aims to provide individuals with a comprehensive solution for both insurance coverage and wealth accumulation, leveraging the potential of the share market while ensuring financial security for the future.



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