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ULIP PlansPlan 752NRI Eligible

LIC SIIP (Systematic Investment Insurance Plan)

SIP-like investment with life insurance cover

What is LIC SIIP (Systematic Investment Insurance Plan)?

LIC SIIP (Systematic Investment Insurance Plan) (Plan 752, UIN 512L334V02) is a unit linked (ULIP) plan from Life Insurance Corporation of India. Returns come from the performance of the funds your premium is invested in, not from declared bonuses, so the maturity value moves with the market.

Premiums are paid for a shorter period than the policy runs, so the cover continues after you have finished paying. If the policyholder dies during the term, the nominee receives: Higher of fund value or Sum Assured. On surviving the full term, the policyholder gets: Fund value at maturity.

It suits people looking for wealth creation, market-linked returns and long-term investment. NRIs can buy this plan too.

Key Highlights

Invest like SIP with monthly premiums
Choose between equity, debt, or balanced funds
Life cover + investment in one plan
Switch between funds as market changes

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Higher of fund value or Sum Assured

When the Plan Matures (Maturity Benefit)

Fund value at maturity

Eligibility & Details

Minimum Entry Age18 years (completed)
Maximum Entry Age55 years
Minimum Sum Assured₹7,00,000
Policy Term10, 15, 20, 25 years
Premium Paying Term5, 7, 10 years
Bonus Typenone
Risk Levelhigh
NRI EligibleYes

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity may be tax-free under 10(10D)

Premium Rates (Indicative)

Age10 years15 years20 years25 years
25 yrs₹42,000₹42,000₹42,000₹42,000
35 yrs₹42,000₹42,000₹42,000₹42,000
45 yrs₹42,000₹42,000₹42,000₹42,000
55 yrs₹42,000₹42,000₹42,000-

VERIFIED from official LIC Sales Brochure (effective 22/09/2025). ULIP plan with flexible premium. Minimum premium ₹42,000/year. BSA = 10x annualized premium (age 0-54) or 7x (age 55-65). 4 fund options: Bond (Low), Secured (Lower-Medium), Balanced (Medium), Growth (High). Guaranteed Additions: 5% at year 6, 10% at year 10, 15% at year 15, 20% at year 20, 25% at year 25. 5-year lock-in. Returns depend on fund performance.

Source: LIC Official Sales Brochure | Data last verified: 21 March 2026

Example: What You Could Get

Select a plan with available rates to see an illustration.

Maturity Benefit Illustration
Estimated

What you pay vs what you could receive (conservative estimate with assumed bonus rate of ~Rs.48-60 per Rs.1,000 SA per year)

Age 25396% return
You Pay: 4.41 L
x
You Get: 17.47 L
x
Age 30396% return
You Pay: 4.41 L
x
You Get: 17.47 L
x
Age 35396% return
You Pay: 4.41 L
x
You Get: 17.47 L
x
Age 40396% return
You Pay: 4.41 L
x
You Get: 17.47 L
x
Entry AgeAnnual PremiumTotal You PayEst. MaturityReturn
25 yrs₹63,0004.41 L17.47 L396%
30 yrs₹63,0004.41 L17.47 L396%
35 yrs₹63,0004.41 L17.47 L396%
40 yrs₹63,0004.41 L17.47 L396%

Sum Assured: ₹7,00,000 | Term: 20years | Bonus assumption: ~Rs.48-60 per Rs.1,000 SA per year (conservative). Actual maturity depends on LIC's declared bonus rates. This is for illustration only. Please consult your insurance advisor for accurate projections.

Who is This Plan Best For?

wealth creationmarket-linked returnslong-term investment

Frequently Asked Questions

What is LIC SIIP (Systematic Investment Insurance Plan) (Plan 752)?

LIC SIIP (Systematic Investment Insurance Plan) is a ulip plans plan from Life Insurance Corporation of India. SIP-like investment with life insurance cover.

What is the eligibility age for LIC SIIP (Systematic Investment Insurance Plan)?

Entry age is between 18 and 55 years. Policy term: 10 to 25 years. Premium paying term: 5 to 10 years.

What is the minimum sum assured for LIC SIIP (Systematic Investment Insurance Plan)?

Minimum sum assured is ₹7,00,000. There is no upper limit on sum assured.

What are the tax benefits of LIC SIIP (Systematic Investment Insurance Plan)?

Section 80C deduction on premiums. Maturity may be tax-free under 10(10D).

Is LIC SIIP (Systematic Investment Insurance Plan) available for NRIs?

Yes. LIC SIIP (Systematic Investment Insurance Plan) is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC SIIP (Systematic Investment Insurance Plan)?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

Interested in SIIP (Systematic Investment Insurance Plan)?

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