LIC’s Index Plus (Plan No. 873) is a Unit-Linked Insurance Product (ULIP) that combines life cover with index-linked investment exposure. ఇది ఆర్థిక లక్ష్యాల కోసం market-linked growth అవకాశాన్ని life-insurance_security తో జత చేస్తుంది — ముఖ్యంగా investorsకి, జిwho want index-based equity exposure through a regulated ULIP structure. :contentReference[oaicite:0]{index=0}
• Launch & availability: Plan launched in Feb 2024 and is listed among LIC’s unit-linked offerings. :contentReference[oaicite:1]{index=1}
• Fund choices: Offers index-linked fund options designed around major indices (e.g., NIFTY-based funds) so policyholders get structured exposure to index performance. :contentReference[oaicite:2]{index=2}
• Premium mode & term: Regular premium ULIP with monthly/quarterly/half-yearly/yearly payment choices; flexible policy terms per product brochure. :contentReference[oaicite:3]{index=3}
When you pay premium, units are allocated to the chosen fund(s). The fund value moves with the underlying index-linked portfolio (subject to market risk). The policy provides life cover during the term; on survival you receive the unit fund value (plus any plan-specific additions) while on death the nominee receives the death benefit as defined in the policy document. :contentReference[oaicite:4]{index=4}
• Fund choice: Policyholders can choose between the available index-oriented funds (e.g., NIFTY-50 or NIFTY-100 linked variants) and may be allowed limited fund switches per year. :contentReference[oaicite:5]{index=5}
• Partial withdrawals: Partial withdrawals are generally permitted after completion of the initial lock-in period (typically 5 years for ULIPs), subject to terms and conditions. :contentReference[oaicite:6]{index=6}
ULIPs carry explicit charges—premium allocation, fund management, mortality and policy administration fees—that reduce the net units allocated initially. ఈ ప్లాన్లో policy brochure ప్రకారం కొన్ని plan-specific additions (e.g., Guaranteed Additions as per annualised premium slabs) ఉంటే అవి units fund growthకు అదనంగా జోడించబడతాయి; వీటి వ్యూహం మరియు షెడ్యూల్ policy brochureలో వివరిస్తారు. :contentReference[oaicite:7]{index=7}
• Entry age, maximum maturity age, minimum premium limits and sum-assured multiple rules follow the product brochure—always verify exact eligibility before purchase. :contentReference[oaicite:8]{index=8}
• Lock-in: ULIP lock-in period is commonly five years (statutory) — withdrawals/partial withdrawals before that may be restricted. :contentReference[oaicite:9]{index=9}
• Free-look, grace period and surrender terms are standard ULIP features—refer to the official policy document for precise timelines and charges. :contentReference[oaicite:10]{index=10}
Pros:
• Index-linked exposure inside an insurance wrapper — suitable for investors seeking passive index returns with life cover.
• Flexibility of premium modes and partial withdrawals post lock-in. :contentReference[oaicite:11]{index=11}
Cons / Risks:
• Market risk applies — returns are not guaranteed and depend on index performance.
• ULIP charges (allocation & mortality) can be high in early years—longer holding period recommended to realise net benefit. :contentReference[oaicite:12]{index=12}
• Request the official sales brochure and personalised benefit illustration before you buy. :contentReference[oaicite:13]{index=13}
• Compare fund choices, fund management track record and total expense ratio. :contentReference[oaicite:14]{index=14}
• Understand surrender charges and the effect of early withdrawals on Guaranteed Additions (if any). :contentReference[oaicite:15]{index=15}
• Match ULIP horizon with your financial goal—ULIPs generally work better with medium-to-long term horizons (5+ years). :contentReference[oaicite:16]{index=16}
LIC’s Index Plus (Plan 873) is a focused ULIP option if you like index-based equity exposure together with life cover. It can be a good fit for investors seeking passive index returns and disciplined saving within an insurance product—provided you review charges, lock-in rules and fund mechanics carefully.
Action step: Download the LIC sales brochure / policy document, run a personalised illustration, and consult a licensed LIC advisor to confirm suitability for your goals. :contentReference[oaicite:17]{index=17}