LIC SIIP Plan 752 Calculator
Illustrative Results
| Annual Premium | |
| Basic Sum Assured | |
| Estimated Fund Value @8% | |
| Guaranteed Additions | |
| Mortality Charge Refund | |
| Estimated Maturity Value | |
| Illustrative Death Benefit |
LIC SIIP Plan 752 Overview
LIC SIIP Plan 752 is a unit-linked insurance plan (ULIP) that combines life insurance protection with market-linked investment opportunities. Under this plan, a portion of the premium provides life cover, while the remaining amount is invested in funds selected by the policyholder, helping create long-term wealth while maintaining insurance protection.
What is LIC SIIP Plan 752?
LIC SIIP (Systematic Investment Insurance Plan) 752 is a non-participating unit-linked life insurance policy. It is designed for individuals seeking both life cover and investment growth through professionally managed funds.
Premiums paid under the plan are allocated toward life insurance coverage and investment units. The value of the investment component depends on the performance of the selected funds and their Net Asset Value (NAV).
Key Features of LIC SIIP Plan 752
Multiple Fund Options
Policyholders can choose from four investment funds based on their risk profile:
- Bond Fund – Primarily invests in debt instruments for stability.
- Secure Fund – Focuses on lower-risk investments with steady returns.
- Balanced Fund – Mix of equity and debt investments for balanced growth.
- Growth Fund – Higher equity exposure aimed at long-term capital appreciation.
Guaranteed Additions
Guaranteed additions are credited at specified policy durations, such as the 6th, 10th, 15th, 20th, and 25th policy years. These additions are converted into units at the prevailing NAV.
Fund Switching Facility
Policyholders can switch between available funds according to changing investment objectives.
- Up to 4 switches per policy year are generally available without charge.
- Additional switches may attract a nominal fee.
Partial Withdrawal Facility
Partial withdrawals are permitted after completion of the lock-in period, subject to policy conditions and minimum fund value requirements.
Settlement Option
Maturity proceeds or death benefits may be received either as a lump sum or through installments over a specified period, as per policy provisions.
Eligibility Criteria
| Criteria | Minimum | Maximum |
|---|---|---|
| Entry Age | 90 Days | 65 Years |
| Maturity Age | 18 Years | 85 Years |
| Policy Term | 10 Years | 25 Years |
| Annual Premium | Approx. ₹42,000 | No Upper Limit |
Sum Assured
The Basic Sum Assured generally depends on the age at entry:
- 10 times the Annualized Premium for individuals below 55 years.
- 7 times the Annualized Premium for individuals aged 55 years and above.
Premium Payment Modes
The plan offers multiple premium payment frequencies:
- Yearly
- Half-Yearly
- Quarterly
- Monthly
The premium paying term is equal to the selected policy term.
Charges Under LIC SIIP Plan 752
Like most ULIPs, various charges are deducted from premiums and fund values, including:
- Premium Allocation Charge
- Policy Administration Charge
- Fund Management Charge
- Mortality Charge
- Discontinuance/Surrender Charge (where applicable)
Fund Management Charges are deducted periodically from the fund value, while mortality charges depend on age and risk cover.
LIC SIIP Plan 752 Calculator
The LIC SIIP Plan 752 Calculator helps estimate:
- Premium payable
- Fund value projections
- Expected maturity value
- Death benefit estimates
- Impact of different fund selections
- Long-term investment growth scenarios
Inputs Required in the Calculator
To calculate projected benefits, users typically need to enter:
- Age at entry
- Annual premium amount
- Policy term
- Premium payment frequency
- Selected fund option
- Expected rate of return
Outputs Generated
The calculator generally provides:
- Estimated fund value
- Projected maturity benefit
- Death benefit illustration
- Total premiums paid
- Fund growth projections at different return assumptions
This allows policyholders to compare investment strategies and understand the long-term potential of the policy before making a purchase decision.
Investment Funds Under LIC SIIP Plan 752
LIC SIIP Plan 752 offers four investment fund options, allowing policyholders to invest according to their financial objectives and risk tolerance.
| Fund Name | Equity Allocation | Debt Allocation | Money Market Allocation | Investment Objective | Risk Profile |
|---|---|---|---|---|---|
| Secure Fund | 0% – 40% | 45% – 85% | 15% – 55% | Stable income generation | Low to Moderate |
| Balanced Fund | 30% – 70% | 30% – 70% | 0% – 40% | Balanced growth and income | Moderate |
| Growth Fund | 51% – 85% | 15% – 45% | 0% – 30% | Long-term capital appreciation | Moderate to High |
| Bond Fund | 0% | 100% | 0% | Capital preservation and stability | Low |
Policyholders can switch between available funds within the permitted limits. The funds invest in a combination of equities, debt securities, and money market instruments to provide diversification. Fund performance depends on market conditions and future returns are not guaranteed.
Benefits of LIC SIIP Plan 752
Maturity Benefit
If the life assured survives until the end of the policy term, the total fund value accumulated under the policy, along with applicable guaranteed additions, becomes payable. The benefit may be received as a lump sum or through installment options as permitted under the policy.
Death Benefit
In the event of the policyholder’s death during the policy term, the nominee receives the highest of the following:
- Basic Sum Assured adjusted for eligible partial withdrawals.
- Unit Fund Value available under the policy.
- 105% of total premiums paid after considering applicable withdrawals.
This structure ensures financial protection for the policyholder’s family.
Additional Benefits
- Guaranteed additions are credited at specified policy milestones.
- Partial withdrawals are allowed after completion of the lock-in period, subject to policy conditions.
- Optional riders may be available for enhanced protection against accidental death or critical illness.
Charges Under LIC SIIP Plan 752
The plan includes various charges that affect the investment value:
- Premium Allocation Charges
- Policy Administration Charges
- Fund Management Charges
- Mortality Charges
- Fund Switching Charges beyond free switches
- Discontinuance or Surrender Charges, where applicable
Mortality charges are generally refunded at maturity according to policy provisions, while fund management charges are deducted periodically from the fund value.
Illustrative Return Projection
For example, a policyholder aged 35 years choosing:
- Annual Premium: ₹1,00,000
- Policy Term: 15 Years
may receive a projected maturity value based on assumed fund growth rates and guaranteed additions. Actual maturity proceeds depend entirely on fund performance, applicable charges, and policy conditions.
Advantages of LIC SIIP Plan 752
- Combination of life insurance and market-linked investment.
- Choice of multiple investment funds.
- Facility to switch funds based on changing financial goals.
- Guaranteed additions at specified intervals.
- Tax benefits under applicable income tax provisions.
- Backed by LIC’s established insurance network.
Limitations
- Returns are market-linked and not guaranteed.
- Investment performance depends on fund NAV movement.
- Various charges reduce the investible premium amount.
- Lock-in period restricts early access to funds.
- Suitable primarily for long-term financial planning.
Tax Benefits
Premiums paid under LIC SIIP Plan 752 may qualify for deduction under applicable provisions of the Income Tax Act. Death and maturity benefits may also be eligible for tax exemptions subject to prevailing tax laws and conditions.
Suitability
LIC SIIP Plan 752 may be suitable for:
- Individuals seeking both insurance and investment benefits.
- Long-term investors planning for retirement or children’s future needs.
- Policyholders comfortable with moderate market-linked risk.
- Investors looking for flexibility through multiple fund options and switching facilities.
Frequently Asked Questions
What is LIC SIIP Plan 752?
LIC SIIP Plan 752 is a unit-linked insurance plan that combines life insurance protection with market-linked investment opportunities. A portion of the premium provides life cover, while the remaining amount is invested in selected funds such as Secure Fund, Balanced Fund, Growth Fund, or Bond Fund.
Who is eligible to purchase LIC SIIP Plan 752?
The plan is available for individuals from 90 days of age up to 65 years, subject to the applicable policy conditions. The policy term ranges from 10 to 25 years, making it suitable for long-term financial planning.
What are the minimum premium requirements?
The minimum premium amounts are:
- Yearly: ₹42,000
- Half-Yearly: ₹21,000
- Quarterly: ₹10,500
- Monthly: ₹3,500 (through approved electronic payment modes)
Premiums are generally accepted in multiples of ₹1,000, except for monthly mode requirements.
What benefits are payable on maturity?
On survival until the end of the policy term, the policyholder receives the accumulated Unit Fund Value along with applicable Guaranteed Additions and eligible mortality charge refunds as per policy provisions. The benefit may be taken as a lump sum or through installment options, where available.
Can money be withdrawn before maturity?
Yes. Partial withdrawals are permitted after completion of the five-year lock-in period, subject to the conditions and limits specified under the policy. These withdrawals are designed to ensure that adequate death benefit protection remains available.
Conclusion
LIC SIIP Plan 752 (UIN 512N207V01) is a unit-linked insurance plan that offers the dual advantage of life insurance protection and market-linked wealth creation. With multiple fund choices, guaranteed additions, flexible switching options, and long-term investment potential, the plan can be suitable for individuals seeking both financial security and growth opportunities. Prospective investors should review the policy features carefully and assess their financial objectives before making an investment decision.
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