LIC Protection Plus Plan 886

LIC Protection Plus Plan 886 is a modern Unit Linked Insurance Plan (ULIP) that combines life insurance coverage with market-linked investment opportunities. A key feature of this plan is the refund of mortality charges at maturity, which can improve the overall value received by long-term policyholders.

What is LIC Protection Plus Plan 886?

LIC Protection Plus Plan 886 is a non-participating, unit-linked individual savings plan that offers both life protection and investment growth through a range of fund options. The plan is available through LIC branches, agents, and LIC’s online platform.

It is designed for individuals seeking long-term financial protection while building wealth through investments in equity and debt-oriented funds.

Launch Date and Availability

LIC introduced Protection Plus Plan 886 on 3 December 2025. The plan remains available for purchase and is offered in both online and offline modes.

The policy is structured to support long-term financial goals such as retirement planning, wealth creation, and future family needs through flexible policy and premium payment terms.

Key Features of LIC Protection Plus Plan 886

• Combines life insurance protection with market-linked investments.
• Offers six fund options including Bond Fund, Secured Fund, Balanced Fund, Growth Fund, Flexi Growth Fund, and Flexi Smart Growth Fund.
• Refund of mortality charges at maturity, subject to policy conditions.
• Allows top-up premiums to increase investment value.
• Partial withdrawals permitted after the lock-in period.
• Free fund switching facility available within specified limits.
• Optional Accident Benefit Rider for additional protection.

Eligibility Criteria

The plan offers flexible entry conditions for a wide range of individuals.

Parameter	Minimum	Maximum
Entry Age	18 Years	65 Years
Maturity Age	75 Years	90 Years
Policy Term	10 Years	25 Years
Premium Paying Term	5 Years	15 Years
Annual Premium	₹3,000	No Limit
Sum Assured	5 Times Annual Premium	40 Times Annual Premium

Policy Term and Premium Paying Term Options

The available combinations include:

• 5-Year Premium Paying Term: 10, 15, 20, or 25-Year Policy Term
• 7-Year Premium Paying Term: 10, 15, 20, or 25-Year Policy Term
• 10-Year Premium Paying Term: 10, 15, 20, or 25-Year Policy Term
• 15-Year Premium Paying Term: 15, 20, or 25-Year Policy Term

Sum Assured and Premium Structure

The Basic Sum Assured is determined as a multiple of the annual premium.

• For individuals below 50 years of age, the minimum sum assured is generally 7 times the annualized premium.
• For individuals aged 50 years and above, the minimum sum assured is generally 5 times the annualized premium.
• Higher sum assured multiples are available subject to plan rules and underwriting requirements.

The plan also allows top-up investments. Every top-up premium creates an additional top-up sum assured, generally equal to 1.25 times the top-up amount.

Premium Payment Modes

Premiums can be paid through:

• Yearly
• Half-Yearly
• Quarterly
• Monthly (through approved electronic payment methods)

The minimum premium requirement varies depending on the selected payment mode.

Why Consider LIC Protection Plus Plan 886?

LIC Protection Plus Plan 886 may suit individuals who want:

• Long-term life insurance coverage.
• Market-linked investment growth.
• Flexibility in choosing investment funds.
• Top-up investment opportunities.
• Partial withdrawal facility after lock-in.
• Refund of mortality charges at maturity.
• Protection backed by LIC's established insurance network.

This combination of insurance protection, investment flexibility, and maturity benefits makes LIC Protection Plus Plan 886 a noteworthy ULIP option for long-term financial planning.

Investment Options Under LIC Protection Plus Plan 886

As a Unit Linked Insurance Plan (ULIP), LIC Protection Plus Plan 886 allows policyholders to invest premiums in different fund categories according to their risk tolerance and financial objectives.

The available fund options generally include:

• Bond Fund: Primarily invests in government securities and high-quality debt instruments, making it suitable for conservative investors seeking stability.
• Secured Fund: Focuses mainly on fixed-income investments with a limited equity exposure to balance risk and return.
• Balanced Fund: Maintains a mix of equity and debt investments to provide moderate growth with controlled risk.
• Growth Fund: Invests a larger portion in equities, aiming for higher long-term capital appreciation.
• Flexi Growth Fund: Equity-oriented fund designed for investors willing to accept higher market volatility for potentially higher returns.
• Flexi Smart Growth Fund: Invests predominantly in Nifty-based equity securities and is intended for long-term wealth creation.

Policyholders can distribute their premiums among these funds and may switch between funds during the policy term according to the switching rules specified by LIC.

Death Benefit

The death benefit under LIC Protection Plus Plan 886 is structured to provide comprehensive financial protection to the nominee.

In the event of the life assured’s death while the policy is in force, the nominee receives the highest of the following:

• Basic Sum Assured after adjustment for eligible partial withdrawals, if applicable.
• Current Fund Value of the base policy.
• 105% of the total premiums paid under the policy.

Where top-up premiums have been invested, additional benefits relating to top-up fund value and top-up sum assured may also be payable according to policy conditions.

Maturity Benefit and Mortality Charge Refund

If the policyholder survives until the end of the policy term and the policy remains active, the maturity benefit consists of:

• The accumulated Unit Fund Value on the maturity date.

An important feature of the plan is the refund of mortality charges. The mortality charges deducted throughout the policy term for life cover are returned at maturity, subject to policy conditions. This additional benefit enhances the overall maturity proceeds for long-term investors who continue the policy until maturity.

Charges Under LIC Protection Plus Plan 886

Like other ULIPs, LIC Protection Plus includes certain charges that influence the investment value over time.

Key charges generally include:

• Premium Allocation Charge: Deducted from premiums before investment, particularly during the initial policy years.
• Fund Management Charge: Charged for managing the selected investment funds and reflected in the Net Asset Value (NAV).
• Policy Administration Charge: Levied periodically for policy servicing and administration.
• Mortality Charge: Deducted for providing life insurance coverage and varies according to age and sum at risk.

These charges are considered when projecting future fund values and maturity benefits.

Partial Withdrawal and Top-Up Facilities

The plan offers flexibility through withdrawal and additional investment options.

Partial Withdrawals

• Available after completion of the mandatory lock-in period.
• Subject to minimum withdrawal limits and remaining fund value requirements.
• Useful for meeting financial needs without surrendering the policy.

Top-Up Premiums

• Additional investments can be made during the policy term, subject to plan rules.
• Top-up investments increase the fund value and may also create an additional top-up sum assured.
• Suitable for policyholders seeking enhanced investment growth opportunities.

LIC Protection Plus Plan 886 Calculator

The LIC Protection Plus Plan 886 Calculator is designed to help users estimate policy benefits based on different assumptions and inputs.

The calculator can assist in:

• Estimating premium requirements for a desired sum assured.
• Projecting future fund values based on assumed rates of return.
• Understanding maturity benefits and mortality charge refunds.
• Evaluating death benefit protection.
• Assessing the impact of fund selection, top-up premiums, and partial withdrawals.

By using the calculator, prospective and existing policyholders can better understand the financial outcomes associated with LIC Protection Plus Plan 886 and make more informed insurance and investment decisions.

Inputs Required in LIC Protection Plus Plan 886 Calculator

To generate premium and benefit estimates, the calculator generally requires the following details:

• Age, gender, and smoking status of the life assured.
• Selected Policy Term and Premium Paying Term (PPT).
• Desired Sum Assured or the premium amount you intend to pay.
• Premium payment frequency such as yearly, half-yearly, quarterly, or monthly.
• Preferred investment fund and expected return scenario, such as conservative, moderate, or aggressive.

Based on these inputs, the calculator estimates premiums, projected fund values, and policy benefits according to the applicable plan rules and charges.

Outputs Provided by the Calculator

After entering the required information, the calculator typically displays:

• Estimated premium required for the selected coverage and policy term.
• Projected maturity fund value under various assumed rates of return, such as 4% and 8%.
• Estimated death benefit values during different policy years.
• Illustrative breakdown of charges, fund growth, and unit accumulation.
• Impact of top-up investments and partial withdrawals on future benefits.

How to Use LIC Protection Plus Plan 886 Calculator

Step 1: Open a Trusted Calculator

Visit LIC’s official website or a reliable insurance portal that specifically supports LIC Protection Plus Plan 886 (UIN 512L361V01).

Step 2: Enter Personal Details

Provide information such as:

• Age
• Gender
• Smoking status

Some platforms may also request location-related details.

Step 3: Select Policy Options

Choose:

• Policy Term
• Premium Paying Term
• Premium payment mode

Step 4: Enter Premium or Sum Assured

Input either:

• The annual premium you wish to pay, or
• The amount of life cover you require

The calculator automatically computes the corresponding values.

Step 5: Select Investment Fund

Choose from available funds such as:

• Bond Fund
• Secured Fund
• Balanced Fund
• Growth Fund
• Flexi Growth Fund
• Flexi Smart Growth Fund

You may also select different return assumptions for comparison.

Step 6: Review Results

The calculator will display projected premiums, maturity values, fund growth estimates, and death benefits. You can modify inputs and compare multiple scenarios before making a decision.

Why Use the Calculator Before Investing?

Using the LIC Protection Plus Plan 886 Calculator helps:

• Match premium commitments with your budget.
• Understand projected returns after accounting for policy charges.
• Compare different policy terms and investment strategies.
• Assess whether the available life cover is sufficient for your family's needs.
• Make informed decisions without complex manual calculations.

Illustrative Example

Consider a 35-year-old non-smoker who selects:

• Policy Term: 20 Years
• Premium Paying Term: 10 Years
• Annual Premium: ₹1,00,000

Based on LIC's sum assured multiples, the life cover may be several times the annual premium, depending on eligibility and plan conditions.

The calculator then projects:

• Expected fund value under different market return assumptions.
• Estimated maturity proceeds including mortality charge refund.
• Death benefit payable during the policy term.

This allows the investor to evaluate whether the plan aligns with long-term goals such as retirement planning, children's education, or wealth creation.

Advantages of LIC Protection Plus Plan 886

• Combines life insurance protection with investment growth.
• Offers multiple fund choices across different risk levels.
• Refund of mortality charges at maturity enhances overall value.
• Supports top-up investments and partial withdrawals.
• Flexible premium paying term and policy term options.
• Suitable for long-term financial planning.

Limitations and Risks

Before investing, it is important to understand that:

• Returns are market-linked and not guaranteed.
• Investment performance depends on the selected funds.
• Various policy charges can impact overall returns.
• Frequent withdrawals or fund switches may reduce long-term growth potential.
• The plan is generally more suitable for investors with a long-term investment horizon and moderate risk tolerance.

Official Sources for Latest Information

For accurate and updated information regarding LIC Protection Plus Plan 886, always refer to:

• LIC's official product page.
• Official LIC brochures and policy documents.
• LIC press releases and customer information materials.
• Authorized LIC representatives and branches.

These sources provide the latest details regarding benefits, charges, eligibility conditions, and regulatory updates.

Frequently Asked Questions

What is LIC Protection Plus Plan 886?

LIC Protection Plus Plan 886 is a non-participating Unit Linked Insurance Plan (ULIP) that combines life insurance protection with market-linked investment opportunities. The plan is designed for individuals looking to build long-term wealth while maintaining life cover under a single policy.

Is LIC Protection Plus Plan 886 a ULIP?

Yes, LIC Protection Plus Plan 886 is a Unit Linked Insurance Plan (ULIP). Premiums are invested in various fund options such as Bond Fund, Secured Fund, Balanced Fund, Growth Fund, Flexi Growth Fund, and Flexi Smart Growth Fund. Since returns depend on market performance, they are not guaranteed.

What is the UIN of LIC Protection Plus Plan 886?

The Unique Identification Number (UIN) of LIC Protection Plus Plan 886 is 512L361V01. This identifier helps policyholders verify the plan while referring to official LIC documents, brochures, and calculators.

What are the minimum and maximum entry ages?

The plan generally allows entry from 18 years of age up to 65 years, subject to the selected policy term and premium paying term. The maximum maturity age can extend up to approximately 90 years, depending on the chosen policy configuration.

Important Points to Consider Before Using the Calculator

Before evaluating LIC Protection Plus Plan 886 through a calculator, it is advisable to:

• Clearly identify your financial objective, such as retirement planning, child education, wealth accumulation, or family protection.
• Compare multiple scenarios by changing premium amounts, policy terms, and fund selections.
• Review both conservative and optimistic return assumptions to understand possible outcomes.
• Consider comparing the ULIP structure with alternative strategies such as term insurance combined with mutual fund investments.
• Assess your ability to remain invested for the long term, since ULIPs are generally more effective when held until maturity.

Practical Guidance

Using the LIC Protection Plus Plan 886 Calculator can help estimate premiums, projected fund values, death benefits, and maturity proceeds under different market assumptions. However, since the plan is market-linked, actual returns may differ from illustrations shown by the calculator.

For the most accurate assessment, policyholders should review official LIC product documents and, if necessary, seek guidance from a qualified financial advisor before making an investment decision.

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