The LIC Money Plus Plan 180 is a unit-linked insurance product that combines life insurance protection with market-linked investment opportunities. The plan allows policyholders to invest their premiums in different funds and build a corpus over the selected policy period. An LIC Money Plus Plan 180 Calculator can help existing policyholders estimate premiums, fund value, maturity benefits, and other policy-related figures.

What is LIC Money Plus Plan 180?

LIC Money Plus Plan 180 is a unit-linked endowment insurance plan (ULIP) that provides life cover while allowing the premium to be invested in market-linked funds.

Depending on the fund selected, premiums can be invested in options such as:

• Bond Fund
• Secured Fund
• Balanced Fund
• Growth Fund

The returns are linked to the performance of the selected funds. At the end of the policy term, the policyholder receives the applicable fund value, along with any additions that may be payable under the policy. A death benefit is also available if the life assured dies during the policy period.

Launch Date and Current Status

LIC Money Plus Plan 180 was introduced on 20 December 2006. The available information describes the plan as withdrawn or discontinued for new business, while policies that were already issued continue according to their original terms.

For existing policyholders, the original policy conditions continue to govern important matters such as maturity, surrender, and partial withdrawals.

Important Dates

• Launch Date: 20 December 2006
• New Business Status: Withdrawn/discontinued for new sales
• Existing Policies: Continue according to their applicable policy terms

Key Features of LIC Money Plus Plan 180

1. Unit-Linked Insurance Plan

Money Plus 180 is structured as a ULIP with an endowment-style format. It combines life insurance protection with investment in market-linked funds.

2. Policy Term and Age Eligibility

The plan has the following broad age and term limits:

• Policy term: 5 to 20 years
• Entry age: 0 to 65 years
• Maturity age: 18 to 75 years

The applicable age is considered according to the plan’s age calculation rules.

3. Premium Payment Modes

Policyholders can choose between regular and single-premium payment options.

Regular premiums can generally be paid:

• Yearly
• Half-yearly
• Quarterly

Alternatively, the premium can be paid as a single lump-sum amount.

The minimum regular premium is approximately ₹5,000 per year, while the minimum single-premium amount is higher.

Sum Assured Limits

The sum assured depends on the premium amount, age, and payment type.

For regular-premium policies:

• Minimum sum assured is the higher of 5 times the annual premium or half of the policy term multiplied by the annual premium.
• The maximum is generally 20 times the annual premium for entry ages up to 55 years.
• For entry ages of 56 years and above, the maximum is generally 10 times the annual premium.

For single-premium policies:

• Minimum sum assured is approximately 1.25 times the single premium.
• The maximum can be around 5 times the single premium, depending on applicable conditions.

Fund Options Under LIC Money Plus 180

LIC Money Plus 180 provides multiple fund choices so policyholders can select an investment option based on their risk preference.

Bond Fund

The Bond Fund primarily invests in debt and fixed-income instruments. It is comparatively conservative and generally has lower volatility.

Secured Fund

The Secured Fund follows a relatively conservative investment approach and focuses more on stable investments.

Balanced Fund

The Balanced Fund combines debt and equity investments, offering a middle ground between risk and potential returns.

Growth Fund

The Growth Fund has greater exposure to equity and market-linked assets. It carries higher market risk but may provide greater long-term growth potential.

Subject to the applicable policy rules, policyholders may also be able to switch between available funds during the policy term.

How Does the LIC Money Plus Plan 180 Calculator Work?

The LIC Money Plus Plan 180 Calculator is designed to provide an estimate of the premium, projected fund value, and maturity benefit based on information entered by the user.

A typical calculator may ask for:

• Age at policy entry
• Premium payment mode
• Policy term
• Sum assured
• Selected fund
• Assumed annual return

The calculator then uses these inputs to estimate the premium requirement and potential fund value over the policy period.

Depending on its features, it may display the projected fund value at different stages, such as the 5th, 10th, 15th, and 20th policy years.

Sample Calculation

Consider the following example:

• Age: 35 years
• Policy Term: 20 years
• Premium Mode: Yearly
• Sum Assured: ₹5 lakh
• Fund: Balanced Fund

An illustrative calculator could show approximately:

• Annual premium: ₹25,000–₹30,000
• Fund value after 5 years: ₹1.5–₹1.8 lakh
• Fund value after 10 years: ₹4–₹5 lakh
• Estimated value after 20 years: ₹10–₹13 lakh

These figures are only illustrations. Actual results can vary depending on the applicable charges, NAV, investment performance, and assumptions used by the calculator.

Users can also change the inputs to compare different scenarios, such as selecting Growth instead of Balanced Fund, increasing the sum assured, or extending the policy term.

Partial Withdrawal Facility

One of the important features of LIC Money Plus 180 is the facility for partial withdrawals from the accumulated fund, subject to the policy conditions.

Generally, partial withdrawal becomes available after completing 3 policy years. For a minor life assured, withdrawal is allowed only from the policy anniversary that coincides with or follows the date on which the life assured reaches 18 years of age.

When a withdrawal is made:

• The required number of units is cancelled based on the prevailing NAV.
• The basic sum assured is reduced by the withdrawal amount for 2 years.
• After the specified period, the original sum assured can be restored according to the policy conditions.

Minimum Fund Balance After Withdrawal

Certain minimum-balance requirements need to be maintained after making a partial withdrawal.

For regular-premium policies:

• The remaining fund value should generally be at least twice the annual premium.

For single-premium policies:

• The remaining fund value should generally be at least ₹5,000.

If a withdrawal would take the fund below the required minimum, the withdrawal may not be permitted under the applicable conditions.

Surrender Facility

Apart from partial withdrawals, policyholders may also surrender the policy and receive the applicable surrender value.

The available information states that:

• Surrender value becomes payable after 3 completed policy years.
• If the policy is surrendered before 3 years, the value is calculated but payment is made after completion of the required period.
• After 3 years, the surrender value is generally linked to the applicable fund value, subject to the policy terms and charges.

In simple terms, the third policy year is an important milestone because partial withdrawals and surrender become available subject to the applicable conditions.

LIC Money Plus Plan 180 – Quick Summary

Feature	Details
Plan Type	Unit-linked endowment plan (ULIP)
Launch Date	20 December 2006
New Sales	Withdrawn/discontinued
Entry Age	0 to 65 years
Maturity Age	18 to 75 years
Policy Term	5 to 20 years
Premium Modes	Yearly, Half-yearly, Quarterly, Single
Minimum Regular Premium	Around ₹5,000 per year
Fund Options	Bond, Secured, Balanced, Growth
Partial Withdrawal	Available after 3 policy years, subject to conditions
Surrender	Available after 3 policy years
Loan Facility	Not available

Frequently Asked Questions

What is LIC Money Plus Plan 180?

It is a unit-linked endowment insurance plan that combines life insurance protection with investment in market-linked funds such as Bond, Secured, Balanced, and Growth Funds.

When was LIC Money Plus Plan 180 launched?

The plan was launched on 20 December 2006.

Can I purchase Money Plus Plan 180 today?

No. The plan is listed as withdrawn or discontinued for new business. However, existing policies continue according to their applicable terms.

What is the minimum policy term?

The minimum policy term is 5 years, while the maximum is 20 years.

What is the eligible entry age?

The stated entry-age range is 0 to 65 years.

Are partial withdrawals charged?

The provided information states that LIC does not impose an additional charge for partial withdrawals; instead, the required amount is deducted by cancelling units at the prevailing NAV.

Conclusion

LIC Money Plus Plan 180 combines life insurance with market-linked investment through a range of fund options. Introduced on 20 December 2006, the plan is now listed as withdrawn or discontinued for new business, while existing policyholders continue under the applicable policy conditions.

The LIC Money Plus Plan 180 Calculator can make it easier to estimate premium requirements, projected fund values, and maturity benefits by adjusting factors such as age, policy term, sum assured, and fund selection. This can help existing policyholders better understand their policy and evaluate different investment scenarios.

Note: All images and videos used on this website are sourced from Google or YouTube. If you have any issues regarding any image or video, please contact us via email through our official website.

If you find any problem with this post or wish to request its removal, please contact us through:
https://licpolicycalculator.in/contact-us