LIC Flexi Plus Plan 811 | Best for life cover with market-linked investment opportunities

LIC Flexi Plus Plan 811 Calculator

When planning for long-term financial security, it is important to choose a policy that offers both insurance protection and investment growth. LIC Flexi Plus Plan 811 was a Unit Linked Insurance Plan (ULIP) that combined life cover with market-linked investment opportunities, helping policyholders build wealth while protecting their families.

What is LIC Flexi Plus Plan 811?

LIC Flexi Plus Plan 811 (UIN: 512L272V01) was launched by LIC on 2 January 2013 as a regular premium ULIP. The plan provided life insurance protection along with the opportunity to invest in market-linked funds. Policyholders could choose investment options according to their financial goals and risk tolerance. The plan was later withdrawn from sale on 16 November 2013, although existing policies continue under their original terms.

Launch and Withdrawal Details

Particular	Details
Plan Name	LIC Flexi Plus Plan 811
UIN	512L272V01
Launch Date	2 January 2013
Withdrawal Date	16 November 2013
Plan Type	Unit Linked Insurance Plan (ULIP)
Premium Type	Regular Premium

Key Features of LIC Flexi Plus Plan 811

• Combination of life insurance protection and market-linked investment.
• Flexible policy term selection.
• Multiple premium payment modes including yearly, half-yearly, quarterly, and monthly (ECS).
• Choice between two investment funds based on risk preference.
• Facility to switch between funds up to four times in a policy year without charge.
• Partial withdrawal facility available after completion of five policy years.
• Market-linked returns based on fund performance.
• Death and maturity benefits under the same policy.

Eligibility Criteria

Criteria	Minimum	Maximum
Entry Age	18 Years	50 Years
Maturity Age	—	60 Years
Policy Term	10 Years	20 Years
Premium Mode	Monthly, Quarterly, Half-Yearly, Yearly	—

Fund Options Available

LIC Flexi Plus offered two investment fund choices:

Debt Fund

• Primarily invested in debt and fixed-income securities.
• Suitable for conservative investors seeking lower risk.

Mixed Fund

• Invested in a combination of equity and debt instruments.
• Suitable for investors looking for balanced growth and moderate risk.

Policyholders could switch between these funds based on market conditions and investment objectives. Four switches every policy year were available free of charge.

Benefits Under LIC Flexi Plus Plan 811

Death Benefit

In case of death during the policy term while the policy remained in force:

• An immediate lump-sum amount equal to the Sum Assured was paid to the nominee.
• Future premiums payable after the date of death were credited to the policy fund through unit allocation.
• The accumulated fund value remained invested and was payable at maturity to the nominee or legal heir.

Maturity Benefit

If the life assured survived until maturity, the policyholder received the total Policyholder’s Fund Value based on the prevailing Net Asset Value (NAV) of the units held.

Partial Withdrawal Facility

• Available after completion of five policy years.
• Withdrawals could be made either as a fixed amount or a specified number of units.
• Subject to maintaining the minimum required balance in the policy fund.

Surrender Benefit

The policy could be surrendered during the policy term.

• After five policy years, the full fund value became payable without discontinuance charges.
• Before completion of five years, applicable discontinuance charges were deducted and the balance was transferred to the discontinued policy fund as per LIC rules.

How LIC Flexi Plus Plan 811 Calculator Works

The LIC Flexi Plus Calculator helps estimate premiums, fund values, maturity benefits, and death benefits based on various inputs.

Required Inputs

• Age of the life assured
• Annual premium amount
• Policy term
• Premium payment frequency
• Selected fund type (Debt Fund or Mixed Fund)

Calculator Outputs

• Annual premium details
• Estimated fund value
• Projected maturity benefit
• Death benefit estimate
• Total premium payable during the policy term
• Sum Assured calculations

Steps to Use LIC Flexi Plus Plan 811 Calculator

1. Enter your age at policy entry.
2. Select the policy term.
3. Enter the premium amount.
4. Choose the preferred premium payment mode.
5. Select the investment fund option.
6. Click on Calculate.
7. Review the projected premium, fund value, maturity benefit, and death benefit.

Advantages of LIC Flexi Plus Plan 811

• Life insurance and investment combined in a single plan.
• Flexibility to choose investment funds.
• Free fund-switching facility.
• Partial withdrawals after five years.
• Long-term wealth creation potential through market-linked returns.
• Multiple premium payment options.

Limitations of the Plan

• Returns depended entirely on market performance.
• Investment risk was borne by the policyholder.
• No loan facility was available under the policy.
• Premiums needed to be paid regularly to maintain coverage.
• The plan was withdrawn from sale in November 2013.

Frequently Asked Questions

What is LIC Flexi Plus Plan 811?

LIC Flexi Plus Plan 811 was a unit-linked insurance plan that combined life insurance protection with market-linked investment opportunities.

When was LIC Flexi Plus Plan 811 launched?

The plan was launched on 2 January 2013.

Is LIC Flexi Plus Plan 811 available today?

No. LIC withdrew the plan from sale on 16 November 2013. Existing policyholders continue to receive benefits according to policy terms.

What fund options were available?

The plan offered Debt Fund and Mixed Fund investment options.

Is partial withdrawal allowed?

Yes. Partial withdrawals are available after completion of five policy years, subject to policy conditions.

Conclusion

LIC Flexi Plus Plan 811 was a market-linked insurance solution that provided both life cover and investment growth opportunities through flexible fund options. Although the plan is no longer available for new purchases, it remains relevant for existing policyholders who want to track fund performance, estimate maturity benefits, and understand policy values using the LIC Flexi Plus Plan 811 Calculator.

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