LIC Unit Linked Plan Calculators

Explore LIC Unit Linked Plans and calculate premium, maturity amount, surrender value, survival benefit, pension, or policy benefits based on the selected plan.

LIC’s Index Plus

A unit-linked insurance plan designed to combine life cover with market-linked fund value growth linked to selected investment options.

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LIC’s Nivesh Plus

A single-premium unit-linked plan that offers insurance protection along with exposure to chosen investment fund options.

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LIC’s SIIP

A systematic investment-oriented insurance plan that supports regular premium contributions with life insurance cover and fund selection.

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LIC’s Protection Plus

A unit-linked protection plan focused on providing life insurance coverage with investment-linked fund value under applicable policy terms.

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LIC Unit Linked Plan Calculator is a useful online tool for estimating the possible fund value, maturity benefit, life cover and premium-based projection of LIC’s Unit Linked Insurance Plans. These plans combine life insurance cover with market-linked investment, so the final value depends on selected fund performance, NAV, charges, premium amount, policy term and withdrawals.

LIC’s official Unit Linked Plans page currently lists LIC’s Index Plus Plan 873, LIC’s Nivesh Plus Plan 749, LIC’s SIIP Plan 752, and LIC’s Protection Plus Plan 886 under Unit Linked Plans. LIC describes unit plans as investment plans designed for people who want their savings to grow while also getting tax-saving benefits.

This calculator is designed to bring all major LIC Unit Linked Plan calculators into one place. Instead of checking each plan separately, the calculator allows plan selection, premium entry, policy term selection, expected return entry and estimated maturity calculation in a simple format.

Quick Facts Table

Particular	Details
Calculator Name	LIC Unit Linked Plan Calculator
Plan Category	Unit Linked Insurance Plans / ULIP
Main Use	Estimate fund value, maturity benefit, death benefit and premium projection
Current LIC Unit Linked Plans	Index Plus, Nivesh Plus, SIIP, Protection Plus
Return Type	Market-linked, not fixed
Risk	Investment risk is borne by the policyholder
Lock-in Period	No surrender or withdrawal during first five years in ULIP contracts
Result Type	Estimated calculation, not official LIC quote

What Is LIC Unit Linked Plan Calculator?

LIC Unit Linked Plan Calculator is an estimated benefit calculator for LIC ULIP plans. It helps calculate how much fund value may be created during the policy term based on premium, age, policy term, fund type and expected return.

Unlike traditional LIC endowment or money-back plans, Unit Linked Plans do not offer a fixed maturity amount. The premium is invested in selected funds, and units are purchased based on NAV. The value of those units changes with market performance.

The calculator uses basic plan rules such as premium allocation charge, fund management charge, guaranteed additions, mortality charge estimate, partial withdrawal rules and policy term to show an approximate result.

LIC Unit Linked Plans Covered in This Calculator

Plan Name	Plan No.	UIN	Premium Type	Main Purpose
LIC’s Index Plus	873	512L354V01	Regular Premium	Life cover with market-linked savings
LIC’s Nivesh Plus	749	512L317V02	Single Premium	One-time investment with life cover
LIC’s SIIP	752	512L334V02	Regular Premium	Systematic investment with life cover
LIC’s Protection Plus	886	512L361V01	Regular / Limited Premium	Life cover, savings and top-up facility

LIC’s official page shows these four plans with their plan numbers and UIN numbers.

LIC Index Plus Calculator

LIC’s Index Plus is a non-participating, linked, regular premium, individual life insurance savings plan. It offers life cover with market-linked savings, and LIC’s brochure mentions guaranteed additions as a percentage of annualized premium at specified policy durations.

For calculator purposes, LIC Index Plus requires inputs such as age, annual premium, policy term, sum assured option, purchase mode, fund option and expected return. The plan allows basic sum assured as 7 times or 10 times of annualized premium, subject to age conditions.

The calculator should show estimated fund value, guaranteed additions, mortality refund if applicable, maturity benefit and estimated death benefit.

LIC Nivesh Plus Calculator

LIC’s Nivesh Plus is a single premium linked life insurance savings plan. This means the policyholder pays premium only once, and the amount is invested in the selected fund after applicable charges. LIC’s brochure states that this plan offers insurance-cum-savings throughout the policy term after payment of single premium.

For LIC Nivesh Plus, the calculator should ask for single premium, age, policy term, sum assured option, fund type and expected return. The plan gives two basic sum assured options: 1.25 times of single premium or 10 times of single premium, subject to eligibility rules.

The calculator should also include guaranteed additions because LIC’s brochure mentions guaranteed additions as a percentage of single premium at the end of specified policy years.

LIC SIIP Calculator

LIC’s SIIP is another regular premium unit linked plan available under LIC’s Unit Linked Plans section. LIC’s official SIIP page links to the current sales brochure, policy document and CIS document for the plan.

In this calculator, LIC SIIP should work with inputs like premium amount, premium mode, age, policy term, expected return, fund option and partial withdrawal details. It is suitable for people who want systematic premium payment along with market-linked investment growth.

The calculator should estimate total premium paid, projected fund value, guaranteed additions, mortality charge refund if applicable, maturity benefit and life cover.

LIC Protection Plus Calculator

LIC’s Protection Plus is listed on LIC’s Unit Linked Plans page and has its own official plan page with sales brochure, policy document and CIS document.

This plan needs a more advanced calculator because it includes regular or limited premium payment and top-up premium options. For this reason, the calculator should include fields for premium paying term, policy term, basic sum assured multiple, top-up year, top-up premium and fund selection.

The result should separately consider base premium fund value and top-up fund value, because Protection Plus allows additional top-up investment subject to plan rules.

Why This Calculator Is Useful

LIC Unit Linked Plans are not simple fixed-return policies. The maturity amount changes because fund value depends on NAV. Charges are also deducted from premiums or units depending on plan rules.

This calculator helps understand:

Calculation Area	Why It Matters
Annualized Premium	Used for sum assured and guaranteed addition calculation
Total Premium Paid	Shows total money invested during policy term
Basic Sum Assured	Shows life cover amount
Fund Value	Main market-linked value of the policy
Guaranteed Additions	Added in selected plans at specified years
Mortality Refund	Applicable in selected plans on maturity
Partial Withdrawal	Shows liquidity after 5 years
Death Benefit	Helps understand nominee benefit
Maturity Benefit	Estimated final amount at policy maturity

How LIC Unit Linked Plan Calculator Works

The calculator first converts premium into annualized premium. For example, monthly premium is multiplied by 12, quarterly premium by 4 and half-yearly premium by 2.

After that, premium allocation charge and tax on charges are deducted. The remaining amount is treated as net allocated premium.

Basic calculation logic:

Net Allocated Premium = Premium - Allocation Charge - Tax on Charge

Then the calculator applies estimated return after considering fund management cost.

Estimated Fund Growth = Net Fund Value × Expected Return

For plans with guaranteed additions, the calculator adds the eligible guaranteed addition in the specified policy year.

Maturity Benefit = Estimated Fund Value + Eligible Mortality Refund

For single premium plans like LIC Nivesh Plus, the calculation starts with one-time premium instead of annual premium.

How to Use LIC Unit Linked Plan Calculator

Step 1: Select LIC Plan

Choose the plan from the dropdown. Available options include LIC Index Plus, LIC Nivesh Plus, LIC SIIP and LIC Protection Plus. If a legacy option is added, LIC New Endowment Plus may also appear separately as a withdrawn/old-plan option.

Step 2: Enter Age

Enter age at entry. Age is important because eligibility, sum assured option and mortality charge depend on age.

Step 3: Enter Premium

Enter the premium amount. For regular premium plans, select premium mode such as yearly, half-yearly, quarterly or monthly. For LIC Nivesh Plus, enter single premium.

Step 4: Select Policy Term

Choose policy term as per the selected plan. The calculator should automatically show only allowed terms wherever possible.

Step 5: Select Sum Assured Option

Choose the available sum assured option. For example, LIC Index Plus may allow 7 times or 10 times annualized premium depending on age. LIC Nivesh Plus may allow 1.25 times or 10 times single premium depending on eligibility.

Step 6: Choose Fund Option

Select the fund option based on risk preference. Unit linked plans may offer low-risk, medium-risk or high-risk fund choices. Higher equity exposure can create higher return potential but also higher market risk.

Step 7: Enter Expected Return

Enter assumed return such as 4%, 6%, 8% or any preferred rate. The result is only an estimate because actual return depends on NAV movement.

Step 8: Add Partial Withdrawal If Needed

Partial withdrawal should be entered only after the fifth policy year because LIC ULIP contracts do not provide liquidity during the first five years. LIC brochures clearly state that surrender or withdrawal, fully or partially, is not available during the first five years of the ULIP contract.

Step 9: Click Calculate

After clicking the calculate button, the calculator shows estimated annualized premium, total premium paid, basic sum assured, fund value, guaranteed additions, maturity benefit and death benefit.

Real Calculation Example

Below is a simple example for understanding how the calculator result may look.

Input	Example Value
Selected Plan	LIC Index Plus
Age	35 years
Premium Mode	Yearly
Yearly Premium	₹50,000
Policy Term	15 years
Sum Assured Option	10 × Annualized Premium
Basic Sum Assured	₹5,00,000
Expected Return	8% p.a.
GST / Tax on Charges	18%
Partial Withdrawal	No

In this example, the annualized premium is ₹50,000. Since the sum assured option is 10 times annualized premium, the basic sum assured becomes:

₹50,000 × 10 = ₹5,00,000

Total premium paid during 15 years:

₹50,000 × 15 = ₹7,50,000

Using an estimated market-linked projection with charges, guaranteed additions and mortality charge estimate, the calculator may show an approximate result like this:

Result Field	Estimated Value
Annualized Premium	₹50,000
Total Premium Paid	₹7,50,000
Basic Sum Assured	₹5,00,000
Estimated Fund Value	₹12,41,738
Estimated Guaranteed Additions	₹17,500
Estimated Mortality Refund	₹3,314
Estimated Maturity Benefit	₹12,45,052
Estimated Death Benefit at End of Projection	₹12,41,738

This is only an illustration. Actual LIC benefit can be higher or lower depending on NAV, fund return, charges, age, tax rules, policy status and official LIC calculation.

Important Things to Remember

LIC Unit Linked Plans are market-linked plans. They are different from traditional guaranteed return policies. The investment risk is borne by the policyholder, and the final fund value depends on actual market performance.

The calculator result should never be treated as an official LIC maturity amount. It is only an estimated projection for educational and planning purposes.

Before buying, surrendering or changing any LIC policy, official LIC brochure, policy document and LIC branch confirmation should be checked.

Benefits of Using LIC Unit Linked Plan Calculator

This calculator saves time because all plan calculations are available in one place. It gives a clear view of premium, maturity estimate, fund value and life cover.

It also helps compare different LIC Unit Linked Plans before making a decision. For example, LIC Nivesh Plus is suitable for single premium calculation, while LIC SIIP and LIC Index Plus are better suited for regular premium projection. Protection Plus needs a more detailed calculation because it may include top-up premium.

Who Can Use This Calculator?

This calculator is useful for people who want to estimate LIC ULIP returns before buying a plan. It is also helpful for existing policyholders who want to understand possible fund value, maturity amount or withdrawal impact.

It can be used by insurance advisors, financial bloggers, LIC calculator websites and policy comparison pages.

FAQs

What is LIC Unit Linked Plan Calculator?

LIC Unit Linked Plan Calculator is an online tool that estimates fund value, maturity benefit, death benefit and premium-based projection for LIC ULIP plans.

Is the calculator result guaranteed?

No. LIC Unit Linked Plans are market-linked. The result depends on NAV, market return, charges and fund performance.

Which LIC Unit Linked Plans are currently listed by LIC?

LIC’s official Unit Linked Plans page lists Index Plus, Nivesh Plus, SIIP and Protection Plus.

Can partial withdrawal be calculated?

Yes, but partial withdrawal should be considered only after completion of five policy years, subject to plan rules.

Does LIC Nivesh Plus need monthly premium input?

No. LIC Nivesh Plus is a single premium plan, so the calculator should ask for one-time premium only.

Conclusion

LIC Unit Linked Plan Calculator is a practical tool for estimating possible maturity value, fund value, premium, guaranteed additions and life cover under LIC’s ULIP plans. It makes comparison easier because Index Plus, Nivesh Plus, SIIP and Protection Plus can be calculated from one place.

The calculator is useful for planning, but the final policy value depends on actual NAV and LIC’s official policy conditions. For accurate purchase decisions, official LIC brochure and policy document should always be checked.