LIC Protection Plus

About this plan

LIC’s Protection Plus is a Non-Par, Linked, Life, Individual, Savings plan which offers life insurance cover cum savings throughout the term of the policy. LIC’s Protection Plus is a non-par product and hence the policy is not entitled for any share in surplus (profits) during the term of the policy. This Plan can be purchased Offline through Licensed agents, Corporate agents, Brokers, Insurance Marketing Firms as well as Online directly through website www.licindia.in. The proposer shall have options to choose the amount of premium he/she desires to pay, Basic Sum Assured Multiple, Premium Paying Term and Policy Term subject to minimum and maximum limits as specified in Para 2. The…

Key features

• ✓Life insurance cover throughout the policy term.
• ✓Flexibility to choose type of investment fund.
• ✓Flexibility to choose Basic Sum Assured for a given Annualized Premium.
• ✓Option to increase / decrease Basic Sum Assured.
• ✓Option to enhance coverage by opting for LIC’s Linked Accident Benefit Rider.
• ✓Flexibility to pay Top-up Premium.
• ✓Method of settlement of