LIC SIIP Plan 752, with UIN 512N207V01, combines life insurance protection with market-linked investments through a unit-linked approach. This regular premium plan helps build wealth over time while providing financial security for your family. It suits people who want steady savings with some growth potential.​

What is LIC SIIP Plan 752?

LIC’s Systematic Investment Insurance LIC SIIP Plan 752 is a non-participating unit-linked insurance product. You pay premiums regularly; part goes to life cover, and the rest is invested in funds you choose. It offers life coverage throughout the policy term and potential returns based on fund performance.​

The plan launched around 2020, but some versions were withdrawn by early 2025; check the latest UIN 512N207V01 for current details on the official site. Premiums buy units in four fund options, growing with Net Asset Value (NAV). It’s ideal for long-term goals like a child’s education or retirement.​

Key Features of the Plan

LIC SIIP stands out with flexible investment choices and protections. Here are the main features in simple terms:

• Four Fund Options: Secure Fund (low risk, steady income), Balanced Fund (medium risk, growth and income), Growth Fund (higher equity for appreciation), and Bond Fund (debt-focused stability).​
• Guaranteed Additions: Added as a percentage of annualized premium at the end of the 6th, 10th, 15th, 20th, and 25th years. Converted to units at that day’s NAV.​
• Free Switches: Up to 4 fund switches per year without charge; extra switches cost Rs 100 each.​
• Partial Withdrawals: Allowed after 5 years, with limits to protect death benefits.
• Settlement Options: Maturity or death benefits payable in a lump sum or installments over 5 years.​

These features make it user-friendly for beginners in investments.​

Who Can Buy This Plan?

Eligibility keeps it accessible for most adults and even children. Minimum entry age is 90 days or 30 days depending on the version; maximum is 65 years. Maturity age ranges from 18 to 85 years.​

The policy term runs 10 to 25 years, with the premium paying term matching the policy term. The basic sum assured is 10 times the annualized premium if under 55 at entry, or 7 times if 55 or above.​

Criteria	Minimum	Maximum
Entry Age	90 days	65 years ​
Maturity Age	18 years	85 years ​
Policy Term	10 years	25 years ​
Annual Premium	Around Rs 42,000 (Rs 3,500/month)	No upper limit ​

Premium modes: yearly, half-yearly, quarterly, and monthly. The grace period is 15-30 days.​

Premium Details and Payment Options

Pay premiums regularly to keep the policy active. Minimum monthly premium starts at Rs 3,500, translating to about Rs 42,000 yearly. No maximum, but some assured rules apply.​

Charges deducted from the premium include:

• Premium allocation charge (early years higher).
• Policy administration (capped at 2% of premiums).
• Fund management (1.35% per year).
• Mortality and surrender charges.

Refund of mortality charges happens at maturity (excluding extras). Use online calculators for estimates, like on LIC Calculators.​

Example: For a 30-year-old, 20-year term, Rs 50,000 annual premium, the sum assured is Rs 5 lakhs (10x).​

Investment Funds Explained

Choose from four funds based on risk appetite. Allocation rules ensure balance:

Fund Name	Equity %	Debt %	Money Market %	Goal	Risk Level ​
Secure Fund	0-40%	45-85%	15-55%	Steady income	Low-Medium
Balanced Fund	30-70%	30-70%	0-40%	Growth + Income	Medium
Growth Fund	51-85%	15-45%	0-30%	Capital growth	Medium-High
Bond Fund	0%	100%	0%	Stability	Low

Switch freely within limits. Funds are invested in stocks, bonds, and cash for diversification. Past performance isn’t guaranteed, but historical NAV growth shows potential.​

Benefits You Get

Maturity Benefit

If you survive the term, receive total fund value (units x NAV) plus any guaranteed additions. Paid in a lump sum or in installments.​

Death Benefit

On the policyholder’s death, the nominee gets the higher of:

• Basic Sum Assured minus partial withdrawals in the last 2 years.
• Unit fund value.
• 105% of total premiums paid minus withdrawals.

Ensures family security.​

Other Benefits

• Guaranteed Additions: 1-3% of annualized premium at milestones, increasing over time.​
• Partial Withdrawals: After lock-in, up to 20% of the fund yearly.
• Rider Options: Add accidental death or critical illness cover (extra premium).​

Charges and Costs Involved

Transparency in charges helps plan better:

• Premium Allocation: 6-12% first 5 years, drops later.
• Fund Management: 1.35% annually on funds.
• Switching: Free first 4/year, Rs 100 after.
• Surrender: High early (up to 65% in the first year), reduces to zero after 5 years.

Mortality charges are refunded at maturity. No GST on fund value, but on premiums.​

How to Calculate Returns

Use fund performance and additions for estimates. Example for a 35-year-old, Rs 1 lakh annual premium, 15-year term:

• Assumed 8% return: Maturity around Rs 25-30 lakhs (fund value + additions).
• Tools like LIC Calculator help simulate.​

Actual returns depend on markets. Guaranteed additions provide stability.​

Advantages of LIC SIIP Plan 752

This plan offers solid benefits for savers:

• Life cover with investment growth.
• Flexible funds and switches.
• Guaranteed additions for certainty.
• Tax benefits under Sections 80C and 10(10D).
• Backed by LIC’s stability.

Great for medium- to long-term goals.​

Possible Drawbacks

• Market risks affect returns.
• Charges reduce early net investment.
• Locked for 5 years.
• No loyalty additions like some plans.

Compare with mutual funds if pure investment is needed.​

Tax Benefits

Premiums qualify for deduction up to Rs 1.5 lakhs under 80C. Maturity/death benefits are tax-free if conditions are met (premium <10% sum assured).​

Sample Illustrations

Illustration 1: Age 30, Term 20 years, Annual Premium Rs 60,000.

• Sum Assured: Rs 6 lakhs.
• Projected Maturity (8% return): Rs 22 lakhs.​

Illustration 2: Age 50, term 10 years, monthly Rs 5,000.

• Sum Assured: Rs 3.5 lakhs (7x).
• With additions: Extra boost at year 10.​

Use official brochures for precise tables: LIC SIIP Brochure.​

How to Buy LIC SIIP Plan 752

1. Visit LIC branch or agent.
2. Fill proposal form and submit age proof and income docs.
3. Medical tests if needed (over 45 or high sum).
4. Pay the first premium.
5. Get a policy bond in 30 days.

Online via the LIC portal for existing customers. Free-look period: 15-30 days to cancel.​

Comparisons with Other LIC Plans

Feature	SIIP 752	Nivesh Plus 749	Index Plus 873 ​
Premium Type	Regular	Single	Regular
Funds	4	4	Index-linked
Additions	Guaranteed at milestones	On single premium	Loyalty
Risk	Market	Market	Index

SIIP suits regular savers.​

Free-Look and Surrender Options

Cancel within 15 days for a full refund minus charges. Surrender after 5 years: Fund value after charges. Early surrender gets 80-90% gradually.​

Important Terms to Know

• NAV: Price per unit, daily updated.
• Lock-in: 5 years minimum.
• Annualized Premium: Total yearly premium paid.

Suitability Check

Best for:

• Young professionals saving for the future.
• Parents for child needs.
• Risk-averse investors wanting insurance.

Not for short-term or high-risk seekers.​

Frequently Asked Questions

Conclusion

LIC SIIP Plan 752 (UIN 512N207V01) offers a balanced way to secure life insurance while growing wealth through market-linked funds. It suits regular savers seeking protection and potential returns with features like guaranteed additions and flexible switches. Consult an LIC agent or use official calculators to match it to your goals before investing.