LIC's Single Invest Insurance Plan (SIIP)
- Single Premium Payment
- Guaranteed Maturity Benefit
- Death Benefit Coverage
- Tax Benefits under Section 80C & 10(10D)
Your Benefit Details
- Premium calculations are approximate and exclude GST charges
- Maturity Benefit = Sum Assured + Guaranteed Additions
- Death Benefit = Higher of Sum Assured or 105% of Single Premium
- Guaranteed Additions accrue based on policy term and sum assured
- This calculator provides illustrative values only
Life Insurance Corporation of India (LIC) offers a variety of plans that combine the security of insurance with the growth potential of investments. One such plan is the LIC SIIP Plan 852, a Unit Linked Insurance Plan (ULIP) designed for systematic investment and insurance coverage.
What is LIC SIIP Plan 852?
LIC SIIP Plan 852, also known as the Systematic Investment Insurance Plan, is a unit-linked, non-participating individual life insurance product that offers both insurance protection and investment growth. The plan allows policyholders to invest premiums in market-linked funds while providing life cover for the policy term.
The key appeal of this plan lies in its ability to combine insurance with investment options tailored to varying risk preferences. The policyholder can choose from four different fund options—Bond Fund, Secured Fund, Balanced Fund, and Growth Fund—each with differing levels of risk and potential returns.
Launch and Withdrawal Dates
- Launch Date: The LIC SIIP Plan 852 was launched on March 2, 2020, offering a fresh, structured solution for those looking to invest in ULIPs with LIC.
- Withdraw Date: As per the latest available information, LIC has not officially withdrawn Plan 852, but the plan has been repackaged under Plan 752 in 2025 with the same features and benefits. Customers interested in Plan 852 can inquire about Plan 752 as its current equivalent.
How Does LIC SIIP Work?
LIC SIIP Plan 852 is primarily a long-term investment and insurance policy where the premiums paid by the policyholder are invested into different types of funds, and the value of the policy is linked to the market performance of the chosen funds.
Four fund options are available:
| Fund Type | Investment Composition | Objective | Risk Level |
|---|---|---|---|
| Bond Fund | Minimum 60% government/corporate debt, max 40% money market | Safe, less volatile | Low |
| Secured Fund | 45-85% debt, 15-55% equity | Steady income | Low-Medium |
| Balanced Fund | 30-70% debt, 30-70% equity | Capital appreciation | Medium |
| Growth Fund | 20-60% debt, 40-80% equity | Long-term appreciation | High |
Benefits of LIC SIIP Plan 852
- Life Cover: Provides financial protection to the nominee in case of the policyholder’s death.
- Investment Growth: Funds are invested in equity and debt as per choice, aiming for potential capital appreciation.
- Partial Withdrawals: Allowed after 5 years for financial needs.
- Flexibility: Policyholders can switch funds up to 4 times per year at no extra charge and beyond that for a small fee to suit market conditions or risk tolerance.
- Surrender Facility: Policy can be surrendered anytime, with proceeds depending on timing and fund performance.
- Settlement Option: Death benefits can be received in installments over five years if chosen.
Eligibility Criteria
- Entry Age: 90 days to 65 years.
- Policy Term: Up to 25 years.
- Minimum Sum Assured: For below 55 years, 10 times the annual premium; for 55 years and above, 7 times.
- Maturity Age: Maximum 85 years.
LIC SIIP Plan 852 Calculator: What It Does
The LIC SIIP calculator is a useful tool that helps potential and existing policyholders estimate the returns they can expect based on the premium amount, policy term, sum assured, and fund performance. It makes projecting the maturity amount, fund value, surrender value, and death benefit easier by simulating how investments may grow over time.
Using the calculator, users can:
- Calculate premium payments based on desired coverage and tenure.
- Estimate fund value accumulation tailored to selected fund options.
- See the impact of different premium payment frequencies (monthly, quarterly, annually).
- Understand charges, deductions, and projected returns over time.
How to Use the LIC SIIP Plan 852 Calculator
- Enter personal details such as age and policy term.
- Select premium amount and payment frequency.
- Choose fund allocation as per your risk preference.
- The calculator displays expected returns and benefits over the policy term.
- Adjust inputs to compare different scenarios and premium plans.
Charges and Costs
The LIC SIIP plan includes certain charges that affect the final returns:
- Premium allocation charges
- Fund management charges
- Policy administration charges
- Switching charges after free switches (₹100 per switch)
Tax Benefits
Premiums paid under LIC SIIP are eligible for tax deductions under Section 80C of the Income Tax Act, and maturity proceeds can be tax-free under Section 10(10D), subject to prevailing tax laws.
Example Illustration
Suppose a 35-year-old policyholder opts for a 21-year policy term with an annual premium of ₹1,00,000. The policyholder selects a Balanced Fund for investment. Using the LIC SIIP calculator, the expected maturity amount will be estimated based on assumed market returns and stipulated charges.
Frequently Asked Questions
What is LIC SIIP Plan 852?
LIC SIIP Plan 852 is a Unit Linked Insurance Plan (ULIP) by LIC that combines insurance protection with investment in market-linked funds, offering life cover and potential capital growth.
When was LIC SIIP Plan 852 launched?
The plan was launched on March 2, 2020.
Is LIC SIIP Plan 852 still available for purchase?
LIC SIIP Plan 852 has been repackaged under Plan 752 in 2025, but the features and benefits remain the same. Customers can inquire about the current equivalent plan with LIC agents.
What are the fund options available under this plan?
Four fund options are available: Bond Fund, Secured Fund, Balanced Fund, and Growth Fund. Each varies in risk and potential returns, allowing customization as per the policyholder’s risk appetite.
What is the minimum entry age for LIC SIIP Plan 852?
The minimum entry age for the plan is 90 days, and the maximum entry age is 65 years.
Conclusion
LIC SIIP Plan 852 offers an effective blend of life insurance and investment opportunity through a flexible, market-linked unit fund plan. With multiple fund options to suit different risk appetites and the ability to partial withdraw or switch funds, it serves as an attractive product for long-term financial planning.