Who it suits
People who want flexible protection plus market-linked savings.
LIC plans / Unit Linked Plans (ULIPs)
Unit Linked Plans (ULIPs)
New Plan no. 886
LIC’s Protection Plus
Unit linked · Protection
Unit-linked plan where you can increase or decrease the basic sum assured, with death benefit as lump sum or instalments.
RegularPremium paying term
See the official brochure for the exact benefit formula.Sum assured
Plan highlights
What this plan gives you
The main features in plain words. The official brochure is the final word on every figure.
- Flexible sum assured
- Death benefit in instalments
How it works
Premiums buy units; cover can be adjusted as needs change.
Death benefit
As per brochure, lump sum or instalments.
Maturity benefit
Fund value.
Survival / income benefit
None.
Options and riders
Increase / decrease sum assured
Step by step
How the plan runs
1
Start the planSum assured: See the official brochure for the exact benefit formula..2
Pay premiumsRegular3
Income during the termNone.4
Receive the benefitFund value.At a glance
Eligibility and plan limits
A quick reference before you discuss a proposal. Underwriting and channel conditions apply.
| Plan detail | As per summary |
|---|---|
| Plan number | 886 |
| Category | Unit Linked Plans (ULIPs) |
| Plan type | Unit linked · Protection |
| Premium paying term | Regular |
| Sum assured | See the official brochure for the exact benefit formula. |
- 5-year lock-in
- Investment risk borne by policyholder
Quick answers
Questions families ask
Who is this plan for?
People who want flexible protection plus market-linked savings.
What are the policy term and premium paying term?
Premium paying term: Regular.
What sum assured can I choose?
See the official brochure for the exact benefit formula.
What happens if the life assured dies during the term?
As per brochure, lump sum or instalments.
What do I receive at maturity?
Fund value.
Does the plan pay anything during the term?
None.
Are there options or riders?
Increase / decrease sum assured
Will the amounts always be paid exactly as shown here?
This page is a summary. Actual benefits depend on the policy terms, premium payment status, the options chosen, underwriting and LIC’s official benefit illustration. The official brochure is the final word.
Want this explained in plain words?
Read LIC’s official brochure, compare the options, and I will help you choose what fits your family.
This page is a summary. Benefits, eligibility and premiums can change: the official LIC brochure for the plan is the final word, and I will confirm current terms for you.