Unit linked plans of LIC are market‑linked insurance products that combine life cover with investment in different funds, allowing you to grow wealth while staying protected. They are suitable for investors who understand market risk and want long‑term growth potential along with tax benefits and insurance cover.
What are Unit Linked Plans?
Unit Linked Insurance Plans (ULIPs) invest your premiums in market‑linked funds (equity, debt or balanced), creating units whose value fluctuates with NAV movements. Alongside this investment component, they provide a Sum Assured as life cover, so your family receives a death benefit if something happens to you during the policy term.
List of LIC Unit Linked Plans
As per LIC’s official Unit Linked Plans page (updated 12 January 2026), the current ULIP products are:
| Sr. No. | Product Name | Plan No. | UIN No. | Broad positioning |
|---|---|---|---|---|
| 1 | LIC’s Index Plus | 873 | 512L354V01 | Regular‑premium ULIP with index fund and guaranteed additions |
| 2 | LIC’s Nivesh Plus | 749 | 512L317V02 | Single‑premium ULIP for lump‑sum investors |
| 3 | LIC’s SIIP | 752 | 512L334V02 | Systematic Investment Insurance Plan, regular‑premium ULIP |
| 4 | LIC’s Protection Plus | 886 | 512L361V01 | Protection‑oriented ULIP with life cover focus |
LIC’s Index Plus (Plan 873)
LIC Index Plus is a non‑participating, regular‑premium ULIP that offers fund options including an index‑linked equity fund and a more conservative fund, plus guaranteed additions at specified policy years. It suits long‑term investors who want equity participation under the LIC umbrella with defined additions and life cover.
LIC’s Nivesh Plus (Plan 749)
LIC Nivesh Plus is a non‑linked, single‑premium unit‑linked plan for those who prefer to invest a lump sum once and stay invested for the policy term. The plan provides life cover linked to the chosen Sum Assured multiple and allows fund switches, making it attractive for one‑time investors seeking market‑linked growth.
LIC’s SIIP (Plan 752)
LIC SIIP (Systematic Investment Insurance Plan) is a regular‑premium ULIP that emphasises disciplined, systematic investing along with life cover. It is aimed at salaried and self‑employed customers who want to build wealth gradually through market‑linked funds while protecting their families.
LIC’s Protection Plus (Plan 886)
LIC Protection Plus is a protection‑focused ULIP that offers life cover with an investment component, allowing policyholders to participate in market growth while keeping insurance as the primary objective. It is suitable for those who want term‑like protection but are also comfortable with some investment exposure.