Life Insurance Corporation is India's oldest and largest insurance company, with an extensive customer base. But why do the customers trust LIC? Well, there’s no shadow of a doubt regarding the range of plans; LIC of India has a list of different categories fulfilling the diverse needs of specific customers with complete transparency and flexibility. Some plans offer life cover, some provide medical benefits, and others are purely for investment. But there’s an exclusive category offering more than one benefit in a single plan, known as Unit Linked Plans. If you want to take advantage of life insurance and investment return in one plan with a long-term wealth creation purpose, you need a ULIP Plan from LIC of India to invest. When and why should you buy the LIC ULIP plan? What are the benefits and features of the LIC unit-linked plan? Which ULIP plan is best to invest in? Reading further in the article, you will get answers to all your questions. Stay with us!

Examples of LIC ULIP plans and their age limits

  • LIC Market Plus Plan: The minimum age of entry is 18 years old, and the maximum age of entry is 70 years old. 
     
  • LIC Market Plus-I Plan: The minimum age of entry is 18 years old, and the maximum age of entry is 65 years old. 
     
  • LIC Index Plus: The entry age is 90 days to 70 years old. 
     
  • LIC Nivesh Plus: The entry age is 90 days to 70 years old.