LICULIPWealth / investment-oriented ULIP
SIIP
LIC's Systematic Investment Plus Insurance Plan (SIIP) is a regular/limited-premium unit-linked plan combining periodic market-linked investment with life cover — exact figures could not be verified.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Linked (ULIP)
CategoryWealth / investment-oriented ULIP
InsurerLIC
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureYes — fund-value linked
LiquidityNot available in the current product data
Lock-in5 years (statutory minimum for ULIPs)
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
LIC's Systematic Investment Plus Insurance Plan (SIIP) is a regular/limited-premium unit-linked plan combining periodic market-linked investment with life cover — exact figures could not be verified.
You might need this if…
- You might need this if you want to invest regularly (like a SIP) while also getting life insurance cover in the same plan.
- You might need this if you want exposure to LIC's range of unit-linked funds with the discipline of periodic premiums rather than a single lump sum.
- You might need this if you're comfortable with market-linked risk in exchange for potentially higher long-term growth than a guaranteed-return savings plan.
- You might need this if you want a ULIP with a flexible premium payment term rather than committing to a single premium.
How it actually works
- SIIP is a regular/limited-premium unit-linked insurance plan from LIC, combining periodic investment (similar to a SIP) with life cover.
- As with LIC's other ULIPs, it is expected to offer multiple fund options across the risk spectrum and be subject to fund management, mortality, and allocation charges.
- As a unit-linked product, maturity and death benefits would be linked to the fund value, with investment risk borne by the policyholder.
- Exact eligibility ages, minimum premiums, specific fund names, and charge percentages could not be confirmed because the brochure could not be retrieved.
Worth knowing before you decide
- The official brochure PDF could not be downloaded despite repeated attempts (persistent server errors), so details above are based on general knowledge of LIC's SIIP product line, not confirmed from this specific brochure.
- As with all ULIPs, returns are not guaranteed and investment risk is borne by the policyholder — verify exact charges and fund performance history before purchase.
- Confirm exact eligibility ages, minimum premium, lock-in and surrender terms directly with LIC before relying on this summary.
Official source
Not available in the current product data — this insurer has not published a standalone brochure PDF for this plan; the notes above are drawn from their official product page instead.