Fortune Plus – ULIP Plan

LIC Fortune Plus plan no. 187 is a Unit Linked Plan (ULIP) where the premium payment term (PPT) is 5 years, and the premium payable in the first year will be 50% of the total premium payable under the policy. Fortune Plus serves the purpose of insurance-cum-investment. Four types of investment Funds are offered in Fortune Plus. The Policyholder has the option to choose any ONE out of the following 4 funds.  Bond, Secured, Balanced, and Growth.

Fortune Plus Features:

Payment of Premiums:
You may pay premiums regularly at yearly, half-yearly, quarterly,
or monthly (ECS) intervals for 5 years. The minimum First-year premium will be Rs.20,000/- and you may pay any amount exceeding it. From the second year onwards each year’s premium will be 25% of the first year’s premium.

Partial Withdrawals:
You may encash the units partially after the third policy anniversary subject to certain conditions.

Switching of funds:
You can switch between any fund types for the entire Fund Value during the policy term subject to switching charges if any.

Discontinuance of premiums:
If premiums are payable either yearly, half-yearly, quarterly, or monthly (ECS) and the same have not been duly paid within the days of grace under the Policy; the Policy will lapse. A lapsed policy can be revived during the period of two years from the due date of the first unpaid premium.

Settlement Option:
When the policy comes for maturity, you may exercise the “Settlement Option” and may receive the policy money in installments spread over a period of not more than five years from the date of maturity. There shall not be any life cover during this period. The value of installment payable on the date specified shall be subject to investment risk i.e. the NAV may go up or down depending upon the performance of the fund.

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Looking for Child Fortune Plus Plan? Click here:

Eligibility Conditions and Restrictions for Fortune Plus:

1. Minimum Age at entry: 12 years (age last birthday)
2. Maximum Age at entry: 60 years (age nearer birthday)
3. Minimum Maturity Age: 18 years (completed)
4. Maximum Maturity Age: 65 years (age nearer birthday)
5. Minimum Policy Term: 5 years
6. Maximum Policy Term: 20 years
7. Minimum Premium: Rs.20,000/- for the first Premium
8. Sum Assured under the Basic Plan: Higher of 5 times the first year’s annualized premium or half of the policy term times the first year’s annualized premium.

Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to LIC within 15 days.

Update: LIC Fortune Plus Table No.187 Has Been Discontinued.

The above is the product summary giving the key features of the plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.


  1. hi i want to know the information about policy no 471779909 i want to get all the information about this policy and its premium

  2. suhil ahmad choh October 7, 2010 at 8:55 am

    sir i have taken up LIC fortune plus (plan no 187 ),policy no 141849030,on 18-02-2008 for rs 2 far i have paid three installments of rs 50,000,12,500,12,500 respectively. i want to know the NAV ALLOTED TO me on my email address

  3. Not satisfied because unable to find the rate of the policy

  4. ROHIDAS SUDAM PHAPALE May 5, 2010 at 12:45 pm


    1. I had taken a LIC’s Fortune Plus (187-10) policy No 956351056 plan for Rs 1,00,000/- on 04 Jan 2008. I had paid two installments Rs 25,000/- each on 03 Jan 2009 and 08 Jan 2010 respectively.

    2. But, so far can’t get any information about how many NAV units allotted to me for above said amounts.

    3. May I request your honour to let me know how many NAV’s allotted to me on my e-mail address as early as posible.

    Thanking you !

  5. kamleshwar prasad gautam January 30, 2010 at 6:41 pm


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