Profit Plus

LIC’s Profit Plus (Plan No.188) is a Unit Linked Endowment Insurance Plan. Profit Plus (ULIP) is designed for the common man to enhance their savings and financial protection to their family. Four types of investment Funds are offered in Profit Plus. The Policyholder has the option to choose any ONE out of the following 4 funds.  Bond, Secured, Balanced, and Growth.


Payment of Premiums:
You may pay premiums regularly at yearly, half-yearly, quarterly, or monthly (ECS) intervals over the premium paying term of 3, 4 or 5 years. The minimum premium will be Rs.10,000/-.

Single premium:
Single premium can be paid subject to a minimum of Rs.20,000/-.

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 “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.

Also Read  Fortune Plus - ULIP Plan

Eligibility Conditions and Restrictions:

1. Minimum Age at entry: 0 years (age last birthday)
2. Maximum Age at entry:
65 years (age nearer birthday)
3. Minimum Maturity Age:
18 years (completed)
4. Maximum Maturity Age:
For PPT 3 years: 70 years nearest birthday. For Single Premium, PPT 4 or 5 Years: 75 years nearest birthday.
5. Minimum Policy Term:
5 years
6. Maximum Policy Term:
20 years
7. Minimum Premium:
Rs. 20,000 for Single Premium and Rs. 10,000 p.a for Regular Premium
8. Sum Assured under the Basic Plan:

a) Regular premium :
Higher of 5 times the annualized premium or half of the policy term times the annualized premium.
b)Single Premium :
Minimum Sum assured : 1.25 times the single premium.

Maximum Sum assured :
If Critical Illness Benefit Rider is opted for:

• 5 times the Single premium if age at maturity is upto 55 years.
• 3 times the Single premium if age at maturity is 56 to 60 years.
• If Critical Illness Benefit Rider is not opted for:
• 5 times the Single premium if age at maturity is upto 65 years.
• 3 times the Single premium if age at maturity is 66 to 70 years.
• 2.5 times the Single premium if age at maturity is 71 years and above.

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

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.

Update: Profit Plus Plan Table No.188 has been discontinued, please check out other similar plans below.

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  1. I have invested in LIC Market plus from past 3 years. I need to know the NAV on this.Please let me know how to find out.


  2. sir i have invest in profit plus it will be great for me if you provide the growth rate of this fund on my e mail id

  3. Please provide the details of current unit rate of ULIP 188.

    • Profit Plus NAV’s are as follows as of today.
      BOND FUND NAV: Rs.12.3407
      SECURED FUND NAV: Rs.11.2013
      BALANCED FUND NAV: Rs.11.5062
      GROWTH FUND NAV: Rs.10.0984

      Let me know, if you need anything else.

  4. Rosan Sunil Kumar August 7, 2009 at 6:27 am

    Sir/madam . I have a account on your LIC fortune Plus bearing policy No.355164210.let me know the current NAV of the said plicy .so kindly furnish the detail of same .

    With Thanks

  5. hi i wanted the detailed about lic market plus1 policy



  8. I have invested in lic’s profit plus, fortune plus, market plus & money plus in growth fund. I will be grateful if you provide the current market rates of these funds on my e-mail address.

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