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.

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.

Also Read  Post Office Saving Schemes

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.

457 thoughts on “Profit Plus”

  1. To,
    CRM, Srinagar
    LIC J$K
    Subject-clients are not satisfied with the surrendered value
    I surrendered three ulip plans ( table No. 191 , Policy No. 142178079, Table No 188 Policies No,s 142009447, 142009446,142178369) prepared under my agency code 0113014E ( now expired) in R.S.Pura branch. My clients are not satisfied with the payment they received as surrendered value.
    I request you to mail me the detail of above mentioned policies about-
    No. Of units. allotted at the time of first premium paid and every renewal
    No. Of units on surrendered date If they are less then why ?
    NAV on surrendered date.

    Thanking you,
    Shashi Kanta Chib

    1. my profit plus policy date of commitment 12/8/2008 what is the process to withdrawl policy

  2. my son has invested an amount of 75000 in lic profit plus plan no 153607647 i wanted know what is the current rate of profit plus and how much amount will get of this policy pls send detailsof my e mail adds

  3. Dear Tabrej Ji,

    I have Profit Plus Growth(T.No – 188 )
    For 5 – Years @ 1L / Year
    Starting Date – 11.01.2008
    Lats Trasaction – 01.03.2012
    Premium – 1L/Year
    Sum Assured – 9 L
    Nav – 44322.5 @ 11.7885 = 5.22L against my totl investment of 5 L in % Years.

    Please advise whether to wait ofr the growth or to close and come out with available money as every one is argeuing that ULI is not giving good returns.

    I have loan with LIC HFL @ 10.7% /Annum , if i close this and pay to LIC HFL then cost saved in intrest will be more than the returns in waiting for the maturity.

    Kindly suggest.

    Also please provide me the NAV details year wise & surrender value if i suurender this month.

    Wha twill be the mortality charges for this ?
    My E-Mail ID is

  4. Sir/madam .
    I have a account on your LIC Profit Plus bearing policy No.272986875.

    I want to know current status of above mentioned policy [Profit Plus Plan No 188]. Kindly send me full details and present status the following email address.

    let me know the current NAV of the said policy .
    So kindly furnish the detail of same .
    With Thanks
    Rakesh vashisht

  5. Please send me mail for surrender value of policy no. – 515142063. Waiting for your reply.

  6. sir,
    my lic profit plus plan no. 188 policy no. 439474261 with effect from 10/9/ 2008
    for 10000 three years. now i want to close the same please informe me the details please
    actual exact amount i will get


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