LIC Flexi Plus 811 is an old regular-premium ULIP, now withdrawn. Your premiums buy units in a Debt or Mixed fund, and on maturity you get the fund value. On death, the nominee gets the sum assured (at least 10 times the annual premium) plus the fund value. ₹50,000 a year for 15 years from age 30 projects to about ₹12.82 lakh at 8% and ₹9.14 lakh at 4%.
Flexi Plus 811 Fund Value Calculator
Your estimate
projected, not guaranteed
paid on death on top of the fund value
- Premium per instalment
- ₹50,000
- Total premium paid
- ₹7,50,000
- Estimated total charges
- ₹1,09,137
- Fund value at 4% return
- ₹9,14,392
- Fund value at 8% return
- ₹12,82,230
- Age at maturity
- 45 years
- Total premium paid₹7,50,00058%
- Estimated returns₹5,32,23042%
Projected fund value by policy year (assumed charges)
| Policy year | Premiums paid | Fund value (year end) | Death benefit |
|---|---|---|---|
| 1 | ₹50,000 | ₹48,347 | ₹5,48,347 |
| 2 | ₹1,00,000 | ₹1,01,751 | ₹6,01,751 |
| 3 | ₹1,50,000 | ₹1,58,968 | ₹6,58,968 |
| 5 | ₹2,50,000 | ₹2,85,959 | ₹7,85,959 |
| 10 | ₹5,00,000 | ₹6,99,380 | ₹12,24,380 |
| 15 | ₹7,50,000 | ₹12,82,230 | ₹20,69,730 |
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Flexi Plus Plan 811?
LIC Flexi Plus Plan 811 (UIN 512L272V01) is a unit-linked life insurance plan, a ULIP, with regular premiums. Unlike a traditional endowment plan, it has no fixed sum assured plus bonus at maturity. Your premiums, after charges, buy units in the fund you choose. The value of those units, at the NAV on the maturity date, is what you receive.
The plan was withdrawn in 2013. The sources we checked give conflicting launch dates, so we don’t quote one. If you still hold a Flexi Plus policy, this calculator gives a rough idea of how the fund might grow. For current LIC ULIPs, see SIIP 752.
Flexi Plus 811 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 811 / 512L272V01 |
| Plan type | Regular premium ULIP |
| Entry age | 18 to 50 years |
| Maximum maturity age | 60 years |
| Policy term | 10 to 20 years |
| Sum assured | Higher of 10 × annual premium or 105% of premiums paid |
| Funds | Debt Fund or Mixed Fund, 4 free switches a year |
| Partial withdrawal | After 5 policy years |
| Loan | Not available |
| Grace period | 30 days (15 days for monthly) |
How the calculator projects your fund
A ULIP has no premium rate chart. You choose the premium, and the charges decide how much gets invested. The calculator works year by year:
- Premium allocation charge is taken first. We assume 7.5% in year 1, 4.5% in years 2 to 5 and 2% after that.
- Policy administration charge, assumed at ₹600 a year.
- Mortality charge for the sum assured, based on your age that year.
- The balance grows at your expected return minus a 0.8% fund management charge.
These charges are typical of LIC ULIPs of that period, not exact brochure figures. Your policy’s unit statement is the final word.
Example: a 30-year-old pays ₹50,000 a year for 15 years (₹7,50,000 in total).
| Assumed gross return | Projected maturity value |
|---|---|
| 4% a year | ₹9,14,392 |
| 8% a year | ₹12,82,230 |
At 8%, total charges over the term come to about ₹1,09,137. The fund is about ₹2,85,959 after 5 years and about ₹6,99,380 after 10 years.
A second example: age 35, ₹30,000 a year for 20 years. At a 6% return the projection is about ₹9,79,640. It is about ₹7,80,055 at 4% and ₹12,38,767 at 8%.
Tip: the Debt Fund suits the last few years before maturity, when you want to lock in gains. Use your free switches to move money out of the Mixed Fund as maturity approaches.
GST: premium allocation and other charges on individual life policies no longer attract GST from 22 September 2025. Earlier, 18% GST was levied on ULIP charges, not on the full premium.
Death benefit
If the life assured dies during the term, the nominee receives the sum assured plus the fund value. In the 30-year-old example, the death benefit in year 10 would be about ₹12,24,380: ₹5,25,000 of cover plus the fund.
Maturity benefit
On survival to the end of the term, you receive the fund value: units held × NAV on the maturity date. There is no guaranteed minimum and no bonus.
Partial withdrawal, surrender and switching
- Partial withdrawal: allowed after five years, keeping the minimum fund balance required by the policy.
- Surrender: the fund value, less any discontinuance charge applicable, is paid.
- Switching: up to four free switches a year between the Debt and Mixed funds.
- Loan: not available.
Tax benefits
Premiums count under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) in the old tax regime. Maturity and death proceeds are generally exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)), as the sum assured is at least 10 times the annual premium.
How Flexi Plus compares with other old LIC ULIPs
Fortune Plus 187 asked for only five years of premiums, with a heavy first-year premium. Market Plus 181 was a pension-oriented ULIP. Flexi Plus, by contrast, was a straightforward regular-premium savings ULIP with two fund choices. To test other amounts and returns, try the general LIC ULIP calculator.
Frequently asked questions
What is LIC Flexi Plus Plan 811?
It is a unit-linked insurance plan (ULIP) with regular premiums. Part of each premium goes to charges and life cover, and the rest buys units in a Debt Fund or a Mixed Fund. The maturity benefit is the value of your units, so returns are not guaranteed.
Is LIC Flexi Plus 811 still available?
No. The plan was withdrawn in 2013 and is not sold to new customers. Existing policies continue under their original terms, including fund switches and partial withdrawals.
What is the death benefit in Flexi Plus 811?
The nominee receives the sum assured plus the fund value. The sum assured is the higher of 10 times the annual premium or 105% of premiums paid. For ₹50,000 a year, that is at least ₹5 lakh on top of the fund.
How much will my Flexi Plus policy pay on maturity?
It depends on the NAV on the maturity date. Our projection for ₹50,000 a year over 15 years, starting at age 30, is about ₹12.82 lakh at 8% gross return and ₹9.14 lakh at 4%, after assumed charges. Your policy statement shows the actual units and NAV.
Can I withdraw money from LIC Flexi Plus before maturity?
Partial withdrawals are allowed after five policy years, subject to the minimum balance rules. There is no loan facility under this plan.
Can I switch between funds in Flexi Plus 811?
Yes. You can switch between the Debt Fund and the Mixed Fund up to four times a policy year without a switching charge.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.