LIC Future Plus Plan 172 (UIN 512L228V01) is a withdrawn unit-linked pension plan launched on 4 March 2005. Regular premiums started at ₹5,000 a year with risk cover of 5, 10, 15 or 20 times the premium; single premiums started at ₹10,000. On our assumptions, ₹20,000 a year for 20 years from age 35 grows to about ₹8.91 lakh in the Balanced fund and ₹7.48 lakh in the Bond fund.
Future Plus Plan 172 Fund Value Calculator
Your estimate
bid value at vesting, age 55
10 × yearly premium
- Premium per instalment
- ₹20,000
- Total premium paid
- ₹4,00,000
- Estimated total chargesallocation, admin, mortality and fund management
- ₹73,571
- Death benefitestimate in the final year: higher of cover and fund value; check your policy bond
- ₹8,91,270
- Net gain
- ₹4,91,270
- Vesting age
- 55 years
- Total premium paid₹4,00,00045%
- Net gain₹4,91,27055%
Year-wise fund value and death cover
| Year | Age at entry | Total premium paid | Estimated fund value | Death benefit |
|---|---|---|---|---|
| 1 | 36 years | ₹20,000 | ₹16,435 | ₹2,00,000 |
| 2 | 37 years | ₹40,000 | ₹37,395 | ₹2,00,000 |
| 3 | 38 years | ₹60,000 | ₹60,002 | ₹2,00,000 |
| 4 | 39 years | ₹80,000 | ₹85,039 | ₹2,00,000 |
| 5 | 40 years | ₹1,00,000 | ₹1,12,053 | ₹2,00,000 |
| 6 | 41 years | ₹1,20,000 | ₹1,41,207 | ₹2,00,000 |
| 7 | 42 years | ₹1,40,000 | ₹1,72,665 | ₹2,00,000 |
| 8 | 43 years | ₹1,60,000 | ₹2,06,628 | ₹2,06,628 |
| 9 | 44 years | ₹1,80,000 | ₹2,43,244 | ₹2,43,244 |
| 10 | 45 years | ₹2,00,000 | ₹2,82,697 | ₹2,82,697 |
| 11 | 46 years | ₹2,20,000 | ₹3,25,208 | ₹3,25,208 |
| 12 | 47 years | ₹2,40,000 | ₹3,71,013 | ₹3,71,013 |
| 13 | 48 years | ₹2,60,000 | ₹4,20,369 | ₹4,20,369 |
| 14 | 49 years | ₹2,80,000 | ₹4,73,549 | ₹4,73,549 |
| 15 | 50 years | ₹3,00,000 | ₹5,30,851 | ₹5,30,851 |
| 16 | 51 years | ₹3,20,000 | ₹5,92,594 | ₹5,92,594 |
| 17 | 52 years | ₹3,40,000 | ₹6,59,122 | ₹6,59,122 |
| 18 | 53 years | ₹3,60,000 | ₹7,30,805 | ₹7,30,805 |
| 19 | 54 years | ₹3,80,000 | ₹8,08,045 | ₹8,08,045 |
| 20 | 55 years | ₹4,00,000 | ₹8,91,270 | ₹8,91,270 |
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 Future Plus Plan 172?
Plan 172 is the table number of LIC Future Plus, a unit-linked deferred pension plan (UIN 512L228V01) launched on 4 March 2005 and now listed among LIC’s withdrawn plans. This page covers the plan-number-specific details that matter when you read your policy bond: the risk cover multiple, premium limits, fund choice and the way charges and NAV decide the final value. For the broader overview and the pension-at-vesting calculator, see LIC Future Plus.
Plan 172 parameters
| Parameter | Value |
|---|---|
| Plan number / UIN | 172 / 512L228V01 |
| Launch date | 4 March 2005 |
| Entry age | 18 to 65 years |
| Minimum term | 5 years |
| Maximum vesting age | 75 years |
| Regular premium | From ₹5,000 a year; yearly or half-yearly |
| Risk cover (regular) | 5, 10, 15 or 20 × yearly premium, or no cover |
| Single premium | From ₹10,000; cover equal to premium |
| Funds | Bond, Income, Balanced, Growth |
| Status | Withdrawn |
How the calculator values a Plan 172 policy
Each year’s premium is reduced by an allocation charge (assumed 20% in year one, 5% in years two and three, 2% after), and the rest buys units. Every year the model deducts administration (₹40 a month) and a mortality charge on the sum at risk, meaning the cover minus the fund value. It then grows the fund at the chosen fund’s assumed rate, net of a 0.75% fund management charge. These charges are typical of LIC ULIPs of the time, not the exact Plan 172 schedule. Your unit statement is the final word.
Example: age 35, ₹20,000 a year, cover 10× (₹2 lakh), 20-year term to vesting at 55.
| Fund | Projected bid value at 55 |
|---|---|
| Bond | ₹7,47,880 |
| Income | ₹7,92,605 |
| Balanced | ₹8,91,270 |
| Growth | ₹10,65,598 |
In the Balanced fund, total premiums are ₹4,00,000 and estimated charges over 20 years come to about ₹73,571. Because the fund soon exceeds the ₹2 lakh cover, the death benefit in later years is simply the fund value.
A higher cover costs more in mortality charges, especially at older ages. At 45 with 20× cover (₹4 lakh) for 15 years, the Balanced fund projects to about ₹5.04 lakh on ₹3 lakh of premiums. A single premium of ₹1 lakh held for 15 years from 35 projects to about ₹2.83 lakh.
Tip: in a Plan 172 policy the fund switch, not the premium, is the lever you still control. Moving from Growth to Bond a few years before vesting protects the corpus from a late market fall.
Death benefit
With risk cover, the nominee receives a death benefit based on the cover and the fund value, as per the policy terms. Our estimate uses the higher of the two. Without risk cover, the benefit is essentially the fund value.
Surrender, discontinuance and vesting
Surrender was allowed, with deductions in the first years. If you stopped paying after at least three years’ premiums, the bid value of units remained payable at surrender or vesting. At vesting, part of the fund can be commuted and the rest converted into a pension. Our LIC Future Plus page estimates that pension. To gauge an early exit, the LIC surrender value calculator explains the general approach.
Tax
Premiums qualified under Section 123 of the Income-tax Act, 2025 (earlier Section 80CCC). The pension is taxable. Life and pension policies carry no GST from 22 September 2025.
How to use this calculator
Pick the premium type, enter the premium, cover multiple, age and term, then choose a fund. Read the bid value, sum assured, total premium, charges and death benefit. Open the year-wise table to see when the fund overtakes the premiums paid. For other old LIC unit-linked plans, try the ULIP calculator.
Frequently asked questions
What is LIC Plan 172?
Plan 172 is LIC Future Plus, a unit-linked deferred pension plan with UIN 512L228V01, launched on 4 March 2005. It invested premiums in a chosen fund until vesting, when the value was used for a pension. It has been withdrawn from new sales.
What sum assured did Future Plus 172 offer?
For regular-premium policies, the risk cover could be 5, 10, 15 or 20 times the yearly premium. For single-premium policies, the cover was equal to the single premium. The plan could also be taken without risk cover, in which case no mortality charge applied.
Which funds were available under Future Plus 172?
Four funds: Bond, Income, Balanced and Growth. They differ in how much they hold in equity versus debt. Our calculator assumes gross growth of 7%, 7.5%, 8.5% and 10% a year respectively. These are assumptions for illustration, not past or promised returns.
How do I find the current value of my Plan 172 policy?
Multiply the units in your latest unit statement by the current NAV (bid price) of your fund. LIC publishes NAVs for Future Plus funds, and your branch or the customer portal can confirm the units held.
Can I surrender a Future Plus 172 policy?
Yes, under the original terms. Early surrender, especially in the first two or three years, involved deductions. If premiums had been paid for at least three years and then stopped, the bid value of units stayed payable at surrender or vesting.
Why is my fund value lower than the premiums I paid?
In the early years, allocation charges, administration and mortality charges take a larger share, and a market fall reduces NAV. Over longer periods these effects usually shrink. The year-wise table in the calculator shows how the gap closes over time.
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.