LIC Jeevan Plus (Plan 173) is an early LIC unit-linked plan (ULIP), sold for a short period in the mid-2000s. Premiums buy fund units after charges, and the death benefit is the sum assured plus the fund value. Paying ₹25,000 a year for 20 years from age 35 with 10× cover projects to about ₹9.74 lakh at 8% and ₹6.13 lakh at 4%.
Jeevan Plus 173 ULIP Fund Value Calculator
Your estimate
at 8% assumed return
- Fund value at 4%
- ₹6,13,175
- Fund value at 8%
- ₹9,73,757
- Premium per instalment
- ₹25,000
- Basic sum assured
- ₹2,50,000
- Death benefitsum assured + fund value (end of term)
- ₹12,23,757
- Total charges deducted
- ₹1,28,432
- Approx. return (IRR)
- 5.99%
- Total premium paid₹5,00,00051%
- Net gain₹4,73,75749%
Year-wise fund value projection
| Year | Age | Premium paid | Estimated fund value | Death benefit |
|---|---|---|---|---|
| 1 | 36 | ₹25,000 | ₹23,470 | ₹2,73,470 |
| 2 | 37 | ₹50,000 | ₹48,614 | ₹2,98,614 |
| 3 | 38 | ₹75,000 | ₹75,552 | ₹3,25,552 |
| 4 | 39 | ₹1,00,000 | ₹1,04,415 | ₹3,54,415 |
| 5 | 40 | ₹1,25,000 | ₹1,35,342 | ₹3,85,342 |
| 6 | 41 | ₹1,50,000 | ₹1,68,483 | ₹4,18,483 |
| 7 | 42 | ₹1,75,000 | ₹2,03,970 | ₹4,53,970 |
| 8 | 43 | ₹2,00,000 | ₹2,41,975 | ₹4,91,975 |
| 9 | 44 | ₹2,25,000 | ₹2,82,679 | ₹5,32,679 |
| 10 | 45 | ₹2,50,000 | ₹3,26,278 | ₹5,76,278 |
| 11 | 46 | ₹2,75,000 | ₹3,72,982 | ₹6,22,982 |
| 12 | 47 | ₹3,00,000 | ₹4,22,983 | ₹6,72,983 |
| 13 | 48 | ₹3,25,000 | ₹4,76,521 | ₹7,26,521 |
| 14 | 49 | ₹3,50,000 | ₹5,33,851 | ₹7,83,851 |
| 15 | 50 | ₹3,75,000 | ₹5,95,248 | ₹8,45,248 |
| 16 | 51 | ₹4,00,000 | ₹6,61,007 | ₹9,11,007 |
| 17 | 52 | ₹4,25,000 | ₹7,31,390 | ₹9,81,390 |
| 18 | 53 | ₹4,50,000 | ₹8,06,732 | ₹10,56,732 |
| 19 | 54 | ₹4,75,000 | ₹8,87,393 | ₹11,37,393 |
| 20 | 55 | ₹5,00,000 | ₹9,73,757 | ₹12,23,757 |
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 Jeevan Plus Plan 173?
LIC Jeevan Plus (Plan 173) is one of LIC’s first unit-linked insurance plans (ULIPs), following Future Plus 172. A ULIP combines two things:
- life cover, paid for through a monthly mortality charge, and
- investment, where your premium buys units in a fund such as bond, income, balanced or growth.
Your policy value therefore rises and falls with the market. Our sources say Jeevan Plus was introduced in 2005 and sold only briefly before LIC moved on to newer ULIPs such as Money Plus 180. We could not verify the exact launch and withdrawal dates, so we do not quote them. The plan is withdrawn for new buyers.
Jeevan Plus at a glance
| Feature | Details (as per our sources) |
|---|---|
| Plan number | 173 |
| Plan type | Unit-linked insurance plan |
| Entry age | Up to 65 years |
| Premium | Regular (yearly, half-yearly, quarterly) or single |
| Minimum premium | ₹5,000 a year regular; ₹25,000 single |
| Sum assured (regular) | 5 to 50 times annual premium, minimum ₹50,000 |
| Death benefit | Sum assured + fund value |
| Maturity benefit | Fund value |
| Fund switching | Allowed, with limited free switches |
How the calculator projects your fund
Our source calculator simply compounded 90% of the premium. We keep that 90% allocation and add the other charges a ULIP deducts, so the result is closer to reality:
- Allocation: 90% of each premium buys units.
- Policy administration: an assumed ₹240 a year.
- Mortality charge: based on your age and the sum assured, deducted every year.
- Fund growth: at the return you enter.
- Fund management charge: 0.5% (bond) to 0.8% (growth) of the fund each year.
The 4% and 8% results follow the standard illustration rates used for ULIPs. They are scenarios, not promises. No GST is modelled; individual life insurance policies, ULIPs included, are GST-exempt from 22 September 2025.
Worked example: age 35, ₹25,000 a year for 20 years, sum assured 10× (₹2,50,000), balanced fund.
- Total premiums: ₹5,00,000.
- Fund value at 8%: about ₹9,73,757. At 4%: about ₹6,13,175.
- Charges deducted over 20 years at 8%: about ₹1,28,432.
- Death benefit at the end of year 20: ₹2,50,000 + fund, about ₹12,23,757.
- Effective yearly return after charges: about 6%.
Tip: your real fund value is in LIC’s unit statement. Use this calculator to understand the future, not to replace that statement.
Death benefit
The nominee receives the sum assured plus the fund value at the time of death. Because the fund is paid in addition to the cover, the mortality charge applies to the whole sum assured every year. A high multiple, such as 50×, raises that charge noticeably at older ages.
Maturity, withdrawals and switching
At the end of the term, the policy pays the fund value. Our source describes the policy as running to a high age, while its calculator projected 5 to 30 years, so check your policy bond for your own maturity date. Partial withdrawals and fund switches were allowed within limits.
Should you continue a Jeevan Plus policy?
Old ULIPs often have low ongoing charges once the early years are over, so continuing can make sense if the fund choice suits you. Compare the projection here with your statement, and see our ULIP plan calculator or LIC’s newer Index Plus 873 before switching money elsewhere.
How to use this calculator
- Enter age and years to project.
- Enter the annual premium and mode.
- Choose the sum assured multiple and fund.
- Set an expected return.
- Read the fund value, the 4% and 8% scenarios, charges and death benefit, plus the year-wise table.
Frequently asked questions
What is LIC Jeevan Plus Plan 173?
It is one of LIC's early unit-linked insurance plans. Part of each premium pays for life cover and charges; the rest buys units in a fund of your choice. The value of your policy moves with the market, so returns are not guaranteed.
Can I still buy Jeevan Plus 173?
No. Our sources say it was introduced in 2005 and withdrawn soon after, although we have not been able to confirm the exact dates. Existing policies continue under their original terms. For a current LIC ULIP, look at Index Plus 873.
What is the death benefit in Jeevan Plus?
According to the plan description in our source, the nominee receives the sum assured plus the fund value on the date of death. Because the fund is paid on top of the cover, the life cover charge is based on the full sum assured.
How much will my Jeevan Plus fund be worth?
It depends on premiums, charges and fund performance. For ₹25,000 a year over 20 years from age 35, our calculator projects about ₹9,73,757 at 8% and ₹6,13,175 at 4%, against ₹5,00,000 paid. Check your latest LIC unit statement for the actual value.
What charges apply to Jeevan Plus?
ULIPs of that era deducted a premium allocation charge, a policy administration charge, a fund management charge and a mortality charge by cancelling units. Our calculator assumes 90% allocation, ₹240 a year for administration, 0.5% to 0.8% fund management and age-based mortality.
What sum assured can I choose in Jeevan Plus?
For regular premiums, the sum assured ranged from 5 to 50 times the annual premium, with a minimum of ₹50,000. Higher cover means higher mortality charges, which reduce the fund value, especially at older ages.
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.