LIC Market Plus (Plan 181) is a unit-linked deferred pension plan launched on 5 July 2006 and no longer sold. Premiums buy fund units; at vesting you can take up to one-third as cash and use the rest for a pension. By our calculator, ₹50,000 a year for 20 years at an assumed 8% gross return grows to about ₹20.97 lakh, enough for roughly ₹7,574 a month.
Market Plus 181 Fund Value & Pension Calculator
Your estimate
at vesting
from 2/3 of the fund at an assumed 6.5% annuity rate
- Premium per instalment
- ₹50,000
- Total premium paid
- ₹10,00,000
- Total charges deducted
- ₹1,92,637
- Lump sum on vesting (up to 1/3)
- ₹6,99,129
- Yearly pension
- ₹90,887
- Death benefitin the last year: fund value + sum assured
- ₹25,97,386
- Approx. return (IRR)
- 6.62%
- Vesting age
- 55 years
- Total premium paid₹10,00,00048%
- Net gain₹10,97,38652%
Year-wise fund value projection
| Year | Age | Premium paid | Estimated fund value | Death benefit |
|---|---|---|---|---|
| 1 | 36 | ₹50,000 | ₹43,198 | ₹5,43,198 |
| 2 | 37 | ₹50,000 | ₹97,493 | ₹5,97,493 |
| 3 | 38 | ₹50,000 | ₹1,55,668 | ₹6,55,668 |
| 4 | 39 | ₹50,000 | ₹2,18,004 | ₹7,18,004 |
| 5 | 40 | ₹50,000 | ₹2,84,801 | ₹7,84,801 |
| 6 | 41 | ₹50,000 | ₹3,56,384 | ₹8,56,384 |
| 7 | 42 | ₹50,000 | ₹4,33,044 | ₹9,33,044 |
| 8 | 43 | ₹50,000 | ₹5,15,151 | ₹10,15,151 |
| 9 | 44 | ₹50,000 | ₹6,03,099 | ₹11,03,099 |
| 10 | 45 | ₹50,000 | ₹6,97,310 | ₹11,97,310 |
| 11 | 46 | ₹50,000 | ₹7,98,238 | ₹12,98,238 |
| 12 | 47 | ₹50,000 | ₹9,06,307 | ₹14,06,307 |
| 13 | 48 | ₹50,000 | ₹10,22,032 | ₹15,22,032 |
| 14 | 49 | ₹50,000 | ₹11,45,968 | ₹16,45,968 |
| 15 | 50 | ₹50,000 | ₹12,78,711 | ₹17,78,711 |
| 16 | 51 | ₹50,000 | ₹14,20,899 | ₹19,20,899 |
| 17 | 52 | ₹50,000 | ₹15,73,107 | ₹20,73,107 |
| 18 | 53 | ₹50,000 | ₹17,36,063 | ₹22,36,063 |
| 19 | 54 | ₹50,000 | ₹19,10,544 | ₹24,10,544 |
| 20 | 55 | ₹50,000 | ₹20,97,386 | ₹25,97,386 |
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 Market Plus Plan 181?
LIC Market Plus (Plan 181) is a unit-linked deferred pension plan. Your premiums, after charges, buy units in the fund you choose. The units grow with the market until the vesting date, when the money is used for your retirement income.
LIC launched Market Plus on 5 July 2006. It was later replaced by Market Plus I (Plan 191), launched in June 2008, and it is no longer sold. If you hold a Market Plus 181 policy, this calculator helps you estimate your fund value at vesting and the pension it may buy.
Market Plus 181 at a glance
| Feature | Details |
|---|---|
| Plan number | 181 |
| Plan type | Unit-linked deferred pension plan |
| Entry age | 18 to 70 without life cover; 18 to 65 with life cover |
| Vesting age | 40 to 75 years |
| Minimum deferment | 5 years |
| Premium | Regular (yearly, half-yearly, quarterly) or single |
| Minimum premium | ₹5,000 a year (regular); ₹10,000 (single) |
| Life cover | Optional; up to 20× annual premium (regular) |
| Funds | Bond, Secured, Balanced, Growth |
| Loan | Not available |
| Status | Withdrawn |
How the fund value is projected
The calculator works year by year:
- Allocation charge is taken from each premium: 16.5% in year 1 and 2.5% from year 2 (3.3% on a single premium).
- Administration charge of ₹60 a month in the first year and ₹20 a month after that is deducted (regular premium).
- Mortality charge is deducted if you chose life cover, based on your age and the sum assured.
- The balance grows at your assumed return, less the fund management charge (0.5% to 0.8% depending on the fund).
Example 1. A 35-year-old pays ₹50,000 a year for 20 years into the Balanced fund with life cover of 10× the premium (₹5 lakh). At an assumed 8% gross return, the fund reaches about ₹20,97,386 at age 55. Total premiums are ₹10 lakh and charges take about ₹1,92,637, so the approximate return is 6.62% a year.
Example 2. A 45-year-old invests a single premium of ₹2 lakh for 15 years without life cover. The fund grows to about ₹5,52,143 by age 60, a return of about 7% a year.
Tip: try 4%, 8% and 12% in the return field. ULIP returns are not guaranteed, and a range is more honest than a single number.
Vesting benefit
On vesting you receive the full fund value and can:
- Commute up to one-third as a lump sum. In example 1, that is about ₹6,99,129.
- Use the remaining two-thirds to buy an annuity. At an assumed 6.5% rate, example 1 gives about ₹90,887 a year, or ₹7,574 a month.
- Buy the pension from another insurer, provided you inform LIC at least six months before vesting.
Death benefit
- With life cover: sum assured plus fund value. In example 1, about ₹25,97,386 in the final year.
- Without life cover: fund value only.
- Lapsed before three years’ premiums: fund value on the date LIC is informed of the death.
The nominee can take the amount as a lump sum or as a pension. An accident benefit rider was available at about ₹0.50 per ₹1,000 a year.
Charges and tax
Our projection does not add GST on charges, because individual life policies have been GST-exempt since 22 September 2025. In earlier years, service tax and later GST were deducted on charges, so your actual fund value may be a little lower.
Premiums qualified for deduction under Section 123 of the Income-tax Act, 2025 (earlier Section 80CCC) (pension plans) in the old tax regime. The one-third commutation is generally tax-free, while the pension is taxed as income.
Market Plus 181 vs Market Plus I 191
Market Plus I, launched in June 2008, kept the same idea but changed the rules. It lowered the first-year allocation charge for larger premiums, required a minimum 10-year deferment for regular premiums, raised the minimum single premium to ₹30,000 and allowed vesting up to age 85 without life cover. For a present-day pension ULIP, see LIC New Pension Plus (Plan 867), or compare options with the LIC ULIP calculator.
How to use this calculator
- Choose regular or single premium and enter your age.
- Enter the premium and the deferment period.
- Pick a fund and an assumed return.
- Select the life cover option.
- Read the fund value, lump sum, pension estimate and year-wise table. Figures are illustrations, not guaranteed values.
Frequently asked questions
Can I still buy LIC Market Plus Plan 181?
No. Market Plus 181 is closed to new buyers. LIC replaced it with Market Plus I (Plan 191) in June 2008. Existing policies continue under their original terms until vesting.
What happens at vesting in Market Plus 181?
You receive the fund value. You can commute up to one-third as a lump sum and must use the rest to buy a pension, either from LIC or from another insurer if you inform LIC at least six months before the vesting date.
What is the death benefit under Market Plus 181?
With life cover, the nominee receives the sum assured plus the fund value. Without life cover, only the fund value is paid. If the policy had lapsed before three years' premiums were paid, the fund value on the date of intimation is paid.
What charges apply in LIC Market Plus 181?
Charges include a premium allocation charge (about 16.5% in the first year and 2.5% later in our model), a policy administration charge of ₹60 a month in year 1 and ₹20 a month after, a fund management charge and, if you have life cover, mortality charges.
Is there a loan facility in Market Plus 181?
No. The plan does not offer policy loans. If you need money before vesting, surrender is the only route, and the fund value is paid only after the lock-in rules are met.
How much pension can Market Plus 181 give?
It depends on the fund value and annuity rates at vesting. In our calculator, ₹50,000 a year for 20 years from age 35 builds about ₹20.97 lakh. Two-thirds of that at an assumed 6.5% annuity rate gives about ₹7,574 a month.
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.