LIC SIIP Plan 752 Calculator: Fund Value, Returns and Benefits of LIC's Regular-Premium ULIP

What is LIC SIIP Plan 752?

LIC SIIP 752 is LIC’s Systematic Investment Insurance Plan: a unit-linked, non-participating, regular-premium life insurance policy. Think of it as a monthly investment habit with a life cover wrapped around it. Each premium buys units in the fund you choose. The value of those units moves with the market, and LIC adds guaranteed additions at fixed milestones.

Plan 752 (UIN 512L334V02) is the revised version of SIIP 852, available from 1 November 2024. The structure is familiar: 10 to 25-year terms, cover of 10 times the annual premium, four funds and a 5-year lock-in.

Because returns are market-linked, the only guaranteed money is the additions. The calculator above lets you test different returns and see the fund value after charges.

SIIP 752 at a glance

Feature	Details
Plan number / UIN	752 / 512L334V02
Plan type	Regular premium, unit-linked, non-participating
Available from	1 November 2024 (revised version of Plan 852)
Minimum premium	₹42,000 yearly · ₹21,000 half-yearly · ₹10,500 quarterly · ₹3,500 monthly
Premium paying term	Same as policy term
Sum assured	10 × annualised premium (7 × from age 55)
Funds	Bond, Secured, Balanced, Growth
Guaranteed additions	5%, 10%, 15%, 20%, 25% of one annual premium at end of years 6, 10, 15, 20, 25
Lock-in	5 years
Fund switches	4 free a year

Eligibility

Condition	Minimum	Maximum
Entry age	30 days	65 years
Maturity age	18 years	85 years
Policy term	10 years	25 years
Annual premium	₹42,000	No limit

How the SIIP 752 calculator works

The calculator follows the charges and method in LIC’s published sales brochure for SIIP 752 and reproduces the brochure’s sample benefit illustration. For a 35-year-old paying ₹60,000 a year for 15 years through an agent (sum assured ₹6 lakh, Bond Fund), the brochure shows a maturity value of ₹10,59,263 at 4% and ₹14,71,897 at 8%, and the calculator gives the same figures. The only assumption is the gross return.

Month by month, the calculator:

1. deducts the premium allocation charge from each premium: 8% in year 1, 5.5% in years 2–5 and 3% from year 6 through an agent, or 3%, 2% and 1% if you buy online;
2. deducts the policy administration charge: nil for the first five years, then ₹150 a month from year 6, rising 5% a year up to ₹500 a month;
3. deducts a mortality charge on the sum at risk (sum assured minus fund value) at LIC’s age-wise rates, for example ₹1.62 a year per ₹1,000 at age 35 and ₹5.99 at 50. It shrinks as the fund grows;
4. grows the fund at your expected gross return and deducts the fund management charge of 1.35% a year, the same on all four funds (0.5% on the discontinued policy fund);
5. adds the guaranteed addition at the end of years 6, 10, 15, 20 and 25, and at maturity refunds all the mortality charges deducted, provided every premium has been paid.

No GST is added. Individual life insurance, ULIPs included, is GST-exempt from 22 September 2025. Earlier, 18% GST applied to ULIP charges.

Worked example. A 30-year-old pays ₹5,000 a month (₹60,000 a year) for 20 years through an agent. Life cover is ₹6,00,000 and total premiums come to ₹12,00,000.

Gross return	Estimated maturity value	Net yield
4%	₹14,96,266	2.06%
8%	₹23,00,131	5.85%
8% (bought online)	₹23,65,780	6.10%

The 8% figure includes ₹30,000 of guaranteed additions and ₹3,840 of refunded mortality charges. The gap between the gross 8% and the net 5.85% is the effect of charges over 20 years.

Smallest premium. At the minimum ₹3,500 a month, a 35-year-old with a 15-year term pays ₹6,30,000 in total. At 8%, the estimated fund is ₹9,90,973, a net yield of 5.48%.

Tip: the first five years carry the heaviest charges. SIIP only makes sense if you are confident you can keep paying for the full term.

Maturity benefit

On maturity, LIC pays the fund value (units × NAV) plus a refund of all mortality charges deducted during the term, provided all premiums have been paid. You can take it at once or through the settlement option over up to five years. There is no separate maturity bonus. The guaranteed additions are already part of the fund.

Death benefit

The nominee receives the highest of:

• the basic sum assured, less partial withdrawals in the previous two years,
• the fund value, or
• 105% of all premiums paid.

In our example, by year 20 the nominee would get at least ₹12,60,000 (105% of premiums), or the fund value if higher.

Joining after 55

From age 55, cover drops to 7 times the annual premium. A 58-year-old paying ₹60,000 a year for 15 years gets ₹4,20,000 of cover. At 8%, the estimated maturity value is ₹14,54,062 (5.79% a year), against 5.93% for a 35-year-old on the same premium and term. Mortality charges are much higher at older ages; they are refunded at maturity, but the money deducted along the way misses years of growth.

Other features

• Fund switching: four free switches a year among Bond, Secured, Balanced and Growth.
• Partial withdrawal: after the fifth year, subject to limits that protect the death benefit.
• Revival: a discontinued policy can be revived within the period allowed by the policy.
• Rider: the Linked Accidental Death Benefit Rider is available for extra cover.

Tax benefits

Premiums qualify under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (old regime) up to ₹1.5 lakh a year. Because cover is 10 times the premium, the maturity value is usually exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)), provided your total ULIP premiums stay within ₹2.5 lakh a year. For entries at 55 or later, cover is only 7 times the premium, so the 10% condition may not be met. Check with a tax adviser. Death benefit is always tax-free.

Who should consider SIIP 752?

It suits salaried people who want a disciplined monthly investment of ₹3,500 or more for 15 to 25 years, value LIC’s guaranteed additions and would otherwise not stay invested. If you want a lump-sum version, look at Nivesh Plus 749. If you mainly want low charges and flexibility, compare the yield with a mutual fund SIP calculator.

SIIP 752 vs SIIP 852

	SIIP 852	SIIP 752
UIN	512L334V01	512L334V02
Status	Withdrawn	On sale from 1 Nov 2024
Minimum premium	₹3,500 a month	₹3,500 a month
Cover	10 × AP (7 × from 55)	10 × AP (7 × from 55)
Guaranteed additions	5–25% of one AP	5–25% of one AP

The core benefits did not change. The new UIN reflects LIC’s re-filing of the product. Existing 852 policies continue unchanged.

How to use this calculator

Enter the annual premium, mode, age, term and purchase channel, then try 4% and 8% returns. The results show the fund value, net yield, instalment, guaranteed additions, charges and death benefit. The table under the calculator shows maturity values for ₹5,000 a month at different returns and terms. All numbers are estimates.