LIC ULIP Plan Calculator: Fund Value, Charges and Net Return Year by Year

What does the LIC ULIP calculator do?

A ULIP (unit linked insurance plan) splits your premium between life cover and a market-linked fund. LIC offers several: regular-premium plans such as SIIP (752), Index Plus (873) and Protection Plus (886), and the single-premium Nivesh Plus (749). Each has its own charge schedule. This calculator uses SIIP’s published charges for regular premiums and Nivesh Plus’s for a single premium. Index Plus and Protection Plus charge differently, so use their own calculators: Index Plus 873 and Protection Plus 886.

Enter your premium, age, term, how you buy (agent or online) and an expected return. The calculator runs the fund forward one year at a time and shows:

• the fund value at maturity;
• the net yield after charges (IRR) and the reduction in yield, the gap between the gross return and what you actually earn;
• the guaranteed additions credited and the total charges kept by LIC;
• your life cover and the death benefit in the final year;
• a year-wise table of premium, charges and fund value.

We are an independent site. The charges come from LIC’s published brochures, but the results are estimates. Always check the benefit illustration LIC gives you before investing.

How it works

The calculator follows the charges and method in LIC’s published sales brochures for SIIP (Plan 752, UIN 512L334V02) and Nivesh Plus (Plan 749, UIN 512L317V02), and reproduces their sample benefit illustrations. For example, the SIIP brochure shows ₹14,71,897 at maturity for a 35-year-old paying ₹60,000 a year for 15 years at 8% (₹10,59,263 at 4%), and the calculator gives the same figures. The Nivesh Plus brochure example (age 30, ₹1,25,000 single premium, 20 years, 8%) also matches at ₹4,65,044.

1. Premium allocation charge is taken from each premium before units are bought. For regular premiums (SIIP) it is 8% in year 1, 5.5% in years 2 to 5 and 3% after that through an agent, or 3%, 2% and 1% online. For a single premium (Nivesh Plus) it is 3.3% through an agent or 1.5% online.
2. Policy administration charge (SIIP only) is ₹150 a month from year 6, rising 5% a year, up to ₹500 a month.
3. Mortality charge covers your life insurance. It is charged on the sum at risk (life cover minus fund value) at LIC’s published age-wise rates. As the fund grows, the sum at risk and the charge shrink. SIIP refunds all mortality charges at maturity; Nivesh Plus does not.
4. Growth: the remaining fund grows at your expected gross return.
5. Fund management charge of 1.35% a year is deducted from the fund.
6. Guaranteed additions are added to the fund: 5%, 10%, 15%, 20% and 25% of one annual premium at the end of years 6, 10, 15, 20 and 25 in SIIP, and 3%, 4%, 5%, 6% and 7% of the single premium at the same points in Nivesh Plus.
7. No GST: individual policies, including ULIPs, have been GST-exempt since 22 September 2025. Before that, 18% GST was added to every charge.
8. Net yield (IRR) compares the premiums you paid with the final fund.

Life cover follows the plans’ rules: 10 × annual premium in SIIP (7 × if you join at 55 or older), and 1.25 × single premium in Nivesh Plus Option 1. Regular premiums are assumed to be paid yearly. The minimum is ₹42,000 a year for regular premiums and ₹1,25,000 for a single premium.

Worked example

Regular premium: age 30, ₹60,000 a year for 15 years, bought through an agent, 8% gross return.

Item	Amount
Total invested	₹9,00,000
Total charges kept by LIC	₹1,88,736
Guaranteed additions	₹18,000
Estimated fund value (incl. mortality refund)	₹14,73,106
Estimated gain	₹5,73,106
Net yield after charges	5.94% a year
Reduction in yield	2.06%
Life cover	₹6,00,000

Change only the return and the picture shifts sharply:

Gross return	Fund after 15 years	Net yield
4%	₹10,59,696	2.02%
8%	₹14,73,106	5.94%
12%	₹20,73,791	9.87%

Buying the same policy online, where the allocation charge is lower, raises the 8% fund to ₹15,16,949 (6.28%).

Single premium: ₹5,00,000 invested once at age 30 for 10 years at 8% grows to about ₹9,51,328, a net yield of 6.64% after ₹1,08,750 of charges and with ₹35,000 of guaranteed additions. Life cover is ₹6,25,000.

Tip: always look at the 4% line as well as the 8% line. Insurers must illustrate both, and your real result will depend on the fund you pick and how long you stay invested.

ULIP or a traditional LIC plan?

A traditional plan such as Jeevan Labh gives a guaranteed sum assured plus bonuses, with returns usually in the 5–7% range and little risk of loss. A ULIP has no guaranteed maturity amount: the fund can end up well above or below what you paid, depending on the markets. In return, you get transparency (you can see the unit price every day), a choice of funds, free switches and partial withdrawals after year 5. Choose a ULIP only if you are comfortable with market ups and downs and can stay invested for at least 10 to 15 years.

How to read the results

• Estimated fund value is what you would receive at maturity if the fund earned your chosen return every year. For regular premiums it includes the guaranteed additions and SIIP’s refund of mortality charges.
• Net yield after charges is the fairest number to compare with a mutual fund SIP or PPF. The reduction in yield tells you how much the charges cost you each year.
• Total charges kept by LIC adds up allocation, administration and fund management charges over the term (for a single premium, allocation, mortality and fund management). SIIP’s mortality charges are left out because they are refunded at maturity.
• Death benefit shows the highest of the cover, the fund value and 105% of premiums in the final year. Early on, the cover is higher; later, the fund usually is.
• Open the year-wise fund value table to see the allocation charge drop after year 5, the guaranteed additions arrive and the fund compound.

Tips and common mistakes

• Stay for the full term. Charges are front-loaded. Exiting soon after the five-year lock-in gives a much lower net return than holding for 15 years or more.
• Pick the fund on purpose. A bond fund suits a short remaining term; a growth or index fund suits a long one. Use free switches to move to safer funds as maturity approaches.
• Compare with term plan plus mutual fund. Put the same premium into a SIP calculator alongside a cheap term plan and compare the results.
• Mind the tax limit. If your total ULIP premium is above ₹2.5 lakh a year, maturity gains become taxable.
• Don’t skip premiums in the lock-in. Discontinued policies move to a low-return discontinuance fund until year 5.

Related calculators

• LIC SIIP Plan 752: LIC’s systematic investment ULIP.
• LIC Index Plus Plan 873: index-linked regular-premium ULIP.
• LIC return calculator: IRR for traditional LIC plans, for comparison.