SIIP ULIP Plan 752
LIC SIIP ULIP Plan 752 – Great scheme for people who’s invest in share market, this is the second ULIP scheme launched by LIC in the year 2020. Along with SIIP, LIC has also introduced a single premium ULIP plan, called LIC Nivesh Plus ULIP Plan 849. The scheme is also available in online and offline modes. You can invest in four different fund options as per this plan.
Introduction – Why Indians are Choosing Market-Linked Insurance
Most Indian families invest in traditional LIC policies like Endowment, Jeevan Anand, or Money Back plans because they are safe and guaranteed. But younger investors are looking for higher returns similar to mutual funds, without giving up life insurance protection.
That’s where SIIP ULIP Plan 752 comes in.
- SIIP = Systematic Investment Insurance Plan
- A Unit Linked Insurance Plan (ULIP) where you pay regular premiums.
- Premium is invested in LIC’s funds (equity, debt, balanced, secured).
- Provides life cover + wealth creation.
In short: Insurance + Investment + Flexibility in One Plan.
What is LIC SIIP ULIP Plan 752?
LIC SIIP 752 is a regular premium, non-linked, market-linked Unit Linked Insurance Plan (ULIP).
Key Highlights:
- Combines protection and investment.
- Premium is invested in unit-linked funds.
- Provides life insurance cover during policy term.
- On maturity, returns are linked to fund performance.
- Offers fund switching & partial withdrawal after 5 years.
👉 Best for those who want long-term wealth creation with insurance security.
Key Features of LIC SIIP Plan 752
| Feature | Details |
|---|---|
| Plan Type | Regular Premium ULIP |
| Plan Number | 752 |
| Entry Age | 90 days – 65 years |
| Maturity Age | Max 85 years |
| Policy Term | 10 – 25 years |
| Premium Payment Term | Same as policy term |
| Premium Payment Mode | Yearly, Half-yearly, Quarterly, Monthly |
| Minimum Annual Premium | ₹40,000 (Yearly) |
| Maximum Premium | No Limit |
| Sum Assured | 10× Annual Premium (Age < 55), 7× Premium (Age ≥ 55) |
| Fund Options | Bond, Secured, Balanced, Growth |
| Partial Withdrawal | Allowed after 5 years |
| Loyalty Additions | Yes |
| Tax Benefits | 80C & 10(10D) |
Investment Options in SIIP ULIP 752
You can choose from 4 LIC-managed funds:
| Fund Type | Risk Profile | Where Money is Invested | Suitable For |
|---|---|---|---|
| Bond Fund | Low Risk | Govt. Bonds, Debt Securities | Safe investors |
| Secured Fund | Low-Medium Risk | Debt + Small Equity | Conservative |
| Balanced Fund | Medium Risk | Debt + Equity mix | Moderate investors |
| Growth Fund | High Risk | Mostly Equity | Aggressive investors |
👉 Pro Tip:
- For long-term goals (15+ years) → Growth Fund is best.
- For stable returns with safety → Secured or Balanced Fund.
How LIC SIIP Plan 752 Works? (Step-by-Step)
- You choose premium amount & policy term.
- LIC allocates units in chosen funds.
- Your investment grows as per fund performance.
- If you survive the term → Get Fund Value.
- In case of death → Nominee gets Sum Assured or Fund Value (whichever is higher).
Example of LIC SIIP Plan 752
👉 Suppose Priya (Age 30) buys SIIP with:
- Premium = ₹1,00,000 annually
- Policy Term = 20 years
- Fund = Growth Fund
Case 1: If Priya survives full 20 years
- At 6% return → Fund Value = ~₹32 Lakhs
- At 8% return → Fund Value = ~₹47 Lakhs
Case 2: If Priya dies in year 10
- Nominee gets Sum Assured = ₹10 Lakhs OR Fund Value (~₹14 Lakhs), whichever is higher.
Premium Illustration (Tabular Data)
Example 1: Premium ₹50,000 annually
| Age | Term | Fund | Sum Assured | Approx Maturity (6%) | Approx Maturity (8%) |
|---|---|---|---|---|---|
| 25 | 20 yrs | Growth Fund | ₹5 Lakhs | ₹16 Lakhs | ₹23 Lakhs |
Example 2: Premium ₹1,00,000 annually
| Age | Term | Fund | Sum Assured | Approx Maturity (6%) | Approx Maturity (8%) |
|---|---|---|---|---|---|
| 30 | 20 yrs | Balanced Fund | ₹10 Lakhs | ₹32 Lakhs | ₹47 Lakhs |
Benefits of LIC SIIP ULIP Plan 752
1. Dual Benefit
Insurance + investment under one plan.
2. Flexibility
Choose funds, switch between them, adjust as per market.
3. Liquidity
Partial withdrawals after 5 years.
4. Market-Linked Growth
Better than traditional LIC plans.
5. Tax Benefits
Under 80C & 10(10D).
6. Loyalty Additions
Boost fund value in later years.
Investor Scenarios – Who Should Buy?
Scenario 1: Young Investor (Growth-Oriented)
Rohit (Age 25) pays ₹40,000 yearly in Growth Fund for 25 years.
- Expected maturity → ₹35–50 Lakhs.
- Best for wealth creation.
Scenario 2: Family Person (Balanced Approach)
Anil (Age 35) invests ₹75,000 yearly for 20 years in Balanced Fund.
- Ensures life cover + decent maturity (₹25–40 Lakhs).
- Perfect for education planning.
Scenario 3: Retirement Planning
Meera (Age 40) invests ₹1,50,000 annually for 15 years.
- Fund value used as retirement corpus.
- Approx return ~₹40–65 Lakhs.
Analyst Opinions
- Financial Experts: “SIIP is designed for investors who want long-term wealth with insurance. Unlike traditional LIC plans, returns are market-linked.”
- Insurance Advisors: “Good for people with stable income who can pay yearly premiums. Avoid if you want 100% guaranteed returns.”
- Market Analysts: “Similar to mutual funds but with life cover. Suitable for moderate risk takers.”
LIC SIIP 752 vs Other LIC Plans
| Feature | SIIP 752 | Nivesh Plus 749 | New Endowment 914 |
|---|---|---|---|
| Plan Type | Regular ULIP | Single Premium ULIP | Traditional Endowment |
| Risk | Market-linked | Market-linked | Guaranteed |
| Premium | Regular (yearly) | One-Time | Regular |
| Returns | Fund Value | Fund Value | SA + Bonus |
| Best For | Salaried Investors | Lump Sum Investors | Risk-averse investors |
Advantages & Disadvantages
✅ Advantages
- Insurance + Investment
- Long-term wealth creation
- Fund switching flexibility
- Partial withdrawals allowed
- LIC brand trust
❌ Disadvantages
- Returns not guaranteed
- Higher charges than mutual funds
- Requires regular premium commitment
Expert Tips to Maximize SIIP Benefits
- Choose Growth Fund for long-term goals (15–25 years).
- Review fund performance every 3 years.
- Use fund switching when markets are volatile.
- Don’t withdraw early → let compounding work.
- Keep a separate term insurance for larger cover.
FAQs on LIC SIIP ULIP Plan 752
Q1. Is SIIP a guaranteed return plan?
👉 No, returns depend on fund performance.
Q2. What is the minimum premium?
👉 ₹40,000 annually.
Q3. Can I withdraw before maturity?
👉 Yes, partial withdrawals allowed after 5 years.
Q4. Is SIIP better than mutual funds?
👉 Mutual funds may give higher returns, but SIIP offers insurance + tax benefits + LIC trust.
Q5. Can NRIs invest?
👉 Yes, NRIs are eligible.
Q6. What is the maximum age limit?
👉 65 years at entry, maturity before 85 years.
Final Verdict – Should You Buy LIC SIIP 752?
LIC SIIP 752 is an excellent choice for:
- Salaried professionals who want long-term wealth creation.
- Parents saving for child education or marriage.
- Young investors comfortable with market-linked returns.
- NRIs looking for LIC-backed ULIP.
👉 Avoid if you want 100% guaranteed fixed returns (choose Endowment/Jeevan Labh instead).
Best Strategy:
- Take SIIP 752 for long-term wealth.
- Combine with a pure term plan for extra insurance cover.
