LIC SIP Calculator
Monthly SIP Returns Calculator for LIC Index Plus and ULIP Plans
LIC Mutual Fund SIP (Plan SIP) Overview
This SIP (Systematic Investment Plan) Calculator helps you estimate the future value of your monthly mutual fund investments based on an expected rate of return. It is a powerful tool for planning long-term wealth creation.
Eligibility & Rules
- Minimum Investment: Typically ₹500/month
- Term: Flexible (1 to 30+ Years)
- Expected Return: Varies based on equity/debt fund selection (usually 10-15% for equity).
Key Plan Benefits
- Wealth Creation: Power of compounding helps build a large corpus over time.
- Rupee Cost Averaging: Mitigates market volatility risk.
- Flexibility: Start, stop, or step-up investments easily.
Detailed Maturity Benefit
Basic Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus (if any). Payable on surviving the policy term.
Standard Policy Features
- Grace Period: 30 days for Yearly, Half-Yearly, and Quarterly premium payment modes, and 15 days for Monthly mode.
- Free Look Period: 30 days from the date of receipt of the policy document to review the terms and conditions.
- Loan & Surrender Facility: The policy acquires a Surrender Value and Loan facility after the payment of 2 full years' premiums.
- Tax Benefits: Premiums paid are eligible for tax deduction under Section 80C, and maturity/death benefits are tax-free under Section 10(10D), subject to prevailing tax laws.
Example Calculation
| Parameter | Value |
|---|---|
| Sum Assured | ₹N/A |
| Age / Policy Term | 15 Years Years |
| Yearly Premium (Approx) | ₹5,000 / month |
| Total Paid Premium | ₹9,00,000 |
| Maturity / Total Benefits | ₹25,22,880 (Assuming 12% annual return) |
Calculating