LIC Invest Plus Plan 280

LIC Invest Plus is a unit-linked life insurance plan with a single premium payment and whole-of-life cover. Rather than paying premiums year after year, the policyholder pays once and stays invested in market-linked funds for as long as the policy remains active, with a death benefit running alongside the investment throughout.

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We are rated++
rating
15.8 Crore
Registered Consumer
53
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7.16 Crore
Policies Sold

About LIC Invest Plus Plan 280

LIC Invest Plus is designed for people who want to invest a lump sum amount in the market while keeping life cover active indefinitely, rather than committing to recurring premiums. It is an individual, unit-linked, whole-of-life policy funded through a single premium payment, where the premium is invested across funds managed by different fund houses through an all-funds platform, and the investment risk is entirely borne by the policyholder.

Key Features of LIC Invest Plus Plan 280

The plan is built around a few defining features that separate it from a traditional endowment policy:

  • Individual, unit-linked, whole-of-life policy funded through a single premium payment

  • No recurring premiums, since the entire investment is made upfront

  • Premium invested across funds managed by different fund houses through an all-funds platform, with the policyholder choosing the allocation

  • Fund value that moves up or down with market performance, since investment risk sits with the policyholder

  • Unlimited fund switching at no charge throughout the policy term

  • No maturity date, since this is a whole-of-life product rather than a fixed-term one

  • Partial withdrawals allowed anytime, subject to a minimum remaining fund value of USD 15,000

  • Top-up premiums starting at USD 1,500, in multiples of USD 100, can be added at any point during the policy term

Eligibility Criteria for LIC Invest Plus Plan

Eligibility under LIC Invest Plus is set by age and premium amount rather than by a payment term, since the whole premium is paid upfront. These limits determine who qualifies and how the investment scales:

Attribute Minimum Maximum
Entry Age 0 years 70 years (completed)
Single Premium USD 10,000 No limit, subject to underwriting
Top-Up Premium USD 1,500, in multiples of USD 100 No limit, subject to underwriting
Premium Payment Mode Single premium —
Policy Term Whole of life —

Benefits of LIC Invest Plus Plan

LIC Invest Plus benefits are as follows:

Death Benefit

In the event of the death of the life assured, 101% of the fund value as on the date of death is paid to the nominee. The policy terminates once this payment is made.

Maturity Benefit

As LIC Invest Plus is a whole-of-life plan, there is no maturity benefit tied to a fixed policy term. Instead, the policyholder can withdraw 100% of the fund value at any point, subject to applicable surrender charges.

Partial Withdrawal

Partial withdrawals are allowed at any time during the policy term. The remaining fund value must stay above USD 15,000 after the withdrawal, and each withdrawal must be for at least USD 1,500. The withdrawal amount is paid net of surrender charges, and the policy continues in force afterwards.

Fund Switching

The policyholder can switch between funds an unlimited number of times during the policy term, at no charge. If a fund house withdraws a particular fund, the policyholder can either move that investment to another fund or withdraw its full value without incurring a surrender charge.

Policy Details of LIC Invest Plus Plan

LIC Invest Plus has several features that shape how the policy is administered. Below are the policy details discussed briefly:

Charges Under the Plan

LIC Invest Plus includes several charges that are deducted from the fund value:

Charge Type Rate
Establishment Charge 0.135% of the single premium per month, deducted from the start of month 2 for 36 months; 2.5% on top-up premiums
Policy Management Charge 1.2% per annum of the fund value, deducted monthly at one-twelfth of the annual rate
Policy Administration Charge USD 8 per month, waived if the single premium is USD 50,000 or above
Fund Charges
Mortality Charge Nil
Switching Charge Nil

Surrender Charge

Surrender charges apply according to the schedule below, tapering down as the policy matures:

Policy Month of Surrender Surrender Charge
1–12 Lock-in, not allowed
13–18 6.00%
19–24 4.80%
25–30 3.60%
31–36 2.50%
37–42 1.30%
43–48 1.00%
49–54 0.60%
55–60 0.20%
61 onwards Nil

Grace Period

A grace period does not apply under LIC Invest Plus. Since the plan is funded through a single, one-time premium rather than recurring instalments, there is no due date for future premiums that could trigger a lapse.

Free Look Period

A 30-day free look period is available from the date of policy issuance, the commencement of coverage, or the date the policy documents are signed, whichever is earlier. Within this period, the policyholder can return the policy and receive the value of allocated units plus any unallocated premium, after deducting cancellation charges and underwriting costs incurred.

Policy on the Life of a Minor

Where the policy is taken on the life of a minor, cover continues in the minor's name from the outset, but ownership of the policy automatically vests in the life assured once they attain majority, at which point they take over the rights previously exercised on their behalf.

Surrender Value

The policy acquires a surrender value immediately on completion of one full policy year. This value is calculated as the fund value on the date of surrender, after deducting the relevant surrender charge, and the applicable charge is recovered by cancelling units rather than as a separate deduction.

Loan Facility

No loan facility is available under LIC Invest Plus. Policyholders who need liquidity before the fund value is otherwise accessible would instead need to rely on the plan's partial withdrawal or full surrender options.

Assignment

Assignment is not permitted at any stage of the policy, meaning the policyholder cannot transfer their rights or ownership under this plan to another party.

Nominee / Beneficiary

The life assured can appoint a nominee to receive the policy proceeds on death. This can be done at the time of purchase or later by endorsement. The nominee can be changed anytime, provided the change is submitted in writing and registered by the company.

Paid Up Value

A paid-up value does not apply under LIC Invest Plus, since this is a single premium plan with no recurring premiums that could lapse.

Exclusions of LIC Invest Plus Plan 280

Certain circumstances limit or remove the payout under LIC Invest Plus, and a free look period gives the policyholder a window to exit the policy shortly after buying it.

Suicide

If the death of the life assured results directly or indirectly from suicide, whether sane or insane at the time, within 12 months of the risk commencement date, only the fund value is payable as the death benefit, after deducting applicable charges.

Other Restrictions

If a nominee causes the death of the life assured through a violent act, that nominee forfeits the right to the death benefit, though it remains payable to other legal heirs. Claims arising directly or indirectly from war, invasion, riot, rebellion, or terrorism are not payable under this plan.

Fund Management and Risk Under LIC Invest Plus Plan 280

Fund value under LIC Invest Plus depends entirely on the performance of the chosen funds, and the plan carries the same market exposure as any unit-linked product:

  • Funds span a range of investment styles, risk levels, and asset types, managed by different fund houses through the all-funds platform

  • Since this is a unit-linked product, the premium paid is subject to market risk, and unit values can rise or fall based on fund performance

  • The name of the plan does not indicate the quality or future performance of either the funds or the contract itself

FAQs

  • Q1. What is the maturity amount of LIC Invest Plus Plan 280?

    Ans: No guaranteed maturity sum assured, as the LIC Invest Plus Plan 280 is a whole-of-life ULIP and the fund value can be encashed at any time by the policyholder, if he/she wishes to do so, and might attract any relevant surrender charges under the plan.
  • Q2. What is the minimum investment required for LIC Invest Plus Plan 280?

    Ans: The minimum single premium is 10,000USD for LIC Invest Plus Plan 280. Policyholders are also given the option to top up investments of 1,500USD and above (10, 100 USD), during the policy term.
  • Q3. Can I withdraw money from LIC Invest Plus Plan 280?

    Ans: Yes. With LIC Invest Plus Plan 280 partial withdrawals are permitted at any time. The minimum drawdown amount is USD 1,500 and the minimum remaining fund value is USD 15,000.
  • Q4. What is the death benefit under LIC Invest Plus Plan 280?

    Ans: Nominees will be paid 101% of the fund value as on date of death of the life assured if dead during the policy term. The policy ceases to exist after payment of death benefit to the nominee.
  • Q5. Is LIC Invest Plus Plan 280 a single premium plan?

    Ans: Yes. LIC Invest Plus Plan 280 is a Single Premium ULIP, which means the premium has to be paid only once at the beginning of the policy. The investments are market linked throughout the entire policy with a whole of life insurance.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

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