In Unit Linked Insurance Policies, the investment risk is borne by the policyholder. These insurance products do not offer any liquidity in the first 5 years, as they have a mandatory lock-in period of 5 years. During this period, the policyholder cannot fully or partially withdraw the invested amount or surrender the policy.

IndusInd Nippon Life Prosperity Plus Plan

The IndusInd Nippon Life Prosperity Plus Plan is a unit-linked savings plan designed for individuals who want to grow their wealth while staying financially protected. It combines market-linked investments with life insurance coverage, making it suitable for long-term financial planning. The plan also offers flexibility in investment choices, helping you align your savings with your financial goals.

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Eligibility Criteria for the IndusInd Nippon Life Prosperity Plus Plan

Criteria Minimum Maximum
Entry Age 1 year 60 years
Maturity Age 18 years 70 years
Premium ₹1,00,000 (Regular/Limited) No limit (as per underwriting)
Premium Payment Term Single / 5 / 10 / 15 years Policy Term
Policy Term 10 years 20 years
Premium Frequency Annual / Half-Yearly / Quarterly / Monthly —
Sum Assured As per the premium multiple Subject to underwriting
Eligible Individuals Indian residents —
Plan Type Unit Linked Non-Participating Plan —

Features of the IndusInd Nippon Life Prosperity Plus Plan

Some of the key features of the IndusInd Nippon Life Prosperity Plus Plan include:

  • Life Insurance until Age 75: The plan provides up to 75 years of life insurance coverage, and this coverage will guarantee your family's financial security over a long period of time.
  • Guaranteed Monthly Income: This is one of the best aspects of this plan. Once the premium payment term finishes, the policy begins to pay an amount of money regularly.
  • Lump Sum Maturity Benefit: A lump sum maturity benefit is given at the expiry of the policy term. The money can be invested to achieve long-term financial objectives, such as a retirement plan, children's education, or any other significant milestone in life.
  • Adaptable High Payment Term: The plan lets you choose a premium payment term that aligns with your financial capacity and objectives. You get to choose the time period during which you wish to pay the premiums; hence, you have more control over how well you plan your finances.
  • Adjustable Payout Pay Period of Income: To decide how long you want to take the monthly income, you are allowed to choose that period. This is flexible so you can adjust the plan as per your future requirements, whether you want income over a shorter or longer period.
  • Additional Coverage on Increased Protection: The plan offers optional riders that can be added at an additional fee to increase coverage.

If you want to explore more options from the same insurer, you can check other plans offered under Reliance Life Investment Plans to compare features and benefits.

Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan

Benefits of the IndusInd Nippon Life Prosperity Plus Plan

The IndusInd Nippon Life Prosperity Plus Plan has both savings and protection benefits, hence it is appropriate in cases of long-term financial objectives.

  • Maturity Benefit: The total fund value with any applicable additions is paid out at the end of the policy term.
  • Death Benefit: The nominee will obtain the maximum of: In the event of the death of the policyholder during the term, the nominee will obtain:
    • Sum Assured
    • Fund Value
    • 105% of total premiums paid
  • Wealth Creation: Market-linked investments provide the potential for higher returns over the long-term.
  • Liquidity Option: Partial withdrawals and systematic withdrawal options allow you to access funds when needed.
  • Tax Benefits: The benefits received and payments used in paying premiums, can receive tax advantages according to the applicable laws.

Riders Under the IndusInd Nippon Life Prosperity Plus Plan

The IndusInd Nippon Life Prosperity Plus Plan has optional riders to increase your protection:

  • Critical Illness Rider that provides a lump sum benefit on diagnosis of covered illnesses
  • Additional rider options may be available as per policy terms

Policy Details of the IndusInd Nippon Life Prosperity Plus Plan

It is important to understand the policy details before investing, as they help you make informed decisions.

  • Grace Period: A grace period of 30 days (15 days in monthly mode) is allowed to cover the payment of the premiums without lapse of the policy.
  • Revival: The policy can be revived in 3 years from the date of the first unpaid premium by paying all the outstanding premiums.
  • Free Look Period: You will have 30 days to examine the conditions of the policy and withdraw it in case you are not satisfied.
  • Surrender: The policy can be surrendered, but full benefits are available only after the 5-year lock-in period.
  • Fund Switching: You are permitted to switch between available funds throughout the policy term, and the number of free switches is specified.

You can also review the investment plans available in the market to choose one that aligns with your long-term financial goals.

Fund Name NAV sort icon AUM sort icon 5 Yr Returns sort icon 10 Yr Returns sort icon
Bandhan Life Debt Fund ₹40.54 ₹91 Cr 5.34% 6.2%
Bandhan Life Secure Fund ₹29.14 ₹48 Cr 5.33% 4.5%
Bandhan Life Blue Chip Equity Fund ₹31.16 ₹189 Cr 8.31% 11.26%
Bandhan Life Stable Fund ₹33.37 ₹14 Cr 5.91% 8.61%
Bandhan Life Accelerator Fund ₹48.97 ₹195 Cr 10.09% 12.88%
Bandhan Life Opportunity Fund ₹41.03 ₹238 Cr 13.72% -
Aegon Balanced ₹45.36 ₹12 Cr 6.22% 8.76%
Aegon Enhanced Equity ₹70.58 ₹104 Cr 10.25% 12.55%
Aegon Pension Balanced ₹51.8 ₹2 Cr 7.1% 9.28%
Aegon Pension Debt ₹32.22 ₹4 Cr 5.18% 5.99%
Aegon Pension Enhanced Equity ₹115.3 ₹15 Cr 10.72% 12.86%
Aegon Pension Index ₹87.63 ₹5 Cr 6.38% 10.95%
Aegon Pension Secure ₹28.96 ₹1 Cr 4.73% 4.91%
Aegon Life Group Equity Fund ₹60.89 ₹11 Cr 11.26% -
Bandhan Life Flexi Cap Fund ₹11.38 ₹98 Cr - -
Bandhan Life Mid Cap Fund ₹10.07 ₹92 Cr - -
See more plans

Exclusions Under the IndusInd Nippon Life Prosperity Plus Plan

Suicidal Clause: If death occurs due to suicide within 12 months from policy commencement or revival, the benefit will be payable as per policy terms.

FAQs

  • What investment can be done in the IndusInd Nippon Life Prosperity Plus Plan?

    The plan offers different types of investment opportunities, including self-managed and auto-managed plans, from which you can select the one that aligns with your risk appetite and financial goals.
  • Can one switch the amount of funds during the tenure of a policy?

    Yes, with the plan, you can add money to many types of funds during the policy term, allowing you to adjust your investments in response to changes in market conditions or objectives.
  • Does the IndusInd Nippon Life Prosperity Plus Plan have any lock-in period?

    Yes, there is a 5-year lock-in period with this plan, during which withdrawals or surrenders are restricted in accordance with policy regulations.
  • Is it possible to have received payouts in instalments, rather than in a lump sum?

    Yes, the plan will also offer a settlement option that lets you receive your maturity benefit in instalments over a period you select, rather than in a lump sum.
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Reliance Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1283 Reviews)
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Keshav
Oman, November 10, 2026
★★★★★
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I bought SBI Life-eWealth Plus. The team helped me understand the market-linked features and policy conditions.
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Qatar, November 10, 2026
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Convenient from Australia
I had 100 questions as i live in australia and do not know the process of how to buy policy in india. Policybazaar online process is convenient and I got assistance whenever required.
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Overall, I had a good experience and the team was supportive. Good comparing place.
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Australia, November 08, 2026
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Investment for Future Security
My goal was to buy a good investment plan for my child so that her future education is secured. I explained my requirement to policybazaar expert, and he got an exact plan that i was looking for. Thank you pb.
Neha
Canada, November 08, 2026
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I was very confused and did not understand the terms and conditions of the policies. Policybazaar team was helpful and explained the details in a simple manner.
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United Kingdom, November 07, 2026
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Planning Investments in India
Wanted to buy an investment plan for my retirement when i come back to india. I found the guidance useful while comparing different investment options at policybazaar.
Siddharth
Saudi Arabia, November 07, 2026
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Easy Process for NRIs
I completed my purchasing process from Dubai easily without visiting India. The online assistance was helpful and things went quite smoothly.
Varsha
UAE, November 07, 2026
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Good Experience with Investment Plans
Bought Birla Sun Life Insurance Company Ltd Wealth Smart Plus from PB. they explained the features properly and helped me understand the details.
Aditya
United States, November 07, 2026
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Investing from the USA
I was trying to explore investment options in India, and i live in the USA. Policybazaar team helped me understand the process and answered my queries. I bought an investment plan that i am happy with.
Nishant
New Zealand, November 05, 2026
★★★★★
Overall Service Experience
Good experience with pb. Process was little slow but i am happy with my plan


˜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 Insurance Brokers Private Limited 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
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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