LIC Growth Fund

Read on to know more about LIC Growth Fund in detail.

What is LIC Growth Fund?

LIC Growth Fund refers to the equity-focused investment funds available under ULIP plans provided by LIC of India. These funds invest mainly in equities and growth-oriented market instruments to provide long-term capital appreciation. Since the returns are market-linked, the fund performance depends on stock market movements and prevailing economic conditions.

LIC Growth Funds offer investors the opportunity to participate in equity market growth while maintaining life insurance protection, unlike guaranteed and fixed-return plans like LIC term plans. Investors can monitor fund performance through Net Asset Value (NAV), which fluctuates with market conditions. LIC Growth Funds are generally suitable for investors with a moderate to high-risk appetite and a long-term investment horizon. The Growth Fund LIC policy offerrings are LIC Nivesh Plus 749, LIC SIIP 752, LIC Protection Plus 880 plans.

What are the Features of LIC Growth Fund?

LIC Growth Funds are structured to provide market-linked investment opportunities through equity-oriented ULIP funds. These features help investors manage their investments efficiently while maintaining insurance protection under a single plan.

• Equity-Focused Investment Strategy: Funds are primarily invested in equities and growth-oriented market instruments.

• Available Under LIC ULIPs: Growth Fund LIC options are offered through select LIC ULIP plans such as LIC Nivesh Plus, LIC SIIP, and LIC Protection Plus.

• Market-Linked NAV: Fund value is represented through daily Net Asset Value (NAV) updates based on market performance.

• Fund Switching Facility: Investors can switch between available funds based on changing financial goals or market conditions.

• Flexible Premium Options: Depending on the ULIP plan, investors can choose single-premium or regular premium payment modes.

LIC Plans Offering Growth Fund Option

The Growth Fund LIC policies are ULIP plans that offer market-linked investment opportunities along with life insurance protection, allowing policyholders to participate in equity-based wealth creation through professionally managed Growth Fund options.

LIC Nivesh Plus 749

LIC Nivesh Plus plan 749 is a single-premium ULIP focused on long-term capital growth. The plan offers multiple investment options, including the Growth Fund for investors seeking equity exposure and market-linked returns. The current NAV of LIC Nivesh Plus Growth Fund is Rs 21.3876 as on 22-May-2026.

LIC SIIP 752

LIC SIIP 752 is a regular premium ULIP that combines insurance protection with market-linked investment opportunities. The plan offers flexible fund allocation and long-term wealth creation benefits. The LIC SIIP Growth Fund NAV is Rs 21.3876 as on 22-May-2026.

LIC Protection Plus 880

LIC Protection Plus plan 880 is a ULIP offering equity-oriented Growth Fund options for investors seeking insurance coverage with market participation. The plan is designed to provide long-term capital appreciation through professionally managed equity investments. Its Growth Fund NAV continues to fluctuate according to market performance and investment trends.

What are the Benefits of LIC Growth Fund?

LIC Growth Funds aim to help investors achieve long-term financial growth while also providing life insurance coverage. These benefits make them suitable for individuals seeking both protection and wealth creation opportunities.

• Potential for Long-Term Capital Appreciation: Equity exposure provides opportunities for higher returns over an extended investment period.

• Dual Advantage of Insurance and Investment: Investors receive life cover along with market-linked investment benefits.

• Disciplined Wealth Creation: Regular investments can help build savings systematically over time.

• Inflation-Beating Return Potential: Market-linked growth may help generate returns that outperform inflation in the long run.

• Professional Fund Management: Investments are managed by experienced professionals who monitor market trends and asset allocation strategies.

In addition to ULIP-based Growth Fund LIC options, market-linked investment opportunities are also offered through LIC Mutual Fund division.

LIC Growth Fund vs Mutual Funds: Which is Better?

How to Invest in LIC Growth Fund?

You cannot invest in the LIC Growth Fund directly. It is accessible only through LIC ULIP plans. Here is the step-by-step process:

• Choose a LIC ULIP plan: LIC offers the Growth Fund as an investment option — e.g., LIC SIIP, LIC New Endowment Plus, LIC Jeevan Umang, or LIC Nivesh Plus.

• Determine your premium amount: The minimum varies by plan (typically ₹10,000–25,000 per year for most LIC ULIPs).

• Allocate premium to LIC Growth Fund: You can allocate 100% to Growth Fund or split across multiple funds (e.g., 60% Growth + 40% Bond).

• Complete KYC: Aadhaar, PAN, and income proof is required. Medical underwriting may apply depending on sum assured.

• Pay premium online or via an agent: You can pay the premium on licindia.in or in the LIC app, or through an authorised LIC agent/branch.

• Track NAV and performance: Monitor your fund value via the LIC Customer Portal or mobile app regularly.

Who Should Invest in LIC Growth Fund?

• Investors with a long-term horizon of 10+ years who can ride out market volatility

• Those who want life insurance + equity exposure in a single product

• Investors in the 25-45 age bracket who have time for their corpus to compound

• Salaried individuals under the Old Tax Regime seeking Section 80C deductions

• Those who want a tax-free fund switching between equity and debt without capital gains implications

• LIC loyalists who prefer government-backed insurance and investment

Wrapping Up

LIC Growth Fund options available through LIC Nivesh Plus, LIC SIIP, and LIC Protection Plus provide investors with an opportunity to combine life insurance protection and market-linked wealth creation. These ULIP-based Growth Fund LIC options are suitable for long-term investors seeking equity exposure, disciplined investing, and the potential for higher returns over time.

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