LIC’s Protection Plus explained: Premium options, maturity benefits and key features

The minimum age at entry is 18 years, while the maximum is 65 years. LIC offers multiple Premium Paying Term (PPT) options 5, 7, 10, and 15 years corresponding to policy terms of 10, 15, 20, and 25 years.

While the minimum premium varies based on premium paying term and payment mode, there is no upper limit on the maximum premium, subject to underwriting rules under the Board Approved Underwriting Policy. This makes the plan suitable for individuals seeking flexible insurance plus investment options.