Best LIC International Investment Plans UAE 2026

They all specifically cater to the Indian expatriate community in the Gulf Cooperation Council (GCC) countries. Since its establishment in 1989 in Bahrain, LIC International has grown significantly, providing life insurance coverage and long-term investment solutions to the NRIs. The company operates in key GCC countries like Bahrain, UAE, Kuwait, and Qatar, and has a reputation for innovation, customer service, and delivering value.

Why Choose LIC International Investment Plans?

LIC International offers products that provide both financial security and the opportunity for reasonable returns. Here is why you should choose them:

• Tailored for the Indian Community Abroad: LIC focuses on the needs of the Indian community living overseas, making it a trusted choice for life insurance and investment solutions.
• Established Trust and Market Presence: With a long-standing reputation, LIC is widely trusted in the region for reliable insurance and investment options.
• Combining Tradition with Innovation: LIC International blends traditional life insurance with modern investment opportunities. This innovative approach has made it a leading player in the market.

Types of LIC International Investment Plans in UAE

LIC International’s investment plans are an ideal solution for individuals looking to combine life insurance protection with investment growth. 

Here are the top plans —

1. Flexi Wealth Builder Investment Plan

The LIC International Flexi Wealth Builder Plan allows you to invest in a variety of market-linked funds managed by different fund houses. It offers flexibility, the opportunity to grow wealth, and essential life coverage. Additionally, in the unfortunate event of death,  101% of the fund value is paid to the nominee. However, as with any unit-linked plan, the investment risk is borne by the policyholder.

Key Features:

• Unit-Linked Life Insurance: As a unit-linked plan, the Flexi Wealth Builder gives you a chance to invest in different market-linked funds while securing life insurance coverage
• Limited Premium Payment: The plan allows premium payments for a limited term, with options of 10, 15, or 20 years
• Whole of Life Coverage: The policy provides whole life coverage, meaning it offers benefits for the life of the insured

Benefits of the Flexi Wealth Builder Plan:

1.Death Benefits

In the unfortunate event of your death, the nominee will receive 101% of the fund value as of the date of death. This ensures that the beneficiary is financially protected.

2. Maturity Benefits

This is a whole life plan, meaning there is no set maturity benefit tied to a fixed policy term. However, you can withdraw the full fund value at any point, subject to surrender charges.

3. Partial Withdrawal

After the first year, you can make partial withdrawals, with a minimum fund value of USD 5,000 remaining after the withdrawal.

The amount for partial withdrawal is subject to applicable surrender charges.

Partial withdrawals do not terminate the policy.

4. Switching Funds

You will have the option to switch funds multiple times within a policy year without any charges.

In case a fund is withdrawn by the fund house, you will be notified and given the option to switch to another fund or withdraw the full value of the units.

Eligibility Criteria:

Servicing Aspects:

• Premium Payment Modes: Premiums can be paid yearly, half-yearly, quarterly, or monthly. The payment will be allocated to the selected unit-fund as per your choice
• Grace Period: A grace period is applicable in case of missed premium payments
• Paid-Up Value: If the policy is discontinued due to non-payment of premiums, it will be converted to a reduced paid-up policy. The policy will continue until the fund value is insufficient to cover the charges
• Surrender Value: The policy acquires a surrender value after completing one full policy year. The surrender value will be calculated as the fund value minus any applicable surrender charges
• Loan: Loans are not available under this plan

Charges Associated with the Plan:

The Flexi Wealth Builder Plan has certain charges, including —

 

2. Smart Elite Savings Plan

It is a specially designed insurance policy tailored for High Net-Worth Individuals (HNIs). This participating, non-linked, savings-oriented endowment plan combines life coverage with a focus on maximising savings. It offers assured returns along with annual bonuses, making it a powerful tool for building wealth and securing your financial future.

This plan not only guarantees a basic sum assured from day one but also allows you to participate in the company's profits through bonus declarations. You benefit from a combination of life insurance and regular bonus payouts. This increases the value of your investment over time.

Key Features:

• Guaranteed Basic Sum Assured: From day one, the policy ensures a Basic Sum Assured that is payable either on death or at maturity. This provides financial security to you and your family
• Bonus Accumulation: The policy earns Reversionary Bonuses each year, which are guaranteed once declared. These bonuses are added to the policy's value and paid at the time of exit
• Risk Commencement: For minor lives (under 17 years), the risk coverage starts after two years of the policy term. For all others, coverage begins immediately

Benefits of the LIC Smart Elite Savings Plan:

1. Death Benefit

Before Risk Commencement: If you pass away before the risk commencement, the nominee will receive the premiums paid up to that point (excluding extra premiums and riders).

After Risk Commencement: If death occurs after the risk commencement, the nominee will receive the Sum Assured plus Accrued Reversionary Bonuses as of the death date.

2. Maturity Benefit

If you survive until the end of the policy term, you will receive the Sum Assured along with the Accrued Reversionary Bonus in a lump sum. The policy will terminate upon the payment of the maturity benefit.

Eligibility Criteria:

Servicing and Other Aspects:

• Grace Period: A grace period of 30 days is provided for annual, half-yearly, or quarterly premiums, and 15 days for monthly premiums
• Paid-Up Value: The policy acquires a paid-up value after two full years of premium payments. If premiums are not paid after the grace period, the policy is converted into a reduced paid-up policy
• Surrender Value: After paying two full years of premiums, the policy acquires a surrender value. On surrender, the higher of the minimum guaranteed surrender value and special surrender value will be paid
• Loan Facility: If the policy has acquired a surrender value, you can obtain a loan of up to 80% of the surrender value. The interest rate is currently 8% per annum, subject to change
• Taxation: Any applicable insurance levies, VAT, or taxes levied by government authorities will be added to the premiums paid
   

3. Single Premium Wealth Creator

The Single Premium Wealth Creator is a whole-life insurance plan with a single premium. This plan is designed to provide you the opportunity to invest and participate in the performance of various market-linked funds. This offers potential for wealth creation. As a whole life plan, it provides lifelong coverage, while also offering various options for withdrawal, switching funds, and more.

Key Features:

• Unit-Linked Investment Plan:

The plan offers exposure to market-linked funds, which allows you to benefit from the market performance. It is linked to the performance of different funds managed by various fund houses under the All-Funds platform.

• Death Benefit:

In case of the life assured’s death, 101% of the fund value as of the death date will be paid to the nominee. The policy terminates upon the payment of the death benefit.

• Maturity Benefit:

As this is a whole life product, there is no fixed maturity date, and hence, no maturity benefit. However, you can withdraw 100% of the fund value at any time during the policy term, subject to surrender charges, if applicable.

Optional Benefits:

1. Partial Withdrawal

As long as the remaining fund value is greater than USD 15,000, you are free to take partial withdrawals at any point during the policy's duration.

Each withdrawal must be at least USD 1,500, and the remaining fund after the withdrawal will continue to be in force.

1. Switching

You can switch between funds without any limit on the number of switches each year, and no charges will be deducted for this option.

If a fund is withdrawn by a fund house, you will be informed in advance and can choose between —

• Switching the funds to another available fund
• Full withdrawal of the fund value with no surrender charges

Basic Product Eligibility Conditions:

Servicing Aspects:

Surrender Value: The policy acquires a surrender value after one full policy year.
This value is equal to the fund value after any applicable surrender charges

Loan: No loan facility is available under this plan

Grace Period: Not applicable since this is a single premium plan

Paid-Up Value: Not applicable as the plan is a single premium

• Restrictions in Case of Death:

Suicide: If death results from suicide within 12 months of the risk commencement date, only the fund value will be paid after deducting applicable charges.

Violent Act: If the life assured dies due to involvement in a violent act by the beneficiary or nominee, the beneficiary loses their rights to the death benefit. However, the legal heirs will still receive the death benefit.

Charges Under the Plan:

Surrender Charge:

Additional Details:

• Top-Up Premium: You can make additional top-up premiums, subject to relevant charges. These are added to the unit-linked funds and provide additional benefits.
• Funds Available: The value of the policy is determined by the performance of the units in the chosen funds. You can switch between these funds without any additional charges.
• Free Look Period: You have a 30-day free look period from the date of policy issuance to review the terms and conditions. If you're dissatisfied, you can return the policy for a refund of the units’ value, minus any applicable charges.

4. Invest Plus - Investment Plan

The Invest Plus plan is a unit-linked, single-premium, whole-of-life insurance plan. It offers you the chance to invest in a range of market-linked funds, managed by multiple fund houses.

Key Features:

• Investment Flexibility: The plan provides a platform for policyholders to invest in various funds, depending on their risk tolerance and investment preferences.
• Death Benefits: In the unfortunate event of the policyholder's death, the nominee receives 101% of the fund value as of the date of death. The policy terminates after the payment of the death benefit.
• Maturity Benefits: Since this is a whole life plan, there is no fixed maturity benefit. However, you can access the fund value at any time, subject to any applicable surrender charges.
• Partial Withdrawal: You can make partial withdrawals, with a minimum fund value of USD 15,000 after withdrawal. The minimum amount allowed for withdrawal is USD 1,500, and no charges are deducted for the switch between funds.

Additional Options:

• Switching Funds: You can switch between funds without any charge, giving them flexibility to manage their investments according to market performance.

Eligibility and Servicing:

Charges and Fees:

Surrender Charges:

The following table outlines the surrender charges applicable based on the number of months the policy has been active —

Special Features of the Invest Plus Plan:

• Surrender Value: The policy acquires a surrender value after the first policy year, based on the fund value, minus any applicable charges
• No Loan Facility: Loans are not available under this plan
• Free Look Period: A 30-day free look period is available, allowing policyholders to cancel the policy if they are dissatisfied with the terms
• Nominee Appointment: You can appoint or change the nominee at any time during the policy term

How to Apply for LIC International Investment Plans?

Here’s how you can apply for LIC International Investment Plans in Dubai —

1. Visit Policybazaar.ae
2. Navigate to the Investment Plans in UAE section under the Insurance category for the UAE.
3. Complete the form at the top with your name, phone number, and income details.
4. You’ll be redirected to the Quotes page where you can choose your preferred plan.

Frequently Asked Questions