LIC Wealth Plus New Launching ULIP Plan of 2010

LIC’s Wealth Plus Plan which is closed ended plan will be introduced on 9th February 2010. Salient features of thes policy (plan No. 801) are as follows:

  • Unit Linked Plan with Policy Term of 8 Years.
  • Free Insurance Cover for 2 years after maturity.
  • Amount payable on maturity will be based on Highest NAV in the 1st 7 years or the NAV at the end of 8 years whichever is higher.
  • Accicent benefit upto 50 lacs is available.
  • Mode of Payment- Single or for 3 Years. For 3 years premium paying term, premium can be paid monthly, ECS, Quarterly, Half Yearly or Yearly.
  • Minimum premium Rs. 2,000/- p.m. for monthly (ECS) mode. Rs. 20,000/- p.a. for 3 year term & Rs. 40,000/- for single premium. Maximum Premium: No Limits.
  • Minimum age of entry 10 years and maximum 65 Years.
  • Minimum Sum Assured: 5 times the annualized premium and 1.25 times single premium.
  • No top up is allowed.
  • Partial withdrwal is allowed twice in a policy year after premium paying term.
  • Charges: Premium allocation charge 5% for premium upto Rs.4 lacs & 4.5% for above 4 lacs.  For 3 years premium paying term, Policy allocation Charge in the 1st year ranges ranging from 12% to 11.5% & thereafter every year @ 2.5%.
  • Level mortality charge based on age at entry.

Unique features:

  1. 1st Guaranteed NAV Product of LIC
  2. Instead of increacing mortality premium, this plan offers level premium.
  3. Allocation Charge and other charges are extremely low.
  4. 2 Years extended life cover after the maturity.
  5. Partial withdrwal is allowed.
  6. Lowest cost among all plan available in the market of such types of plans.

Click here to get detailed Example/ Presentation on LIC WealthPlus

Contact us for investment in LIC of India’s Welath Plus Products earliest…..

 

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categories Unit Plans | Sameer Trivedi February 9, 2010

10 Comments

  • By harmeet singh, February 10, 2010 @ 2:46 pm

    Dear Sit
    I want to ask if i invest 40000/- single pemimum policy in LIC wealth Plus..

    How much Net Amount will be invested in Fund.

    i.e How much amount in Ruppes LIC will charge as Allocation charges, Fund Mgmt Charges, Highest NAV charges Etc.. for above said plan..

  • By a.venkatesan, February 10, 2010 @ 5:00 pm

    what is the locking period.

  • By Sameer Trivedi, February 10, 2010 @ 5:07 pm

    3 Years Locking Period in LIC’s Wealth Plus Plan.

  • By NARESH KUMAR PANDEY, February 14, 2010 @ 4:09 pm

    sir
    i invest 20000/= in wealth plus plan and immediate i want leave quit after 3 yrs how much amt receive through welth plus ????????//

  • By manish, February 17, 2010 @ 10:10 am

    Dear Sit
    I want to ask if i invest 50000/- single pemimum policy in LIC I want to know best investment plan in lic

  • By SHRIKANT ATHALE, February 22, 2010 @ 1:59 pm

    i invest 60000/-in three year welth plus plan after three years how much amount receive through welth plus–

  • By PUSHPLATA PARAB, February 25, 2010 @ 11:55 am

    i invest 40000/- single pemimum policy in LIC wealth Plus..
    How much Net Amount will be invested in Fund.
    AND after 3 yrs how much amt receive through welth plus

  • By Sameer Trivedi, February 25, 2010 @ 7:47 pm

    kindly send your date of birth, City & Contact number for plan presentation.

  • By Girish bhat, March 6, 2010 @ 6:34 pm

    my age is 49 yrs.if i invest Rs 20000/ in lic wealth plus how much mortality charges will deduct by lic?

  • By Sameer Trivedi, March 13, 2010 @ 4:25 pm

    u will get 1,55,000 after complition of 8 years. After 3 years you will have withdrwal option. If you use the withdrwal during 8 years u can not get highest NAV benefits. If u withdrwal after 3 years u will get No. of Balanced Units*that days NAV

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