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 Wealth Plus | admin February 9, 2010

43 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 J Karthikeyan, March 1, 2010 @ 11:02 am

    Kindly send the presentation to me

    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 wealth plus – ( PAC Charges pls). Is there any other charge like FMC , corpus charge etc.. in this plan?

    19 may 1981
    Chennai
    karthikequity@gmail.com

    mail me

    Thanks

    -karthik

  • 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

  • By MAMATHA, March 16, 2010 @ 5:45 pm

    i invest 100000/- single pemimum policy in LIC wealth Plus..
    How much Amount will be invested in Fund.
    AND after 8 yrs how much amt receive through welth plus & ON MATURITY I how much amount (gross)I will receive(after deduction of all charges)

  • By Sudhakar kalal, March 16, 2010 @ 7:50 pm

    Respected sir
    I have invest 50000 Rs. for the six month
    your give best option now this topic

  • By Karthikeyan R, March 18, 2010 @ 3:17 pm

    Hi,
    I read your “Click here to get detailed Example/ Presentation on LIC WealthPlus” part.I have one big doute.for 25k your deducting 12% for allocation fees.After that some Units also deducting.May i know why we are deduction that.In first year dedicating 155.5 units.and second year 75.23 and third year 62.65 units are dediting.It is doing up to 8th year.Kindly let me why we are deduting this amount.I am planning to invest 100000 Rs in this plan.
    Regards,
    Karthikeyan R

  • By Sameer Trivedi, March 18, 2010 @ 7:53 pm

    Welath Plus have inbuilt Risk Cover. So Risk Cover chages are charged every year by LIC.

  • By Tarlok Nath, March 18, 2010 @ 7:57 pm

    By Tarlok Nath, 18 March, 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 d.d maiti, March 19, 2010 @ 2:50 pm

    how much amount will come after 7 years by the depositing for the rs.40000/ ,etc. pls tell me

  • By d.d maiti, March 19, 2010 @ 2:52 pm

    how much amount we will get after 7 years for the depositing of rs.40000/ (single premium). tell me.

  • By shilpa, March 20, 2010 @ 1:00 am

    sir,
    i want ask if i invest Rs40000 as single perium policy in lic wealth plus how much i fet in 8th year as a maturity amt
    some agents says three time monry you rece. ,it is true?
    I AM FROM MUMBAI

  • By Sameer Trivedi, March 22, 2010 @ 5:52 pm

    120000/- after 8 years

  • By Sameer Trivedi, March 22, 2010 @ 6:41 pm

    yes its true.

  • By Sameer Trivedi, March 22, 2010 @ 6:43 pm

    u will get 1,20,000 after 8 years on maturity.

  • By Sameer Trivedi, March 22, 2010 @ 6:44 pm

    there is already example given below this page. U will see the charges etc in detail presentation.

  • By Sameer Trivedi, March 22, 2010 @ 6:53 pm

    I any ULIP plan there is 3 years lock in period. If u have to invest for 6 months u have only 2 options. One is Bank Deposits & another is Company Deposits. Go to our company Depsoits Products for more detail.

  • By jaya, March 24, 2010 @ 12:57 am

    which is the best term inthis plan?
    single or p.a. for 3 years?
    is their any change takes place in maturity amt because of mode of payment?
    if yes, then which is better single or for 3 yrs?
    & how?

  • By ANBU, March 24, 2010 @ 10:09 am

    hi i am from ranipet.
    how much amount we will get after 7 years for the depositing of rs.40000/ (single premium). tell me.

  • By a.venkatesan, March 31, 2010 @ 4:02 pm

    how long this policy will continue,and rs.10/- nav
    how long will exit.
    venkatesan
    new delhi

  • By Sameer Trivedi, March 31, 2010 @ 6:56 pm

    This Policy is matured after 8 years but continue upto 10 years due to 2 years Free risk cover. This scheme is available upto May 2010.

  • By Sameer Trivedi, March 31, 2010 @ 7:07 pm

    U will get 3 to 4 times of your investment.

  • By Sameer Trivedi, March 31, 2010 @ 7:08 pm

    Everything is same if u invest in single premium u will get unit @10 & if u go through yearly unit will be balance with that days NAV. If u have to take 80c tax benefit upto three years go for Yearly option otherwise single premium.

  • By Sameer Trivedi, March 31, 2010 @ 7:12 pm

    there is already example given below this post. Find there something u need…

  • By a.venkatesan, April 1, 2010 @ 2:52 pm

    CAN I GET RS.10/- NAV AFTER 15 DAYS.

  • By Sameer Trivedi, April 1, 2010 @ 6:57 pm

    No. NAV @Rs.10 available upto 5th April only. After than LIC declare daily basis NAV.

  • By T A PATIL, April 3, 2010 @ 11:45 am

    What is benefit will get from Income Tax point of View?

  • By Sameer Trivedi, April 4, 2010 @ 11:36 am

    u will get 80c benefits under Income Tax.

  • By Avadhut Koparde, April 12, 2010 @ 2:29 pm

    Is the Single premium for wealth plus is only 40000 or its 40000 PA i.e. 120000 for 3 years. Because my agent said that it’s 40000 PA so if you want to pay for Single premium policy you have to invest 120000. Is it true???

  • By a.venkatesan, April 13, 2010 @ 1:45 pm

    is it safe investing in lic ulip after sebi and irda
    crises

  • By Sameer Trivedi, April 15, 2010 @ 7:07 pm

    is it safe investing in lic ulip after sebi and irda
    crises?
    This matter is between Private Insurance Companies, SEBI & IRDA. LIC is not involved in this matter.

  • By Anil kumar Raveendran, April 19, 2010 @ 6:56 pm

    Dear Sameer,
    I would like to open a policy for my wife and her age is 32 years.For your opinion is highly appreciated because I am staying in saudi arabia and unable to get the details as and when required.
    Please confirm by return mail or give the feed back thru your site.
    One time investment also ok for us

  • By Sameer Trivedi, April 28, 2010 @ 6:49 pm

    If you need Income tax benefits under section 80c for 3 years than go for yearly opt otherthan single premium.

  • By Sameer Trivedi, April 28, 2010 @ 6:51 pm

    Minimum Single premium is Rs.40,000/- & Yearly Mode Minimum premium is Rs.20,000/- only.

  • By J.Bhaskar, August 26, 2010 @ 5:37 pm

    i have invested 100000(single premium) in wealth plus
    does it provide accident benifit
    if withdrawn in 3rd year
    if it gives how much
    waiting for ur replay

  • By Sameer Trivedi, August 29, 2010 @ 2:05 pm

    U may get approximately 15% return. There are no any kind of Double Accident Benefits in Wealth Plus Policy.

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