LIC Money Plus 1

LIC’s New Money Plus – I (Table/ Plan No: 193) : launched on 22nd May 2008, is a Unit Linked Endowment plan with regular premium paying term which offers investment-cum-insurance during the term of the policy. lic+ULIP+endowment.

  Term Age Sum Assured
Minimum 5 0 50000
Maximum 30 65 No Limits

Premium Ceasing Age : 75 Premium Ceasing Term : 30

Benefits:
(a)On death of the policyholder, the nominee will be eligible to get higher of Sum assured (minus partial withdrwal if any done during last two years) or the Fund value of units
(b)In case of maturity the policyholder will get amount equal to the Fund value of the units.
(c) Accident Benefit (AB) can be availed of as an optional Rider benefit by paying an additional premium. On Accidental death of the Policyholder during the term of the
policy, a sum equal to the Accident Benefit Sum Assured will become payable.
(d) An amount equal to the Critical Illness Rider Sum Assured will be payable in case of diagnosis of defined categories of Critical Illness, provided the Critical Illness Benefit cover is opted for and is in force.
(e) In case this Settlement Option is exercised, the maturity claim under the policy shall not be paid in lump sum. The policyholder can encash the units held in the Fund in regular
(half-yearly / yearly instalments) lic+endowment (NAV History)

Eligibility & Conditions

For Basic Plan
a) Minimum Sum Assured: 5 times the annualized premium
b) Maximum Sum Assured:
30 times of the annualized premium if age at entry is upto 45 years nearest birthday
20 times of the annualized premium if age at entry is 46 to 60 years nearest birthday
10 times of the annualized premium if age at entry is 61 years nearest birthday and above
c) Minimum Premium: Rs. 5,000 p.a. (other than monthly (ECS) mode)
Rs. 1,000 p.m. for monthly (ECS) mode, increasing thereafter in multiples of Rs. 250.
d) Maximum Premium: No Limit
e) Minimum Entry Age: 0 years last birthday
f) Maximum Entry Age: 65 years nearest birthday
g) Policy Term: 5 to 30 years
h) Minimum Maturity Age: 18 years completed
i) Maximum Maturity Age: 75 years nearest birthday

In LIC’s Money Plus Sum Assured shall be available in multiples of Rs. 5,000 and Annualized premiums shall be payable in multiples of Rs. 1,000. Where the minimum Sum Assured is not in the multiples of Rs. 5,000, it will be rounded off to the next multiple of Rs. 5,000.

For Accident Benefit
a) Minimum Sum Assured: Rs. 25,000
b) Maximum Sum Assured: Rs. 50,00,000 taking all existing policies of the Life Assured under
individual as well as group schemes taken with Life Insurance Corporation of India and other insurance companies and the Accident Benefit Rider Sum Assured under the new proposal into consideration.
Under no circumstances Accident Benefit Sum Assured shall exceed the Sum Assured under the basic Plan of lic money plus-1.
c) Minimum / Maximum Premium: No separate Limit
d) Minimum Entry Age: 18 years completed
e) Maximum Entry Age: 65 years
f) Policy Term: 5 to 30 years
g) Maximum Maturity Age: 70 years nearest birthday

Sum Assured shall be available in multiples of Rs. 5,000 in LIC’s Money Plus – I.

For Critical Illness Rider Benefit
a) Minimum Sum Assured: Rs. 50,000
b) Maximum Sum Assured: Rs. 10,00,000 taking Critical Illness riders availed under all existing policiesof the Life Assured with the Corporation and the Critical Illness Rider Sum Assured under the new proposal under consideration. Under no circumstances Critical Illness Rider Sum Assured shall exceed the Sum Assured under the basic Plan.
c) Minimum /Maximum Premium: No separate Limit
d) Minimum Entry Age: 18 years completed
e) Maximum Entry Age: 50 years nearest birthday
f) Policy Term: 10 to 30 years
g) Maximum Maturity Age: 60 years nearest birthday

Sum Assured shall be available in multiples of Rs. 10,000

Modes of Premium Payment:
Regular premium can be paid either in yearly, half yearly, quarterly or monthly (ECS) installments. The minimum Annualised Premium (other than monthly through ECS) will be Rs. 5,000/- increasing thereafter in multiples of Rs.1,000/-. In case of monthly (ECS) the minimum premium will be Rs. 1,000 p.m. increasing thereafter in multiples of Rs. 250/-. Flexibility to increase/ decrease premium & withdraw money according to your needs. Save Tax upto Rs.33390.

To Check/ Calculate LIC’s Money Plus Today’s Latest current NAV Click here.

Back to LIC of India   Whole Life Plans   Money Back Plans   Endowment Plans    Children Plans   Unit Plans  Term Plans

Contact us for NAV History Review, Charts, Premium Calculation, Best Investment Options, Plan Presentation On Money Plus Policy online here by our authosirsed consultant agent/ advisor.

16 Comments

  • By Smt.Anita Devi, March 6, 2010 @ 2:12 pm

    Dear Sir
    Our LIC’s Money Plus Policy No.196039903 Dt.28.03.2007. I Want to know the Balance of this Policy.

  • By BHAWNA, March 11, 2010 @ 2:50 pm

    SHOW THE DETAILS OF MY POLICY VALUE

  • By Sameer Trivedi, March 13, 2010 @ 4:32 pm

    Dial 1251 from landline to get information about your existing LIC Money Plus 1 Policy.

  • By T.suresh, March 29, 2010 @ 2:26 pm

    i need current value of this account number 702843403.my cotact number 9486776486

  • By Ravada. Polayya, May 4, 2010 @ 12:23 pm

    Kindly let us know the status of my LIC money plus.
    No. 694177058. Kindly send response to my Email Id
    Best Regards

    R. Polayya

  • By Sharadkumar Chhotalal Desai, October 22, 2010 @ 11:28 am

    Kindly let us know the status of my LIC money plus policy No.863722625. Kindly send response to my Email Id.
    Best Regards.

  • By SAMEER J. KUMBHAR, November 15, 2010 @ 12:28 pm

    AS PER TODAYS NAV MY NET PAYABLE OF MY POLICY VALUE
    MY POLICY NO.883021999 MONEY PLUS (GROWTH FUND) COMMENCEMENT DATE 14/08/2007

    PLEASE REPLY ME AS EARLY AS POSSIBLE

  • By g devi, December 25, 2010 @ 8:16 pm

    i taken money plus-1 in 2008 aug
    3 premeums completed/
    visakhapatnam
    09777457005
    plz i want current status of my policy

  • By T.BHASKAR RAO, May 3, 2011 @ 4:28 pm

    sIR. I HAVE TAKEN LIC MONEY PLUS ULIP AT THE PREMIUM OF 50,000/- PER YEAR. UPTO NOW FOUR PREMIUMS PAID. AND ON 20.03.2011 MY FIFTH PR. TO BE PAID. MOST OF MY FRIENDS WITH DRAWN FROM THIS POLICY. I NEED UR SUGETION IN THIS MATTER.

  • By admin, May 3, 2011 @ 8:06 pm

    As per my opinion if this scheme is not giving a good return in since last 4 years than why you are stay invested? Withdrwal your money from this scheme & go for LIC Jeevan Samriddhi Plus which is giving guaranteed first 100 months highest NAV.

  • By sanjeev kumar, June 3, 2011 @ 10:29 am

    my police no-955182572 i wana know the value of my money. I have ulip money plus policy. Pune. My no-7896730726

  • By admin, June 4, 2011 @ 9:58 am

    You have to contact your local nearest lic branch for this detail or ask on 1251. We are authorised to seen only for our branch records.

  • By SUSHEEL KUMAR AGARWAL, June 10, 2011 @ 6:32 pm

    i taken money plus-1 in 2009 march.i am near completed on my policy.so can i check my policy onllne.
    Regards
    sushil agarwal
    09212379937

    plz i want current status

  • By admin, June 24, 2011 @ 10:00 am

    You have to make Register on LIC Website. Than you can view all the detail of your Policy on http://www.licindia.in

  • By rakesh, October 11, 2011 @ 8:40 am

    hi sir i have an lic money plus policy plan no 193 presently i am investin rs 10000 yearly in this policy from 2009 and it is for 20 years. I got to know that i will get only 300000 maximum return if this is true i dnt wan to continue it can u pls suggest that wt shud i have to do in this case

  • By admin, November 5, 2011 @ 11:48 am

    LIC Money Plus 1 is not that much investor friendly scheme you may withdrwal full amount from this policy & shift it to LIC Endowment Plus Policy.

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