LIC Endowment Plus

LIC’s Endowment Plus  (Plan 802) :  LIC’s Endowment Plus  Plan (Plan No. 802), launched on 20th Septemper 2010, is a Unit  Linked Endowment plan with regular premium paying term which offers investment-cum-insurance during the term of the policy.

LIC’s Endowment Plus is a unit linked endowment plan. The features of the plan are mentioned below:

Premium Ceasing Age : 70 Premium Ceasing Term : 20

•  Double benefits of Insurance and Investment.
• Funds available under this plan are -Bond, Secured, Balanced and Growth fund.
• A policyholder can partially withdraw the units at any time after five policy years.
• Loan can be availed after completion of 3 policy years.
• Policy can be surrendered after completion of 5 years with no surrender charge.
• Premiums can be paid in yearly, half-yearly, quarterly and in monthly (ECS) installment OR in single

installment.

• Policyholder can switch between any fund types during the policy term. 4 switches will be

allowed free in a policy year.

• Policyholder has a option to enhance the risk cover by choosing the Double Accident benefit

rider and the Critical Illness Rider.

• On death of the policyholder, the nominee will be eligible to get higher of Sum assured (minus

partial withdrawal if any done during last two years) or the Fund value of units.

• In case of maturity the policyholder will get amount equal to the Fund value of the units.
• Enjoy tax benefit under section 80CCE.

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LIC Pension Plus

LIC’s Pension Plus is a unit linked deferred pension plan, which provides you a minimum guarantee on the gross premiums paid. The plan is without any life cover.   

LIC Pension Plus Features: You have a choice of investing your premiums in one of the two types of investment funds available. Premiums paid after deduction of allocation charge will purchase units of the Fund type chosen. The Unit Fund is subject to various charges and value of units may increase or decrease, depending on the Net Asset Value (NAV).

Premium Ceasing Age : 85       Premium Ceasing Term : 61

Plan Highlights

LIC’s Pension Plus is a unique ULIP plan where the minimum rate of interest is guaranteed. This plan is excellent investment towards essential long term financial planning.

Pension Plus is in compliance with the current IRDA norms. Pension Plus is truly an innovative plan that suits your needs just too perfectly.

The features of the LIC Pension Plus plan are mentioned below:

• A unique Unit Linked Pension Plan with guarantee on the minimum rate of interest.
• Rate of Interest applied to gross premium.
• Being Market Linked, the plan has possibility of getting excellent returns.
• Due to minimum interest guarantee, you are protected against fluctuation of interest due to policies of the government in the distant future.
• Choose any one of the 2 funds i.e. Debt (Low Risk) & Mixed (Medium Risk)
• Free switching between funds two times every year and at a very nominal fee thereafter.
• Top-ups facility – additional premium can be paid at anytime to invest in the funds with no upper limit.
• Benefit on Maturity :

1. Annuity purchased from Fund Value or Guaranteed Maturity Proceeds whichever is higher.
2. Option to commute 1/3rd. of the Maturity Proceeds.

• Compulsory purchase of Annuity ensures channelisation of funds for specific purpose.
• Benefit on death – Fund Value. Nominee has the option to receive the amount in lump Sum or as Annuity.
• Convenient modes of payment, Single Premium mode also available.
• No surrender charges will be imposed after 5 yrs.

 1. Payment of Premiums: You may pay premiums regularly at yearly, half-yearly or   quarterly or monthly (through ECS mode only) intervals over the term of the policy. Alternatively, a Single premium can be paid.  

A grace period of 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly (through ECS) premiums.

2.Eligibility Conditions And Other Restrictions:
a) MinimumEntryAge- 18 years (last birthday)
b)  Maximum Entry Age – 75 years (nearest birthday)
c)  Minimum Vesting Age  – 40 years (completed)
d)  Maximum Vesting Age -  85 years (nearest birthday)
e)  Minimum Deferment Term  -  10 years
f)   Sum Assured – NIL
g)  Minimum Premium -
Regular premium (other than monthly (ECS) mode) : Rs. [15,000] p.a.
Regular premium (for monthly (ECS) mode) : Rs. [1,500] p.m. 
Single premium:  Rs. [30,000] 
h)  Maximum Premium -
Regular premium : Rs. [1,00,000] p.a.
Single premium: No Limit  

Annualized Premiums shall be payable in multiple of Rs. 1,000 for other than ECS monthly. For monthly (ECS), the premium shall be in multiples of Rs. 250/-.

1.Investment of Funds: The plan offers following two funds detailed below:

The Policyholder has the option to choose any ONE out of the above 2 funds.

Contact us for Investment or Purchase a New Latest LIC New Pension Plus Product of 2010.

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LIC Fortune Plus

LIC’s Fortune Plus ULIP Plan No:- 187

Premium Ceasing Age : 65 Premium Ceasing Term : 20
Plan Highlights :
For only those, interested in making a Fortune of a Lifetime!!!
LIC’s Fortune Plus, a Unit Linked Limited Endowment plan, (ULIP+Endowment) which provides twin benefits of insurance and capital market return. Brief stint with premium liability and longer period to stay invested makes it a worthy of note. It has entire range of fund options to accommodate both risk averse and aggressive investors. This plan has been designed to ensure that your money earns you handsome returns. Thus with a host of innovative options placed in front of you, Fortune Plus is definitely the right kind of insurance solution you could aim at.
An investment plan where you pay premiums only for 5 years.
Premium amount reduces to 25% after first year.
Policy term or first yearTs annual premium determines your sum assured.
No limit for maximum premium
Premium can be paid in yearly, half yearly, quarterly and monthly (ECS) installments.
Minimum and Maximum age to purchase policy under this plan is 12 and 60 years respectively.
You can choose policy term between 5 to 20 years.
Funds available under this plan are: Bond, Secured, Balanced and Growth.
Policyholder can switch between any fund types during the policy term. 4 switches will be
allowed free.
Flexibility of partially withdrawing the units after 3 policy years.
In case of maturity the policyholder will get an amount equal to the value of the units. In case of death the policyholder is eligible to get higher of sum assured or the value of the
units.
Maturity returns can be amplified by exercising Settlement Option wherein the
policyholder can encash the units in regular installments.
If premiums are not paid after paying at least 3 years premium then also the policyholder
enjoys life cover and accident benefit (only if opted) subjected to conditions.
Accident benefit rider option can be availed under this plan
Enjoy tax benefit under section 8OCCE. Great mixture of ULIP+Endowment Insurance Plan. Flexibility to increase/ decrease premium & withdraw money according to your needs. Save Tax upto Rs.33390.

Today’s Latest Fortune Plus Current LIC NAV Click here.

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