LIC Wealth Plus plan starts from today 9th February, 2010 and may close in next three months. It is a ULIP with term for 8 years providing life cover also.
Premium payment for under lic wealth plus is limited to single or 3 years. With LIC Wealth Plus accident benefit facility is also available. In case of death of policy holder during policy term and the policy is in full force, the applicant shall get the sum assured under the basic plan along with the LIC Wealth Plus holders back value.
After take Lic Wealth Plus policy term but before the expiring of the extended life cover period, in case of death, the nominee will receive the sum assured under the basic plan. 3 years will be the locking period and it can be surrendered only during the Lic Wealth Plus terms after completion of third year.
Salient features of LIC Wealth Plus plan:
- LIC Wealth Plus gives guaranteed return of highest NAV of the first 7 years or the 8th year NAV, whichever is higher.
- Either 3 years premium payment term or single premium as per client’s choice.
- Minimum single premium of Rs 40,000 and Minimum Yearly premium of Rs 20,000.
- In case of death during policy term, the plan returns basic sum assured plus fund value
- Extended risk cover for 2 years even after term end.
- Partial withdrawal allowed at any time after 3 years.
- Risk cover of 5 times of the annualized premium or 1.25 times of single premium.
- Accident Benefit Raider (EDAB) allowed at a nominal charge of Rs 0.50 per 1000
- 8 years of Policy term
Pl refer LIC wealth plus plan pl confirm whether we can withdraw principal amount in full after three years
dear sir….
just tell me only only one thing how to calculate NAV meanz u paid highest NAV value it meanz in nest 7 year NAV touch 50 as NAV value you paid according to it or not coz in mkt there are some others plan who provide that same guarantee but they say we calulate yor NAV on some special day or spl fornight period so dn tell me its also yor condition or not
tnx
satish