LIC MARKET PLUS - 1
UNIT LINKED PENSION PLAN
DOUBLE HAPPINESS - INVESTMENT BHI - PENSION BHI
SINGLE PLAN, DOUBLE BENEIFT
LIC's Market Plus-1 plan is a unit linked deferred pension plan. The policyholder can choose the plan with or without risk cover. He can also choose the level of cover within the limits, which will depend on the mode and amount of premium he desires to pay. The allocated premium will be utilized to purchase units as per the selected fund type.Units will be allotted and cancelled based on the Net Asset Value (NAV) of the respective fund applicable to the date of allotment / cancellation. There is no Bid-Offer spread (both the Bid price and Offer price of units will be equal to the NAV). The NAV will be computed on daily basis and will be based on the investment performance, Fund Management Charges (FMC) and whether fund is expanding or contracting under each fund type. Other details of this plan are as follows.
PLAN FEATURES* :
- The best and suitable policy for investment,
- Avaliable with variety of investment patterns,
- Day to day NAV ( Net Asset Value )
- Avaliable with risk cover & with out risk cover,
- Lock in Period - 3 yrs,
- Fund value can be frozen with in 3 - Yrs,
- Flexiable top up facility,
- Avaliable up to 70 yrs of age,
- Income tax benefits avaliable,
- Maturity amount or redeemed fund value is tax free,
- Accident benefits is avaliable ( for with risk policies only ), premium 0.50 paise per Rs 1000- Sum Assured,
- No Surrender charges,
Minimum Premium ( other thank Monthly ECS Mode )
- Rs 5,000 - Per Annum for deferment terms 20 yrs and above,
- Rs10,000- Per Annum for deferement terms 15 to 19 yrs,
- Rs 15,000- Per Annum for deferment terms 10 to 14 yrs,
Minimum deferment terms - 10 yrs.
( fund management charges lower than IRDA guidelines )
* Contact us for up date on the plan / any changes.
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