LIC's Wealth Plus! Hurry Up Plan To Be Closed Soon..

Features:

1. Guaranteed Highest NAV of 7 year.
2. Very Attractive Returns.
3. Life cover.

Minimum Sum Assured:

• 3 years Premium Paying Term: 5 times the annualized premium
• Single Premium: 1.25 times the single premium.
• Maximum Sum assured:
• 3 years Premium Paying Term: 10 times the annualized premium if age at entry is upto 50 years
• 5 times the annualized premium if age at entry is 51 years and above

Single Premium:

1. 5 times the Single premium if age at entry is upto 40 years.
2. 2.5 times the Single premium if age at entry is 41 to 50 years.
3. 1.25 times the Single premium if age at entry is 51 years and above.
4. Minimum Yearly premium Rs. 20,000 for three years term policy and there is no limit on maximum premium.
5. Tax benefits.
6. Partial withdrawals allowed: Two Partial withdrawals are allowed in a policy year subject to certain conditions.
7. Limited Period Offer.
8. Extended life cover: A unique feature of the Plan is the extended life cover for 2 years after the completion of policy term of 8 years.
9. Maturity Benefit:

At the end of policy term and the policy is in full force, payment of fund value will be made based on

the highest NAV over the first 7 years of the policy or the NAV as applicable at the end of the policy

terms whichever is higher.

Death benefit:

In case of death during the policy term, the nominee shall receive Sum Assured under the basic plan together with the Policyholder’s Fund Value as death benefit. In case of death of the Life assured after the policy term, but before the expiry of extended period, the nominee shall receive the Sum Assured under the Basic Plan.

Accident Benefit:

Accident Benefit Option equal to the amount of life cover subject to minimum of Rs. 50,000 and maximum of Rs. 50 lakh is available subject to certain limits and conditions. Accident Benefit charge at the rate of Rs. 0.50 per thousand Accident Benefit Sum Assured per policy year will be levied every month.

Modes of Premium Payment for LIC Wealth Plus :

The premium can be paid either in a Single premium (One time investment) or for 3 years regularly at yearly, half-yearly, quarterly or monthly (through ECS).

Minimum Premium:

Minimum Premium for 3 years Premium Paying policies is Rs.20,000 p.a. whereas for Single premium policies it is Rs.40,000 For Monthly (ECS) mode the minimum premium is Rs.2,000 p.m.

Eligibility for LIC’s Wealth Plus:

Minimum Age at entry is 10 years (age last birthday)

Maximum Age at entry is 65 years (age nearer birthday).

Surrender Value:

LIC Wealth Plus can be surrendered only during the policy term. The surrender value, if any, is payable only after the completion of the third policy anniversary both under Single and 3 years Premium Paying Term contract. The surrender value will be the Policyholder’s Fund Value at the date of surrender. There will be no Surrender charge. The policy can not be surrendered during the extended life cover period.

Thanks,

Nimesh.