LIC Endowment Plus Policy is a unit linked plan. You get saving, investment and insurance. All in one plan. UIN 512L261V01. The only demerit of LIC Endowment plus is “Maximum yearly premium Rs 100,000/- only and not more”. Invest in it today and enjoy these multitude of benefits. Benefits are High Returns, Liquidity, Flexibility, Tax Benefits, and Risk Cover!!!!
LIC Endowment Plus requirements:
- Entry age: 7 to 60 years.
- Maturity Age: 18 to 70 years.
- Term: 10 to 20 years.
- Lock In Period: 5 years.
- Surrender: Allowed
- Allocation: 3.3% SGL & 7.5% YLY
- SGL: 30000
- FP: YLY- 20000 to 1 lac
Benefits of LIC Endowment Plus Policy:
- Risk Cover up to 30 times of annualized premium.
- FOUR fund options available.
- Unlimited switches (first 4 per year – FREE!).
- Loan / Partial withdrawal facility.
- Accident benefit and critical illness rider available.
- Get more returns than ever before – charges greatly reduced.
- 50% reduction in policy administration charges.
- More than 60% reduction in allocation charges.
- Liquidity – Loan available under UPLI for the first time (after 3 years).
- Life risk – Option to take life risk cover at a very low cost. From 1.10 times of SP to 30 times of annual premium.
- Full fund value as Surrender value after 5 years. No surrender charges.
- Flexibility – 4 fund options to choose from.
- Switching – 4 free switches in a year.
- Reduction in risk cover allowed.
Other benefits of Endowment Plus LIC:
- Partial withdrawal allowed after 5 years.
- Critical illness rider allowed.
- Double accident benefit allowed.
- Available to persons in the age group 7-60.
- Minimum maturity age 18 years.
- Policy term from 10 to 20 years.
- Very low fund management charges.
- Settlement option available.
- Minimum yearly premium Rs 20,000.
- Minimum Single premium Rs 30000. maximum: No limit.
- All modes of payment allowed.
- Income tax benefits available.