LIC Market Plus 1; The magic plan, the market plan, the wonder plan. This is use to call Market Plus-1. 10K crore Rupees has been invested in this plan by policy holders and the locking period is for 3 years (it will expire on 31-12-2009 extended). After December, the locking period for the coming plan will be for 5 years. (information is based through source LIC agents). Hurry up and don’t miss this plan.
This plan has been extended till further notice with some changes. The Min. Single premium per year has been extended from Rs. 10,000 to Rs. 30,000. And, minimum yearly payment is increased from Rs. 5000 to Rs. 10,000
LIC Market Plus 1 Features:
Minimum Entry Age: 18 years completed.
Maximum Entry Age: 80 years nbd without life cover. 65 years nbd with life cover.
Minimum deferment Pd: 5 years.
Minimum Vesting Age: 40 years.
Maximum Vesting Age: 85 years nbd without life cover. 75 year nbd with life cover.
Why Market LIC Market Plus 1 Plan?
Policy Ek Fayda Anek (Investment bhi PLUS, pension bhi PLUS, Yane Double PLUS)
(a) High returns will minimum risk.
(b) Easy liquidity (can be surrender after 3 years).
(c) Tax benefit available.
(d) Opportunity to invest in different firm (4 types). According to your risk appetite.
(e) Option to switch over between different funds.
(f) Top up facility (Invest any amount any time).
(g) Optional life risk cover at a low premium.
(h) Flexibility in mode of premium payment (Single/Yly/Hly/Qly/ECS)
(i) No surrender charges.
(j) Optional critical rider (cover on specific diseases).
(k) Option to freeze NAV anytime even before 3 years. in case of high increase in NAV.
Why Invest now? Current NAV 12.15
(a) New hope & optimism as there is a stable government at center. All economic, financial, newspaper, magazines, TV channels predict that Sensex will go up considerably in next 3 years.
(b) Expected FII investment.
(c) Low inflation.
(d) Push to agricultural sector in the budget.
(e) Lowering of Interest rate.
(f) Lightly huge investment in infra structure.
(g) It is expected that the invested amount in this plan will get doubled in 3-4 years.
How ULIP of LIC which have completed more than 3 years have performed?
(1) Bima Plus (plan closed):
Launching date 02-02-2001 with NAV 10. But current NAV is 44.49. Rate of interest @ 41% per year
(2) Jeevan Plus (plan closed):
Launching date 18-10-2005 with NAV 10. But current NAV 18.36. Rate of interest @ 22% per year.
(3) Future Plus (plan closed):
Launching date 04-03-2005 with NAV 10. But current NAV 19.63. Rate of interest @ 22% per year.
Where does LIC invest the funds of LIC Market Plus 1?
|Maruti Suzuki||Hindustan Unilever|
Why should you be left behind? Invest now before it is too late.
For more details Contact us through phone: +91-9850-674-066