LIC Wealth Plus
Wealth Plus will start from 9th February, 2010 for a maximum period of three months. It is a ULIP with term for 8 years providing life cover also. 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.
Guarantee will be applicable only for payment to be made at the end of the policy terms – 8 years. There will be an extended life cover for 2 years after completion of policy term.
(This Plan has been closed on 8th May, 2010)
1. Highest NAV of 7 year guaranteed.
2. Very Attractive Returns.
3. Life cover.
4. Minimum Yearly premium Rs. 20,000 for three years term policy and there is no limit on maximum premium.
5. Tax Exemption.
6. Limited Period Offer (Only for three months).
Premium payment under this plan is limited to single or 3 years. With this plan accident benefit facility is also available. In case of death of policy holder during policy term, and the policy is in full force, the nominee shall get the sum assured under the basic plan along with the policyholders fund value.
After the 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 policy terms after completion of third year. This plan comes under Tax Benefit 80-C.
The minimum age at entry is 10 years while the maximum age of entry is 65 years. The plan also offers an extended life cover for 2 years after the completion of the policy term of 8 years.
NOTE: It is highly recommended if you can contact our agent directly on phone for more details about Wealth Plus or any other policy.