Jadhav Pushpa P

Saturday, February 20, 2010

1) LIC FORTUNE PLUS

1) LIC FORTUNE PLUS :-
LIC’s Fortune Plus ULIP Plan No. :- 187

Term
Age
Sum Assured
Minimum
5
12
100000
Maximum
20
60
No Limits

Premium Ceasing Age : 65, Premium Ceasing Term : 20

k Plan Highlights :
For only those, interested in making a fortune of a Lifetime !!!
LIC’s Fortune Plus, a Unit Linked Limited Endowment Plan (ULIP+Endowment) which provides twin benefits of Insurance and Capital Market Return. Brief stint with premium liability and longer period to stay invested makes it a worthy of note. It has entire range of fund options to accommodate both risk averse and aggressive investors. This plan has been designed to ensure that your money earns you handsome returns. Thus with a host of innovative options placed in front of you, Fortune Plus is definitely the right kind of insurance solution you could aim at.
Premium amount reduces to 25% after first year.
Policy term or first year TS annual premium determines your sum assured.
No limit for maximum premium.
Premium can be paid in yearly, half yearly, quarterly and monthly (ECS) installments.
Minimum and maximum age to purchase policy under this plan is 12 and 60 years respectively.
You an choose policy term between 5 to 20 years.
Funds available under this plan are : Bond, Secured, Balanced and Growth.
Policyholder can switch between any fund types during the policy term. 4 switches will be allowed free.
Flexibility of partially withdrawing the units after 3 policy years.

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In case of maturity the policyholder will get an amount equal to the Value of Balance of the Units. In case of death the policyholder is eligible to get higher of sum assured or the value of the units.
Maturity returns can be amplified by exercising “Settlement Option where in the Policyholder can encash the units in regular installments”.
If premiums are not paid after paying at least 3 years premium then also the policyholder enjoys life cover and accident benefit (only if opted) subjected to condition.
Accident benefit rider option can be availed under this plan.
Enjoy tax benefit under section 80C.
Great mixtre of ULIP+Endowment Insurance Plan.
Flexibility to increase/decrease premium & withdraw money according to your needs.

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