3) LIC MARKET PLUS - I

3) LIC MARKET PLUS - I :-

LIC’s MARKET Plus – I ULIP Plan No. :- 191

Launched on 17th June 2008, is a unit Linked Deferred Pension Plan where the policy holder can choose the plan with or without risk cover.

k Benefits :-
On death of the policyholder within the defferment term where life cover is opted for and is in force, the nominee is eligible to get the sum Assured under the Basis Plan together with the Policyholder’s Fund Value.
On death of the policyholder where the policy is taken without life cover, then the Policyholder’s Fund value, is payable to the nominee.
On the Policyholder surviving upto the date of vesting, the Policyholder’s funds value will compulsorily be utilized to provide an annuity based on the then prevailing immediate annuity rates under the relevant annuity option.

k Top-Up (Additional Premium) :-
The policyholder can pay Top-up in multiples of Rs. 1,000/- without any limit at anytime during the term of the policy.

k Eligibility & Conditions :
For Basic Plan Without Life Cover.
a) Minimum Sum Assured : Nil
b) Maximum Sum Assured : Nil
c) Minimum Premium :
Rs. 5,000 p.a. for Rgular premium (other than monthly (ECS) mode) Rs. 100 p.m. for monthly (ECS) mode, increasing thereafter in multiples of Rs. 250, thereafter in multiples of Rs. 250.
d) Maximum Premium : No limit
e) Minimum Entry Age : 18 years last birthday
f) Maximum Entry Age : 74 years nearest birthday
g) MinimumDefferment Team : 5 years
h) Minimum Vesting Age : 40 years completed.
i) Maximum Vesting Age : 79 years completed.Annulized premiums (other than monthly (ECS) is payable in multiples of Rs. 1,000