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Published On:
01 Apr 2011 12:41 pm
Ad Type: I am offering
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Location: Mumbai(Maharashtra), India
Mobile: 9969444089

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amit butola

LIC's SAMRIDHI PLUS in Mumbai

Services [ Loans - Insurance ]

 

LIC SAMRIDHI PLUS -your prosperity our guarantee.

Launch Date: 25-Feb-2011. ( A close Ended ULIP plan available for 90 days max.)

LIC SAMRIDHI PLUS is a unit linked plan with a policy term of 10 years that offers payment of Fund Value at the end of the policy term based on the Highest Net Asset Value (NAV) over the first 100 months of the policy or the NAV as applicable at the end of the policy term, whichever is higher.

The premium payment under LIC SAMRIDHI PLUS limited to single or 5 years.

(a) Minimum Age at entry      -          8 (age last birthday)
(b) Maximum Age at entry     -          65 years (age nearer birthday)
(c) Policy Term                       -         10 years

Samridhi Plus features at glance:

  • Highest NAV of 1st 100 months or fund value on maturity
  • Lock in period 5 years
  • Limited Premium paying term (5 years)
  • Partial withdrawal allowed after lock in period twice a year.
  • No limit on single premium investment
  • Entry age 8-65 years

Benefits payable on death: In case of death of the policyholder when the risk cover is in full force, the nominee shall be eligible to get higher of Sum Assured under the Basic Plan and the Policyholder�s Fund Value as at the date of booking the liability.The policyholder�s Fund on death shall be determined at the prevailing NAV as on the date of booking of the liability.

Benefits payable on maturity: On the policyholder surviving at the end of policy term an amount equal to the Policyholder�s Fund Value based on the highest NAV over the first 100 months of the policy or the NAV as applicable at the end of the policy term, whichever is higher, shall be payable.

Accident Benefit Rider Option:
Accidental death of the Policyholder during the term of the policy, a sum equal to the Accident Benefit Sum Assured will become payable, provided the Accident benefit cover is opted for and is in force.

 

a) Minimum Basic Sum Assured:
5 year Premium paying term policies:
For age at entry below 45 years: 10 times the annualized premium
For age at entry 45 years and above: 7 times the annualized premium

Single Premium:
For age at entry below 45 years: 1.25 times the single premium
For age at entry 45 years and above: 1.10 times the single premium

b)Maximum Basic Sum Assured:
5 years Premium paying term policies:
For age at entry below 45 years: 20 times the annualised premium
For age at entry 45 years and above: 10 times the annualised premium

Single Premium Policies:
5 times the Single premium, if age at entry is upto 55 years.
1.25 times the Single premium, if age at entry is 56 to 65 years

 

The best way to Invest......

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