LIC Samridhi Plus

LIC Samridhi Plus

LIC Samridhi Plus (Plan No.804) is a ULIP plan. It’s a close-ended plan which would be open for sale for a maximum period of 3 months.

Samridhi Plus Plan at Glance:

  • Guaranteed Highest NAV of the first 100 months at Maturity
  • Policy Term 10 years
  • Lock-in period 5 years
  • Limited Premium Payment (5 years or single premium)
  • Unlimited investment under Single Premium
  • Insurance Protection
  • Easy liquidity through Partial Withdrawals
  • Entry age 8 to 65 years

LIC Samridhi Plus 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 this plan is limited to single or 5 years. The policyholder can choose the level of cover within the limits, depending on his/her age.

Benefits payable on death:

The nominee will get Sum Assured or Policyholder’s Fund Value whichever is higher

Maturity Benefit:

Highest NAV Fund Value Or Maturity Fund Value Whichever is higher.

Guaranteed NAV:

In this plan, there is a guarantee of the highest NAV recorded on a daily basis, in the first 100 months of the policy, subject to a minimum of Rs. 10/-. The guarantee will be applicable only for units available in the policyholder’s fund at the end of the policy term. The period to be counted for a guarantee of NAV shall be 100 months from the date of commencement of the policy.

Eligibility condition and restrictions for LIC Samridhi Plus

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 annualized premium
  • For age at entry 45 years and above: 10 times the annualized premium

Single-Premium Policies:

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

Top-up: No Top-up shall be allowed under the plan.

  • Entry age: 8-65 years
  • Maturity age: 18-75 years
  • Policy Term 10 yrs
  • Premium paying term: 5yrs or single premium

Minimum Premium:

  • Yearly Premium: Rs.15000/-
  • Half Yearly: Rs.8,000/-
  • Quarterly: Rs.4,000/-
  • ECS Monthly Rs.1500/-
  • Min. Single Premium: Rs.30,000/-

Maximum premium:

  • Single-Premium: No Limit
  • Regular Premium: 1 lac p.a.

Benefit illustration (Assuming Gross Interest Rate of 10% P.a.)

  • Age:  30 years
  • Sum Assured:  Rs.200000/-
  • Policy Term:  10 years
  • Premium:  Rs.20000/- p.a.
  • Premium Paying Term:  5 years
  • Maturity Amount:  Rs.1,73,355/-

Accident Benefit:

Accident Benefit is available at an extra Rs.0.50 per thousand Sum Assured

Premium Allocation Charge:

For Single premium policies:    3.3%

For Regular premium policies:

PremiumAllocation Charge
First-year6%
2nd-5th year4.50%

Other Charges:

Policy Administration charge: Rs. 30/- per month during the first policy year and Rs 30/- per month escalating at 3% p.a. thereafter, throughout the term of the policy.

Fund Management Charges (FMC): 0.90% p.a

Guarantee Charge: 0.40% p.a

Last Date: 24th May 2011


 Update: Samridhi Plus Table No.804 Has Been Discontinued


Note:

The above is the product summary giving the key features of the plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.

44 thoughts on “LIC Samridhi Plus”

  1. i have Samridhi plus policy.now the policy has completed 4 years. please let me know what is the status of plan no 804 policy

  2. Santosh V Salunkhe

    My policy number is 925988006

    Pls let know how much equities i got and now how much value of investtment today

  3. I have applied for LIC samridhi plus plan, I want to check updates on my computer online. how can I register my policy on your web site. please help

    regards

    shivani goyal

  4. I have applied for LIC samridhi plus plan, I want to check updates on my computer online. how can I register my policy on your web site. please help

  5. i invested 150000/- at one time for ten year, pls let me know how to check the fund value & how much i will get after complet the policy approx.

  6. Hi this is Ramachandra , i have opened LIC samridhi plus for 10 year , i am paying Every year Rs-16000/- for ten year Rs-160000/- so please tel me how much i will get at end of the policy

    Thanks & Regards
    Ramachandra

  7. If i invest Rs 15000 per annum in LIC samridhi plus policy for 5 years
    then what will be maturity amount after 5 years and can i close policy at any time after one year

  8. suresh kumar sharma

    i want to know about my policy no 197338543 how much i got the final amount end of this policy after 21 years. my 2nd question is that lic RDrate is fix or floting. 5000 rs. monthly deposit in lic how much i got full amount after 10years.

  9. invest rs.38000/-(approx.) at the age of 30 for 25 years and get Rs.2775000/-(approx.) on maturity or invest rs.44000/-(approx) for 20 years and get the same returns after 25 years. For details contact 9818550326

  10. how can solve of my mother’s lic policy, where my mother has died and i am an nominee of this policy. another, i want to invest in samridhi plus premium of Rs-15000/-p.a. how many cash back to me. please inform me immediate. please reply me.

    thanking you

    regards

    raj kumar das (9038024228)

  11. To Buy a New LIC Insurance Policy in Delhi/NCR , please call/SMS our LIC Direct marketing 9873405098

  12. Prasenjir Bhattacharjee

    What is the highest NAV value you had given in your old proposals as of now?

  13. If single premium Rs.60000/- and maturity period 10 yrs, then what risk cover i will get and appx value of maturity.

  14. I want to invest 25000 per year for some years and want to back 2500000 after some years.Can you have any type of plan. Tell me immediately.Thank you

  15. in this lic samridhi plan what is highest NAV calculation upto the policy finished or there is a calculationof nav in a every month 02 fixed dates(i.e. 7th and 20th) of every month.

    and also what are allocation and other charges of this policy upto 05 years.

    please reply this a very good plan.

  16. i am interested as the plan sounds interesting plz solve this query:
    if i take single premium plan and invest rs100000 how much benefit will i get at the end of 10 years ?
    plz give d rough idea
    plz rply soon when does the plan closes?

  17. Guaranteed Value:
    In this plan there is a guarantee of the highest Value recorded on a daily basis.
    Than my policy for fortune plus plan-187 issue for 8/10/2007 than 20 years Ulip plan and my policy no 123709198 ,value down
    than your plan for Samridhi Plus is high value for 10years ya 20 years. Reply just my mail id

    pal_1794@yahoo.co.in

  18. LOYALTY ADDITION IS NOT GUARANTEED BY L I C. AGENTS ARE GIVING ASSUMPTION OF 10% P.A. AT THE TIME OF MONEY PLUS PLAN SAME FUNDA PUBLISHED BY AGENTS AND OFFICERS OF LIC FOR THEIR OWN INCENTIVES.
    NOW MONEY PLUS IS GOING IN MINUS.AGENTS AND OFFICERS EARNED HUGE COMMISSION AND INVESTORS ARE LOOSING THEIR HARD EARN MONEY.
    DON’T TRUST JEEVAN SARAL AS GOOD INVESTMENT.
    ALL INSURANCES ARE GIVING ONLY 3to5% return. NOT MORE THAN THAT.GO FOR LONG TERM RECURRING IN BANKS.

    1. 2% less TDS 10.3% isn’t a huge commission. Is it?

      Jeevan saral gives approx 9% return as of today.

  19. Pl. inform me the budget 2011 impct on Samridhi plus as well as tax benefit on premium and maturity amount

  20. Anand Vasant Gosavi.

    (1) I fail to understand meaning of “escalating @3%…..”Please explain 3% of what? Escalation means increasing by spread. Please explain by illustration.
    (ii) Fund & Guarantee charges are % of Fund value. Fund value- how to know that for every year?
    (iii) Mortality charges- Please let me know for my age, say 61, what are these charges and how do we know how you have arrived at such a charge?

    Please explain.

    Thanking you.

    Anand Gosavi

  21. Table 804 – Samrudhi Plus – Features are very competative. Plan overall very nice, but what will be investment pattern ? If investment in Equity market 85-90%, then nav will performed good.

  22. Invest Rs.34000 p.a and get Rs.2775000/- after 25 years under insurance plan from LIC of India. For details contact KAMAL AGGARWAL at 9818550326

  23. Hi Friends in Bangalore,

    Wanna buy the new excellent highest NAV guaranteed plan of LIC Samridhi Plus. Then please contact immediately
    Mobile: 9141788908.

    Would help in your financial planning and paper processing as fast
    as possible

  24. This has reference to your advertisement where children are gathered to eat some thing with selected taste. Although you give message about choice of premium, the whole advertisement is giving wrong message to children. They should not be attracted to such street sellers who give poor eatables with hardly any hygiene.

  25. Praveen Mandawaria

    What about Income tax benefit in LIC samirdhi plus plan. What is the premium for 35 years person for 100000 sum assured?

    1. I have a samridhi plus policy. Now the policy has completed 3 years. But I need money for emergency purpose. I contacted LIC office before 1 week for closing this policy. The office staff told me that there is no chance to close the policy. It will be matured after 5 years. Please help me how to get the money from the policy and let me know the procedure to close this policy.

      Thanks

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