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
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  • 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
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


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.

Also Read  Profit Plus


  1. Hi Friends in Bangalore,

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  2. Thank you for agreeing with me. I am one among millions who believe in LIC plans.

  3. 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.

  4. Good pliciy introduced but i want to know about tax benefits ,

  5. lic has lanch a good plan for march ending.better than wealth plus plan.

  6. LIC K DHANASEKARAN February 17, 2011 at 10:32 pm

    we are waiting for world cup
    world cup starting samridhi plus launching date

  7. K.N.Krishna Murthy February 17, 2011 at 6:38 pm

    Right Plan at right time

  8. Praveen Mandawaria February 17, 2011 at 6:02 pm

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

    • 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.


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