LIC Cancer Cover Plan No. 905 Features & Details: LIC has introduced a new plan specific to cancer care. Cancer Cover Plan No.905 is a non-linked regular premium paying Health Insurance plan. This scheme provides fixed benefits on cancer detection of the first stage and second stage. Benefits of LIC Cancer Cover Plan With this …
LIC Flexi Plus (Table No. 811) not only provides lump sum benefit on the death of policyholder but also the maturity benefit irrespective of the survival of the Policyholder. This policy provides protection and long-term savings both at the same time. Features at glance : Flexibility term 10-20 years Flexibility premium paying mode Fund types: Debt …
LIC’s new health insurance Jeevan Arogya (Plan No. 903) provides fixed benefits for hospitalization and almost all types of surgical procedures. Jeevan Arogya can cover all your family members. LIC Jeevan Arogya gives you: Valuable financial protection in case of hospitalization, surgery, etc Increasing Health cover every year Lump-sum benefit irrespective of actual medical costs …
LIC Samridhi Plus Summary:
LIC Samridhi Plus is a ULIP plan. LIC Samridhi Plus (Plan No.804) is a close ended plan which would be open for sale for a maximum period of 3 months.
LIC 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. Read more about LIC Samridhi Plus
ULIPs and mutual fund are similar type of investments but not same. As we know mutual funds are more into investments; whereas ULIPs are into investments as well as insurance. When we look into the basic concept the difference between the two is very small, and mainly consists of product structure and risk coverage.
As now we know what exactly is an ULIP plan, now the next question normally pops out in our minds is how does this plan works out? No plan is easy to understand, so in the same way even it is critical to know the working of ULIP plan and how our money gets invested. ULIPs basically work like a mutual fund with a life cover involved in it.
Health is a major concern on everybody’s mind these days. With sky rocketing medical expenses, the possibility of any illness leading to hospitalization or surgery is a constant source of anxiety unless the family has actively provided for funds to meet such an eventuality. Most families rarely provide for health care, and even if they do, it is grossly inadequate.
LIC’s Jeevan Saathi Plus is a unit linked plan (ULIP) wherein a couple can take the insurance cover on their lives under a single policy.