Unit Linked Insurance Plan (ULIP) Revised Terms:
From September 01, 2010, all ULIP Plans will have the following features:
Term:
The minimum term for the ULIP plan would be 10 years.
Locking Period for Top Up:
All Top-up premium lock-in period would be 3 years. Also, Top-up premium not allowed during the last 3 years of maturity.
Compulsory Insurance:
Insurance cover is mandatory including Pension Plan Hence there will be no ULIP without risk cover.
Pension ULIP:
Withdrawals will be not allowed before maturity in the case of the Pension Plan.
Assignments and Loan:
Assignments and loans are not available in ULIP Plan.
Top-Up Premium:
Risk cover is mandatory for top-up premium and will be treated as a single premium for each time you top up.
Surrender:
Surrender before 6 years will attract a penalty.
| Term | Surrender Duration | Charges |
| Less than 10 yrs | 1st year | 12.5% |
| 2nd year | 10% | |
| 3rd year | 7.5% | |
| 4th year | 5% | |
| 5th year | 2.5% | |
| 6th year | Nil | |
| More than 10 yrs | 1st year | 15% |
| 2nd year | 12.5% | |
| 3rd year | 10% | |
| 4th year | 7.5% | |
| 5th year | 5% | |
| 6th year | 2.5% |
Dear sir; pls inform me my samridhi plus policy no 797055404 present situation thankyou.
my all policy’s updates and present sitution’s please send my emil.
Dear sir
My policy No715126019
I have invest Rs 50,000 From 2007 to 2012(yearly 10,000)
kindly sent a details what is the status of my policy
I want to know about the present status of wealth plus and my policy no. is 143005379
sir pls mujhe batao ki meri age 23 hai aur mere liye lic me samriddhi plus plan kesa hai pls aur mujhe 5 year me acha return chahiye pls mujhe batao
Yes, its a good investment.
sir i have invested 500000 rs under markrt plus 1(growth fund)
on 13-5-2010,but i couldn’t understand anything about this policy. plz tell me about this and also that from where and how i can get information about my present account state.
sir,
i have bought lic’s some ulip plans like money plus,market plus,and now endownment plus too.i would like to know the future of these plans.my market polycy which i deposited is 50000 by taking loan from my polycy and now i am paying the intrest for that and my moneybacks are being taken by lic.
i am so much confused about to taking a decision.pls suggest a solution
your site and ur daily update is very useful to me ……thank you …..knsakthivel dev officer lic chennai
friends dont worry about lic’s ulip plans…….pay further premium it will help you in future…..generally if u go to take ulip plan…u should wait for min 10 more years….first understand concept of inurance….if u invest in lic like rs 10000 u can get 2 lac life cover,1 lac normal,plus 1 lac for accident death…..but in bank or any other invesment will not give more money if losing life…..lic only for inurance…..dont think like real estates….shares….finance concern….ur money always secure……lic till now launched 16 ulip plans from 2000…based on our past experience no plan in under loss……if u pay premium further or u can get partial surrender of ur policy then u can pay…..dear frendz insuraance must for life……so pls understand concept….if u have any doubt pls contact any branch manager..or development officer…in nearest branch….
u can call or mail to me: kn.shakthivel,development officer,lic of india,chengalpattu branch,chennai division 1,tamilnadu…cell : 099440 55277,mail
: shaktierode@gmail.com
sir, i want to open insurance policy to save my income tax as well as family and financial safety point of view. pl tell me which pan is best for me? following are my details:
my age is 28 yrs. having annual income is 3.5 lacs.
pl suggest me any plan whcih shall i will open?
regards,
ananta
9370150008
Get Term insurance or Jeevan Anand or Jeevan saral.