LIC Index Plus: This new plan of LIC is unit linked. In this, you will get the benefit of insurance along with investment. Partial withdrawal facility is also available in the policy.
LIC Index Plus: LIC has launched a new insurance plan in the market. It serves the purpose of insurance as well as saving. LIC Index Plus is a unit linked plan. In this you will get the benefit of both saving and insurance. It can be started with a minimum premium of Rs 2500. To avail this plan, the minimum age has been kept at 90 days and the maximum age has been kept at 50 or 60 years. This is decided on the basis of basic sum assured. In this plan, investment will be made in Nifty 100 and Nifty 50 shares.
There will be opportunity for insurance and investment in the policy
LIC Chairperson Siddharth Mohanty has launched this LIC Index Plus Plan. This is a unit linked, regular premium and personal life insurance plan. In this, the investor will get the opportunity of insurance and investment as long as the policy is in force. Being a unit linked scheme, options like Flexi Growth Fund and Flexi Smart Growth Fund will also be available. For the maturity of the plan, your age should be between 18 years to 75 and 85 years.
Risk cover will be 7 to 10 times the annual premium
According to the information, the risk cover in this will be 7 to 10 times the annual premium. LIC has said that there will be a guaranteed increase in it every 5 years. The lock in period in the policy has been kept at 5 years. After this partial withdrawal can be done. You can invest in the policy for a minimum of 10 and maximum of 25 years. This plan can be purchased offline or online. The plan can be surrendered at any time.
You can invest for minimum 10 to maximum 25 years
On entry at the age of 50 or above, the premium will be 7 times the sum assured. The minimum term of this policy will be 10 to 15 years. You can invest for a maximum of 25 years. There is no limit on maximum premium. However, the annual premium will be Rs 30 thousand, half yearly premium will be Rs 15 thousand, quarterly premium will be Rs 7500 and monthly premium will be Rs 2,500. The annual premium will be tax free up to a maximum of Rs 2.50 lakh.
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