WEALTH PLUS | |||||||||
GUARANTEED NAV: In This Product There is a Guarantee of The Highest NAV Recorded on a Daily Basis (some of other Insurer are fixed specified date in during the month, but LIC only give Max. NAV in a month), in The First 7 Years of The Policy, Subject to a Minimum of Rs. 10. This Means The Payment at The End of The Policy Term Will be Based on Highest Net Asset Value (NAV) Recorded Over The First 7 Years of The Policy, or The NAV as Applicable on The End of The Policy Term, Whichever is Higher. The Guarantee Will be Applicable Only for Payment Made at The End of The Policy Term Irrespective of Any Partial Withdrawals Made During The Policy Term. The Period of 7 Years Starts From The Date of Commencement of Policy.
Extended Life Cover = 2 years after the completion of policy term Minimum Premium: 3 years Premium Paying policies = Rs. 20,000 / Year Single Premium Policies = Rs 40000 / Year Monthly (ECS) mode = Rs. 2,000 / Month Sum Assured under the Basic Plan: Minimum Sum Assured : 3 years Premium Paying Term = 5 times the annualized premium Single Premium = 1.25 times the single premium. Maximum Sum assured: 3 years Premium Paying Term: 10 Times The Annualized Premium if Age at Entry is Upto 50 Years 5 Times The Annualized Premium if Age at Entry is 51 Years and Above Single Premium: 5 Times the Single Premium if Age at Entry is Upto 40 Years. 2.5 Times the Single Premium if Age at Entry is 41 to 50 Years. 1.25 Times the Single premium if Age at Entry is 51 Years and Above. Partial withdrawals will be allowed twice in a policy year. PRODUCT : This Plan Offers Payment of Fund Value at The End of Policy Term, Based on Highest Net Asset Value (NAV) Over The First 7 Years of The Policy, or the NAV As Applicable at The End of The Policy Term, Ahichever is Higher. NAV of The Fund Will be Subject to a Minimum of Rs. 10/-. This is Minimum Guaranteed NAV. The Policy Term is 8 Years With an Extended Life Cover For 2 Years After The Completion of Policy Term. MATURITY BENEFIT: On The Life Assured Surviving The End of The Policy Term of The Contract, An Amount Equal to The Policyholder’s Fund Value Based on Highest Net Asset Value (NAV) Recorded Over The First 7 Years of The Policy, or The NAV as Applicable on The End of The Policy Term, Whichever is Higher is Payable. DEATH BENEFIT : 1)In Case of Death During The Policy Term, Nominee Will Get = Sum Assured + Policyholder’s Fund Value . 2)In Case of Death After The Policy Term, But Before The expiry of extended Nominee Will Get = Sum Assured . Only LIC Will Give Both Sum Assured Plus Fund Value On Death. EXAMPLE:
Premium Paying Term = 3 Years Only Premium = Rs 20000 / Year Extended Life Cover = 9th & 10th Year From D.O.C MATURITY BENEFIT: End Of 7th or 8th Year , If NAV is 20 Will Get = Rs 1,20,000 After 3 Years Surrender Will Be Available. DEATH BENEFIT: 1)In Case of Death During 5th Year, Nominee Will Get = Rs 1,00,000 + 80,000 (if nav 16). 2)In Case of Death During 9th Year Nominee Will Get = Rs 1,00,000 . | |||||||||
Statutory Warning: “Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. These assumed rates of return are not guaranteed and they are not upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance.” All Calculation Given Above are Refer only *Insurance is the subject matter of Solicitation | |||||||||
For Any Clarification Contact RAVINDRABALAN. S LIC ADVICER | |||||||||
WEALTH PLANS
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