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Recent Posts
- ATTENTION ALL LIC POLICY HOLDERS
- LIC India increases bonus
- PNB agrees to pick 30% in MetLife India
- Guaranteed Return Plans
- Income Tax Return Online – Save Time
- Why Fixed Deposits are not good for your child
- Gold ETF turnover nears Rs 500 cr on Akshaya Tritiya
- Health Insurance for Government Employees
- Life insurance premium may come down soon
- Issue of Postal Life Insurance Government of India Special Security
- Insurance Scheme for Teachers
- Fixed Deposit rates may Decline in Coming Weeks
- IRDA limits scope of selling Ulips Over phone by distance insurance marketers
- Tax-saving traps to avoid
- Samvardhan – Pension Scheme for LIC agents
- Samridhi Plus – LIC of India – Samridhi Plus Unit Link Plan
- JEEVAN SAMRIDDHI – Money Back Plan
- Life insurers want tax exemption limit increased
- LIC pays Rs. 1030 crore dividend to Govt for FY10
- Warnings and Penalties – Max Newyork Life Insurance Co
- LIC BIMA Account 1
- LIC of India, IRDA and Tax-free Infrastructure Bonds
- How much tax do infra bonds really save?
- Long term infrastructure bonds – IDFC Infrastructure Bond-Series ll
- Central Government Employees Group Insurance Scheme (CGEGIS): Ministry of Finance
financial advisor for small saving
New Wealth Plus Plan
Life Insurance
About Wealth Plus
LIC of India‘s new life insurance plan Wealth Plus is an unit linked plan with a term of 8 years and premium payment term of 3 years or Single premium.
Returns in Wealth Plus
Wealth Plus guarantees to pay the highest NAV reached in the first 7 years of its term or the 8 th year NAV which ever is higher. But this guarantee of highest NAV can only be availed if you complete the term of the policy.
Extended Life Cover
LIC’s Wealth Plus also offers extended life cover for a period of 2 years after end of the term.
There are no surrender charges in LIC’s Wealth Plus. You can surrender even within three years, but the amount will be only paid after three years from date of the policy as per IRDA restrictions.
Partial Withdrawals under LIC’s Wealth Plus
LIC’s Wealth Plus has an inbuilt feature of partial withdrawals wherein, withdrawals can be made twice in a year after three years from commencement of your plan. But the only restriction is that there should be a minimum of one annual premium left in the fund, and the minimum amount to be withdrawn must not be less than Rs.2000.
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