There are many options for where to invest for good returns, but in all these, LIC Nivesh Plus Plan has a different place. The premium has to be paid only once in this plan and then after a certain time you get a hefty amount with good interest.
New Delhi. If you are planning to invest somewhere and there is a dilemma in your mind as to how and where to invest. So we tell you that there is a scheme of Life Insurance Corporation of India, where you can earn good profit by investing less. Actually, LIC Nivesh Plus Plan is single premium, non-participating, unit-linked and individual life insurance, which also gives the option of investing with insurance during the term of the policy.
You can buy this plan offline as well as online. The policy taker also has the facility to choose the basic sum assured. Sum Assured options are 1.25 times the Single Premium or 10 times the Single Premium. 4 types of funds
There are 4 types of funds available in this plan. These are bond funds, secured funds, balanced funds and growth funds. You can invest in any of these as per your wish.
Instantly and you can buy this scheme offline as well as online. The policy taker also has the facility to choose the basic sum assured. Sum Assured options are 1.25 times the Single Premium or 10 times the Single Premium.
The Minimum entry age for LIC Investment Plus scheme is 90 days to 70 years. The tenure of the tenure and premium limit policy is 10 to 35 years and the lock-in period is 5 years. The minimum limit on the premium is Rs 1 lakh, while the maximum limit is not. The maximum maturity age is 85 years. Maturity Benefit If the policyholder stays alive till the policy term, he gets the maturity benefit, which is equal to the unit fund value. It is payable after the expiry of the policy term.
Free-look period company gives free-look period to its customer. During this time customers can return the policy. If the policy is purchased directly from the company, then 15 days and online purchase, then the 30-day free-look period applies. Death Benefit If the insured dies during the policy period, the nominee is entitled to receive the death benefit. If the policyholder dies before the risk commencement date, an amount equal to the unit fund value is payable.
The company allows customers to make partial withdrawals after the 6th policy year, in the block Particular Withdrawal LIC Investment Plus Plan. In case of minors, partial withdrawal is allowed after the age of 18 years.