LIC, renowned for its track record of delivering substantial returns, now unveils a game-changing opportunity for investors – the LIC Index Plus plan. This innovative venture promises to revolutionize investment strategies and pave the way for substantial profits. Let’s delve into the intricacies of this transformative plan.
Understanding LIC Index Plus :
LIC Index Plus stands as a testament to LIC’s commitment to empowering investors with a diverse range of investment avenues. This plan allows individuals to venture into the dynamic world of the stock market while ensuring financial security through life insurance coverage and savings accumulation.
Key Features and Benefits
1. Holistic Coverage: LIC Index Plus offers comprehensive life insurance coverage alongside opportunities for savings and investment, providing investors with a robust financial foundation.
2. Flexible Withdrawal Options: Following a brief lock-in period of 5 years, policyholders gain the flexibility to partially withdraw units from their investment, subject to specified conditions and guidelines.
3. Guaranteed Additional Benefits: A portion of the annual premium is allocated to the Unit Fund, enhancing returns and bolstering investors’ portfolios with guaranteed additional benefits.
Eligibility Criteria and Policy Details
1. Age Requirements: Policyholders must be at least 90 days old, with an age range extending from 50 to 60 years, depending on the investment amount.
2. Insurance Coverage: The basic insurance amount, coupled with the annual premium, is fixed between seven to ten times the policy premium for individuals aged between 90 days and 50 years.
3. Policy Duration: Ranging from a minimum of 10 to 15 years to a maximum of 25 years, the policy duration aligns with the premium payment period, ensuring consistency and convenience for policyholders.
Premium Structure:
1. Annual Payment: Investors opting for annual payments will contribute ₹30,000 annually.
2. Bi-Annual Payment: Semi-annual payments amount to ₹15,000.
3. Quarterly Payment: Quarterly payments equal ₹7,500.
4. Monthly Payment: Monthly payments stand at ₹2,500.
Investment Options:
Policyholders are presented with two distinct investment options: the Flexy Growth Fund and the Flexy Smart Growth Fund. This flexibility empowers investors to tailor their investment strategy to their individual financial objectives and risk tolerance.
| Aspect | Details |
|---|---|
| Plan Name | LIC Index Plus |
| Purpose | To provide life insurance coverage and savings while investing in the share market |
| Premium Payment | Regular premium payments required |
| Lock-in Period | 5 years |
| Partial Withdrawal | Available after the lock-in period with certain conditions and rules |
| Additional Benefits | Guaranteed extra money added to the Unit Fund after remaining policy years |
| Eligibility Criteria | Policyholders must be at least 90 days old; Age ranges between 50 to 60 years |
| Insurance Amount | Basic insurance amount fixed between seven to ten times the policy premium |
| Policy Duration | Minimum of 10 to 15 years, maximum of 25 years |
| Investment Options | Flexy Growth Fund and Flexy Smart Growth Fund |
Conclusion:
With its comprehensive coverage, flexible investment options, and guaranteed additional benefits, LIC Index Plus emerges as a compelling choice for individuals seeking to navigate the complexities of the stock market while safeguarding their financial future. Embrace this opportunity with LIC and embark on a journey towards sustained prosperity.
I highly recommend visiting the official website for detailed information and assistance regarding the LIC Index Plus plan and its features.
