Sunday, 20 March 2011

Lic Jeevan Samridhi Plus Guaranteed Highest NAV of 100 Months

Jeevan Samridhi Plus is a recently launched (25th February, 2011) Unit Linked plan form Life Insurance Corporation of India (LIC) which assures the highest Net Asset Value (NAV) of the first 100 months to the investor. It is a close ended Unit Linked Insurance (ULIP) plan which allows partial withdrawals before the insurance term. The shortest premium paying term is 5 years and you can also opt for single premium payment. One can plan this scheme as per the financial needs of the investor such as marriage of self and children, Education of Children or retirement etc. Even if it is a close ended scheme you can surrender it after 5 years without any additional charges.

The policy term is 10 years and the maturity benefit of the plan is the highest NAV or Maturity Fund Value whichever is higher. But if the death of the insured is happened in between the policy term the nominee will get the sum assured or the fund value of the policy holder, whichever is higher. The fund allocation is in government guaranteed securities or corporate debt, money market investments, listed equity shares etc.

The entry age is 8 years to 65 years and maturity age should be 18 years to 75 years. You can opt for single premium payment of regular 5 years premium payment.

You can make two partial withdrawals per year after completing five years and the minimum withdrawal amount should be Rs. 2000 or Fixed number of units.

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  1. [...] Lic Jeevan Samridhi Plus Guaranteed Highest NAV of 100 Months Jeevan Samridhi Plus is a recently launched (25th February, 2011) Unit Linked plan form Life Insurance Corporation of India (LIC) which assures the highest Net Asset Value (NAV) of the first 100 months to the investor. It is a close … Continue reading ? [...]

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