What is LIC Market Plus policy?
Table of Contents
What is LIC Market Plus policy?
LIC Market Plus I is a unit linked deferred pension plan that is available with or without the option of Life cover. The plan offers added benefits of being able to choose the level of cover within limits of the policy that are dependent on payment mode of premiums and the value of premiums paid.
How can I withdraw my LIC Money Plus?
Can the LIC Money Plus policy be surrendered? A2. A customer may surrender the LIC Money Plus plan only after the third policy anniversary is completed. He will receive a surrender value that will be the same as his sum value at the time of surrender.
Is Surrender Value of LIC Market Plus policy taxable?
Surrender in LIC market plus plan is allowed for cash only after completion of initial three years of the policy. This is applicable for both single premium and regular premium policies. As policy levies, nil surrender charges, fund value as on the date of surrender will be payable to the policyholder.
How do I know my LIC Market Plus value?
Your Branch: Your Branch will be able to tell you the exact value of your policy. Please contact your nearest LIC Branch. Your Agent: Your agent has all the information about your policy, consider contacting them. Customer Care: Call LIC Customer care and ask about your policy NAV and current value.
What is the NAV of LIC Market Plus?
LIC Market Plus Growth Fund NAV
| Date | NAV Rate |
|---|---|
| 2021-12-06 | 25.0014 |
| 2021-12-03 | 25.3003 |
| 2021-12-02 | 25.4237 |
| 2021-12-01 | 25.2197 |
How much will I get if I surrender my LIC policy?
The policy can be surrendered after it has been in force for at least 3 full years. The Guaranteed Surrender value will be equal to 30\% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.
What is LIC Profit Plus policy?
The LIC Profit Plus plan is a unit linked endowment plan under which the policyholder has the option to make a single payment in the form of a lump sum towards his or her premium or choose to make premium payments in a uniform manner over a period of 3 years, 4 years or 5 years.