LIC Future Plus ULIP Plan No 172: Life Insurance Corporation of India has launched a plan called Future Plus ULIP Plan. It’s a unit linked pension plan. The customers can subscribe for with or without risk cover plans. Also, it offers Critical Illness Rider, Accidental Benefit Rider, or both optional. Subscribers can choose both rider or any one of the rider only if the primary plan is taken with the life cover. According to the alloted premiums, Policyholder applied to buy units for the fund type. And units will be added based on the NAV of the fund. Even there is no Bid-Offer. Get more details about LIC Future Plus Plan.
Guys, Are you looking for the Future Plans to live a happy future? Then you are at the right place. Here you can check out the new LIC Future Plus ULIP Plan No 172. Also benefits and advantages and uses of it. The NAV will be declared on a daily basis or based on the investment premium paid. So, who decided to take LIC Future Plan, can apply as soon as possible. In the following sections, you can check out its features and how to make LIC Future Plus Plan No 172.
LIC Future Plus ULIP Plan No 172
The new LIC Future Plan is selling like hot cakes. Within the month of released date, it crosses 600 crores, and it may reach upto 1000 crores as per the survey. This was the first and best plan which got too much response from the people. As it offers four different kinds of funds called bond, income, balance, and growth. Nowadays there’s a high demand for the ULIP plans more than the traditional plans. Also, have a chance of releasing more LIC ULIP plans said by the head of the department
Eligibility Conditions for of LIC Future Plus Plan 172
If anyone planning to take LIC Future Plus they can have a look at the table to get a brief idea about policy terms and policies, and eligibility conditions.
|Minimum Entry Age||18 Years|
|Maximum Entry Age||65 Years|
|Maximum Vesting Age||75 Years|
|Minimum Policy Term||5 Years|
|Maximum Policy term||57 years.|
|Payment Mode||Yearly, Monthly, Quarterly, Half Yearly|
|Premium Amount Minimum||For single premium – 10,000/- For Regular premium -5,000/-|
|Sum Assured- Maximum||No limits|
Benefits of LIC Future Plus Plan
Here you can find below benefits available under the LIC Future Plus plan. Check all the useful benefits under this program.
Death Benefit: If the policy-holder dies before the maturity cover the nominee will receive the sum assured and if they any final additional bonuses. In case of the life, insurer commits suicide, at any time before the one year of policy the bid amount is a credit to the unit account of the policy-holder.
Maturity benefit: If the investor survives upto the vesting time the bid value of the unit held in the policyholder accounts will be utilized to provide a pension.
Options for LIC Future Plus Plan
- Life Cover
- Accidental Benefit Rider Option
- Critical Illness Rider Option.
Charges under Future Plus Plan 172
- Service Tax Charge
- Morality charges
- Critical Illness charges
- Accident Benefit charge
- Policy Charge
- Administrative costs
Other Benefits of LIC Future Plus Plan
Along with the above benefits, you can also have the below some additional benefits available for you. Usua typically there are four types of investment funds available to the policyholder.