LIC Money Plus Plan: It is also a linked endowment plan like LIC Profit Plus Ulip Plan 188. It offers Investments and insurance during the term of the policy. Life cover is compulsory under Money Plus plan. People you are in this policy can choose the level of cover your insurance within limits. It depends on your term you select in Money Plus plan. The policyholders have to pay the mode and amount of premium. You people can search for LIC Money Plus Ulip Plan no.180 – LIC24.
The premium amount will use to purchase units as per the selected type of fund. Units will allow and canceled based on the NAV. The capital applies to the date of allotment or cancellation. The Net Asset Value will compute on a daily basis and is based on the investment performance and Fund management charge. The fund is whether expanding or contracting under the type of fund. You people can also know the plans in LIC Money Plus Ulip Plan no.180 – LIC24 by checking a www.licpolicylogin.co website. For more details and queries you can comment on below section.
LIC Money Plus Ulip Plan no.180
Parameters in Money Plus Plan:
|Entry Age||Maximum: 0 Years (Last Birth)
Minimum: 65 years (Nearer Birth)
|Maturity Age||Minimum: 18 years completed
Maximum: 75 years NBD
|Policy term||5 to 20 years|
|Mode of Payment||Yearly, Half-yearly, Quarterly, Single|
|Alteration in Mode of Payment||In Yearly and Half-yearly it will allow without having alteration fees. If frequency mode is changed lower to higher, then alteration charges have to pay|
|Minimum Premium|| Regular Premium: Rs.5000/-
Single Premium: Rs.10,000/-
|Maximum Premium||No Limit|
Benefits of LIC Money Plus Plan 180
The policyholder surviving the date of maturity an amount equal to the fund value of the units and fund will pay to maturity claim. A policyholder may exercise the settlement option for one month before to date of maturity. The option is exercised when the Maturity claim is under the policy will not pay an amount. The funds are in regular installments or irregular installments that spread over a period of 5 years of maturity
In case of death of the policyholder when the cover is in full force, and the nominee should be eligible to get the sum necessary plans.
Options For Money Plus Plan
- Eligibility Conditions for Accident benefit.
- Critical Illness Rider.
Charges under Money Plus Plan
- Morality Charges
- Accident Benefit charge
- Critical Illness Benefit Charge
- Policy Administration Charge
- Service tax charges.
Benefit Illustration of LIC Money Plus Policy
Name of the Product: LIC’s Money Plus – I
Sum Assured: 600000
Premium Paying Term: 15
Amount of Installment Premium: 20000
Service Tax Rate: 10.30%
Policy Term: 15
Method of Premium Payment: Yearly
Funds opted: Growth Fund
Combination: BASIC PLAN WITH LIFE COVER
Gross Yield: 10%
Net Yield: 8.26%