Lic's - Wealth Plus ( Plan No.: 801)

Lic’s Wealth Plus Plan (801)
LIC’s New Plan Wealth Plus Plan (801) on Feb 09, 2010.
Wealth Plus Unit Linked Plan having a Term of 8 years.
Single Premium and Regular Premium with a Payment term of 3 years
Wealth Plus Plan will be available for three months from 9th February.
Eligibility Conditions and Restrictions :
Minimum Entry Age : 10 years (Completed)
Maximum Entry Age : 65 years ( Nearest Birthday)
Term : 8 years
Premium Paying Term : Single or 3 years
Mode : Single, Yearly, Half Yearly, Quaterly
Minimum Premium Single : Rs.40000 (and above)
Minimum Premium Regular : Rs.20000 (Yearly) for three years.
Extended Life Cover : 2 Years After Completion of Policy Term
Partial Withdrawale Facility : Available After 3 Years
Lock In Period : 3 Years
Risk Cover (SinglePremium) : Minimum-1.25 Times, Maximum–5 Times (Age Based)
Risk Cover (RegularPremium): Minimum- 5 Times, Maximum – 10 Times (Age Based)
Accidental Rider Benefit : Rs.0.50 per thousand risk cover
Maturity Benefit :

Wealth Plus Plan guarantees to pay you the highest NAV reached in the first 7 years of its term or the 8 th year NAV which ever is higher.
Death Benefit :

1. On Death during the Policy Term is Sum Assured + Fund Value will be Paid
2. On Death After Maturity With in 2 years Sum Assured will be Paid.
Surrender Charges :

There are no surrender charges in this plan. You can surrender even within three years, but the amount will be only paid after three years.

Partial Withdrawals :
Under Wealth Plus Plan Partial Withdrawals are allowed after 3yrs, withdrawals can be made twice in a year after three years from commencement of your plan. No Top-ups allowed.
Highest NAV :

As maturity benefit you are offered the highest NAV for your units in the fund, if you complete the term of 8 years under the plan.