Review LIC Samridhi Plus (Table no. 804)

Samridhi Plus (Table No.804) in a new ULIP plan which offers Highest NAV of 1st 100 months or fund value whichever is higher.

Summary

This is Guaranteed highest NAV ULIP plan in which you get highest NAV of First 100 months or the fund value at maturity (Whichever is higher), similar to LIC Wealth Plus but charges are much lesser in this plan.

Samridhi Plus features at glance:

• Highest NAV of 1st 100 months or fund value on maturity
• Lock in period 5 years
• Limited Premium paying term (5 years)
• Partial withdrawal allowed after lock in period twice a year.
• No limit on single premium investment
• Entry age 8-65 years

Death or Maturity Benefit:

Highest NAV of 1st 100 months or fund value payable on Maturity/Death.

Eligibility condition and restrictions for LIC Samridhi Plus

• Entry age: 8-65 years,
• Maturity age 18-75 years,
• Policy Term 10yrs
• Premium paying term: 5yrs or single premium

Min Premium:

• Yearly Premium: Rs.15000/-,
• Half Yearly: Rs.8,000/-
• Quarterly: Rs.4,000/-
• Monthly Rs.1500/-(By ECS only)

Min. Single Premium: Rs.30,000/-

Maximum premium:

Single Premium: No Limit

Regular Premium: 1 lac p.a.

Risk Cover:

Below 45 years of age 10 to 20 times of annual Premium

Above 45 yrs 7 to 10 times of annual premium

Single Premium Risk cover:

1.25-5 times for single premium(upto 55 yrs)

1.10 to 1.25 times for single premium (56-65yrs age)

Accidental benefit available at an extra Rs. 0.50 per thousand sum assured

Allocation Charges:

• 3.3% for Single Premium,
• First year: 6% regular premium
• 2nd to 5th year: 4.5% of regular Premium

Other Charges:

• Policy Admin charges: Rs.30/month
• Guarantee charges: 0.4%
• Fund Management Charges (FMC): 0.9%

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