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LIC Samridhi Plus ULIP Policy Launched, Details

Life Insurance Corporation of India has launched a new Unit linked life insurance policy called 'Samridhi Plus'

Samridhi Plus is different from other ULIP policies because it offers accident benefit option and also safeguards policyholders' investment from market fluctuations.

The minimum age at entry level for Samridhi Plus is 8 years while the maximum age is 65 years. The term of the policy is 10 years.

The minimum premium ranges from Rs 1500 (monthly - ECS) to Rs 30,000 (single premium).

The maximum amount payable is Rs. 1 Lakh.

Sum Assured under the Basic Plan -
Minimum Sum Assured:
5 years Premium Paying Term policies:
For age at entry below 45 years: 10 times the annualised premium
For age at entry 45 years and above: 7 times the annualised premium

Single Premium policies:
For age at entry below 45 years: 1.25 times the single premium
For age at entry 45 years and above: 1.10 times the single premium

Maximum Sum assured:
5 years Premium Paying Term policies:
For age at entry below 45 years: 20 times the annualized premium
For age at entry 45 years and above: 10 times the annualized premium

Single Premium Policies:
5 times the Single premium, if age at entry is upto 55 years.
1.25 times the Single premium, if age at entry is 56 to 65 years.

A grace period of 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly (through ECS) premiums.


For detailed information visit the Samridhi page at LIC official website at http://www.licindia.in/samridhi_features.html

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