LIC Index Plus Plan, a plan that will not only give you high returns on investment but also death benefit and insurance cover, let’s know what other benefits you can get in this plan of LIC
LIC Index Plus Plan: LIC (Life Insurance Company) is the largest company in the insurance world in which millions of people have invested, LIC keeps bringing many new plans for its customers from time to time, which has many plans, some of these plans are for children and some for adults, while some plans are also according to investment which are market based.
LIC has brought one such plan LIC Index Plus Plan which is a ULIP plan (Unit Linked Insurance Plan), in which your money invested is market based but you get a very high return in it, along with this you also get other benefits including insurance cover and death benefit, let’s know about all its benefits
Features of LIC Index Plus Plan
This plan is a ULIP plan which is market based. In this, you have to pay premium regularly. It also has a guaranteed addition in which you are given guaranteed returns. In this, you can invest your funds in two ways. Apart from this, you can also withdraw money partially.
It has a lock-in period of up to 5 years. Death benefit is also given in this. In this policy, you get three options to pay premium. You can choose the option of monthly, quarterly, half-yearly and yearly premium. Apart from this, you can invest in two funds and can also switch between two schemes. In this, you can switch between two funds four times in a year.
LIC Index Plus Plan Fund Option
In this you get two fund options – Flexi Smart Growth Fund, Flexi Growth Fund. In this you can choose your favorite fund and invest in it. Apart from this, you can switch between these funds four times in a year.
Who can invest in LIC Index Plus Plan?
Applicants of minimum 90 days can invest in it and the maximum age has been fixed from 50 to 60 years. Premium can be paid on monthly, quarterly, half-yearly and yearly basis. The minimum term of the policy is only 10 to 15 years and investment can be made for a maximum of 25 years. The minimum age for maturity is 18 years and the maximum age can be up to 75 years or 85 years.
