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LIC Market plus is Unit Linked pension plan. You can view the number of Units allotted from the customer portal. Market plus NAV is updated daily on LIC website. Number of units allotted multiplied by today's NAV will be your cash value.
“IN THIS POLICY, THE INVESTMENT PERIL OR RICK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER”
Market plus is a ULIP deferred annuity plan. You can get the plan with or without risk cover. You can also decide the amount of risk within the limits, which will depend on whether the policy is a single premium or regular premium contract and on the level of premium the proposer is ready to pay.
There are four types of investment Funds are offered under this plan.
• Bond Fund
• Balance Fund
• Secured Fund
• Growth Fund
2. Eligibility Conditions And Other Limitations:
For Basic Plan without risk cover
a) Minimum Entry Age - 18 years (last birthday)
b) Maximum Entry Age - Regular premium: 75 years (nearest birthday)
Single premium: 80 years (nearest birthday)
c) Minimum Vesting Age - 40 years (completed)
d) Maximum Vesting Age - 85 years (nearest birthday)
e) Minimum Deferment Term - Regular premium: 10 years
Single premium: 5 years
f) Sum Assured - NIL
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