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LIC profit plus is Unit Linked insurance plan. You can view the number of Units allotted from the customer portal. profit plus NAV is updated daily on LIC website. Number of units allotted multiplied by today's NAV will be your cash value.
LIC Profit plus is a unit linked Endowment plan. The premium payment term (PPT) is restricted to single lump sum, or consistently over 3, 4 or 5 years. You can decide the level of risk within the limits, which will depend on whether the policy is a Single premium or Limited premium contract, term chosen and on the level of premium you ready to pay.
There are four types of investment Funds are offered under this plan.
2 . Eligibility Conditions and Other Restrictions:
(a) Minimum Age at entry - 0 (age last birthday)
(b) Maximum Age at entry - 65 years (age nearer birthday)
(c) Minimum Maturity Age - 18 years (completed)
(d) Maximum Maturity Age - 75 years nearest birthday
(e) Policy Term -
For premium paying term 3 and 4 yrs: [10 to 20] years
For premium paying term 5 yrs: [10, 15 to 20] years
Single premium: [5 to 20] years
(f) Minimum Premium -
Rs. 15,000 per year for Limited premium Paying Term policies (other than monthly (ECS) mode.
Rs. 1500 per month for monthly (ECS) mode.
Rs. 40,000 per year for Single premium policies.
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