Here's a brief description of the LIC ULIP Plans you've mentioned:
1. LIC Pension Plus Plan (Table Number: 867)
Type: Unit Linked Insurance Plan (ULIP)
Objective: This plan aims to provide regular income after retirement while also offering life cover during the policy term.
Features:
Flexibility to choose the premium payment term and the investment strategy.
Provides the option to withdraw funds partially after a specific lock-in period.
Offers various investment funds where the policyholder can allocate premiums.
Death benefit is the sum assured plus the value of units.
2. LIC Index Plus Plan (Table Number: 873)
Type: Unit Linked Insurance Plan (ULIP)
Objective: This plan provides life coverage while enabling policyholders to invest in a mix of equities and debt instruments linked to market indices.
Features:
Offers the opportunity to invest in indexed investment funds, which provide market-linked returns.
Flexibility to switch between funds based on market performance.
Provides insurance cover with the investment benefits.
The fund value will fluctuate based on the performance of the underlying indices.
3. LIC Nivesh Plus Plan (Table Number: 749)
Type: Unit Linked Insurance Plan (ULIP)
Objective: This plan is geared towards wealth creation along with providing life insurance coverage.
Features:
A combination of investment and insurance, allowing the policyholder to create a corpus for future goals.
Offers a wide range of investment options (equity, debt, or a combination) to suit the policyholder’s risk appetite.
The flexibility of premium payment and the ability to switch between funds.
Death benefit is the sum assured along with the value of the units.
Common Features Across ULIP Plans:
Insurance Cover: Provides a life cover throughout the policy term.
Investment Flexibility: Policyholders can choose how to invest their premiums.
Partial Withdrawals: Allow for partial withdrawals after the lock-in period, aiding liquidity.
Fund Value: The maturity amount depends on the performance of the chosen fund/s.
Note:
ULIPs carry market risks, and the investment portion may fluctuate in value based on market conditions.
Always refer to the detailed brochure or consult with a LIC agent for precise terms, conditions, and benefits of these plans.
Feel free to ask if you need more information or specific details!
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