MARKET PLUS 1 LIC POLICY

MARKET PLUS 1 LIC POLICY:-

Feature of plan: Market plus is a unit linked deferred pension plan. The policyholder can choose the plan with or without risk cover. He can choose the of cover within the limits, which will depend on the mode and amount of premium he desires to pay. This is a public policy.

Plan parameters

For basic plan
Age at entry: Min. 18 yrs. Comp. Max. 70 yrs (NBD). However. If life cover is opted for, then 65 years nearest birthday.
Vesting age: Min. 40 yrs. (LBD) Max.75 yrs (LBD)
Sum assured (min): *Regular 50,000 single 25,000
Sum assured (max): * Regular up to 20 times ann. Prem. *single up to equal to S.P
Min. premium: Rs.5,000 pa for regular premium & 10,000 for S.P
Max. Premium: No limit
Premium in
Multiples of: Rs.1000/-
Min deferment
Period: 5 years
Modes allowed: YLY/HLY/QLY/Single
Mode rebate: N.A
Female lives category: II/III
Age proof: Non Std. NSAP- 1.2.3
Policy loan: yes
Housing loan: yes
Assignment: N. A
Revival: N.A
Backdating: N.A
Surrender of policy: yes

For accident benefit Min. 18 yrs. Completed
Max. 65 yrs (LBD)
70 yrs (NBD) (max. benefit ceasing age 25,000
Rs.59 Lac over all Limit
No separate limit
No separate limit
5 years
Benefit

Death benefit: in case of death of the policyholder within the deferment term where life cover is opted for and is in force, the nominee shall be eligible to get the sum assured under the basic plan together with the fund value of units held in the policyholder's unit account as at the date of booking the liability.

Contact for insurance:- Sanjay Tomer
                                   09466423767
                                   09416956096