What is LIC Market Plus policy?
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What is LIC Market Plus policy?
LIC Market Plus I is a unit linked deferred pension plan that is available with or without the option of Life cover. The plan offers added benefits of being able to choose the level of cover within limits of the policy that are dependent on payment mode of premiums and the value of premiums paid.
How do I know my LIC Market Plus value?
Your Branch: Your Branch will be able to tell you the exact value of your policy. Please contact your nearest LIC Branch. Your Agent: Your agent has all the information about your policy, consider contacting them. Customer Care: Call LIC Customer care and ask about your policy NAV and current value.
What is the surrender value of LIC Market Plus?
After the completion of the 3rd policy year, the insured person can surrender the policy. The surrender value given to the policyholder is the fund value on the date of giving up.
How do I surrender my LIC Market Plus One policy?
Surrender in LIC market plus plan is allowed for cash only after completion of initial three years of the policy. This is applicable for both single premium and regular premium policies. As policy levies, nil surrender charges, fund value as on the date of surrender will be payable to the policyholder.
How can I check my LIC policy maturity?
Step-1: Go to the official website of LIC —https://www.licindia.in/. Step-2: Then register to find out the status here. You don’t need to pay any registration fee for this. Step-3: Now, enter your date of birth, name, policy number.
What is the NAV of LIC market Plus?
| Funds Name | Nav(Rs) as on 05 Jul 2022 | 3 yr (%) |
|---|---|---|
| LIC Market Plus Balanced Fund | 39.6917 INR as on 05 Jul 2022 | 25.34% |
| LIC Market Plus Bond Fund | 36.3659 INR as on 05 Jul 2022 | 18.89% |
| LIC Market Plus Growth Fund | 25.034 INR as on 05 Jul 2022 | 16.25% |
| LIC Market Plus Secured Fund | 40.9447 INR as on 05 Jul 2022 | 21.93% |
Can we withdraw LIC amount?
A policyholder can surrender his/her policy only after the completion of 3 years, i.e. the policy has to have been in force for a period of 3 years, at least. The surrender value provided by LIC is essentially 30% of the premiums that have been paid so far.
What happens if I stop paying LIC premium after 5 years?
The contract between the insurer and insured is voided, the life-insurance element will cease to exist once the policyholder has surrendered their policy. Thus any benefits before available will no longer be valid.
