34years
 
Inusrance>>Polices & Features>>LIC-Market Plus
 
 
 
 
   
   
 
 
Product Summary    
     
Unit linked deferred pension plan  
Combines investment and pension benefit with option of insurance cover during the term of the policy.
  
You can choose the level of cover within the limits  
Minimum annual premium will be Rs.5000 per annum under regular modes and Rs.10000 under single premium  
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions  
 
Minimum age at entry
 18 years completed
 
Maximum age at entry
 70 years (age nearer birthday). However if life cover is opted for, then 65 years
 
Minimum Deferment Term
5 years
 
Minimum Sum Assured
 Rs. 25,000 for Single premiumRs. 50,000 for Regular premium
 
Maximum Sum Assured Single Premium
Equal to single premium Regular Premium - 20 times of the annualized premium
Benefits - On Death
 
With Life Cover -
The Sum Assured together with the Fund Value of units either as a lump sum or as pension
 
Without Life Cover
Fund Value of units held in the Policyholder's Unit Account is payable either as a lump sum or as pension.
 
 
 
 
     
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