What is the current value of LIC Market Plus?

What is the current value of LIC Market Plus?

Funds Name Nav(Rs) as on 02 Dec 2021 3 yr (%)
LIC Market Plus Balanced Fund 40.8715 INR as on 02 Dec 2021 38.24%
LIC Market Plus Bond Fund 36.2976 INR as on 02 Dec 2021 24.92%
LIC Market Plus Growth Fund 25.4237 INR as on 02 Dec 2021 19.55%
LIC Market Plus Secured Fund 42.3338 INR as on 02 Dec 2021 35.77%

Is Surrender value of LIC Market Plus policy taxable?

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.

What is LIC Market Plus 1 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.

What is LIC Profit Plus policy?

The LIC Profit Plus plan is a unit linked endowment plan under which the policyholder has the option to make a single payment in the form of a lump sum towards his or her premium or choose to make premium payments in a uniform manner over a period of 3 years, 4 years or 5 years.

How can I surrender my LIC policy?

How To Surrender LIC Policy

  1. Original policy bond documents.
  2. Request for surrender value payment.
  3. LIC Surrender form- form 5074.
  4. LIC NEFT form.
  5. Bank account details.
  6. Original ID proof like Aadhar card, pan card or driving license.
  7. A cancelled cheque.
  8. Hand-written letter to LIC stating the reason to discontinue.

How can I check my lic profit plus status?

One can check LIC Profit Plus policy status by sending an email to the insurer or by giving a call.

How can I check my LIC policy surrender value?

How to Check the Surrender Value of your LIC Policy? You can calculate the surrender value of your policy using this simple formula [Basic sum assured (Number of premiums paid/Total number of premiums payable) + Total bonus received] x Surrender Value Factor.

How can I know my LIC premium amount?

How to Check LIC Policy Details Online?

  1. Step 1: Go to the official LIC website, fill in your credentials like username and password.
  2. Step 2: Login to your account and select the option ‘View Enrolled Policies’.
  3. Step 3: You will be directed to a page where you can see all the listed enrolled policies.

How can I check my LIC profit plus status?

What is profit plus software?

Your point of sale, accounting and stock control solution. The market leading functionality of ProfiitPlus provides small, medium and larger sized businesses with all in one business management software that fully integrates point of sale, accounting and stock control. All from one database.

Can I get money back if I cancel my life insurance?

If you cancel or outlive your term life insurance policy, you don’t get money back. However, if you have a “return of premium” rider and you outlive the policy, premiums will be refunded.

Is LIC good investment?

Is LIC Plan a good investment? Yes, LIC offers best life insurance plans. If you are looking for investment and protection option under one product, you can consider Endowment or Unit Linked Investment Plan (ULIP) as per your risk appetite and financial objectives.

What is the amount of cover under LIC market plus 1?

The amount of cover under LIC Market Plus 1 depended on the policyholder. The insured had the option to pay a single premium at the start of the cover or opt for regular premium. *All savings are provided by the insurer as per the IRDAI approved insurance plan.

What is listedlic market plus-1?

LIC Market Plus-1 (Table No. 191) Withdrawn by LIC • This is a Unit Linked Deferred Pension Plan which is a mix of Insurance, Investment and Retirement benefit (Pension). Insurance is optional. • Four types of investment Funds (Bond Fund, Secured Fund, Balanced Fund and Growth Fund).

How does LIC market plus 1 pension plan work?

LIC Market Plus 1 will give the investor the option to purchase any pension plan from any life insurance company in India on vesting. If this option is exercised, the investor must inform LIC of their decision at least 6 months before the date of vesting of the plan

What is LIC market plus 1 annuity death benefit?

The rest of the fund value will be paid as annuity Death benefit includes Sum Assured and Fund Value for plan with a cover, while plans without cover will provide the nominees with an amount equal to the fund value The LIC Market Plus 1 plan provides an accident rider up to 70 years of age at most.