As a unit linked insurance plan LIC Wealth Plus is a comprehensive policy that protects your investment from market fluctuation. This policy helps you to protect your finances from volatile times and secure your family. LIC wealth Plus is a limited period policy that offers guaranteed payment of fund value at the end of the policy term. Depending upon the highest net asset value over the first 7 years of the policy or at the end of the policy term, the fund value is paid to the insured. LIC Wealth Plus is a great investment plan that helps you to save your finances and gets profitable return at the end of the policy tenure. To help you know more about this plan, here we have briefly discussed about the features and benefits offered by this LIC Life Insurance Policy.
Key Features of LIC wealth Plus Plan
Benefits offered by LIC Wealth plus Death Benefit- Under death benefit, the policy holder fund value and sum assured of the policy will be payable to the beneficiary of the policy, in case if the life insured dies during the tenure of the policy. In case if the life assured demise after the completion of the policy tenure, but before the expiry of extended period, then the nominee will receive the sum assured under the basic plan. Maturity Benefit- Based on the highest NAV whether in the first 7 years of the policy or at the end of 8 years whichever is higher, a guaranteed amount is payable to the insured on the maturity of the policy. Accidental Death Benefit Rider- In case if the insured has bought accidental death benefit rider along with the basic policy. Then an add-on coverage as accidental death benefit rider is provided to the insured. Under this, in case of demise of the insured due to accident, an accidental benefit as accidental sum plus the sum assured amount of the policy is paid to the beneficiary under this plan. After the three years completion of policy the LIC Wealth Plus offers partial withdrawal under certain circumstances. Moreover, the policy also offers tax benefit to the life insured under section 80C of income tax act. As a Unit Linked Plan this policy have additional benefits too
This plan is a great insurance cum investment plans that help you to protect your saving and multiply them offering you good returns. With all these benefits offered by this policy, is the reason why you should consider buying LIC Wealth Plus.
2 Comments
6/19/2017 11:41:01 pm
I truly like you're composing style, incredible data, thankyou for posting.
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8/2/2022 01:46:21 am
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