LIC has launched Samridhi Plus which is a close ended scheme which would be available for sale for a maximum period of 3 months.
LIC says : Samridhi Plus safeguards policyholders’ investment from market fluctuations.
Key Points :
Guaranteed Highest NAV of the first 100 months at Maturity
Policy Term 10 years
Lock in period 5 years
Limited Premium Payment (5 years or single premium)
Unlimited investment under Single Premium
Insurance Protection
Easy liquidity through Partial Withdrawals
Entry age 8 to 65 years
Death Benefit:
The nominee will get Sum Assured or Policyholder’s Fund Value whichever is higher.
Maturity Benefit:
On maturity the policyholder will receive Highest NAV Fund Value Or Maturity fund value whichever is higher.
Highest Guaranteed NAV:
Guarantee of the highest NAV recorded on a daily basis, in the first 100 months of the policy, subject to a minimum of Rs. 10/-. The guarantee will be applicable only for units available in the policyholder’s fund at the end of the policy term. The period to be counted for guarantee of NAV shall be 100 months from the date of commencement of policy.
Minimum Premium:
Yearly Premium: Rs.15000/-
Half Yearly: Rs.8,000/-
Quarterly: Rs.4,000/-
ECS Monthly Rs.1500/-
Min. Single Premium: Rs.30,000/-
Maximum premium:
Single Premium: No Limit
Regular Premium: 1 lac p.a.
Charges associated:
Policy Admin charges: Rs.30/month during the first policy year and Rs 30/- per month escalating at 3% p.a. thereafter, throughout the term of the policy. Fund Management Charges (FMC): 0.90% p.a. . Guarantee Charge: 0.40% p.a.
Know more details about this policy contact Harish via. email : harish@investologic.com or via. phone : +91 9920328954
Download PDF File to read more details : Download Now!
Have Doubts you may comment here!
{ 4 comments… read them below or add one }
In a nutshell… liked it
Thanks for that
There is very little information on how they plan to achieve it(the guaranteed return).
And no insights on how the NAVs grow. Whats the meaning of a guarantee when you cant determine what its potential is? What is guaranteed and very clearly are their charges and our outflow.
I wonder why some one would want to lock themselves up into this, when they could find something similar more liquid within the MFs
may chaild
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