LIC Market Plus 1 ULIP Insurance Plan Detail

LIC’s Market Plus 1 Unit Linked Insurance Plan Table No 191
LIC’s Market Plus – I (Plan 191): , launched on 17th
June 2008, is a Unit Linked Deferred Pension plan where the policy holder can choose the plan with or without risk cover.

Benefits
On death of the policyholder within the deferment term where Life cover is opted for and is in force, the nominee is eligible to get the Sum Assured under the Basic Plan together with the Policyholder’s Fund value

On death of the policyholder where the policy is taken without life cover, then the Policyholder’s Fund value, is payable to the nominee.

On the policyholder surviving upto the date of vesting, the Policyholder’s Fund value will compulsorily be utilised to provide an annuity based on the then prevailing immediate annuity rates under the relevant annuity option.

Top-Up (Additional Premium)
The policyholder can pay Top-up in multiples of Rs.1,000/- without any limit at anytime during the term of the policy.

Eligibility & Conditions:

For Basic Plan without Life Cover

a)Minimum Sum Assured : NIL.
b)Maximum Sum Assured : NIL.
c)Minimum Premium : Rs. 5,000 p.a. for Regular premium (other than monthly (ECS) mode)
Rs. 1,000 p.m. for monthly (ECS) mode, increasing thereafter in multiples of Rs. 250. thereafter in multiples of Rs. 250.
d)Maximum Premium : No Limit.
e)Minimum Entry Age : 18 years last birthday.
f)Maximum Entry Age : 74 years nearest birthday.
g)Minimum Deferment Team : 5 years.
h)Minimum Vesting Age : 40 years completed.
i)Maximum Vesting Age : 79 years completed.

Annualized premiums (other than monthly (ECS)) is payable in multiples of Rs. 1,000.

For more Detail on Market Plus Visit Review on Market Plus

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17 Responses to LIC Market Plus 1 ULIP Insurance Plan Detail

  1. wellwisher says:

    pls change the colour of this page,it is not effective….
    it shld be visible at once,it is difficult to read…

  2. digambar singh says:

    I want to invest some money within a week but could not able to decide whether to invest in LIC MARKET PLUS 1 or in any FIXED DEPOSIT Scheme of any bank. Will you please advice.

  3. Ani says:

    HI,
    I’ve invested a good amount on Market Plus 1 plan…..but not sure about the interest rates i’ll be gaining each year and the difference in investing as a FD in Bank. pls advice

  4. Chandrashekar says:

    I want to invest some money within a week but could not able to decide whether to invest in LIC MARKET PLUS 1 or in any FIXED DEPOSIT Scheme of any bank. Will you please advice

  5. Shekar says:

    HI,
    I’ve invested a good amount on Market Plus 1 plan…..but not sure about the interest rates i’ll be gaining each year and the difference in investing as a FD in Bank. pls advice

  6. Sandeep Malpani says:

    Pl.tell me what benefits under Income Tax Act.of Market Plus 191 Bond Policy of 17.06.2008

  7. Mahvir Singh says:

    Hi,
    I am going to invenst abig amount in LIC’s Market Plus – I (Plan 191): as single permium upto 5 lac for a long time like 10 years or 15 years i would like to know the basic benifits & how much amount per month LIC will pay me after 15 years.also can i use some amount when i need it after 10 years….thanks…….awaiting your positive response

  8. SURAJIT DEY says:

    Dear Sir,
    For pension plan what are the +ve and -ve factors in comparism between LIC JEEVAL SARAL and LIC MARKET PLUS 1

  9. Rajesh Mahapatra says:

    hi,
    please guide me_
    i want to invest in marketi plus 1 in lic.which fud option will be the idle one.i will be waiting your response.

  10. Rattan Singh says:

    Polcy no. 142316772
    Proposal no. 9153

  11. Chelladurai says:

    Dear Sir/Madam

    I’ve plan to investe two lac amount in Market Plus 1 plan…..But i need to knew sure about the interest rates i’ll be gaining each year and the difference in investing as a FD in Bank. Also when i can free to withdraw my money (years). Pls. Advise

  12. sadashiv says:

    which scheme/policy is suitable for investment more than 10 years

  13. sangeeta says:

    I am going to invenst some amount in LIC’s Market Plus – I (Plan 191): as single permium upto 30000 for a long time like 25 years i would like to know how much amount per month LIC will pay me after 25 years.

  14. narasimha swamy says:

    my market plus policy No; 646932004 how much present benfit

  15. dhanashree says:

    Hi,
    I m dhanashree i like to invest money in lic’s MARKET PLUS1 but please tell me that how much pension i will get after 5 years

  16. Satish Mani says:

    hi i want to no about one time premimum scheme in market plus and his benifits als

  17. kausik says:

    my market plus policy no -4679795001 how mach present benefit

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