Samridhi Plus Plan 804

After Wealth Plus LIC of India has another Highest NAV guarantee plan. Samridhi Plus (Table No.804) in a new ULIP plan which offers Highest NAV of 1st 100 months or fund value whichever is higher.

Samridhi Plus features at glance:

  • Highest NAV of 1st 100 months or fund value on maturity
  • Lock in period 5 years
  • Limited Premium paying term (5 years)
  • Partial withdrawal allowed after lock in period twice a year.
  • No limit on single premium investment
  • Entry age 8-65 years

Death or Maturity Benefit:
Highest NAV of 1st 100 months or fund value payable on Maturity/Death.

Eligibility condition and restrictions for LIC Samridhi Plus

  • Entry age: 8-65 years,
  • Maturity age 18-75 years,
  • Policy Term 10yrs
  • Premium paying term: 5yrs or single premium
  • Min 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.

Risk Cover:

  • Below 45 years of age 10 to 20 times of annual Premium
  • Above 45 yrs 7 to 10 times of annual premium

Single Premium Risk cover:

  • 1.25-5 times for single premium(upto 55 yrs)
  • 1.10 to 1.25 times for single premium (56-65yrs age)

Accidental benefit available at an extra Rs. 0.50 per thousand sum assured

Allocation Charges:

  • 3.3% for Single Premium,
  • First year: 6% regular premium
  • 2nd to 5th year: 4.5% of regular Premium

Other Charges:

  • Policy Admin charges: Rs.30/mo
  • Guarantee charges: 0.4%
  • Fund Management Charges (FMC): 0.9%

If you want to apply for Samridhi Plus (Table No.804) or any other LIC Plan, please fill the form here: LIC Online