LIC Wealth Plus (Table No.801) is an investment plan for limited time offer! Click Here to Apply(only Mumbai).
LIC Wealth Plus Summary:
LIC’s Wealth Plus (Table No.801) is a ULIP insurance plan that protects your investment from market fluctuations, so that your investments are protected in financially volatile times. Wealth Plus offers Guarantee of the highest NAV in the first 7 years of the policy, subject to a minimum of Rs.10. Policy term is 8 years. 
Wealth Plus Features:
1. Guaranteed Highest NAV of 7 year.
2. Very Attractive Returns.
3. Life cover.
Risk cover of 5 times of the annualized premium or 1.25 times of single premium.
4. Minimum Yearly premium Rs. 20,000 for three years term policy and there is no limit on maximum premium.
5. Tax benefits.
6. Partial withdrawals allowed:
Two Partial withdrawals are allowed in a policy year subject to certain conditions.
7. Limited Period Offer.
8. Extended life cover:
A unique feature of the Plan is the extended life cover for 2 years after the completion of policy term of 8 years.
9. Maturity Benefit:
At the end of policy term and the policy is in full force, payment of fund value will be made based on the highest NAV over the first 7 years of the policy or the NAV as applicable at the end of the policy terms whichever is higher.
Death benefit:
In case of death during the policy term, the nominee shall receive Sum Assured under the basic plan together with the Policyholder’s Fund Value as death benefit. In case of death of the Life assured after the policy term, but before the expiry of extended period, the nominee shall receive the Sum Assured under the Basic Plan.
Accident Benefit:
Accident Benefit Option equal to the amount of life cover subject to minimum of Rs. 50,000 and maximum of Rs. 50 lakh is available subject to certain limits and conditions. Accident Benefit charge at the rate of Rs. 0.50 per thousand Accident Benefit Sum Assured per policy year will be levied every month.
Modes of Premium Payment for LIC Wealth Plus :
The premium can be paid either in a Single premium (One time investment) or for 3 years regularly at yearly, half-yearly, quarterly or monthly (through ECS).
Minimum Premium:
Minimum Premium for 3 years Premium Paying policies is Rs.20,000 p.a. whereas for Single premium policies it is Rs.40,000 For Monthly (ECS) mode the minimum premium is Rs.2,000 p.m.
Eligibility for LIC’s Wealth Plus:
Minimum Age at entry is 10 years (age last birthday)
Maximum Age at entry is 65 years (age nearer birthday).
Premium Top ups:
Premium Top ups are not allowed.
Surrender Value:
LIC Wealth Plus can be surrendered only during the policy term. The surrender value, if any, is payable only after the completion of the third policy anniversary both under Single and 3 years Premium Paying Term contract. The surrender value will be the Policyholder’s Fund Value at the date of surrender. There will be no Surrender charge. The policy can not be surrendered during the extended life cover period.
Download LIC Wealth Plus details in pdf format. For Wealth Plus Comparison table –> Click Here
Example: If Mr. LIC buy Wealth Plus today at Rs.10 NAV ( You will get Approx. 4700 Units for one time investment of Rs.50000 *Calculated on Rs.10 NAV) and market goes upto Rs.50 per NAV in 5 years and then again market collapse and comes down to Rs.20 In this case the highest NAV is Rs.50 and hence your maturity amount will be 4700×50=Rs.2,35,000/- (No. of units x Highest NAV)
Last Date: 9th May 2010
How to Apply for LIC Wealth Plus policy?
Contact your nearest Life Insurance Of India (LIC) Branch/ LIC Agent. Or
Fill the Application form to apply online.(For Mumbai only)
Register to receive LIC Policy updates on your Mobile . Click here: MyLICindia SMS Alert
Note:
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.
Enter your Email address here to subscribe for FREE future updates:
Click Here to Apply Online Or Call/SMS: 9819122178 for free Document Pickup (only Mumbai)
i want invest 40000 one time what is the benfit after (8 years)
Reply
Tabrej Reply:
February 14th, 2010 at 2:21 am
LIC wealth plus will give you highest NAV guarantee.
2 years extended life cover.
income tax benefit etc
Reply
I want to invest money for my mom- she is 56yrs old.if i invest Rs.20.000.per year for 3 yrs. what ‘s benifits after 7yrs completed? or what;s benefits after the maturiy? or if i invest Rs.100000 for single premium. what;s the benefit’s after 7yrs for pension?
Reply
Tabrej Reply:
February 13th, 2010 at 5:49 am
LIC wealth plus is ULIP plan with guaranteed highest NAV in 7 year or 8th year whichever is higher. The maturity amount depends on highest NAV in next 7 or 8 years.
Reply
Tabrej Reply:
February 14th, 2010 at 2:24 am
LIC wealth Plus in not a pension plan. Its a ULIP (Share Market Related). Return depends on Stock market. You will get the highest NAV in 7 years or 8th year whichever is higher. You also get extended life cover. If you need money in future you can partially withdraw it or surrender whole policy.
Wealth Plus is good plan for investment purpose.
Reply
well if i invest rs. 20000/- p.a. for three years/
what benefits i will get in return after maturity or after term of 7 years get completed. and also notify me exact or approx what amount i shuld get in future.
Reply
Tabrej Reply:
February 14th, 2010 at 2:27 am
You may get 10lacs or you may also get 2lacs . Wealth Plus is a ULIP plan so return will depend on stock market performance. You will get guaranteed highest NAV.
Reply
pleace send the detailsabout(lic table no801)
thank you
mohammed azim khan
(acc yanbu cement co)
yanbu
saudi arabia
Reply
Tabrej Reply:
February 13th, 2010 at 5:50 am
What details you need for Wealth plus policy?
Reply
KINDLY EXPLAIN in detail the policy administration charges in LIC wealth plus plan (801).Whether the charges remains the same irrespective of premium amount and the increase of 3% will be on what amount.Please clarify.
Reply
For Wealth Plus, policy admin chgs. 60/- per month 1st yr.
25/- per month 2nd yr.
25/-+3% per month 3rd yr. onwards.
From 3rd year onwards, 3% of what? (fund value, SA)
What is this guarantee chgs. 0.35% of NAV? and how it is calculated? When it will be deducted?
Reply
Tabrej Reply:
February 11th, 2010 at 3:57 pm
Appreciate your contribution.
Discuss about LIC Wealth Plus plan here:
http://forums.lifeinsuranceindiaonline.com/showthread.php/lics-wealth-plus-28.html
Share you views/ reviews about wealth plus policy.
Reply
Please send all the details about Table No. 801. Thanking You
Reply
Tabrej Reply:
February 11th, 2010 at 3:48 pm
What details do you need?
Reply
please give me a approximate average return after matuarity of LIC Wealth Plus Single Premium Rs 40000/-
Reply
If i invest Rs.50000 in single premium option? How much of the amout LIC will deduct in the way of allocation charages etc.
Reply
Tabrej Reply:
February 11th, 2010 at 3:54 pm
Allocation charges: 5% which is Rs.2500 in your case.
Reply
Q. Out of the premium amount which we will pay periodically how much percent amount you deduct as your administrative charges?
Reply
Tabrej Reply:
February 10th, 2010 at 4:20 pm
Premium allocation charge:
Single Premium: 5% for premium upto Rs.4 lacs & 4.5% for above 4 lacs.
Regular premium: 12% up to 2 lacs on first year and thereafter 2.5% for remaining years of the policy term. For premium below 4 lacs the charge is 11.75%, and 11.5% for less than 7 lacs and above 7 lacs, the charge would be 11.25%.
Reply