Monday, May 25, 2009

### LIC's Profit Plus (T-188)...........

  • It is a unit linked Endowment plan where the premium payment term (PPT) is limited to single lump sum, or uniformly over 3, 4 or 5 years.
  • You can choose the level of cover within the limits, which will depend on whether the policy is a Single premium or Limited premium contract, term chosen and on the level of premium you agree to pay.
  • Four types of investment Funds are offered. Premiums paid after allocation charge will purchase units of the Fund type chosen.
  • The Unit Fund is subject to various charges and value of units may increase or decrease, depending on the Net Asset Value (NAV).
    Payment of Premiums:You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (ECS) intervals over the premium paying term of 3, 4 or 5 years.
  • The minimum premium will be Rs.10000/-. Alternatively, a Single premium can be paid subject to a minimum of Rs.20,000/-

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