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LIC India Samridhi Plus - ULIP Plan first 100 months Highest NAV
This plan offers payment of Fund Value at the end of policy term, based on highest Net Asset Value (NAV) over the first 100 months of the policy, or the NAV as applicable on the date of maturity, whichever is higher. NAV of the fund will be subject to a minimum of Rs 10/-. This plan is available for sale for a maximum period of 3 months from the date of launch.

This plan offers payment of Fund Value at the end of policy term, based on highest Net Asset Value (NAV) over the first 100 months of the policy, or the NAV as applicable on the date of maturity, whichever is higher. NAV of the fund will be subject to a minimum of Rs 10/-. This plan is available for sale for a maximum period of 3 months from the date of launch.

You can pay the premiums either in a single lump sum or for a limited premium paying term of 5 years. You can choose the level of cover within the limits, which will depend on your age, whether the policy is a Single premium or Limited premium contract and on the level of premium you agree to pay.

Premiums paid after allocation charge will purchase units of the Fund.

  
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Source : http://www.licindia.com
More News Headline
  A Boon For Health Coverage After Retirement (2010-04-15)
Are You Concerned About Health Insurance After Your Retirement, When No Longer Covered Under A Company’s Group Mediclaim Policy?   Read More -->
  IRDA Tells Insurers To Ignore Sebi S Fresh Order (2010-04-14)
In A Sharp Rebuff To Market Regulator The Securities And Exchange Board Of India (Sebi) For Banning Issuance Of Any Fresh Unit-linked Insurance Products (ULIPs), Insurance Regulator IRDA Today Asked Insurance Companies To Ignore It Just Like The Previous Order.   Read More -->
  IRDA, Sebi Chiefs Meet Chawla To Resolve Ulip Row (2010-04-13)
Sebi Chairman C B Bhave And IRDA Chief J Harinarayan Had Separate Meetings With Finance Secretary Ashok Chawla Today On The Ongoing Tussle Between The Two Regulators Over Equity-linked Insurance Schemes   Read More -->
  Finance Min Considers ULIPs 'broadly' Similar To MFs (2010-04-13)
Much Before The Row Between Two Regulators The Securities And Exchange Board Of India (Sebi) And Insurance Regulatory And Development Authority (IRDA) Over Regulating ULIPs, The Finance Ministry Has Been Considering These Unit-linked Insurance Products "broadly Similar" To Mutual Funds.   Read More -->
  Ulip Row: Distributors Field Calls, Put Applications On Hold (2010-04-13)
Since Friday, When Sebi Fired The First Salvo By Banning 14 Insurance Companies From Selling Or Renewing Ulips, Investors Have Found Themselves Dragged Into A Battle Of Turf Between Sebi And The Insurance Regulatory And Development Authority (Irda).   Read More -->
  Sebi Says Ban To Continue On New ULIPs (2010-04-13)
A Day After The Finance Ministry Brokered A Truce Between Two Financial Sector Regulators, The Securities And Exchange Board Of India (Sebi) Today Said Any New ULIP Scheme Launched After April 9, 2010 By Insurance Companies Will Remain Covered By Its Earlier Ban Order.   Read More -->
  LIC Launches Its Credit Card (2010-04-12)
Public Sector, Life Insurance Corporation Of India LIC Finally Launched Its Much Awaited White-labelled Credit Card On Monday March 30th   Read More -->
  Round 1 To Irda: Ban On Sale Of Ulips Lifted (2010-04-12)
Regulators To Jointly Seek Binding Legal Mandate On Unit-linked Insurance Products   Read More -->
  There Is No Case For Dual Regulation (2010-04-12)
Had We Not Issued This Circular The Sebi Order Would Have Led To A Standstill And Many Policies Would Have Been Surrendered. The Amount Of Money That Would Have Gone Out Of The System Is Huge And Subsequently Many Policies Would Have Lapsed. This The Sebi Move Would Have Resulted In A Drying Up Of Revenue For Companies Which Is Not Good For The Economy And Its Growth. This Irda Order Is In Favour Of Policyholders And Insurance Companies.   Read More -->
  Clash Of Regulators Intensifies (2010-04-12)
Sebi Fired A Fresh Salvo On Sunday In Its Battle With The Insurance Regulator Saying It Would Widen Its Probe Into Ulips Which Irda Considers Its Domain.   Read More -->
  Regulators Should Resolve Differences On Their Own: Govt (2010-04-12)
The Government Is Unlikely To Intervene In The Turf Battle Over The Regulation Of Unit-linked Insurance Companies, Other Than Asking The Insurance And The Capital Markets Regulators To Resolve The Issue Amicably.   Read More -->
  ULIP Investors Are Safe: IRDA (2010-04-12)
Amid A Turf War With SEBI On ULIP Schemes Insurance Regulator IRDA Today Assured Investors That The Equity-linked Products Are Safe While Seeking Greater Clarity From Authorities On Jurisdiction Of The Two Watchdogs   Read More -->
Previous Month News
  Samvardhan - Pension Scheme ( Defined Contribution) For All LIC Agents (2011-03-06)
LIC India Has Decided To Start A Group Superannuation Cash Accumulation Scheme- ′Samvardhan′, For The Agents Of The Corporation. This Scheme Is Being Started With A View To Assist The Agents In Creating A Sizeable Corpus During Their Productive Year Which Can Be Used To Provide The Pension In A Structured Way, After The Accumulation Period.   Read More
  Life Insurance Premium To Cost More (2011-03-02)
Life Insurance Premium To Cost More After Finance Minister Pranab Mukherjee Said In His 2011-12 Budget Speech   Read More
  LIC India Samridhi Plus - ULIP Plan First 100 Months Highest NAV (2011-03-02)
This Plan Offers Payment Of Fund Value At The End Of Policy Term, Based On Highest Net Asset Value (NAV) Over The First 100 Months Of The Policy, Or The NAV As Applicable On The Date Of Maturity, Whichever Is Higher. NAV Of The Fund Will Be Subject To A Minimum Of Rs 10/-. This Plan Is Available For Sale For A Maximum Period Of 3 Months From The Date Of Launch.   Read More
Archive News Related to Insurance
  Foreign Firms May Have To Cut Stake In Insurance JVs (2010-06-17)
Foreign Partners May Have To Dilute Their Stake In Insurance Joint Ventures (JVs) On Listing To Abide By The Government Diktat That All Listed Companies Must Have 25 Per Cent Public Shareholding. “We Want Indian Promoters To Have A Minimum 51 Per Cent Stake In Insurance Companies. It Is For The Government To Decide On Disinvestment And Take A Call On Raising The Foreign Direct Investment (FDI) Limit To 49 Per Cent. Foreign Partners Will Have To Reduce Their Stake If The Government Sticks To The 25 Per Cent Public Shareholding Norm,” Said A Senior Official With The Insurance Regulatory And Development Authority (Irda).   Read More -->
  Insurance : Guaranteed, But Low Returns On Pension Plans (2010-06-28)
A Pension/annuity Plan Will Offer Guaranteed Annual Returns Of 4.5 Per Cent — Just 1 Per Cent More Than The Savings Deposit Rate Of 3.5 Per Cent. This Rate Could Change At A Later Date. Also, Partial Withdrawals From Pension Plans Will Not Be Allowed During The Accumulation Phase. At Maturity, One-third Of The Amount Will Be Commuted. The Rest Will Have To Be Used To Purchase An Annuity. The Same Will Be Applicable In Case A Policy Is Surrendered. Though The Rate Of Return Specified In Pension Plans Is Low, Banning Of Partial Withdrawal Is A Positive Move Because Buyers Of Pension Plans Need To Look At Long-term Planning.
It Is Not Yet Clear Whether The Guaranteed 4.5 Per Cent Is Simple Interest Or Compounded. However, Financial Planners Feel The Rate Of Return Is Low, Given That A Five-year Reserve Bank Of India Bond Or Six-year National Savings Certificate Offers Eight Per Cent .   Read More -->
  Income From Insurance Premium May Cross Rs 850 Cr: ECGC (2010-06-07)
State-run Export Credit Guarantee Corporation Of India (ECGC) Today Said Its Income From Insurance Premium Is Expected To Jump By Over Rs 100 Crore This Fiscal To Rs 850 Crore, As More And More Exporters Are Facing Payment Defaults   Read More -->
  After A Year Of Consolidation, Life Insurers Get A Glimpse Of Profit (2010-06-07)
After Reeling Under Losses For Almost A Decade, Life Insurance Companies Are Now Turning The Tide. Four Life Insurers Have, So Far, Posted Profit, While Three Of Them Have Brought Down Their Losses.   Read More -->
  New CEO For Bajaj Allianz Life (2011-01-05)
Mr V. Philip Has Been Appointed As The CEO Of Bajaj Allianz Life Insurance   Read More -->
  Insurance Firms To Meet Finmin On Ulip Issue (2010-06-21)
Although The Uncertainty Over Regulation Of The Unit-Linked Insurance Products (Ulips) Has Been Settled, Investors In These Schemes Are Now Faced With The Possibility Of Getting Taxed At The Time Of Withdrawing Funds And Industry Players Will Soon Meet The Finance Ministry Officials To Address The Issue.   Read More -->
  IRDA Will Regulate Ulips : Govt (2010-06-21)
Putting An End To The Turf War Between The Insurance And Securities Market Regulator, The Centre Has Issued An Ordinance That Brings All Insurance Products Including Unit-linked Insurance Policies (Ulips) Under The Purview Of The Insurance Regulatory And Development Authority (IRDA).   Read More -->
  Unclaimed Amount Of Policy Holders (2010-12-28)
Unclaimed Amount Of Policy Holders Increase Year On Year.   Read More -->
  SBI Life Insurance Launches Ulip Product (2010-11-09)
SBI Life Insurance Today Said That It Has Launched A New Unit-linked Insurance Plan (Ulip) Called Saral Maha Anand.   Read More -->
  Tweak Commission Structure: Irda (2010-06-07)
In What May Lead To Lesser Front-loading Of Insurance Policies, The Insurance Regulatory And Development Authority (Irda) Plans To Spread The Commission Over The Tenure Of The Policy   Read More -->
  Minimum Annual Health Cover For Age At Entry Of 45 Years And Above (2010-07-09)
Regular Premium (RP) Contracts: 5times The Annualized Premiums Or Rs. 75,000 Per Annum Whichever Is Higher.
At No Time The Annual Health Cover Shall Be Less Than 105 Percent Of The Total Premiums Paid   Read More -->
  Wipro To Develop Grievances Redressal System For Irda (2010-06-18)
Wipro To Develop Grievances Redressal System For Irda. Insurance Regulator Irda Today Said IT Major Wipro Will Develop A System To Address The Grievances Of Insurance Customers.   Read More -->
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