ULIP
Child Fortune Plus
All of us wish to ensure the best possible future for our children. With the cost of education sky rocketing, it is all the more important that an early provision is made to ensure that your loved ones get a good head start in life. LIC’s Child Fortune Plus is a total solution to their education and other needs. The plan is a unit linked one offering the prospects of long term capital appreciation.Fortune Plus
It is a unit linked assurance plan where premium payment term (PPT) is 5 years and the premium payable in the first year will be 50% of total premium payable under the policy. The level of cover will depend on the level of premium you agree to pay.
Profit Plus
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.
Market Plus I
This is a LIC's unit linked pension plan where the pension is payable after a specified period. There are Four types of investment Funds available to choose from - Bond, Secured, Balanced and Growth Fund. Though this is primarily a Pension product, the plan has many attractive features and options which make it an ideal Retirement solution for the future.
Three benefits such as Life Insurance Cover, Double Accident Benefit and Critical Illness Benefit are available as optional riders. Life cover option is available within certain limits depending on the age at entry of the life assured. The all other options are available to all proposers who have opted for Life Cover. The quantum of the risk covers can also be reduced; subject to the minimum limits, once in a year. The riders are optional.
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