Samridhi Plus safeguards policyholders’ investment from market fluctuations, LIC said in a statement here.
Accident benefit option is also available under this plan that will be equal to the life cover up to a maximum of Rs 50 lakh, subject to certain conditions.
Samridhi Plus Main Features
a, Highest NAV Of 1st 100 Months or Fund Value on Maturity
b, Lock in period 5 years
c, Limited Premium Paying Term is 5 years
d, Partial Withdrawal Allowed After Lock In Period Twice a Year
e, No Limit on Single Premium Investment
f, Age Limit – 8-65 Years
Death or Maturity Benefit – Highest NAV of 1st 100 Months or fund value payable on Maturity/Death.
Eligibility Condition and Restrictions of the Plan Samridhi Plus
Age Limit – 8-65 Years, Maturity Age 18-75 Years, Policy Term 10 Years, Premium Paying Term – 5yrs or single premium etc, Minimum Single Premium for LIC Samridhi Plus is Rs.30,000
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 Years), 1.10 to 1.25 times for single premium (56-65 Years age)
Accidental benefit available at an extra Rs. 0.50 per thousand sum assured