Largest insurer of India, Life Insurance Corporation of India (LICI) has introduced a new Unit Linked Insurance Plan (ULIP) on 1st January 2013 as another New Year Gift for you just after launching their Deferred Pension Plan - New Jeevan Nidhi. This new LICI scheme is branded as FlexiPlus (UIN 512L272V01) and it is going to be a major tool for LICI in current ULIP market in India. If you’re looking for a new ULIP Policy in 2013 then FlexiPlus will be the best right now, as it is bundled with protection, security and growth. All we very aware of that a good investment is always consist of a protective life, secured future and wealth growth potentiality. Hence this unit linked life insurance policy is well worth.
According to LICI, get all with LIC’s Flexi Plus which is nothing but a new and advanced ULIP scheme that gives you not only protection but also makes your family’s future more secure alongwith helps your money grow. There are numerous advantages in this new insurance policy because as a investor you can opt for Flexible Policy Term and Mode of Payment. You can also choose different Fund Type. If you want to withdraw the fund before the maturity, there is an option to make Partial Withdrawal. In due course, if any investor wants to change the type of the funds then he can choose and switch Fund Type.
In regards to the Maturity Benefits, policy holder can enjoy the full Fund Value in case of his surviving the full term of the Unit Linked Policy of FlexiPlus. But on the other hand, in case of Death Benefits, a lump sum payment of the whole sum assured in time of policy initiation will be paid to the nominee of the investor. Moreover, a sum equal to all future premium amounts will be credited to policyholder’s fund after his death and the same will be paid to his/her nominee in due course after the completion of the plan period i.e. in time of maturity of this ULIP plan.
Salient Features & Benefits of LIC’s FlexiPlus ULIP Scheme:
- Flexibility to choose Policy term, Mode of Payment and Fund Type
- Facility to make Partial Withdrawal and Switch Fund Type
- Maturity Benefit -
Payment of Policyholders Fund Value in case of Policyholder surviving the full term
- Death Benefit -
i) Lump sum payment of Sum Assured on death,
ii) A sum equal to all future premiums payable after death shall be credited to policyholder’s fund. Policyholder’s Fund Value will be paid to nominee as Maturity Benefit for planned need.
How to know more regarding LIC’s FlexiPlus ULIP Policy:
Are you interested in this new Unit Linked Insurance Plan from the house of LIC?
Just SMS ‘CITY’ to 566773, e.g. if you’re from “Kolkata” then just type “Kolkata” in your SMS and send it to 566773 right now! (please don’t type double quotes)
If you any query or doubt in this FlexiPlus ULIP Policy then please submit your queries/comments using the short form provided below. Our panel of insurance expert will try to reply back you on the same.
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Risk Factors, Terms & Condition of LIC’s FlexiPlus ULIP Policy:
Insurance is the subject matter of solicitation. In this new FlexiPlus ULIP the investment portfolio is borne by the policyholder. The premiums paid in Unit Linked Insurance Policies are subject to investment risks associated with capotal markets and the NAV of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions. The Life Insurance Corporation of India is only the name of the insurance company and Flexi Plus is only the name of the unit linked insurance contract and does not in anyway indicate the quality of the contract, its future prospetcs or returns. Pas performance may not be an indicator of the future performance. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.