• LIC ULIP Plans

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    While life in itself is unpredictable, death is something which is assured. We might not be able to foresee how things pan out in the future, but it always pays dividend to prepare for it and a ULIP protection plan can go a long way in securing the future of your loved ones. ULIPs serve a dual purpose, offering both protection and flexibility in terms of investment. LIC is perhaps the preferred life insurance partner in the country and it offers a number of ULIP plans to cater to the needs of the hard working individual.

    Different ULIP Plans offered by LIC

    LIC offers 6 ULIP plans in India, each one designed to fulfil specific requirements. Each of these plans are mentioned below.

    1. Fortune Plus:

      This is an investment plus insurance plan which helps your money grow over a period of time. Individuals can choose a cover which they feel will suffice their needs, making it flexible and convenient.

      Features and Benefits

      Some of the major attractions of Fortune Plus are mentioned below.

      • A 5 year premium payment term.
      • Option to choose between 4 different types of investment funds. One can switch from one fund to another, if needed.
      • Partial withdrawals provide you with liquidity.
      • An individual is entitled to a death benefit and a maturity benefit.
    2. Child Fortune Plus:

      Children are the future of our nation and Child Fortune Plus is designed to ensure that your children do not face any financial problems. This specially crafted plan is perfect for parents who have children up to the age of 17 years.

      Features and Benefits

      Some of the main features and benefits of Child Fortune Plus are mentioned below.

      • Provides financial security for your children, ensuring they can pursue their education without having to worry about money.
      • Premiums can be paid either as a lump sum or in the form of regular payments.
      • Option to choose between 4 different fund types.
      • Partial withdrawals are permitted, ensuring that a financial crunch doesn’t impact your life.

      An individual is entitled to a death benefit, maturity benefit and surrender value.

    3. Market Plus I:

      Planning for retirement can be hard, which is what makes Market Plus I ideal for individuals who wish to secure their retired phase of life. This is a unit linked deferred pension plan with an option for life cover.

      Features and Benefits

      Some of the major features and benefits of Market Plus I are mentioned below.

      • One can choose between four investment funds.
      • Option to add life cover under the plan, enhancing protection.
      • Individuals have an option to reduce their cover, depending on their financial condition.
      • One can opt for additional riders, ensuring they are protected against certain elements.
    4. Money Plus I:

      The Money Plus I plan offered by LIC serves a dual role, acting both as an investment plus insurance scheme. This endowment plan helps you utilise your income smartly, ensuring you reap the benefit of smart planning.

      Features and Benefits

      Some of the main features and benefits of Money Plus I are mentioned below.

      • Individuals can choose between 4 investment fund types.
      • Flexibility in terms of premium payments, with an option to pay annually, half-yearly, quarterly or monthly.
      • One can choose a policy term ranging between 10 and 30 years.
      • An individual is entitled to a minimum sum assured which is equivalent to 5 times the annualized premium paid by them.
      • Partial withdrawal is permitted on certain occasions.
    5. Profit Plus:

      This unit linked endowment plan is ideal for individuals who wish to have flexibility in terms of their finances while staying protected.

      Features and Benefits

      Some of the major features of Profit Plus are mentioned below.

      • Individuals are entitled to a sum assured which ranges from 1.25 times their annualized premium and 5 times the premium.
      • Partial withdrawal facility ensures that you are not cash strapped during emergencies.
      • Individuals have an option to choose between 4 investment funds, with the choice to move between them.
      • The fund value will be paid on maturity.
      • Individuals can choose to settle their policies and receive money through instalments.
    6. New Endowment Plus:

      This unit linked non-participating endowment plan serves dual roles, offering an insurance cover and investment benefits to individuals. It ensures that one gets a healthy mix of protection and savings, helping you utilise your money effectively.

      Features and Benefits

      • Individuals can choose between 4 investment funds.
      • There is flexibility in terms of premium payment modes.
      • A death benefit equivalent to the fund value or sum assured will be paid in the event of unfortunate demise of policyholder.
      • A maturity benefit equivalent to the fund value will be paid.
      • Individuals can choose to enhance their cover by opting for additional riders.

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    LIC ULIP Plans Reviews

  • Page 1 of 50 1 2 3 4 5
    • LIC Life Insurance
      "Trusted Policy"
      0.5 3.0/5 "Satisfactory"
      I do online payment for this LIC policy. Good life secured policy. I found LIC is trustworthy to invest. I've been holding this policy more than 8 years. Risk coverage policy. Accidental and death benefitable policy. I used to pay the premium of Rs. 5000 every month. Its a life time policy. After 60 years it will get matured. I will get a sum assured amount of Rs. 10 lakhs
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I am using the life insurance policy from the LIC for which I am paying a premium of almost 1 lac. Their services are good and never faced any issues so far. The payment options are also nice with the LIC. Being a Govt company the security for investment is certainly there with the LIC,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the LIC Bharti Jeevan Policy for a while. I pay a premium of 21000 per year. I make payments Via Cheque.. The service is good. No issues so far. The tenure of the policy is 15 years. Overall it has been a hassle free experience with the LIC and their services.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a life insurance policy with the LIC. I am paying the premium 11000, per year. The service good. It is so easy to make payments for this policy. I never faced any issues with their services. Being a govt company the security for my investment is guaranteed with the LIC.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the LIC Jeevan Tarang Policy for a while. It is take for my children. The tenure of the policy is 18 years. It can also be converted to a pension scheme where my children will be getting 28000 per year as a part of the plan. It is a useful policy and recommendable.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the LIC Bhima Gold Money back policy for a while now. I will get cash back every 5 years via DD. I pay a premium of 700 monthly for this policy. It is a very useful policy considering the low premium I pay. Overall it has been a good experience with the LIC and their services.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a Jeevan Anand policy with the LIC. I am paying the premium of 500 per month. It is too easy to make payments and I never faced any issues with their services. Being a govt company the security is there with the LIC Overall it has been a good experience .
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      I got the life insurance policy long back. This policy has the tenure of 20years. The plan benefits and the coverage is good with this policy . I would say i am satisfied having the Life insurance policy with Life Insurance Corporation of India.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Wonderful"
      0.5 3.5/5 "Pretty good"
      I am having the life insurance policy with the LIC of India. I would like to say that the customer service is good one and the response is better one too. Policy coverage value is good too with them. I am happy with the LIC of India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I am having the Life Insurance policy with the Life Insurance Corporation of India. I would like to say that the customer service is also very good too and the response is good too. Coverage value is fine one too with the LIC of India.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Best"
      0.5 4.5/5 "Excellent!"
      Customer service is not experience with the Life Insurance Corporation of India, Policy coverage is good and I have taken two policy with the Life Insurance Corporation of India. Everything is better one with them till now.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "LIC is a very good policy"
      0.5 5.0/5 "Blown Away!"
      I have taken this LIC Jeevan Tarang policy 10 years before. I don't remember about the plans and benefits. I'm paying the premium amount of rs. 10000 six months once. I will come to know about the benefits when the maturity arrives. Total tenure of the policy is 12 years. Sum assured amount is 8 lakhs. Death benefits, Risk coverage and Accidental benefits are available. I used to make the payment through cash. My brother working as LIC agent and he suggested this policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      I have taken life insurance from LIFE INSURANCE CORPORATION OF INDIA and the yearly premium is 30000. The total maturity period is for 20 years. After the maturity period i will get the sum assured and the interest. I mostly do cash payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 14 years and it is a long term policy. I am happy with the returns and benefits of this policy. I pay my premium once in 3 months by cash and i am convenient with the payment options. The maturity period for this policy is after 23 years.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Life Insurance Corporation of India. I would like to say that the customer service is fine one for me and the response is also good, also its not necessary. Plan benefits are less with them.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I took this life insurance jeevan policy from Lic insurance company mainly because of the good returns. The tenure period is 20 where the policy covers till 60 years . Am doing my payment yearly through on-line banking this policy covers accidental benefits and critical illnesses .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I took life insurance jeevan policy from Lic insurance company mainly because of the good returns, its 20 years of tenure period , the payment am doing through on-line monthly . There customer service and customer response is good .This policy covers accidental and critical illness coverage .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance Money back policy from Life insurance Corporation of India. Am satisfied with the premium amount of Rs 7000 which has the tenure period of 20 years . There customer service and response is good. Overall am satisfied with the policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I've a life insurance policy with the LIC. It offers Accidental and Life coverage in one policy . I pay a premium of Premium 4900 per year. I make payments via Cheque and online LIC website. I never faced any issue with the policy so far. Overall ti has been a good experience with their services.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've an insurance policy with the LIC. I make payments via the LIC website . I also got loans out of the policy for 60000 and the whole process of loan application was quick and got the loan amount with in 3 working days. Overall it has been a smooth experience with the LIC policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
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