LIC Samridhi Plus

LIC Samridhi Plus is a Guaranteed Highest NAV ULIP plan. LIC Samridhi Plus (Plan No.804) is a close ended plan which is available for a maximum period of 3 months.

Samridhi Plus Features:

  • Entry age 8 to 65 years
  • Policy Term 10 years
  • Lock in period 5 years
  • Limited Premium Payment (5 years or single premium)
  • Guaranteed Highest NAV of the first 100 months at Maturity
  • Partial Withdrawals after 5 year

LIC Samridhi Plus come with limited premium payment and Highest NAV Guarantee.

Death Benefit:
The nominee will get Sum Assured or Policyholder’s Fund Value whichever is higher.

Maturity Benefit:
On maturity the policyholder will receive Highest NAV Fund Value Or Maturity Fund Value Whichever is higher.

Highest Guaranteed NAV:
Guarantee of the highest NAV recorded on a daily basis, in the first 100 months of the policy, subject to a minimum of Rs. 10/-. The guarantee will be applicable only for units available in the policyholder’s fund at the end of the policy term. The period to be counted for guarantee of NAV shall be 100 months from the date of commencement of policy.

Eligibility condition and restrictions for LIC Samridhi Plus

Risk Cover
5 year Premium paying term policies:
For age at entry below 45 years: 10-20 times the annualised premium
For age at entry 45 years and above: 7-10 times the annualised premium

Min Risk cover Single Premium:
For age at entry below 45 years: 1.25 times the single premium
For age at entry 45 years and above: 1.10 times the single premium

Max Risk cover Single Premium:
5 times the Single premium, if age at entry is upto 55 years.
1.25 times the Single premium, if age at entry is 56 to 65 years

Top-up: No Premium Top-up is allowed under this plan.

Entry age: 8-65 years
Maturity age 18-75 years
Policy Term 10 yrs
Premium paying term: 5yrs or single premium

Min Premium:

Yearly Premium: Rs.15000/-
Half Yearly: Rs.8,000/-
Quarterly: Rs.4,000/-
ECS Monthly Rs.1500/-

Min. Single Premium: Rs.30,000/-

Maximum premium:
Single Premium: No Limit
Regular Premium: 1 lac p.a.

Accident Benefit: Accident Benefit is availabe at extra Rs.0.50 per thousand Sum Assured

Premium Allocation Charge
For Single premium policies: 3.3%

For Regular Premium policy:
First year: 6%
2nd-5th year: 4.50%

Misc. Charges:
Policy Admin charges: Rs.30/month during the first policy year and Rs 30/- per month escalating at 3% p.a. thereafter, throughout the term of the policy.
Fund Management Charges (FMC): 0.90% p.a
Guarantee Charge: 0.40% p.a

11 thoughts on “LIC Samridhi Plus

  1. Alex Varghese

    Please explain me Samridhi Plus benefit in following case
    case : I opt to pay 1 lakh as annual premium for 5 years, with min. risk coverage (is it 10 lacks ?) , and I am above 45 years. then I want to close the policy at the end of fifth year. Say the NAV went upto rs.20 in 2nd year, but it is rs.15 at the time of withdrawal.

    Pls. let me know what will be closing amount at the end of 5th year. Pls. show the calculation for verification.

    Thank you

  2. RamuGanesh

    I need to know abt the policy better. Pl call me on +918892624426.
    Resident ofBangalore.

  3. Pinaki Biswas

    Dear sir ,
    I have a LIC’ samridhi plus ( 804 -10, Plane & term respectively) dt 15/05/2011. you are asked that what is my NAV value and how can i see the latest NAV .

    Thanking you ,
    Pinaki Biswas.

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