What is Plan 191 in LIC?

What is Plan 191 in LIC?

This is a unit linked deferred pension plan. You can take the plan with or without life cover. You can also choose the level of cover within the limits, which will depend on whether the policy is a Single premium or Regular premium contract and on the level of premium you agree to pay.

What is LIC Market Plus 1 policy?

LIC Market Plus I is a unit linked deferred pension plan that is available with or without the option of Life cover. The plan offers added benefits of being able to choose the level of cover within limits of the policy that are dependent on payment mode of premiums and the value of premiums paid.

What is the current value of LIC Market Plus?

Funds Name Nav(Rs) as on 27 Apr 2022 1 yr (%)
LIC Market Plus Balanced Fund 40.7101 INR as on 27 Apr 2022 9.17%
LIC Market Plus Bond Fund 36.4535 INR as on 27 Apr 2022 3.26%
LIC Market Plus Growth Fund 26.2397 INR as on 27 Apr 2022 13.93%
LIC Market Plus Secured Fund 42.2138 INR as on 27 Apr 2022 5.81%

Is Surrender value of LIC Market Plus policy taxable?

Premiums paid towards LIC market plus plan are eligible for tax deduction under Section 80C of the Income Tax Act. Commuted benefits paid out as a lump sum are tax-exempt under Section 10 (10D) of the Income Tax Act.

How can I know the details of my LIC policy?

How to Check LIC Policy Details Online?

  1. Step 1: Go to the official LIC website, fill in your credentials like username and password.
  2. Step 2: Login to your account and select the option ‘View Enrolled Policies’.
  3. Step 3: You will be directed to a page where you can see all the listed enrolled policies.

How can I check my LIC profit plus status?

One can check LIC Profit Plus policy status by sending an email to the insurer or by giving a call.

How can I check my LIC policy value?

Step 1: Go to the official LIC website, fill in your credentials like username and password. Step 2: Login to your account and select the option ‘View Enrolled Policies’. Step 3: You will be directed to a page where you can see all the listed enrolled policies.

Can I surrender ULIP before 5 years?

Surrendering during the lock-in period – ULIPs have a lock-in period of 5 years but investors can surrender the fund before completion of the lock-in tenure. The risk-cover will cease once you submit the request for surrender, however, the surrender value incurred is paid only at the end of the 5-year term.

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