LICs New ULIP Plan Nivesh Plus | Table No 849

Unit Linked, Non-participating, Regular Premium Life Insurance Plan

Features of Nivesh Plus Ulip Plan

• Available for Offline as well as Online sale
• Minimum Premium : Rs. 40,000, Maximum Premium: No Limit
• Basic Sum Assured (BSA):
  • Age below 55 years : Higher of, (10x AP) or (0.5x term*AP)
  • Age above 55 years : Higher of, (7x AP) or (0.25x term*AP)
• Guaranteed Additions as a percentage of Annualized Premium (AP) shall be added to the Unit fund on completion of specific duration
  

  End of Policy Year	Guaranteed Additions (as percentage of AP)
  6	5%
  10	10%
  15	15%
  20	20%
  25	25%

• Death Benefit: Highest of (Basic Sum Assured) or (Policyholder’s Fund Value) or (105% of total premium paid)
• Maturity Benefit: Policyholder’s Fund Value + Refund of total Mortality Charges
• Policy Term : 10 to 25 years
• Minimum Age at entry : [90] Days
• Maximum Age at entry: [65] years
• Minimum Maturity Age : [18] years
• Maximum Maturity Age: [85] years

Comparison with Existing ULIP

Features	LIC’s New Endowment plus	LIC’s proposed Regular Premium Plan
Available for sale	Offline	Offline as well as Online
Minimum Premium	Rs. 20,000 yearly	Rs. 40,000 yearly
Basic Sum Assured	Higher of 10x AP or 105% of total Premium paid	Age <55 years : Highest of •10x AP or 0.50*Term*AP or •105% of total Premium paid    (*a)
		Age  >=55 years : Highest of •7x AP or 0.25*Term*AP or •105% of total Premium paid    (*b)
Policy admin charges	1st year-0.35%xAP(max.Rs.100 p.m.) 2ndyear-0.25%x AP(max.Rs.70 p.m.) 3rd,4th& 5th -With 3% escalation 6th onwards-Rs.52.17 p.m escalating at 3.00% p.a. therafter	Nil
FMC	0.70% for all funds	1.35% for all funds
Max. Entry age	50 years	65 years
Policy term	10 to 20 years	10 to 25 years
Max. Maturity age	60 years	85 years
Guaranteed Addition	Nil	On completion of specific duration from 6th year upto 25th year @ 5% to 25% of AP
Premium allocation charges	Year               Offline sale 1st year-            7.50% 2nd to 5th year-  5.00% Thereafter-       3.00%	Year     Offline sale Online sale 1st year-        8.00%      3.00% 2nd – 5th yr-    5.50%      2.00% Thereafter-    3.00%       1.00%

*a= Eligible for tax exemption as per prevailing rules

*b= Does not qualify for tax exemption as per prevailing rules