LICs New ULIP Plan

LIC is going to launch new ULIP plan
Unit Linked, Non-participating, Regular Premium Life Insurance Plan

ULIP Plan Features
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