Increase your life cover with LIC Samridhi Plus

Increase your life cover with LIC Samridhi Plus

LIC Samridhi Plus was launched by India's Life Insurance Corporation(LIC) under the range linked withinsurance based on security, protection and growth.

This is mostly directed towards policy holders protection the investments from any fluctuations that may hit the market.

This was also confirmed by the corporation stating that Samridhi Plus is a protection plan policyholders investments.

Another important feature of this policy is the life cover plan that stretches across a plan term of 10 years and covers around Rupees 50 lakh based under positive terms and conditions of the policy.

To avail Samridhi Plus an entrant's minimum age limit should be 8 years while the maximum should be 65 years.

The range of minimum premium of this policy depends and can vary between Rs 1500 (through ECS) to Rs30, 000(by premium in a single go). It may also be in the form of a yearly payment of Rs 1 lakh for a payment period of 5 years.

The sale of this plan will be available throughout a term of 3 months from the launch date. Dual withdrawals are also sanctioned after the completion of the 5thanniversary.

Under the situation of death of the policy holder within the term of policy particularly when the life cover is at its full application, the person held as nominee will get a higher sum during the policy over the fund value of the policy holder.

Accident benefit as mentioned is also a part of this effective policy. The range of sum over the annualized premium ranges between 10-20 times below the age limit of 45 years under the premium term of 5 years of this policy.

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