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LIC’s Flexi Plus Plan No. 811

LIC’s Flexi Plus Plan No. 811. Flexi Plus - Highlights. Life Insurance Protection Payment of Sum Assured on death Financial protection Payment of Fund Value on Maturity Liquidity Advantage – Partial Withdrawal allowed after 5 yrs

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LIC’s Flexi Plus Plan No. 811

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  1. LIC’s Flexi Plus Plan No. 811

  2. Flexi Plus - Highlights Life Insurance Protection Payment of Sum Assured on death Financial protection Payment of Fund Value on Maturity Liquidity Advantage – Partial Withdrawal allowed after 5 yrs Stock Market Advantage – Market linked Returns

  3. Flexi Plus - Features • Regular Premium ULIP Plan • Life Cover Protection for full Sum Assured • Multiple Benefits in case of Death- • Immediate payment of full Sum Assured • All future premiums credited to the policy account (In units) • Payment of Fund value on Maturity • Maturity Benefit -Fund Value

  4. Flexi Plus - Features • Maturity Benefits payable irrespective of survival of the Life Assured during the term. • Partial Withdrawal after 5 years. • Two funds to choose from - • ‘Mixed Fund ‘ and ‘Debt Fund’. • Four free switches during a policy year. • Sum Assured dependent on premium.

  5. Flexi Plus - Eligibility Conditions

  6. Flexi Plus - Benefits • Benefits payable on Death: • Immediate lump sum payment equal to the Sum Assured shall be paid to the nominee / legal heir. • An amount equal to sum of all future premiums payable after the date of death shall be credited to the Policyholder’s Fund. • On the Date of Maturity an amount equal to the Policyholder’s Fund Value will be given to the nominee/legal heir. • Benefits payable on Maturity: • On Life Assured surviving the date of maturity, an amount equal to the Policyholder’s Fund Value is payable

  7. Flexi Plus -Investment Fund Types

  8. Flexi Plus - Additional Features Switching: A policyholder can switch between ‘Debt Fund’ and ‘Mixed Fund’ during the policy term, if he/she so desires. Four (4) such switches are free during a policy year. Partial Withdrawal: Partial Withdrawal is allowed after the fifth policy anniversary. Partial withdrawals may be in the form of fixed amount or in the form of fixed number of units. This facility is available to the policyholder only and subject to minimum balance of 2 Annualised Premiums in the Policyholder’s Fund.

  9. Flexi Plus - Additional Features Surrender: On Surrender of the policy, Policyholder’s Fund Value is payable. There is no Discontinuance Charge after completion of 5 policy years. Before completion of 5 years, Discontinuance Charge is applicable to the Fund Value. The Fund Value so arrived shall be credited to the Discontinued Policy Fund. This Fund will earn a minimum guaranteed interest as applicable to savings bank account of State bank of India, and shall be payable on completion of 5 years. Revival: It should be noted that all the benefits under the policy are applicable only if the policy is in full force. If the due premium is not paid within the days of grace the policy lapses. In case of discontinuance before 5 years the policyholder shall have the right to revive such policy within 2 years from the date of discontinuance but not later than 5 years from the date of commencement subject to continued proof of insurability.

  10. Flexi Plus - Simple Illustration

  11. Flexi Plus - Simple Illustration

  12. Flexi Plus - Charges

  13. Flexi Plus - Other Charges Applicable in event of changes effected by the policyholder:

  14. Flexi Plus - Highlights • For parents who want to protect their child’s financial need • for a good education. • For the financially prudent who have planned • commitments to meet at the end of the term. • For those who wish to save regularly for the future and reap • the benefits at maturity. Flexi Plus –The Plan That Gives You Confidence+

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