LIC Money Plus is a unit linked Endowment plan in which one requires paying regular premium. This is a insurance policy in which one can have insurance as well as investment through a term of policy. The LIC Policy holder can also choose the level of cover and that extremely depends on the amount of premium in which one agrees to pay.
In LIC money Plus, one need to choose from 4 types of investment fund and these are also subject to different changes. The value of units can either increase or decrease and that depends exclusively on the Net Asset Value (NAV).
One needs to pay premium for this insurance plan. There are also plenty of options for the payment of premiums. People can opt for, monthly, quarterly, half-yearly or annually. The minimum yearly premium for this LIC Money Plus is Rs. 5, 000/- and the amount of this premium goes up by adding Rs. 1000/- every year. The minimum monthly premium for LIC Money Plus is Rs. 1000/- increasing after that in multiples of Rs. 250/-.
There are 4 types of Money plus Plan namely Bond fund, Secured fund, Growth fund and balanced Fund. People can choose any one of the above mention plan to secure their future.
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Tags: Insurance, insurance plan, LIC Money Plus, LIC Policy