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The country's largest insurance company has come up with a new plan. Through this plan, investors will earn huge profits from the stock market. The name of this new plan of LIC is LIC Index Plus. This plan is for individuals in which investors will have to pay premium on regular basis. The specialty of this plan of LIC is that it provides life insurance coverage along with savings for the entire policy tenure. Let us also give you information about this special scheme of LIC.

How much is the lock in period?

The lock in period of this new plan is 5 years. After that the policyholder has the option to partially withdraw the units subject to certain conditions and terms. Giving information, LIC said that the guarantee extra money calculated as a percentage of the annual premium will be added to the unit fund after the remaining policy years.

what is the rule

1. For the insurance scheme, the age of the policy holder should be at least 90 days.
2. However, depending on the amount of the policy holder, the age can be up to 50 or 60 years.
3. The basic insurance amount for policyholders entering the scheme whose age is between 90 days and 50 years is fixed between 7 to 10 times the annual premium.
4. The premium of an insurance policy is decided based on the age of the policy holder.

how much will be the premium

1. The insurance scheme is for a maximum of 25 years and a minimum of 10 to 15 years depending on the annual premium.
2. It is very important that the policy period matches the premium payment period.
3. If you make annual payment then you will have to pay Rs 30 thousand.
4. Those paying once in 6 months will have to pay Rs 15,000.
5. The premium for quarterly paying policy holders is Rs 7,500 and every month is fixed at Rs 2,500.

You can invest in these 2 funds

1. In this scheme, policyholders will have the option between two funds in which they can invest the premium;
2. The two options given by LIC are Flexi Growth Fund and Flexi Smart Growth Fund.
3. These funds invest primarily in selected stocks that are part of the NSE Nifty 100 index or NSE Nifty50 index.
4. Policyholders can initially select one fund and then switch as per their need.