LIC's Wealth Plus

(Plan no : 801)

Features
• A unit linked insurance plan to maximise the return
• Highest NAV of first 7 years GUARANTEED
• Extended free life cover for a period of 2 years after maturity
• Premium Commitment – Single premium recommended
• Fund value at the end of 8 years based on highest NAV during the first 7 years or NAV at the end
of term whichever is higher
• Insurance cover
o During the term - Sum Assured + Fund value
o Extended term - Sum Assured
• Partial/full withdrawal available after 3 years without exit charges
• Income Tax benefit – under section 80c

Charges

Allocation charges - 5% upto Rs 400000/-

4.5% above RS 400000/-

Policy admin charges - Rs 60 pm for first year; Rs 25/- in 2nd year; increases 3% pa.

Service tax @ 10.3% on mortality charges

Minimum Investment for single premium Rs 40000/- only

Policy term 8 years

Investment of Funds: The fund detail is as below:
Fund Type Investment in Short-term Investment in Details and
Government / investments Listed Equity Shares objective of the
Government such as money fund for risk /
Guaranteed market instruments return
Securities /
Corporate Debt
Wealth Plus 0% to 100% 0% to 100% 0% to 100% Medium Risk
Fund

In the period during which this product is open for sale, all premiums received shall be invested in Money
Market instruments of applicable duration i.e. the period from the date of sale to the date of closure of the
plan. After the date of closure of the plan the above investment pattern shall be followed.

Benefit Illustration

Policy
Risk Single Allocation Admin Mortality Service Net No of
Year Cover Premium Charges Charges Charges Charges Amount Units
2010 125000 100000 5000 720 856.25 677 92746 9275
2011 125000 0 0 300 856.25 119 NA 9164
2012 125000 0 0 309 856.25 120 NA 9067
2013 125000 0 0 318 856.25 121 NA 8981
2014 125000 0 0 328 856.25 122 NA 8907
2015 125000 0 0 338 856.25 123 NA 8841
2016 125000 0 0 348 856.25 124 NA 8787
2017 125000 0 0 358 856.25 125 NA 8733
2018 125000 0 NA NA NA NA NA 8733
2019 125000 0 NA NA NA NA NA NA
2020 125000 0 NA NA NA NA NA NA

NAV of Bima Plus has touched Rs 50/- within 7 years of launching. If

NAV of Wealth Plus touches that value,

the tax free maturity amount payable on

maturity
Rs 436672