How can I know my LIC Market Plus value?
Once you know the units, visit the LIC NAV page at www.licindia.in and locate the policy NAV….Let’s assume you have 50,000 units of Market Plus 1 Growth fund.
- Now we need to check today’s NAV.
- At the time of writing Market Plus, 1’s NAV was Rs.23/unit (As of 8th August 2017)
- Hence Current Cash value: 50000 x 23= 1150000.
What is market plus policy?
LIC Market Plus I is a unit linked deferred pension plan that is available with or without the option of Life cover. The plan offers added benefits of being able to choose the level of cover within limits of the policy that are dependent on payment mode of premiums and the value of premiums paid.
What is NAV Jeevan?
LIC’s Navjeevan plan is a Non-Linked” With Profit ” Endowment Assurance plan. Under this plan the premium can be paid either as Lumpsum (Single premium) or as Limited Premium with a premium payment term of 5 years. This plan will also be available through online application process.
What is LIC Profit Plus policy?
The LIC Profit Plus plan is a unit linked endowment plan under which the policyholder has the option to make a single payment in the form of a lump sum towards his or her premium or choose to make premium payments in a uniform manner over a period of 3 years, 4 years or 5 years.
What is the market share of LIC?
LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in India, with a 64.1% market share in terms of premium, a 66.2% market share in terms of new business premium, a 74.6% market share in terms of the number of individual policies issued, an 81.1% market share in terms …
How can I get daily NAV of mutual fund?
Every fund house publishes the net asset value (NAV) of each scheme daily on its website as well as on the AMFI website. To ascertain the value of an investment, one can use this NAV and multiply it with the number of units held.
What is LIC navjeevan policy?
LIC’s Navjeevan plan is a Non-Linked” With Profit ” Endowment Assurance plan. Under this plan, the premium can be paid either as Lump sum (Single premium) or as Limited Premium with a premium payment term of 5 years.
What is maturity amount?
Maturity value is the amount due and payable to the holder of a financial obligation as of the maturity date of the obligation. The term usually refers to the remaining principal balance on a loan or bond. In the case of a security, maturity value is the same as par value.
Which is better PPF or LIC?
Comparing the two investments would result in drastic differences. While LIC policies serve the purpose of insurance, a PPF serves the purpose of savings….PPF VS LIC.
| Points | LIC | PPF |
|---|---|---|
| Scheme | Insurance | Investment |
| Purpose | Risk Protection | Savings |
| Risk | Safe | Safest |
| Target audience | Caters to those who have dependents | Caters to everyone |
What is LIC money Plus Plan 180?
Lic Money Plus Plan No-180 Introduction Money Plus plan is a unit linked endowment plan Introduced On – 20/12/2006 Withdrawn On- 15/08/2007 which offers investment cum insurance during the term of policy. Hence, life cover is compulsory under Money plus plan.
What is the NAV (net asset value) of LIC market plus plan?
NAV (Net Asset Value) will be computed on daily basis. For Lic Market Plus Plan NAV is fixed for first one month at the rate of Rs. 10/- per unit. Total premium received is divided into unit fund and non-unit fund. This allocation is done as per percentage given under single and regular premium policies.
How to calculate LIC ULIP Nav?
NAV = (Market Value of All Securities Held by Fund + Cash and Equivalent Holdings – Fund Liabilities) / Total Fund Shares Outstanding. Here you can get Lic ULIP Plans Nav value (Net Asset Value). Lic NAV for the day is displayed for the users Convenience.
What is LIC LIC market plus plan?
Lic Market plus plan was Introduced on 05/07/2006 and Withdrawn on 01/04/2008. Market plus plan is a unit linked plan. Market plus policy is without Critical illness rider. Premium allocation charge is reduced for both single premium and regular premium policies.
What is compulsory surrender under LIC market plus plan?
The concept of compulsory surrender is also introduced under Lic Market plus plan. The policyholder or life assured will have an option to surrender the policy only after completion of 3 policy years both under single and regular premium policies. There is no need to pay 3 years premium for getting surrender value.