Lic sip calculator

LIC SIIP Plan No 852 is a new ULIP plan launched by LIC on 2nd March 2020. This plan is unique in terms of many aspects. SIIP is unit linked, non-participating, individual life insurance plan. SIIP is the second ULIP policy launched by LIC in the year 2020. Along with SIIP LIC has also launched single premium ULIP plan called as Let’s take a look at LIC SIIP plan key features, eligibility, benefits in detail and try to figure out is it worth investing or not. LIC SIIP Plan No 852 – Key Features & Eligibility • LIC SIIP is regular premium policy with monthly saving option of Rs.4000 or yearly saving option of Rs.40000. • The insurance coverage will be 7 times if age is above 55 and 10 times for others. • Premium paid will be converted to unit as per the unit price on the date payment. • You can select from four different fund options bond, secured, balanced and grwoth. This is similar to LIC Nivesh Plus policy. • Switching is allowed between all four funds four times in a year. This is to ensure higher returns from the investment. • You can withdraw money from this plan after 5 th The withdrawal will be in the form of fixed amount or fixed number of units. Partial withdrawal is not allowed to minor. • This plan provides life risk cover option. • Guaranteed addition offered in addition to unit fund value. The percentage of guaranteed addition will be a percentage of the fixed annualized premium. • You cannot get loan facility under this plan. • The facility of surrender is ...

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Life Insurance Corporation, LIC is famous for offering a slew of insurance policies to their investors that aid in the growth of even the smallest amount of money invested monthly to a pretty hefty sum at the end of the scheme. LIC SIIP is one such policy that offers an impressive return on your money. LIC SIIP Plan is a unit-linked non-participating individual life insurance plan. This plan serves as an opportunity that aids in monetizing the investment options offered by the market. The best part about issuing this plan is that you can apply it through offline and online modes. It comes along with four different fund options that you can use to invest your hard-earned money. Benefits of LIC SIIP plan • Death BenefitIn the unfortunate event of the death of the insured during the policy tenure, the nominee will be paid as follows: • If the death takes place before the Date of Risk Commencement An amount equal to the unit fund value • If the death takes place after the Date of Risk Commencement • Basic Sum assured minus the partial withdrawals, or • Unit Fund Value, or • 105% of the total premiums that have been received till the date of death minus the partial withdrawals made in the past 2 years • Maturity Benefit Under the LIC SIIP policy, if the insured survives until the maturity date, the plan assures an equal amount to the unit fund value • Refund or Mortality charges If the insured member survives the maturity date, he will be paid an amount that equals the mortalit...

ગુજરાતી • • • • • • • New • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Live • Live • • • • • • • • • • • • • • • • • • • LIC SIP Calculator The mutual fund industry in India has seen tremendous growth in recent years, with assets under management (AUM) soaring from Rs 22.79 trillion in November 2017 to an astounding Rs 40 trillion in November 2022. This represents a nearly twofold increase in just five years! One of the reasons for this impressive growth is the increasing popularity of Systematic Investment Plans (SIPs) among Indian investors. As of November 2022, SIP investments stood at an impressive 13,306 crores. With a vast array of mutual funds available, deciding on one can be overwhelming. The LIC SIP calculator makes this easy and manageable. However, considering the LIC plan, you can use the LIC SIP calculator to estimate your potential returns and make an informed decision. LIC of India established the LIC mutual fund in April 1989. LIC Mutual Fund is becoming a preferred Investment Manager among the investor community due to a systematic investment discipline and a high standard of financial ethics and corporate governance. You can use the LIC SIP calculator to estimate your potential investment returns if you invest in LIC mutual funds via the SIP route. A SIP ...