Money Plus 1
Money Plus 1 Summary:
LIC’s Money Plus-I plan no. 193 is a unit linked (ULIP) Endowment plan with regular premium paying term which offers investment cum insurance during the term of the policy. You can choose the level of cover within the limits, which will depend on the level of premium you agree to pay. Four types of investment Funds are offered in Money Plus 1. The Policyholder has the option to choose any ONE out of the following 4 funds. Bond, Secured, Balanced and Growth.
Features:
Payment of Premiums:
You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (ECS) intervals over the term of the policy. The minimum annual premium will be Rs.5,000/- increasing thereafter in multiples of Rs.1,000/-. The minimum monthly (ECS) premium will be Rs. 1000/- increasing thereafter in multiples of Rs. 250/-.
Partial Withdrawals:
You may encash the units partially after the third policy anniversary subject to the following conditions.
1. In case of minors, partial withdrawals shall be allowed from the policy anniversary coinciding with or next following the date on which the life assured attains majority (i.e. on or after 18th birthday).
2. Partial withdrawals may be in the form of fixed amount or in the form of fixed number of units.
3. For 2 years’ period from the date of withdrawal, the Sum Assured under the Basic plan shall be reduced to the extent of the amount of partial withdrawals made.
4. Under Regular Premium policies where less than 3 years’ premiums have been paid and further premiums are not paid, the partial withdrawals shall not be allowed.
5. Under Regular Premium policies where atleast 3 years’ premiums have been paid, partial withdrawal will be allowed subject to a minimum balance of two annualized premiums in the Policyholder’s Fund Value.
Switching of funds:
You are allowed to switch from one fund to another i.e. Bond funds to Growth fund. 4 switches will be allowed free of charge, subsequent switches in that year shall be subject to a switching charge of Rs. 100 per switch.
Discontinuance of premiums and lapse policy:
If premiums are payable either yearly, half-yearly, quarterly or monthly (ECS) and the same have not been duly paid within the days of grace under the Policy, the Policy will lapse. A lapsed policy can be revived during the period of two years from the due date of first unpaid premium.
Eligibility Conditions And Restrictions for Money Plus-1:
1. Minimum Age at entry: 0 (age last birthday)
2. Maximum Age at entry: 65 years (age nearer birthday)
3. Minimum Maturity Age: 18 years (completed)
4. Maximum Maturity Age: 75 years (age nearer birthday)
5. Minimum Policy Term: 5 years
6. Maximum Policy Term: 30 years
7. Minimum Premium: Rs.5,000 p.a.
8. Sum Assured under the Basic Plan:
a) Minimum Sum Assured : 5 times the annualized premium
b) Maximum Sum Assured :
i) 30 times of the annualized premium if age at entry is upto 45 years
ii) 20 times of the annualized premium if age at entry is 46 to 60 years
iii) 10 times of the annualized premium if age at entry is 61 years and above
Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to LIC of India within 15 days.
How to Apply for LIC Money Plus-1 policy?
Contact your nearest Life Insurance Of India (LIC of India) Branch/ LIC Agent. Or
Fill the Application form to apply online. (Mumbai only)
Receive LIC Policy updates on your Mobile . Click here: MyLICindia SMS Alert
Note:
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.
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Insurance plan found by searching:
- Licofindia Money Plus
- lic money plus
- lic of india money plus policy status
- lic mutual fund money plus
- money plus 1
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64 Comments
i want to get current status of my plan and i want to see sum assured of my plan on my email id
dear sir, i want to know my current details of my MONEY PLUS policy .NAV as on date also send to my id.thanks.
hello sir i want current status on my policy no:639322398 money plus -1 update please.
i have invested in lic market & money plus and also one jeevan anand policy.
request to send the updates of sum assurance for above said mail id.
thanks and regard,
dharimani
I want know the latest nav status of money plus scheme for which i am subscribing.
I am subscribing to Money Plus plan from last 3years and paid 3 annual premiums @ RS.20,000/-P.A. I want to know the present NAV and seek your advise whether further premiums can be stopped and refund can be sought now or after waiting for a further period as the scheme is not considered to be not running profitable and to the benefit of customers as contemplated at the time of launching.
Your site should be more informative.
in my case i got relocated to chennai ,from hyderabad where i took
jeevan suraksha policy, then i sent a letter seeking address change
but have not received any info about it.
I tried to get details about my policy . but your search engine
is not providing any.
Given a policy number, the net site should provide full info
please enrich the site. My policy number 646077143
I am subscribing to Money Plus plan from last 3years and paid 3 annual premium of RS.10,000/-P.A. and i want to know current status of my plan and i want to see sum assured of my plan on my email ID (policy no.813446346).
hoping for a favourable reply..
Can I see the full detais on net of all the transections done till date for the investments done in policy “Money Plus1″.Number 563506393
Dear sir,
i have a lic money plus policy
i want to know my policy current status and i need details of each year how many units in my policy.
yours faithfully,
purushothama.
DEAR sir i want to know my current details of my money plus policy no 602303678 NAV as on date also send to my id.thanks.
i want to know about my policy details regarding the amount increased or decreased till the date?
under “jeevan jyothi”
pb no 10,d.no 1-6-17,
stn road,mahabubnagar
509001.
i want to know about my policy details regarding the amount increased or decreased till the date?
under “jeevan jyothi”
pb no 10,d.no 1-6-17,
stn road,mahabubnagar
509001.i want to get current status of my plan and i want to see sum assured of my plan on my email id
policy no. 285531295. i pay Rs.20000 per year on lic money plus. fund type growth. i have paid three premiums. what is the present position.
hi,
I am paying Rs 40,000/- per annum for MoneyPlus Growth Plan.
It will complete 3 yrs in August 2010.
How can I calculate the amount I have in the Policy?
Nav is 11.43 and No.of units is 9179.27
The how much can I withdraw from it?
The assured sum is shown as 4 lakhs. Do I need to surrender to get all the money?
Can I continue the policy even after I withdraw all the amount?
i want to know my current position of my money plus policy no 331848038 dt.03/03/07 NAV/ total value as on date & send me form
for switch fund from money plus to secured fund
thank with regard
anil ahuja 9873416263
ahuja63@hotmail.com
I am subscribing to Money Plus plan from last 3years and paid 3 annual premium of RS.25,000/-P.A. and I want to know current status of my plan and I want to see sum assured of my plan on my email ID (policy no.271695917).
Sir, i roomi Yadav want to know the current fund of my LIC money Plus policy no.216423063 what is the current state of My policy….. KINDLY REPLY THE STATUS TO MY ID harsh.ctmax@rediffmail.com
Sir, i SANJAY BAROT want to know the current fund of my LIC money Plus policy no.853483755 what is the current state of My policy….. KINDLY REPLY THE STATUS TO MY ID BAROTSANJAY73@GMAIL.COM
While sending the premium paid receipt to customer, why the corporation is not sending the units credited to customer’s account in case of ULIPs? Its my sincere suggestion to do the same to bring transparency in the administration in its working.
Regards,
Mandar Nimkar(9323806057)
Tabrej Reply:
March 24th, 2010 at 5:53 pm
You do receive a separate latter from LIC that indicated units allotted to you.
Sir, I want to know the staus of my policies to the abovementioned mail id. The details of policies are as follows:
1] Money plus: 923849579
2] Jeevan Suraksha: 882196065
3] Jeevan Rekha: 922111877
Also, like to know what are the survival benefits available to these policies on my mail id.
Sir, I dharmendra kumar kanpur want to know the current fund value of my LIC money Plus policy no.254606163 & 254277127 what is the current status of My policy….. KINDLY REPLY THE STATUS TO MY ID dk.dbscollege@gmail.com
i have 2 policy . policy # 124117181 & 124117180. i would like to know the current status of policy.
and i also need the my payment receipt for policy # 124117181 . i have dropped payment cheque in lic drop box on 20/3. please also advise that how i can take payment receipt in internet?
also suggest that should be continue these policies or withdraw.
need your prompt response.
best regards,
k.s.chaman
Tabrej Reply:
March 29th, 2010 at 3:15 pm
withdraw only if you are in need of money else continue
i have dropped the my policy ‘s installment , policy no. 124117181 in lic cheque box and did not take payment receipt at that moment.
kindly help me to send receipt through mail at your earliest.
thanks/ regards,
k.s.chaman
hello sir, i want to know about my money plus-1 policy current status n my policy no. is 523836806.so, plz reply as soon as possible…..thanx
Dear sir,
I want to know the status of my policy that i have surrendered on 08/04/2010 my policy No is 625152745 Till date i have not received the reimbursed amount DD or chq so i kindly request you to look into the matter and send me the DD as early as possible at the same time i want to know the surrendered value of my policy please revert this to my mail ID
Thanking you
Regards
Suheel Ahmed S
Mob no 9886624236
Dear Sir,
Actually i am joined 2007 year money plus policy
Policy No: 842991203
2007-2008 year permium already paid
2008-2009 year permium already paid
2009-2010 year permium already paid
I request to you, kindly inform how much share value (my policy) in current period
kindly send reply to above mentioned my email id
thanks
sir i had taken money plus plan in 20/04/2007 and i had paid 10000rs per year for this plan now i have to know what is the sum assured till date now.My policy no is523656854.
Hoping to get reply soon.
thanks.
I want to know my current NAV and status of my MONEY PLUS policy no.975523944, D.O.C 31-5-2007
Please send me the details value of my investment on my above mail id
Sir, i GHANSHYAM SHARMA want to know the current fund of my LIC money Plus FOLIO no.195775330 what is the current state of My policy….. KINDLY REPLY THE STATUS TO MY ID
i dont understand my ploicy status,, my policy no is 905647161 money policy plan 180 & term is 15 . where LIC OF INDIA has not given any seperate TAB to search ploicy current status of invested fund value … its thirdclass service i m seeing. every invester has to get status by himself. .
sir i had taken money plus plan in 02/07/2007 and i had paid 100000rs for this plan now i have to know what is the sum assured till date now.My policy no is783492861.
Hoping to get reply soon.
thanks.
I had tookMoney plus policy on 14/08/07
Its no is 947460360
I have paid yearly 5000rs. premium ( total 3 nos)
If i will surrender what will be surrender value?
Or if i wish not to pay premiums further, will my policy be in force?
Please let me know the status of my policy MONEY PLUS-1 NO;323211726 and send details ,howmuch I can it if I cancel this policy now?
maheen
Calculate your Fund Value:
Fund Value = No. of Units x NAV
For NAV info, visit the weblink http://www.licindia.in/plan_navs.htm
For No. of Units, go to your online (LIC) profile and check the Policy (Money Plus)
sir my Moneyplus policy no.654637124 and i want to know the policy status and how much amount i should be drawn if i close the policy.
Can I see the full detais on net of all the transections done till date for the investments done in policy “Money Plus?.Number 588156733
i opend money plus policy on 29/03/2007.policy no is975570780.i invest rs90,000/- in three year.now i want to know my current fund value and current NAV .HOW much amount i should get if surrender policy .thank you……….reply
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dear si tell me abt lic some polices ….maturity period of 1,3.5 years
details…like premiums nd all benifits
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Tabrej Reply:
August 17th, 2009 at 6:23 am
Insurance is a long term commitment. I would suggest to buy LIC mutual fund instead of insurance policy for short term.
Reply