LIC’s Endowment Plus is a unit linked endowment plan. The features of the plan are mentioned below:
• Double benefits of Insurance and Investment.
•Funds available under this plan are -Bond, Secured, Balanced and Growth fund.
•A policyholder can partially withdraw the units at any time after five policy years.
•Loan can be availed after completion of 3 policy years.
•Policy can be surrendered after completion of 5 years with no surrender charge.
•Premiums can be paid in yearly, half-yearly, quarterly and in monthly (ECS) installment OR in single
installment.
•Policyholder can switch between any fund types during the policy term. 4 switches will be allowed free in a policy year.
•Policyholder has a option to enhance the risk cover by choosing the Double Accident benefit.
For more Detail Visit Endowment Plus
