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New ULIP from LIC

LIC has introduced Money Plus, a unit linked endowment plan. It offers the double benefit of investment and insurance.

Apnainsurance.com Research Bureau

23 May 2008

LIC has introduced Money Plus, a unit linked endowment plan. It offers the double benefit of investment and insurance. This plan offers four investment options - bond fund, secured fund, balanced fund, and growth fund. Besides these options the policy also has critical illness rider benefits. The minimum annual premium of the policy is Rs 5,000. The policy also allows free switches from one fund to another, up to a maximum of four per year.



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