LICMF Unit LInked Insurance Scheme

Investing in Unit Linked Insurance Plans?

Plans of INSURANCE Companies

You pay Rs. 10,000. After deducting Charges, i.e., Premium Allocation, Mortality Charges, Policy Administration Charges, Fund Management Charges, etc, you get units of around Rs.7,000. That company declares, ‘last year return 40%’, you are happy thinking you made a profit of Rs.4,000. But in reality, you are getting 40% return on your investment of Rs.7,000 only, which comes to Rs.2,800, which is 28% of your total payment.

Thinking?

Compare this:

A plan, where

1. No Administrative fee
2. No Policy Preparation Charge
3. No Annual Maintenance Charge
4. No Deduction of any charges (including Premium) from 2^nd year onwards in Single Premium Option
5. No Deduction for Accidental Life Insurance Cover
6. No Medical Test up to Rs.15,00,000 & age up to 60

Only Entry Load (presently 2.25%) + Insurance Premium (much lesser than even Term Insurance Premium) are charged, which results, in the same scenario, on your investment of Rs.10000, Around Rs.9000 is invested.

Compared to your investment in ULIPs of Insurance Company, you are earning around 30% while investing itself. As far as, return is concerned, they also give return by placing your money in the market, which we also do.

Benefits:

1. Growth in investment
2. Life Insurance Cover up to Rs.15,00,000 – from 12 to 60 yrs of age (sub to maturity at 70)
3. Without Medical Examination
4. Free Accidental Life Insurance Cover up to Rs. 7,50,000
5. Guaranteed Bonus on Maturity
6. Income Tax Benefit on investment under Sec-80©
7. Tax free Dividends
8. Tax free Withdrawals
9. Cheapest cost of Insurance with return
10. You can know status of your investment any day and even the portfolio of investment
11. Since 1989, proven track record of return & consistent declaration of dividend

SCHEME NAME IS LICMF ULIS