Topic: Should I buy LIC market plus?

This message was edited 6 times. Last update was at 15/12/2009 09:12:53

The agent told me money will double in three years.

This message was edited 13 times. Last update was at 18/01/2010 11:51:07

Market plus is a unit linked deferred pension plan from life insurance corporation available with or without risk cover. You can choose from single premium or regular premium. Being a unit linked plan your premium will be applied to purchase units as per the fund type you choose from bond fund, secured fund, balanced fund, and growth fund.

You may choose to invest in any of these funds depending on your risk profile. the bond fund invests 100% in the debt market, while secured fund invests upto 85% in the debt market and a maximum of 35% in
equities.
The balanced fund invests upto 50% in debt and upto 50% in equities. Similarly the growth fund invests upto 40% in debt and upto 80% in equities. You can also enjoy tax benefits under section 80C of the income tax act.

The first year allocation charges are 16.50% and 2.50% from the second year onwards. apart from this there are other charges like policy maintenance charges and fund management charges which are also levied.

Benefit on vesting - on your surviving to the date of vesting, the fund value of the units held in your unit account will compulsorily be utilized to provide a pension based on the then prevailing immediate annuity rates under the relevant annuity option. you may opt to commute up to one-third of the benefit to be paid as a lump sum. In other words you can withdraw upto one third of the total corpus tax-free. And with the balance amount you can choose to buy an annuity from LIC or any other insurer. But note that annuities are taxable.

Please note that withdrawal after 3 years will attract taxes as it would be a premature withdrawal as the minimum tenure for a ULIP as specified by the IRDA is 5 years. Also the return shown by LIC market plus in the growth option over last one year period has been just 17% compounding your money at the same rate will yield you Rs. 16,000 and post deduction of charges it would be Rs.14,000

For over the years equities are known to outperform other investment avenues. But equity investment needs to be long term for you take advantage of the full benefit. Please invest in market plus if you are willing to hold it till the vesting period - this is not the instrument for short term investment.

This message was edited 1 time. Last update was at 07/10/2009 15:43:23

Please help

Abhaya,

You are right about LIC Market Plus being a Unit Linked Plan. Like other ULIPs, this plan also has some risks associated with it. Specifically, the type of risk will depend upon which fund you choose to invest in, i.e., is it a debt or an equity fund. If you choose an equity fund, please remember that it is best if you continue to remain invested in the equity funds for at least 3-5 years, because equities are a long-term investment.

My Friends say it is too risky to go for this at present day economic scenario. But some others say, this is the time to go for the long term investment. I don't know whom to follow. Can any one help me about LIC'S market plus-1 investment? Is there any other better plans to invest for long term?

Before buying any insurance or mutual fund you should be aware of your own financial situation. Its better that you do financial planning for yourself and then think of whether you should buy a particular product or not.
I have a financial plan prepared by itrust and they told me the exact insurance and investments that i should invest in. Try it its worth it.

HI
LET ME CLEAR YOUR QUERIES IN A SIMPLER WAY.

WHAT IS ULIP .
UNIT LINKED INSURANCE PLAN ,A COMBINATION OF MUTUAL FUND AND INSURANCE

MYTHS
AGENT SELL THIS PLAN AS IF ITS A MAGIC BOX WHICH DOUBLES YOUR MONEY IN 3 YRS

FACTS
MONEY IS INVESTED IN DIFFERENT FUNDS EQUITY AND DEBTS .GROWTH DEPENDS ON MARKET OR SO CALLED INDEX .

TO BE MORE CLEAR FIRST OF ALL YOU SHOULD DECIDE WHAT ARE YOUR NEEDS, WANTS AND DREAMS
SELECT HOW MUCH INSURANCE IS REQUIRED IF YOU ARE NOT ALIVE YOUR HUMAN LIFE VALUE.
LOOK AT THE CHARGES PAGE WHICH INCLUDE
ASSET ALLOCATION COST,MORTALITY COST,ADMINISTRATIVE COST ,FUND MANAGER COST .
DON'T RELY ON BENEFIT ILLUSTRATION FROM THE AGENT WHICH SHOWS U GROWTH AT 20 %.
WHAT ARE THE SURRENDER CHARGES AND TIME PERIOD .

HOPE IT WOULD HAVE CLEARED SOME DOUBTS IN YOUR MIND .

This message was edited 1 time. Last update was at 27/10/2009 10:45:29

SIR KISHOR

PLEASE MAKE A NOTE PAST RETURNS ARE NOT GUARANTEED.

HOWEVER FOR YOUR KNOWLEDGE PRODUCT BY SBI LIFE NAMED SMART UNIT PLUS HAS GIVEN 52.31% ABSOLUTE RETURN IN 6 MONTHS

radhikajain wrote:The agent told me money will double in three years.

lic market plus is best plan buy it with out risk cover
ask for charges sheet comes with propsal form
1yr charges 16% 2 yr onwards 2.5%
policy admin charge rs60 pm 2nd yr rs20 pm
fund charges from 0.5 to 0.8 %

till today market plus 1 return is nearly 18%
lic had collected 10thousand crore in this plan
plan may close on 31 oct2009

This message was edited 1 time. Last update was at 11/11/2009 08:57:31

Talk about doubling your investment choose. Life bond 5 from AVIVA. One of the most highest saleable plans with an option of Index fund (NIFTY). Current Status is 57% returns in one year in terms of NAV.

Hi everyone

Watching the past performance of LIC's ULIP'S you can say that you will get retuns, but its quiet obvious its at the customers risk but thats the reason we dont invest directly in the market and go through a big funding house.

For a long term investment ,this is one of the best plans out there ,I as an insurance agent myself have put in such a policy

Dinesh

gentlemen...

I am really surprised as to why people suggest endowment policies or ULIP..where the initial swallow your initial invesment...It is not worth it..!

Go for a pure term policy or if your health is good...go a for Personal Accident policy (Rs. 45 per lakh)..

Remember any other suggestion from brokers.....it is good ............for the brokers and not for you..!

hi
i m rupesh singh
tell me about market plus and pention plan with example and graph how increase our money after 10 yrs and 20 yrs
like 100000 after 10 yrs 5 lakh
after 20 yrs 20 lakh
or monthly 15000 life long etc.

plz tell this type example

Dear Madam !

Now days all products come under ulip- unit link policys / market links

so you should know for what your investing when you need money back all the details...

3/5 yers a short terms its can 2 times or less also pay for long term book your profit and do partial withdraels

This message was edited 1 time. Last update was at 14/04/2010 21:22:42

No way.. agent is making a fool of you. wuts the portfolio exposure???? LIC is debt oriented company, so your money is not going to double in 3 years.. thats for sure.

I would suggest you better go for plans which have low charges (policy allocation & admin).

Read Outlook Money (7th April edition) where top 10 ULIPs have been given. ACE of ICICI Pru. holds no. 1 position.

What are the add on charges (allocation charges, admin/office charges etc) for a single payment Market Plus I?

kishor5kude wrote:For long term Suitable.
As current NAV is Rs.14.33 that means there is increase of 40.33%.

i invested three lacs rupees(one lac per year for three years) in market plus policy of lic. After three years when locking period was over i surrender the policy and got Rs. 3.25 lac from lic. Is this amount is tax free? there was no inssurence covered in this policy.

This message was edited 1 time. Last update was at 03/09/2010 13:37:12

radhikajain wrote:The agent told me money will double in three years.

Radhika,

In Market Plus-I, one can make money double in 3-5 yrs if the policy holder is doing switching between funds at the appropriate time and if single premium option is chosen. In Single Premium Option Allocation charges are 3.3% and you can use Top Up facility to maximize your gain. If your agent is able to provide all that facilities to you, this is the best plan. But in comparison to other ULIPs in the industry, Market Plus-I is No.1.

This message was edited 1 time. Last update was at 09/09/2010 12:26:19

Hi,

Should I go for MarketPlus One time investment Plan ?

Is this plan going to affect the investment wat i am doing? Can Anybody Suggest me?

LIC Pension Plus

Should i buy apension plus

can i know about the total current value of my policy market plus by using polacy no

i want how much growth my money

market plus one year how much spend money

want to find the total amount after three years?

i deposit 25000 in market plus now what amount i recived

i have made good amount investment say 15 lacs plus in lic market plus 1 investment plan closed on 3.8.10 out of my retirement funds in a hurried manner. now what is the report about the plan. will it fetch me good return, awhat amount after how much tim

my primiyam pement haw mach pending plzzz telmi my nem kasarla manohar

Benefit on vesting - on your surviving to the date of vesting, the fund value of the units held in your unit account will compulsorily be utilized to provide a pension based on the then prevailing immediate annuity rates under the relevant annuity option. you may opt to commute up to one-third of the benefit to be paid as a lump sum. In other words you can withdraw upto one third of the total corpus tax-free. And with the balance amount you can choose to buy an annuity from LIC or any other insurer. But note that annuities are taxable.

Pension plus is new pension plan launched by LIC as per new IRDA guidelines. The plan is good and offers minimumgurantee of 3% and Maximum gurantee of 6%.It invests in two funds Mixed fund and Debt Fund.You can invest in this plan butyou will not be able to surrender this plan. You need to take pension from this plan

You need to contact your lic branch office and they would let you know status of your policy.Branch office details are printed on policy document.

Market plus is unit linked pension plan. It has given decent returns on past.Being a Unit linked plan future returns cannot be guranteed.

Market plus is unit linked pension plan. It has given decent returns on past.Being a Unit linked plan future returns cannot be guranteed.

Market plus is unit linked pension plan. It has given decent returns on past.Being a Unit linked plan future returns cannot be guranteed.

You need to contact your lic branch office and they would let you know status of your policy.Branch office details are printed on policy document.

Hi Radhika,

There is no guarantee that money would get double in Market Plus in 3 Years. It is expected to get double in 6-7 yeears.

I would suggest you to go for LIC Jeevan Saral policy.

If you would invest 1000/- per month then after 20 years you would get approx Rs 6,80,000/- (Six Lakh Eighty thousand).

For further details and consultation please contact me at +91-9910035458

Regards
Pradeep Jain

dhanyachandran251989@gmail.com wrote:want to find the total amount after three years?

I have taken lic market plus in 2007 March. at present I should keep it or quit

Kartik Varma wrote:Market plus is a unit linked deferred pension plan from life insurance corporation available with or without risk cover. You can choose from single premium or regular premium. Being a unit linked plan your premium will be applied to purchase units as per the fund type you choose from bond fund, secured fund, balanced fund, and growth fund.

You may choose to invest in any of these funds depending on your risk profile. the bond fund invests 100% in the debt market, while secured fund invests upto 85% in the debt market and a maximum of 35% in
equities.
The balanced fund invests upto 50% in debt and upto 50% in equities. Similarly the growth fund invests upto 40% in debt and upto 80% in equities. You can also enjoy tax benefits under section 80C of the income tax act.

The first year allocation charges are 16.50% and 2.50% from the second year onwards. apart from this there are other charges like policy maintenance charges and fund management charges which are also levied.

Benefit on vesting - on your surviving to the date of vesting, the fund value of the units held in your unit account will compulsorily be utilized to provide a pension based on the then prevailing immediate annuity rates under the relevant annuity option. you may opt to commute up to one-third of the benefit to be paid as a lump sum. In other words you can withdraw upto one third of the total corpus tax-free. And with the balance amount you can choose to buy an annuity from LIC or any other insurer. But note that annuities are taxable.

Please note that withdrawal after 3 years will attract taxes as it would be a premature withdrawal as the minimum tenure for a ULIP as specified by the IRDA is 5 years. Also the return shown by LIC market plus in the growth option over last one year period has been just 17% compounding your money at the same rate will yield you Rs. 16,000 and post deduction of charges it would be Rs.14,000

For over the years equities are known to outperform other investment avenues. But equity investment needs to be long term for you take advantage of the full benefit. Please invest in market plus if you are willing to hold it till the vesting period - this is not the instrument for short term investment.

Anonymous wrote:I have taken lic market plus in 2007 March. at present I should keep it or quit

market plus current rate

WHAT IS THE CURRENT RATE OF MARKET PLUS OF LIC

radhikajain wrote:The agent told me money will double in three years.

radhikajain wrote:The agent told me money will double in three years.

hemant.shringi wrote:
SIR KISHOR

PLEASE MAKE A NOTE PAST RETURNS ARE NOT GUARANTEED.

HOWEVER FOR YOUR KNOWLEDGE PRODUCT BY SBI LIFE NAMED SMART UNIT PLUS HAS GIVEN 52.31% ABSOLUTE RETURN IN 6 MONTHS

lic market plus
name gvm. suryateja
policy no. 284368732
what is the value of thispolicy today?

rpyadav87207@gmail.com wrote:i deposit 25000 in market plus now what amount i recived

I HAVE TAKEN LIC MARKET PLUS POLICY (GROWTH PLAN) MY POLICY NO IS 132656057

kindly let me know the status of foliono 577131129 of Dhruba Ghosh.

This message was edited 1 time. Last update was at 18/11/2010 08:35:29

I would be very careful about what the insurance agent tells you about aggressive guarantees like that . You would probably be better buying term life insurance and investing the rest in a mutual fund

vinod11053 wrote:i invested three lacs rupees(one lac per year for three years) in market plus policy of lic. After three years when locking period was over i surrender the policy and got Rs. 3.25 lac from lic. Is this amount is tax free? there was no inssurence covered in this policy.

Kartik Varma wrote:Market plus is a unit linked deferred pension plan from life insurance corporation available with or without risk cover. You can choose from single premium or regular premium. Being a unit linked plan your premium will be applied to purchase units as per the fund type you choose from bond fund, secured fund, balanced fund, and growth fund.

You may choose to invest in any of these funds depending on your risk profile. the bond fund invests 100% in the debt market, while secured fund invests upto 85% in the debt market and a maximum of 35% in
equities.
The balanced fund invests upto 50% in debt and upto 50% in equities. Similarly the growth fund invests upto 40% in debt and upto 80% in equities. You can also enjoy tax benefits under section 80C of the income tax act.

The first year allocation charges are 16.50% and 2.50% from the second year onwards. apart from this there are other charges like policy maintenance charges and fund management charges which are also levied.

Benefit on vesting - on your surviving to the date of vesting, the fund value of the units held in your unit account will compulsorily be utilized to provide a pension based on the then prevailing immediate annuity rates under the relevant annuity option. you may opt to commute up to one-third of the benefit to be paid as a lump sum. In other words you can withdraw upto one third of the total corpus tax-free. And with the balance amount you can choose to buy an annuity from LIC or any other insurer. But note that annuities are taxable.

Please note that withdrawal after 3 years will attract taxes as it would be a premature withdrawal as the minimum tenure for a ULIP as specified by the IRDA is 5 years. Also the return shown by LIC market plus in the growth option over last one year period has been just 17% compounding your money at the same rate will yield you Rs. 16,000 and post deduction of charges it would be Rs.14,000

For over the years equities are known to outperform other investment avenues. But equity investment needs to be long term for you take advantage of the full benefit. Please invest in market plus if you are willing to hold it till the vesting period - this is not the instrument for short term investment.

radhikajain wrote:The agent told me money will double in three years.

no it is not possible in this current senirio..

Anonymous wrote:I HAVE TAKEN LIC MARKET PLUS POLICY (GROWTH PLAN) MY POLICY NO IS 132656057

AbhayaSharma wrote:Please help

radhikajain wrote:The agent told me money will double in three years.

raoindu wrote:Hi,

Should I go for MarketPlus One time investment Plan ?

Is this plan going to affect the investment wat i am doing? Can Anybody Suggest me?

LIC Pension Plus

Anonymous wrote:

raoindu wrote:Hi,

Should I go for MarketPlus One time investment Plan ?

Is this plan going to affect the investment wat i am doing? Can Anybody Suggest me?

LIC Pension Plus

AbhayaSharma wrote:Please help

I have invested one lakh in LIC Market plus-I in the year 2009.
pl. let me know is it a good ploicy?
how much I will get after 10-years period.

pl. tell me.

radhikajain wrote:The agent told me money will double in three years.

[b][i][u]

Anonymous wrote:

radhikajain wrote:The agent told me money will double in three years.

my police no 723580859 pls send my policy account status details till date.

Hi,
please any one can help me about how to buy LIC market plus?

currently LIC market plus is avalable?

thx..
rk singh

i have invested 50.000 per annum for 3 years in market plus..what is the present value of my investment

[b][i][u]

radhikajain wrote:The agent told me money will double in three years.

radhikajain wrote:The agent told me money will double in three years.

raoindu wrote:Hi,

Should I go for MarketPlus One time investment Plan ?

Is this plan going to affect the investment wat i am doing? Can Anybody Suggest me?

LIC Pension Plus

I am a LIC holder of Market Plus I started from 2006 but it is not give satisfactory according said LIC agent holder . pls reply me now situation of Market Plus thru MYMail ; surya.ray84@gmail.com

radhikajain wrote:The agent told me money will double in three years.

Anonymous wrote:[b][i][u]

radhikajain wrote:The agent told me money will double in three years.

pls d't send any mails to my id regarding lic

I want my market policy's surrender value. policy no.717908396

AashishSuthar wrote:My Friends say it is too risky to go for this at present day economic scenario. But some others say, this is the time to go for the long term investment. I don't know whom to follow. Can any one help me about LIC'S market plus-1 investment? Is there any other better plans to invest for long term?

radhikajain wrote:The agent told me money will double in three years.

what is the present value of lic market plus?

Kartik Varma wrote:Market plus is a unit linked deferred pension plan from life insurance corporation available with or without risk cover. You can choose from single premium or regular premium. Being a unit linked plan your premium will be applied to purchase units as per the fund type you choose from bond fund, secured fund, balanced fund, and growth fund.

You may choose to invest in any of these funds depending on your risk profile. the bond fund invests 100% in the debt market, while secured fund invests upto 85% in the debt market and a maximum of 35% in
equities.
The balanced fund invests upto 50% in debt and upto 50% in equities. Similarly the growth fund invests upto 40% in debt and upto 80% in equities. You can also enjoy tax benefits under section 80C of the income tax act.

The first year allocation charges are 16.50% and 2.50% from the second year onwards. apart from this there are other charges like policy maintenance charges and fund management charges which are also levied.

Benefit on vesting - on your surviving to the date of vesting, the fund value of the units held in your unit account will compulsorily be utilized to provide a pension based on the then prevailing immediate annuity rates under the relevant annuity option. you may opt to commute up to one-third of the benefit to be paid as a lump sum. In other words you can withdraw upto one third of the total corpus tax-free. And with the balance amount you can choose to buy an annuity from LIC or any other insurer. But note that annuities are taxable.

Please note that withdrawal after 3 years will attract taxes as it would be a premature withdrawal as the minimum tenure for a ULIP as specified by the IRDA is 5 years. Also the return shown by LIC market plus in the growth option over last one year period has been just 17% compounding your money at the same rate will yield you Rs. 16,000 and post deduction of charges it would be Rs.14,000

For over the years equities are known to outperform other investment avenues. But equity investment needs to be long term for you take advantage of the full benefit. Please invest in market plus if you are willing to hold it till the vesting period - this is not the instrument for short term investment.

Anonymous wrote:I have invested one lakh in LIC Market plus-I in the year 2009.
pl. let me know is it a good ploicy?
how much I will get after 10-years period.

pl. tell me.

how compounding has been increased on market plus?

dnnapparao@gmail.com wrote:can i know about the total current value of my policy market plus by using polacy no

[b][i][u]

Kartik Varma wrote:Market plus is a unit linked deferred pension plan from life insurance corporation available with or without risk cover. You can choose from single premium or regular premium. Being a unit linked plan your premium will be applied to purchase units as per the fund type you choose from bond fund, secured fund, balanced fund, and growth fund.

You may choose to invest in any of these funds depending on your risk profile. the bond fund invests 100% in the debt market, while secured fund invests upto 85% in the debt market and a maximum of 35% in
equities.
The balanced fund invests upto 50% in debt and upto 50% in equities. Similarly the growth fund invests upto 40% in debt and upto 80% in equities. You can also enjoy tax benefits under section 80C of the income tax act.

The first year allocation charges are 16.50% and 2.50% from the second year onwards. apart from this there are other charges like policy maintenance charges and fund management charges which are also levied.

Benefit on vesting - on your surviving to the date of vesting, the fund value of the units held in your unit account will compulsorily be utilized to provide a pension based on the then prevailing immediate annuity rates under the relevant annuity option. you may opt to commute up to one-third of the benefit to be paid as a lump sum. In other words you can withdraw upto one third of the total corpus tax-free. And with the balance amount you can choose to buy an annuity from LIC or any other insurer. But note that annuities are taxable.

Please note that withdrawal after 3 years will attract taxes as it would be a premature withdrawal as the minimum tenure for a ULIP as specified by the IRDA is 5 years. Also the return shown by LIC market plus in the growth option over last one year period has been just 17% compounding your money at the same rate will yield you Rs. 16,000 and post deduction of charges it would be Rs.14,000

For over the years equities are known to outperform other investment avenues. But equity investment needs to be long term for you take advantage of the full benefit. Please invest in market plus if you are willing to hold it till the vesting period - this is not the instrument for short term investment.

Anonymous wrote:I have invested one lakh in LIC Market plus-I in the year 2009.
pl. let me know is it a good ploicy?
how much I will get after 10-years period.

pl. tell me.

522983110

dnnapparao@gmail.com wrote:can i know about the total current value of my policy market plus by using polacy no

dnnapparao@gmail.com wrote:can i know about the total current value of my policy market plus by using polacy no

I invest lic market plus 1lakh three complete then how much money now?

I invest lic market plus Rs.30,000 yearly & two premium paid after three year complete how much money we will get

radhikajain wrote:The agent told me money will double in three years.

NATENDRA NATH BHUIYA
P.W. ROADS QUARTER
QTR. NO-C/2, KACHARI ROAD STADIUM_PO DT BURDWAN 713101

I invested 20k in 2008. After 3 years, when market was high, i surrendered the policy and got 20.7k. Just 700 more for keeping 3 yrs!! i say dont invest in these policies where there is no gurantee of returns. The calculations will be very complex and you cant easily follow up also.. Chances are more you loose your principal amount also..

radhikajain wrote:The agent told me money will double in three years.

Dear All,
I deposited 150000 in LIC Market Plus 1, on 31/08/2010, now the fund value is 5% less what i invested, if i invested this money in simple Gold Coin, i should have received 19% growth as on today, befoe i invest money i made an analysis of nearly one month NAV, between this period i couldnot see any loss in the fund, but once the fund is closed it is giving a downward trend.

In my experience this is not a good investment, Gold is better

Fund Growth
Date Rate Deposit Value % of Growth
31-08-10 14.49875905 150000.00
12-05-11 13.7755000 142517.37 -5%

Thanks
Udayakumar

I am investing 30,000 yearly in Market plus-I policy since June 2008. I want to ask you should I continue my investment or should i quit.

Rajendra Mhaske
Pune.

my police no 588299038 i want to know my police total amount

i deposited 20,000 rupees in market plus hw much money i will get

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