L.I.C Market Plus 1 terms and conditions revised

lic market plus 1 (plan no 191)

The latest news is that the Market Plus 1 (191) Plan from L.I.C has been re modified and is available for purchase for a limited period. However the period for which the plan would be available cannot be predicted.

With reference from 1 Jan 2010 the plan is available for the general public with the follow conditions:

  1. Minimum Term of 10 years.
  2. Minimum Single Premium Rs 40,000.
  3. Minimum Yearly Premium Rs 15,000.

These changes were done as per the new guidelines laid by I.R.D.A in regards with U.L.I.P Plans. For more details please read our previous post at http://www.punitshet.com/lic-unit-linked-insurance-plans-for-minimum-10-years-henceforth/

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12 Comments on “L.I.C Market Plus 1 terms and conditions revised”

  • PURAN CHANDRA wrote on 16 January, 2010, 8:25

    i know about market plus polocy that how we invest our money after get money if we have money back polocy and i get money after every 5 years

  • Punit wrote on 16 January, 2010, 16:37

    @puran chandra

    Thanks for your valuable comment.

    Hope you will excuse me, but could not get what you actually wanted to say.
    Would be thankful if you could elaborate it a bit.

  • pankaj wrote on 17 March, 2010, 17:04

    I need to invest around 1lac. can u suggest if this policy is good. Can u please mail me the banefits of this policy, How much shall be insurance cover if i invest 1 lac single premium or 50000 per annum

  • Punit wrote on 18 March, 2010, 10:27

    @ Pankaj

    Market Plus 1 is certainly a very good policy and has shown very good growth rate till date. You can check out the details of the policy here http://www.punitshet.com/l-i-c-market-plus-1-plan-no-191/

    You can also check out the latest policy launched by L.I.C which gives the Guarantee of Highest NAV ie Wealth Plus. Even that is doing good. You can check out the details here http://www.punitshet.com/lic-launches-wealth-plus-plan-no-801/

  • papathi wrote on 8 May, 2010, 15:38

    i want to know about my police status. my policy number is 703640183 and 703640476

  • Mrs.Rama wrote on 3 June, 2010, 9:37

    I have invested 20 lakh ( 5 lakh in jul 2008 and 15 lakh in jul 2009, so i wanted to know that after how many year i can withdral full amount if i want

  • nandkishor g bhirange wrote on 23 June, 2010, 13:20

    please tell me that if i invest 2000 rs per month for 16 year in market pluse one pension policy(without insurance)then how much i get aftar 25% sale aftar 16 year how much i get pension per month & how much getting nominy aftar death

  • pradeep wrote on 30 June, 2010, 5:45

    i purchase market plus 1 plan , monthly primium Rs. 2000/- for 30 Yrs If i Want a lumsum amount after maturity can i get ? if not then what can i do for getting a lumsum amount .

  • Manjunath HN wrote on 9 September, 2010, 10:15

    Hi Punit, I just want a few details about Market PLus 1. I had invested 35K in Market Plus 1. I had told the agent that i’ll be investing only 1 (Single Premium). It was in Oct 2008. Now recently when i checked the policy, the mode of payment is Yly. And the address mentioned in the policy is of the agent. Can you pleas elet me know what can be done and the also the returns that i’ll be getting after 3yrs.

    Thanks, Manjunath HN

  • Pushpendra wrote on 13 September, 2010, 11:24

    Hi Punit,
    Do you know the email address where i can send a complaint mail to LIC market plus policy.This is really a big mistake i did after by this policy. thanks Pushpendra

  • S.MANICKAM. wrote on 11 January, 2011, 8:26

    I WANT TO KNOW MY POLICY STATUS.
    MARKET PLUS-I
    TABLE NO.191
    POLICY.NO.704450106
    DT. 27-08-2009

  • nixon alick fernandes wrote on 30 October, 2011, 2:08

    i want to know my policy value and status .please sand me mail

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