LIC launches Samridhi Plus under Ulip portfolio

Mumbai, Feb 25 (PTI) Life Insurance Corporation of Indiatoday launched ''Samridhi Plus'' under its unit linked portfoliooffering insurance protection, safety and growth.

Samridhi Plus safeguards policyholders'' investment frommarket fluctuations, LIC said in a statement here.

Accident benefit option is also available under this planthat will be equal to the life cover up to a maximum of Rs 50lakh, subject to certain conditions.

The policy term for the plan is fixed for 10 years, itsaid.

The minimum age at entry level for Samridhi Plus is 8years while the maximum age is 65 years.

The minimum premium ranges from Rs 1500 (monthly - ECS)to Rs 30,000 (single premium) depending on the mode of paymentwhile the maximum is Rs 1 lakh per annum under any mode forthe 5 year premium paying term.