How can I know my LIC Market Plus value?

Your Branch: Your Branch will be able to tell you the exact value of your policy. Please contact your nearest LIC Branch. Your Agent: Your agent has all the information about your policy, consider contacting them. Customer Care: Call LIC Customer care and ask about your policy NAV and current value.

How do I surrender my LIC Market Plus One policy?

Investment Fund Type in LIC Market Plus

After the completion of the 3rd policy year, the insured person can surrender the policy. The surrender value given to the policyholder is the fund value on the date of giving up.

What is secured fund in LIC?

Returns (as on Feb-04-2022)
Period Absolute (%) Annualised (%)
1 year 6.7 6.7
2 year 22.6 10.7
3 year 35.1 10.6
5 year 44.9 7.7

What is LIC future Plus?

Policyholders of LIC Future Plus are entitled to receive the pension calculated from the annuity. … In that case, he will be eligible to receive the amount in lump-sum upon maturity, and the pension amount will be reduced proportionately. Otherwise, the sum assured is released as a pension.

What is LIC Profit Plus policy?

The LIC Profit Plus plan is a unit linked endowment plan under which the policyholder has the option to make a single payment in the form of a lump sum towards his or her premium or choose to make premium payments in a uniform manner over a period of 3 years, 4 years or 5 years.

Is surrender of LIC policy taxable?

As per Section 10(10D) of the Income Tax Act, 1961 the amount of sum assured plus any bonus (i.e. the policy proceeds) paid on maturity or surrender of policy or on death of the insured are completely tax free for the receiver subject to certain conditions.