LIC FLEXI PLUS Policy No 811
It has been decided to introduce LIC’s Flexi Plus (Plan No.811) with effect from 2nd January, 2013. The Unique Identification Number (UIN) for LIC’s Flexi Plus plan is 512L272V01.This number has to be quoted in all relevant documents furnished to the policyholders and other users (public, distribution channels).
LIC’s Flexi Plus is a unit linked assurance plan, which not only provides a lump sum benefit on death but also the maturity benefit irrespective of the survival of the Policyholder. The policyholder can choose the amount of premium he/she desires to pay, depending on which policyholder will get the equivalent level of cover. Each premium paid by the Policyholder shall be subject to Premium Allocation charge as per details specified in Para 3.I) of this circular. The allocated premium will be utilized to purchase units as per the selected fund type. The Policyholder’s Fund Value will be subject to deduction of charges specified in Para 3 of this circular. Units will be allotted and cancelled based on the Net Asset Value (NAV) of the respective fund applicable to the date of allotment / cancellation. There is no Bid-Offer spread (both the Bid price and Offer price of units will be equal to NAV). The NAV will be computed on daily basis and will be based on the investment performance and Fund Management Charges (FMC) of each fund type. Other details of this plan are as follows.
INVESTMENT FUND TYPES:
Unit Fund: The premiums allocated to purchase units will be invested according to the investment pattern prescribed for different fund types.
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