LIC Wealth Plus units allocation

POSTED BY Ramesh ON September 28, 2010 10:25 am COMMENTS (3)

I have invested in LIC Wealth Plus recently.

I would like to know the difference between single premium and 3 years premium other than the allocation charges. During the plan starting, each unit value is 10 rupees for both single premium and 3 years premium.

Will they allot the same 10 rupee per unit during the 2nd and 3rd year premium? or will they allot units depending on the NAV that year?

What else are the differences in choosing single and 3 years premium?

3 replies on this article “LIC Wealth Plus units allocation”

  1. Ramesh says:
    October 1, 2010 at 10:24 am

    My question got answered in another site and I am posting it here..

    There is no major difference. When you pay 2nd and 3rd years premium you may not get units @ 10. It will depend on current NAV on that day when you pay premium.

    Reply
  2. Ramesh says:
    September 29, 2010 at 8:27 am

    Hi Hemant,
    Thanks for your reply, But it dint answer my question.

    Regards,
    Ramesh

    Reply
  3. Hemant B says:
    September 28, 2010 at 10:46 am

    Review of LIC’s Wealth Plus & How Agents are Misselling it
    https://www.jagoinvestor.com/2010/03/review-of-lics-wealth-plus-how-agents-are-miselling-it.html

    Reply

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