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What is the value of unit in rupees under the Money Plus Policy of LIC?

Date: 02 May 2013   Posted By: Sukhdev Singh     Group: Finance and Investments    Category: Insurance   

We had taken a Money Plus Plan 180 policy for our daughters on March 26, 2007. We have contributed Rs.60,000 as premium for six years so far @Rs.10,000 p.a. As per Insurance Regulatory and Development Authority circular of July 29, 2011, the LIC has sent a half yearly Unit Account Statement for the period Oct 12 to March 13. This statement shows opening balance of units as on 1.11.12 as 5176.863 units and closing balance as on 31.3.13 as 5962.336 units. Can any expert tell how much amount it will be in monetary terms?

Have you got a LIC Money Plus Policy? Get free information here on the monetary value of your your LIC Money Plus Policy units.

Author: Ashok Goyal    05 May 2013      Member Level: Gold     Points : 2    Voting Score: 0

Net Asset Value popularly known as NAV is announced by LIC all unit based policies on their website and you can check the NAV per unit, announced on the LIC website, which keeps on changing and is not fixed.

Author: Kokil Kumar Sarma    17 May 2013      Member Level: Gold     Points : 5  (Rs 3)    Voting Score: 0

Under the LIC Money Plus plan, table no-180, there are four different funds available namely balanced, bond growth and secured. Please check the type of your Money Plus plan. After identifying it, please visit the LIC official website where you will get the latest updated NAV price of all these four funds under Money Plus plan. Multiply the total units available in your plan with the latest NAV price of that particular fund. This will be the fund value of your plan.

As on 16 May 2013, the NAV price of all the 4 funds of the LIC Money Plus plan are given below :

Balanced : 15.2917
Bond : 16.6316
Growth : 12.8611
Secured : 15.8056

So just check and multiply the NAV price with your total units.

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