It was on 9 February 2010, just the time when people would start working on saving on their taxes, that LIC has launched its much hyped ‘Wealth Plus’ Unit linked policy. Half of ill-informed people would have entered its plan by seeing its name ‘Wealth (Money)’ and ‘Plus’ (hey, more money); and not to forget, it’s coming from country’s favourite insurer, LIC.

It’s over a year now from its starting date and the state of its NAV doesn’t look nice. On 28 February 2011, the NAV is at 9.9610. Everything’s not lost yet, since this offers a ‘Guaranteed NAV’ value of at least Rs.10 per unit. If at the time of maturity, the NAV is over Rs.10, you’ll get that or if it doesn’t get over Rs.10 at all, you’ll at least get Rs.10 per unit.

### Not satisfied with Wealth Plus’ performance?

Well you can stay put in the policy in a hope that its NAV will go higher by years and continue paying premiums. Or, you can withdraw/ surrender your policy. Whether you want to withdraw or surrender your policy, this is only possible once the policy completes ‘3 years’ lock in period.

If you want, you can make a partial withdrawal after 3 years or completely surrender your policy. Your total number of units accumulated till date multiplied by the NAV as on surrender date is what you get.

**Note**: You can surrender the policy in the first 3 years too, but you’ll only get your funds after the policy completes 3 years.

**Advice**: It is a typical LIC stunt to introduce policies such as Wealth plus in the first quarter of a calendar year. This year, 2011, you have a policy called ‘Samridhi plus’, which is almost carbon copy of Wealth plus, only with few values changed. So think wisely, be an informed investor.

**Update**: As on 4 June 2013, its NAV is at 10.2963. It is among the weakest of the performers. Even pension plus, which is launched 7 months after Wealth Plus’ launch and with a profile of more secure (less risk) has a higher NAV of 12.7113 (the debt fund).

Dear Sir,

I have Wealth Plus Policy i want to Know the NAV & If i surrender how much money i will get Rs. 200000/- policy dt 22-02-2010

ple tell me

want to know about nav of wealth plus i have invested 100000

sir maine 2010 mein 80000 ka lic ka plan wealth plus liya tha kripaya ish samay ka surrendor value batayen

Dear sir

I have wealth plus policy no 66**46 for Rs.40.000 I want to know market value how much status my policy surrender.

You can easily know this if you register your policy at LIC site.

My Policy no.70**57 please let me know the NAV VALUE of my policy. Also want to know surrender value.

regards

N Suresh

I have wealth plus policy please tell what is the nav value and total amount now.

You can get the latest NAV from LIC site under plan nav section.

My policy no.16***08 start 17/03/2010 premium amount is 20000. What surrender & market value.

Have taken my LIC WEALTH PLUS POLICY in the year 2010 at a premium of Rs.20,000/- per annum and i had paid duly all the three years premium of Rs.20000/ from 2010 to 2013 as per period required by the policy terms, now i want to know how many units I am holding as on today and if i surrender the said units for redemption how much amount amount i will get as surrender value.

I’m not an agent or a DO of LIC, so I have no way to tell how many units you are holding. What I can suggest to you is to register your policy at LIC customer portal and see if the units are displayed there.

Since its 4 years that you have paid your premiums, you can very well surrender your policy. But, considering wealth plus isn’t doing that well and 12% of Rs.20000 in the first year (and 2.5% of Rs.20000 per year from there on) will be gone towards allocation charges. And there are other charges as well that will be deducted. So you might even get less than what you have contributed in 4 years.

Just give a call to LIC and you’ll know the exact situation.

I have a Wealth Plus Policy. I want to know the status of my policy and total details of my policy and now market value.

my policy no.49***41

I have a wealth plus policy. I invested Rs.50000 before three years. Whats the current value.

I have the Wealth Plus (LIC Fund on 10 May 2010 and Rs 20,000/- per year paid the premiums up to 10 May 2012). Now, the local Agent has advised to me regarding “No Benefit” in this scheme and you kindly withdraw and surrender as early as possible. So, I am requesting you that please suggest me for the same. And also brief me that how much received total amount on today (ie- 01 May 2013) if want to redemption.

Wealth plus is a ULIP and its performance depends on the market conditions. NO Good agent advises you to withdraw any policy in the middle. Most likely, he’ll suggest you to take another policy from him after you discontinue this policy. This is because agent’s only get commission for (for most policies) 3 years from the policy commissioning date.

If you haven’t paid your premiums since 2010, your policy is currently in lapsed state (unless you opted for a single premium policy) and you have to revive it by paying revival fee; which is recommended.

My policy no.94**360, may i know my policy status? what is the NAV value & how much amt till the date is it?

I have paid 2 premium installments of my wealth plus policy taken on dated 29-03-2010. I didn’t pay third premium amount (20K). Now lock in period of 3 years is over and I want to surrender my policy but when I asked to LIC agent he told me I will get only RS 31k as surrender value though I have invested 40k. I just want to know if there any surrender charges for LIC wealth plus policy.

There is no surrender charge but there will be many other charges in the first 1-2 years of the policy. For example, in the first year 12% of your premium will go towards ‘Allocation charges’. From the second year, this will be 2.5% of the premium. Similarly, there are Mortality charges (which depends on your age), Policy administration charges, Fund management charges, Guarantee charges etc.

Please get me the status of my policy; I have a wealth plus policy.

Please get me the status of my policy, I have a wealth plus policy No.49***73 date 29.3.2010 yearly Rs.25,000 X 3.

I have a wealth plus policy. I want to know about the present status of my policy. How can i do this & please give me advise what should i do with this policy.

First thing, you should register your policy at LIC website. Second, Wealth plus is doing just fine and you are advised to hold on to it.

I have a Wealth Plus Policy. I want to know the status of my policy and total details with market value.

I also have a wealth plus policy. I want to know the status of this policy at present.

I have a wealth plus policy. Now 60000 three years ago how much my value now. I want withdraw my amount how much money get back.

You need to visit the serving branch and say to them that you want to surrender the policy.

I WANT TO KNOW HOW MUCH I WILL GET FOR MY WEALTH PLUS POLICY OPENING 08-05-2010

JUST COMPLETED 3 YEARS. RS.25000 PER QUARTER. LAST 2 QUARTERS NOT DEPOSITED.

RS.250000 SO FAR DEPOSITED.

Dear Sir,

I have Wealth Plus Policy I want to Know the NAV & If i surrender how much money i will get Rs. 40000/- policy dt 12/3/2010.

The current NAV of wealth plus is 10.5231. Multiply this by the number of units you have. If you want to surrender, please wait atleast up to 3 years, that is till 12/3/2013.

I have purchase a policy of Wealth Plus. The total premium is Rs 100000/- one time. Please check and inform the current status of Policy.

I have wealthplus policy. I wish to know the current status of my policy including market value, NAV and also the surrender value of it. Policy no.976**120

I have bought your wealth plus unit linked insurance plan on 08-05-2010. I want to know how much of money will be earned from this fund by me by the end of 2015?

I have a Wealth Plus Policy. I want to know the status of my policy and market value.

I have a Wealth Plus Policy. I want to know the status of my policy and total details of my policy and now market value.

I want to know when I can withdraw the amount. My agent is not helping me at all.

I have a Wealth Plus Policy. I want to know the status of my policy and total details of my policy and now market value.

my policy no is 355036305

i am policy wealth plus 2010 premium amount 200000. now how to market. surrender better or later take better

I have a Wealth Plus Policy. I want to know the status of my policy and total details of my policy and now market value.

my policy no is 125503549

my wealth plus policy no 785007444 dt 05/03/2010.

now current value.

There is grace period for paid installment of ” WEALTH PLUS ” plan

my policy no.903727474, may i know my policy status? what is the NAV value & how much amt till the date is it?

I have a Wealth Plus Policy. I want to know the status of my policy and total details of my policy and now market value.

my policy no is 523089028

i have a Wealth Plus Policy. i want to know the status of my policy and total details of my policy and now market value.

my policy no is 153658598

I have a Wealth Plus Policy. I want to know the status of my policy and total details of my policy and now market value.

I want know about my policy wealth plus send details and current value of this policy my email

i have a Wealth Plus Policy. i want to know the status of my policy and total details of my policy and now market value.

my policy no is 655628990

I think this article is a bit misleading or maybe I have missed some point somewhere. As per the policy and the guidelines of Wealth Plus, the insured will get the highest NAV in the period of 7 years. On 05 November 2010, Wealth Plus NAV had touched at around 11.052. So this NAV is already guranteed for you. Now assumingly if the NAV does not exceed this number in next 7 years, you will get a compounded interest of 11.052% on your principal amount.. So you can imagine that your money has already doubled…

Misleading? may be not. But you are right. You get the highest of the NAV (over 7 years) as the unit price at the time of policy maturity.

You are wrong. Any person will not get a compound interest of 11.052% rather this value will be multiplied with the number of units present which will be decreasing day by day due to the charges. Therefore if this NAV remains as the highest NAV, then everybody will return less amount than what they have invested.

You are right with the first part but wrong with the ‘decreasing units’ part. It’s actually the opposite. The charges normally reduce as years progress. So you get more units every year for the same invested amount.

i want to know current nav of wealth plus policy

Dear Sir,

I have Wealth Plus Policy i want to Know the NAV & If i surrender how much money i will get Rs. 40000/- policy dt 22-02-2010

i wants to know my lic’s profit plus policy no 571862516. what is the NAV value & how much amount at present now. so also my minor daughter’s profit plus policy No- 571903660.

Respected sir,

i was started money plus policy as on 26 march 2007 premium amount is 20000. if i surrender my policy . how much get market value.