## How can I know my LIC Market Plus value?

Policy Number. Once you know the units, visit LIC NAV page at www.licindia.in and locate the policy NAV….

- Now we need to check today’s NAV.
- At the time of writing Market Plus, 1’s NAV was Rs.23/unit (As of 8th August 2017)
- Hence Current Cash value: 50000 x 23= 1150000.

## What is the NAV of LIC Market Plus 1?

Funds Name | Nav(Rs) as on 04 May 2022 | 1 yr (%) |
---|---|---|

LIC Market Plus Balanced Fund | 40.4474 INR as on 04 May 2022 | 8.23% |

LIC Market Plus Bond Fund | 36.3296 INR as on 04 May 2022 | 2.87% |

LIC Market Plus Growth Fund | 25.8999 INR as on 04 May 2022 | 12.61% |

LIC Market Plus Secured Fund | 41.2411 INR as on 04 May 2022 | 3.24% |

**What is the surrender value of 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.

**Is Surrender value of LIC Market Plus policy taxable?**

It will be taxed as per the applicable tax slab rate of the individual,” said Sujit Bangar, Founder, Taxbuddy.com. For example, if the surrender value of ULIP is Rs 5,00,000 and taxable income is Rs 10,00,000, the total income will be Rs 15 lakh and the entire income will be taxed as per slab rate.

### What is LIC fund value?

The total monetary worth of the units owned by the policyholder is termed as fund value. You can calculate the fund value on a particular day by multiplying the net asset value (NAV) of each unit on that particular day by the number of units held. The fund value keeps changing basis the NAV.

### What is NAV Jeevan?

LIC’s Navjeevan Plan is a simple endowment plan in which you pay premiums for a limited period and you will receive a lumpsum amount at the end of the policy term. This is a traditional endowment insurance policy. Launch Date. 18th March, 2019. Plan Details.

**How can I check my ULIP fund value?**

How to calculate returns from a ULIP

- Subtract initial NAV from current NAV.
- Divide the value by the initial NAV.
- Multiply the figure obtained in step 2 with 100 to get a percent value.

**How much money will I get if I surrender my LIC policy after 10 years?**

Special Surrender Value: 80% of Maturity Sum Assured if 3 or more years’ but less than 4 years’ premiums have been paid; 90% of the Maturity Sum Assured, if 4 or more years’ but less than 5 years’ premiums have been paid and 100% of the Maturity Sum Assured, if 5 or more years’ premiums have been paid.

## What is LIC Market Plus?

LIC Market Plus I is a unit linked deferred pension plan that is available with or without the option of Life cover. The plan offers added benefits of being able to choose the level of cover within limits of the policy that are dependent on payment mode of premiums and the value of premiums paid.