How to Calculate LIC Market Plus Units Allocated and Returns

How to Calculate LIC Market Plus Returns

If you have invested in a market linked plan of LIC  then you would want to know how well those funds have performed. Here is  how to do

LIC Market Plus Number Of Units Allocated :

Step 1. Suppose You are 35 years old and have invested Rs 50,000 on 5/7/2006 in Growth fund i.e equity option as a  premium in the policy for 10 years then that amount minus the charges is invested in the policy at the NAV date of your premium

Step 2.  NAV of the fund on that day would have been Rs 10
Step 3. Amount actually invested by you would be Rs 41,690 (Rs 50,000 - premium allocation charge-Policy administration charge)  assuming that you have not taken any life cover (based on the charges shown below)
Step 4. Number of Units allocated to you would be 4169 (41690/10)
Step 5: To find your own units you must register on LIC site and enroll your policy in your account and you will be shown number of units.

LIC Market Plus Charges:

Premium Allocation Charge:

Premium Band (per annum)	Allocation charge
	First Year	Thereafter
5,000 to 75,000	16.50%	2.50%
75,001 to 1,50,000	15.75%	2.50%
1,50,001 to 3,00,000	15.00%	2.50%
3,00,001 to 5,00,000	14.25%	2.50%
5,00,001 and above	13.50%	2.50%

Policy Administration Charge: Rs. 60/- per month during the first policy year and Rs. 20/- per month thereafter, throughout the term of the policy.
Mortality Charges: The charges per Rs. 1000/- life insurance cover for some of the ages in respect of a healthy life are as under:

Age	25	35	45	55
Rs.	1.42	1.73	3.89	10.76

Fund Management Charge –It is a charge levied as a percentage of the value of units at following rates and is included in NAV calculation

1. 0.50% p.a. of Unit Fund for “Bond” Fund 
2. 0.60% p.a. of Unit Fund for “Secured” Fund
3.  0.70% p.a. of Unit Fund for “Balanced” Fund 
4. 0.80% p.a. of Unit Fund for “Growth” Fund

LIC Market Plus Returns

To find  the return of LIC Market Plus Policy you should know the number of units allocated to you

Current status of your LIC Market Plus Policy will be  : Number of Units * Today's NAV.

today's NAV of LIC market Plus is Rs 15.999 after a period of 6 years 9 Months and 30 days.

In our case this amount will be approximately Rs 64,600.

LIC Market Plus Annualized rate of return will 3.821%