LIC offers you a complete retirement solution in form of LIC NAV market plus. LIC NAV market plus is a pension cum investment plan. LIC NAV market plus 181 was launched in 2006 for insurance and investment benefits. In 2008 LIC launched LIC NAV market plus 191. Policy holders have been benefited by this plan. Under LIC NAV market plus they can invest in growth, balanced, and secured fund. Indians with 18 to 70 years of age and minimum investment of 5000 in an annum can choose LIC NAV market plus 181. Enhanced option under LIC NAV market plus 191 from plan no. 181 was investment option in equity market as well. Same as 181 after accumulation of premiums by LIC NAV market plus 191 you will get your pension.
Typical market LIC NAV market plus 181 plan were Indians interested in capital market appreciation benefits. Initial NAV was kept just 10 rupees. Fund collected by LIC NAV market plus 181 as your premium was used by LIC for paying you your pension. It can help you in your last days. Some grand parents and even parents have financial problems after retirements. But to help you after retirement when no body is ready to help you is LIC NAV market plus 181. Since its inception LIC NAV market plus has enjoyed many policy holders.
LIC NAV market plus plan is very important for employees of private sector. If you are working in private companies you get lots of money in hand during your term at company, but once you can't work any more you are useless. You will not get pension from private sector. Private companies want work and pay you for work. Under such situation LIC NAV market plus is mandatory. Illness benefits, unfortunate death, and accidents benefits are key benefits that were added in LIC NAV market plus 191. If premiums have been paid for three years policy holders can get a certain lump sum amount as pension, this benefit is best provided by LIC NAV market plus 191. You can know current NAV of this plan over official website of LIC India.