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Thread: Switching LIC Market Plus 1

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  1. #1
    PolicyWala Member
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    LIC Market Plus 1 plan allows you to switch from one type of fund to another upto four times a year, free of charge. You can do it yourself by login to LIC website - licindia.in.

  2. #2
    Moderator CONFUSED's Avatar
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    Just to add -
    Switching Charge - This is the charge levied on switching of monies from one fund to another. Within a given policy year 4 switches will be allowed free of charge. Subsequent switches in that year shall be subject to a switching charge of Rs. 100 per switch.
    Rules/Guidelines at PolicyWala | Help Old People |
    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.

  3. #3
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    Quote Originally Posted by koolz View Post
    LIC Market Plus 1 plan allows you to switch from one type of fund to another upto four times a year, free of charge. You can do it yourself by login to LIC website - licindia.in.
    Dear Koolz,

    I didn't find any link for switching in licindia.in. Could you kindly re confirm that LIC is providing online switching facility?

    Thanks and Regards,
    Joby

  4. #4
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    Quote Originally Posted by jobyvjohn200 View Post
    Dear Koolz,

    I didn't find any link for switching in licindia.in. Could you kindly re confirm that LIC is providing online switching facility?

    Thanks and Regards,
    Joby
    You need to register yourself on the licindia.in website and add your policies after registration. If face any issues call customer care of LIC.

  5. #5
    PolicyWala Newbie
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    Koolz...,

    I am using LIC's online portal for all my policy premium payment and other services. But I didn't see any link for switching between the funds. Are you sure this facility is available with LIC website?

    Regards,
    Joby

  6. #6
    PolicyWala Newbie
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    Quote Originally Posted by koolz View Post
    You need to register yourself on the licindia.in website and add your policies after registration. If face any issues call customer care of LIC.
    I am registered with LIC website and I am using it for paying my premiums. But I didn't find any switching facility there.

    Regards,
    Joby

  7. #7
    Moderator CONFUSED's Avatar
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    Please contact LIC Customer care - they are the best person to solve your problem.
    Rules/Guidelines at PolicyWala | Help Old People |
    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.

  8. #8
    PolicyWala Newbie
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    Hello,

    It is very simple.. We have to write a request on plain white paper with all the details like policy number, policy holder name, desired fund etc and handover to nearest LIC office. Any one can give it to the office. So NRI can ask some one in India to hand over the request. So it become very simple.

    Thanks for all reply..

    Regards,
    Joby

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