LIC Endowment Plus is a ULIP plan Launched by Life Insurance Corporation of India. This is a Investment and Insurance plan. Most people read about the share market trend and plan to invest. Endowment plans give such people an opportunity to invest in market and at the same time insure themselves for certain period. If the Life Insured dies within the policy tenure, the nominee would receive the Sum Assured or the Fund Value, whichever is higher. Different benefits offered by Endowment Plus are: Death benefit: the policy holder, nominee will receive Fund value or Sum Assured whichever is higher. Maturity benefit: policy holder will receive the amount as per fund value. Accident benefit option: you may opt for Accident Benefit equal to the amount of life cover subject to minimum of Rs. 25,000 and maximum sum assured of Rs. 50,00,00 taking all existing policies of the Life Assured with the Corporation. In case of death due to an accident, an additional sum equal to Accident Benefit Sum Assured shall be payable. Investment of funds: At any point of time endowment policy offers four kinds of funds to invest in. Funds range from conservative to aggressive, mostly for long run…