LIC's New Endowment Plan (TABLE NO 814) Details

LIC NEW ENDOWMENT PLAN, is an essential Life Insurance Plan which gives sufficient life cover in the policy's term , This arrangement gives a solid sum which can be utilized to satisfy money related necessities like kids' advanced education and marriage. This arrangement might be prescribed for everybody as a result of following reasons.

 

WHY CHOOSE THIS PLAN :

•             An adequate amalgamation of Life insurance and investment.

•             Low premium in when compared with other plans in this classification.

•             Eligible for reward and Final Addition bonus proclaimed by LIC.

•             Higher Bonus when compared to others.

•             Double Accidental advantage with rider.

•             Tax savings is eligible on the premium paid.

•             Tax Free maturity sum.

•             Calculate all Benefits for Your  Plan Parameters9

 

BENEFITS OF PLAN :

ON DEATH : On death of insured  , during the policy term  nominee will get ,sum assured on death ,vested simple reversionary bonuses and final additional bonuses ,if any , shall be payable .Where sum assured on death is higher of basic sum assured or 10 times of annualized premium.

ON MATURITY : On survival of the policy , sum assured along with vested simple reversionary bonuses and final additional bonus , if any , shall be payable.


PLAN PARAMETERS

Age of Entry

8 to 55 years

Premium Paying Mode

Yearly, Half Yearly, Quarterly, Monthly (ECS Only)

Policy Term

12 to 35 Years

Basic Sum Assured

100000 and above ( in multiples of 5000)

Policy Revival

within 2 year

Mode Rebate

2% on yearly, 1% on Half Yearly, Nil on Quarterly

Higher Sum Assured Rebate

0% on 0 to 1,95,000 of Sum Assured
2% on 2,00,000 to 4,95,000 of Sum Assured
3% on 5,00,000 and above Sum Assured

Loan

After 3 years

Surrender

After 3 years of full premium payment


 

 

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