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 |
Loan |
After 3 years |
Surrender |
After 3 years of full premium payment |