LIC's NEW ENDOWMENT PLAN – Plan no-814

LIC's NEW ENDOWMENT PLAN – Plan no-814

1. Prospects between the age of 8 years to 55 years can be insured.
2. Higher risk cover for low premium.
3. Policy term ranging from 12 to 35 years available.
4. Maximum age at maturity is 75 Years.
5. Minimum sum assured is Rs.1 lac and there is no limit for the maximum sum assured.
6. Loan facility available after 3 years.
7. Income tax benefit available u/s 80C and Maturity Benefits are tax free.
Maturity Benefits:
On maturity Sum assured along with Bonus and Final Additional Bonus(if any) will be
paid.

 

Death Benefits:

"Sum assured on death” along with vested bonus and final additional bonus(if any) will be
paid.
Sum assured on death shall be the higher of (1) Basic sum assured (2) 10 times the
Annualised Premium (3) 105% of the premiums paid as on the date of death.
Accident and Disability Benefit rider:

Available for persons aged between 18 to 55 years on payment of RS.1‰ SA for a
maximum amount of Rs.50 lac. A new concept of activity of daily living to define disability
introduced.

 

Plan Parameters:

 

Note:

LIC introduced few more Plans fore details check the below link

LIC's NEW ENDOWMENT PLAN – Plan no-814
LIC's NEW JEEVAN ANAND PLAN – Plan no-815
LIC's NEW BIMA BACHAT PLAN – Plan no-816
LIC's SINGLE PREMIUM ENDOWMENT PLAN – Plan no-817
LIC's NEW MONEY BACK PLAN – Plan no-820
LIC's NEW MONEY BACK PLAN – Plan no-821