Robinson John
(LIC Advisor)  

LIC's New Endowment Plan (814)

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LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.


Income Tax Benefit
Premium paid under this plan is eligible for TAX rebate under section 80c
Maturity under this plan is free under sec 10(10D)
On Survival
On survival: Basic Sum Assured + Vested Bonus + FAB if any
On Death
Sum Assured + Vested Bonus + FAB if any
Sum Assured on Death defined as the higher of : (a) 10 times of Anualized Premium, OR (b) 105% of all Premiums paid as on death


Policy Term  12 to 35 years 
Minimum Basic Sum Assured  Rs. 1,00,000/- 
Maximum Basic Sum Assured  No Limit 
Minimum Policy Term  12 years 
Maximum Policy Term  35 years 
Minimum Entry Age  8 years (completed) 
Maximum Entry Age  55 years (nearer birthday) 
Maximum Age at Maturity for Life Assured  75 years 
Mode of Premium Payment  Yearly, Half-yearly, Quarterly & Monthly 
Accidental Death & Disability Benefit Rider  available on payment of additional premium 
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Insurance is the subject matter of the solicitation. This website contains only an indication of policy cover described in it. Any information can get changed any time without any prior notice. Please read LIC's official sales brochure carefully before concluding a sale. This is not the official website of L.I.C. of India.
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