Robinson John
(LIC Advisor)
LIC's New Endowment Plan (814)
Overview
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.
Benefits
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
Rules
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
Address: 1434 C / 13, Govindpuri, Kalkaji, New Delhi. Pin - 110 019
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.
Website development for Mr. Robinson John by Arnold Milton