LIC New Endowment Plan
Category
: Life Insurance
Company
: LIC
Eligibility
: February 15, 2025
Rating
:
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Product Summary : LIC New Endowment Plan (714)
New Endowment Plan (714) is a regular premium, non-linked, with profits Endowment Plan.
Premium Payment Mode:
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Yearly
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Half Yearly
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Quarterly
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Monthly (ECS)
Terms:
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12 Year
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21 Year
-
35 Year
Income Tax Benefit:
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Premium paid under this plan is eligible for TAX rebate under section 80c.
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Maturity under this plan is free under sec 10(10D).
Minimum Entry Age :
8 Year Completed
Maximum Entry Age :
50 Year (Nearest Birthday)
Minimum Sum Assured :
2,00,000
Maximum Maturity Age :
75 Year
Maximum Sum Assured :
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NO LIMIT (Depending upon Income)
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Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits On Death :
Provided all due premiums have been paid, the following death benefit shall be paid:
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On Death : Sum Assured + Vested Bonus + FAB if any.,OR 7 times of Annualized Premium, OR 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.
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On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least 2 full years premiums have been paid.
Loan :
Loan Facility is available under this plan, after payment of premiums for at least 2 full years.
Proposal Form :
300/340/360 shall be used under this plan.
Concloution :
This project involves comprehensive audits, competitor analysis, and ongoing performance tracking, ensuring consistent improvements and measurable results.
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast