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Plan :New Endowment (914)
Plan :New Endowment (914)
Product Summary :
Product Summary :
LIC’s New Endowment Plan (914) 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.
Premium Payment Mode:
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
Term :
12 to 35 years
Minimum Entry Age :
Minimum Entry Age :
8 Year Completed
Maximum Entry Age :
Maximum Entry Age :
55 Year (Nearest Birthday)
Maximum Maturity Age :
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
Minimum Sum Assured :
Rs. 1,00,000
Maximum Sum Assured :
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
Policy Benefits :
On Death :
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.
On Survival :
On Survival :
On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value :
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 :
Loan Facility is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefit :
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).
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