LIC New Endowment Plan

Classic savings + protection plan with bonuses and a guaranteed maturity lump sum.

About this plan

() (A Par, Non-Linked, Life, Individual Savings Plan) LIC's New Endowment Plan is a Par, Non-Linked, Life, Individual, Savings 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 lump sum amount at the time of maturity for the surviving policyholders. This Plan can be purchased Offline through Licensed agents, Corporate agents, Brokers and Insurance Marketing Firms.

Key features

✓The plan provides for protection and savings.
✓Flexibility to - Choose the premium payment frequency as per convenience. - Choose the period for which protection is required. - Opt for payment of benefit in instalments.
✓Option to enhance coverage by opting for Rider

Plan chart — eligibility

Minimum Age at entry

8 years (completed)

Maximum Age at entry

50 years (nearer birthday)

Minimum Maturity Age

20 years (completed)

Maximum Maturity Age

75 years (nearer birthday)

Minimum Policy Term

12 years

Maximum Policy Term

35 years

Minimum Basic Sum Assured

` 200,000

Maximum Basic Sum Assured

No Limit The Basic Sum Assured shall be in multiple of amounts specified below: Basic Sum Assured Range Sum Assured Multiple From ` 2,00,000/- to ` 4,50,000/- ` 5,000/- Above `…

Figures are indicative and summarised from the official LIC brochure. Please refer to the PDF or contact us for exact, up-to-date terms.

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