New Endowment (914)


Product Summary:
New Endowment (Table No: 814) of LIC, is a basic Life Insurance plan which provides adequate life cover during policy’s term and on maturity, this plan provides a healthy amount which can be used to fulfill financial requirements like children’s higher education and marriage. This plan may be recommended for everyone because of following reasons.

• A sound combination of Life insurance and investment.
• Low premium in comparison other plan in this category.
• Eligible for bonus and Final Addition bonus declared by LIC.
• Comparatively Higher Bonus
• Double Accidental benefit with rider.
• Tax saving on premium paid.
• Tax Free maturity amount.

Plan Parameters

Age of Entry
8 to 55 years
Premium Paying Mode
Yearly, Half Yearly, Quarterly, Monthly (ECS Only)
Policy Term

12 to 35 YearsBasic Sum Assured 100000 and above ( in multiples of 5000)Policy Revival within 2 year Higher Sum Assured Rebate 2% on 2,00,000 to 4,95,000 of Sum Assured3% on 5,00,000 and above Sum AssuredLoan After 2 yearsSurrender After 2 years of full premium payment

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