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 ParametersAge 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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