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Plan No. 914Endowment
LIC's New Endowment Plan
"A reliable way to save and protect."
A basic, participating non-linked endowment plan offering protection and savings.
Key Features
- ✓Simple and flexible endowment policy.
- ✓Participates in profits via bonuses.
Eligibility Criteria
Minimum Age8 Years
Maximum Age55 Years
Minimum Term12 Years
Maximum Term35 Years
Min Sum Assured₹ 1,00,000
Max Sum AssuredNo Limit
Plan Benefits
Death Benefit
Basic Sum Assured + Vested Bonuses.
Survival Benefit
N/A
Maturity Benefit
Basic Sum Assured + Vested Bonuses.
Real-World Example
Profile25-Year-Old Male
Sum Assured₹ 5,00,000
Term Details20 Years
Annual Premium₹ 25,000 / Year
Expected ReturnsMaturity of ₹ 9,50,000
How it Works
A simple savings tool. He pays ₹ 25k yearly for 20 years. At age 45, he gets a lump sum of ₹ 9.5 Lakhs. If anything happens to him during these 20 years, his family receives ₹ 5 Lakhs plus accumulated bonuses.