LIC ka plan table no 914

Plan :New Endowment (914) Product Summary : New Endowment Plan (914) is a regular premium, non-linked, with profits Endowment Plan. Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS) Term : 12 to 35 years Minimum Entry Age : 8 Year Completed Maximum Entry Age : 55 Year (Nearest Birthday) Maximum Maturity Age : 75 Year Minimum Sum Assured : 1,00,000 Maximum Sum Assured : NO LIMIT (Depending upon Income) Maximum Accidental Death and Disability Benefit Rider up to age 70. Policy Benefits : 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 Basic Sum Assured + Vested Bonus + FAB if any. 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 Facility is available under this plan, after payment of premiums for at least 2 full years. 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). Proposal Form : 300/340/360 shall be used under this plan. For more information visit http://www.LicAllinOneCalc.com

Advertisement