LIC Insurance Plan - Limited Premium Endowment (Plan No. 830)

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LIC's Limited Premium Endowment Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.

• Minimum Basic Sum Assured: Rs. 3,00,000/- 

• Maximum Basic Sum Assured: No Limit 

• Policy Term: 12 year or 16 year or 21 year 

• Premium Paying Term: 8 year or 9 year 

• Minimum Entry Age: 18 years (completed) 

• Maximum Entry Age: 62 years (nearer birthday) 

• Maximum Age at Maturity for Life Assured: 75 years 

• Mode of Premium Payment: Yearly, half-yearly, quarterly & monthly 

• Accidental Death & Disability Benefit Rider is available on payment of additional premium. 

LIC's Limited Premium Endowment Benefit Details

• On Death: "Sum Assured + Vested Bonus + FAB if any." 

• Where 'S.A. on Death' is defined as the higher of 
i. 10 times of Anualized Premium, OR 
ii. 105%of all Premiums paid as on death OR
iii. 125%of Basic Sum-Assured.

• 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 atleast 2 full years premiums have been paid.

• Loan : Loan Facillity 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).

For more details, Visit http://www.licallinonecalc.com/

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