LIC Endowment Plan - 814

NEW ENDOWMENT PLAN - 814

LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.Plan Number: 814
Plan name: New endowment plan
Minimum Eligible Age: 8
Maximum Eligible Age: 55
Minimum Policy term: 12
Maximum policy Term: 35
Minimum Sum assured: 1,00,000
Maximum Sum Assured: No Limit(Multiple of Rs. 5000)
Minimum age at entry for DAB is 18
Mode of Premium payment: Yly, Hly, Qtly, SSS & ECS
Gender Allowed: Both
Maximum age at entry for Accident benefit: 55
Max cover ceasing age Accident benefit: 70
Minimum Accident Benefit Sum Assured: 1,00,000 (Multiple of Rs. 5000)
Rebate: Available Yearly and Half yearly
Sum Assured Rebate: Available
Loan Available: After at least 3 years of Premium payments
Profit plan: with Profits

Back Dating: Yes, Policy is back dated to the lean months ,viz. April, May, July, and August, interest is to be charged for period in excess of 3 months.
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