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 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).

Call us for getting premium quotes on LIC’s Limited Premium Endowment Plan.

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