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LIC New Endowment Plan

Plan Type: Tax Saving

LIC has introduced New Endowment Plan (Table no. 914) with all the benefits like Investment, Savings, Tax-benefits, Risk coverage, Accident rider benefit, Loan facility, Surrender option etc., 

Who is this plan suitable for? : People looking for lower premium and long term regular investment with lumpsum tax free safe returns like PPF investments. Working professionals like Software engineers, Government employees, working professionals.

Features

Minimum Basic Sum
Assured :
Rs. 1,00,000

Premium Payment Term :
12 to 35 Years

Entry Age:
8 to 55 years

More info

Benefits

  • A lump sum Tax-free Maturity benefit at the end of policy term.
  • Double tax benefit: Tax saving on premiums paid (section 80C) & Maturity Returns(10, 10(D))
  • Convenient access to liquidity through loan on policy options.
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