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LIC’s New Endowment Plan 914

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LIFE INSURANCE COVER
AWESOME PLAN BENEFITS FOR YOU₹Amount
1. Guaranteed Sum Assuredlic bonus
2. Bonus + FABlic bonus+
Benefit 1: Maturity returns on th year = 1 + 2 (Tax Free)lics jeevan anand 915
Benefit 2 :Aproximate loan availability after 3 yearsloan on lic policy
BENEFITS FOR NOMINEE/FAMILY AFTER YOU₹Amount
On death before th year of plan maturity :
1. On death before maturity: Guaranteed life insurancelic bonus
2. If accidental death: DAB paidlic bonus
3. As on death bonus paid: Accumulated Bonus+ FABBuy lic plan online+
Total payable to nominee = 1 + 2 + 3 (Tax Free):Lic Maturity Amount
*Note: Bonus and Final Additional Bonus (FAB) are calculated till the policy maturity term. Simple Reversionary Bonuses are considered not more than Rs.60 per thousand to calculate returns for illustration and actual bonus will be declared by LIC in future.
Death benefits illustration is calculated assuming death of life assured occurs before a year of maturity.
How do you want to Pay to start policy Now?

    • PAY PREMUM

    • Pay online

    •  
      • Premium
      • DAB Premium
      • GST (4.5%)
      • Total

      •  

    • YEARLY

    • Save 2%

    • HALF YEARLY

    • Save 1%

    • PAY PREMUM

    • Pay online

    •  
      • Premium
      • DAB Premium
      • GST (4.5%)
      • Total

      •  

    • QUARTERLY

    •  

    • MONTHLY

    •  

Note:For Monthly mode of premium payment, 2 months premium have to be paid initially. eNACH (Auto deduction from your bank) setup is mandatory.
Pay by Credit Card | Debit Card | Net Banking | UPI conveniently
lic premium payment options
Your data transactions are secure with SSL certificate, payments through RBI approved PCI-DSS certified payment gateways on LIC's digital portal
lic premium payment optionsWhy you should buy LIC plans?   LIC is the only Life Insurance Company in INDIA where Sum Assured and Bonuses declared are GUARANTEED BY THE GOVT OF INDIA. (refer Section 37 LIC ACT 1956)

LIC' New Endowment Plan 

Simple to understand, an investment endowment plan which offers a combination of Protection and Savings.
Why complicate insurance plans?

Combination of Protection and Savings

Endowment Plan is a simple Insurance and Investment plan offering protection and savings.

Short Term Plan Premium Payment ,Flexibility to choose term

This plan offers to choose a varied investment term from 12 years to 35 years. You can choose this plan to save for any short term goals or as a corpus creation for your retirement.87

Perfect plan for savings with safe returns.

Provide security to your invested money with trust of LIC by millions of Indians and safe returns. have peace of mind once you buy plan. 

Benefits of LIC Endowment Investment Plan

a)Short term premium payment: LIC Endowment plan is a short term plan with premium payment starting 12 years.
b)Maturity benefit: Maturity in Endowment plan is given at the end of the policy term along with sum assured and simple revisionary bonus.
c) Tax benefit:Endowment Plan helps you reduce your taxable income by investing up to Rs.1.5 lakh under Section 80C. The claims or maturity amount received is also tax free under 10(10D)
d) Riders: You can choose from a variety of Riders. Accidental Rider is most commonly opted. For a nominal premium, get double your Basic Sum Assured

Who can buy this plan? Eligibility Conditions for LIC Endowment Plan

a)Minimum Basic Sum Assured:Rs. 1,00,000
b)Maximum Basic Sum Assured:No limit
c)Policy Term:12 to 35 years
d)Premium Paying Term:Same as policy term
e)Minimum Age to buy this plan:8 Years Completed
f)Maximum Aged allowed to buy this plan:55 Years (Age Nearer Birthday)
g)Maximum Age at Maturity:75 years

Is LIC Endowment Plan better than FD/MF/PPF?

Features

Tax Benefit on Premiums

Tax Benefit on Returns

Maturity Value

+ Life Cover

FD

Tax Benefit on Premiums: Selected products

Tax Benefit on Returns: Taxable

Maturity Value: Guaranteed

+ Life Cover: NO

MUTUAL FUND

Tax Benefit on Premiums: Selected

Tax Benefit on Returns:Returns Fully Taxable

Maturity Value: Market Risk

+ Life Cover: NO

PPF

Tax Benefit on Premiums: YES

Tax Benefit on Returns: Tax-Free

Maturity Value: Guranteed

+ Life Cover: NO

endowment plan

Tax Benefit on Premiums: YES

Tax Benefit on Returns: TAX FREE

Maturity Value: SAGUARANTEED

Life Cover: YES

FAQs about LIC Endowment Plan

Who can buy LIC Endowment plan?

LIC Endowment Plan is a simple life insurance plan which offers life cover and lumpsum at maturity. LIC endowment plan is best suited plans for Software Engineers, Doctors, professionals and self Employed etc..

Do I pay the premium Monthly or Annually?

LIC premiums can be paid Yearly, Half yearly, Quarterly or Monthly. Yearly premium offers 2% discout, Half-yearly premium offers 1% discount. If you opt for Monthly premiums, NEFT will be set up, where in the Premium will be deducted from your bank account on the chosen date every Month.

How can I save Income Tax with this plan?

All premiums paid towards your LIC endowment policy is considered for Income Tax saving under Sec 80c of Income tax act. You can invest upto Rs.1,50,000 under 80c and save tax upto Rs.46,800 every year.

When is the best time to start investing in LIC Endowment plan?

Now is the best time!! Ideally one should start with tax saving LIC endowment plan policy as soon as possible. The younger you start your policy, the better benefits - Lower premium, Higher life cover, long term corpus building for retirement, save Tax from the start, disciplined savings habit from an early age. Also adequate life cover to start with.

When should I start LIC endowment plan in the Finanical Year for Tax Saving?

Any premiums paid between 1st April to 31st March is considered for tax saving for that financial year. If opting for Yearly premium payment mode, you can start the policy whenever convenient. If you are choosing other modes, then to save tax for the whole year, you can use the Date Backing option. You can contact us for further information on this.

Are the maturity benefits or returns from LIC endowment plan Tax free?

All returns or proceeds including bonus, sum assured or surrender value from LIC new endowment plan are Tax free under Income Tax Act 10(10D)

Premium Options

The premiums can be paid Yearly, Halfyearly, Quaterly or Monthly.

Loan on Policy

Policyholder can avail loan on policy after 3 successful years of premium payment.

Policy Bond

Your LIC policy bond will be issued after acceptance of your online proposal.

Bonus

Bonus added to your policy at the end of every financial year and paid on maturity along with sum assured.

Why buy from LIC plan and Online?

India's Only Insurance Company with Sovereign guarantee by Govt of India.

All LIC policies come with a Sovereign Guarantee from Govt of India. Your money is safe and guaranteed by Government. This makes LIC a most proffered Insurance company than Private Life Insurance company when it comes to buying new LIfe Insurance Policy.

Most trusted Brand of India

14,000+ Crores New premium paid every year by Indians.

LIC has King share of Life Insurance Business around more than 75%  in India. People prefer LIC over Private Life Insurance plans how ever attractive promises they make due to trust and uncertainty of Private Companies Promises.

Easy Online Buying KYC Process

We assure hassle free online buying process. Buy online from the comfort of your house and digital consultation if required. KYC is also done online.

Compliant with RBI and IRDAI approvals.

Whey go anywhere else or Agents? 

Secure Payment Options

Online payment options like Debit/Credit card, UPI payments,PayTM, Bhim, Google pay etc. Integrated through RBI approved PCI compliant payment gateway.

Unbiased Sales process

LIC is a leading brand, hence we help you choose the right plan without any biased opinion. Honest and transparent information shown to you and you can chose yourself based on your need.

No Misselling

You choose your own plan from our Website. See illustrations and expected return instantly and make baying decision. Understand the plan which best suits your needs. No misspelling or forced selling by intermediaries.

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