New Endowment plan (T-814)

LIC’S New Endowment Plan (T-814) is a unique combination of protection and savings. It’s a Non Linked with profits conventional plan which is best for child education and marriage.
  • Cover from age group 08 to 55 years.
  • Wide policy term range from 12 to 35 years.
  • Eligible for all Bonuses and Final Addition Bonuses declared by LIC.
  • Term Rider Benefit Available
  • Double Accident Rider Available.
  • Double Tax Benefit Available (Premium Paid gives 80C Tax Benefit up to Rs. 1,50,,000 and Maturity is also Tax Free under section 10(10D)).
  • Loan and Surrender Facility Available.
Maturity Benefit:
  • Basic Sum Assured + Vested Bonus + FAB.
Death Claim Benefit:
  • In case of death during policy term of the plan, Sum Assured Along With Bonus and Final Addition Bonus Will Be Paid to the Nominee.

  • Eligibility Criteria:
    Minimum Age to Apply 8 Years (Completed)
    Maximum Age to Apply 55 Years (Nearest Birthday)
    Policy Term (Premium Payment Term) 12 to 35 Years
    Maximum Maturity Age 75 Years
    Premium Paying Mode Yearly, Half Yearly, Quarterly, Monthly (ECS Only)
    Basic Sum Assured 100000 and above ( in multiples of 5000)
    Loan After 3 years
    Surrender After 3 years of full premium payment