LIC Endowment Assurance Policy is an endowment policy with high bonus and liquidity facility incorporated. Age will be 8 yrs. 06 Registration Code No. In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. With the help of LIC New Endowment plan you can set your long term financial goals and start saving for it in a more planned manner. The endowment plan offered by LIC is a participating endowment plan that offers the dual benefit of protection cum saving plan. Let us assume the policyholder had got endowment policy and has taken sum assured of Rs 5, 00 ,000 and pays an annual premium of 30, 000. The death benefits with these policies is the sum assured under the policy which can start from Rs. Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001, IRDAI Web aggregator Registration No. Please provide correct Sum Assured, Policy Term, Yearly Premium etc. Maturity Benefit: Basic Sum Assured, along with vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid. New Endowment Plan No.814. **Discount is offered by the Insurance company as approved by IRDAI for the product under File & Use guidelines #On the basis of your profile, CIN: U74999HR2014PTC053454 Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited) Policybazaar is currently registered as a Web aggregator by IRDAI. Where, “Sum Assured on Death” is defined as higher of Basic Sum Assured or 10 times of annualised premium. The combination of saving cum protection provides financial cushion to the family of the deceased insurance holder during the tenure of the policy. Maturity calculator for new endowment plan (914) is a simple tool to learn about the plan by calculating premium, year-wise life cover and maturity as per individual’s details. We Would love to interact with you, Know the Right Investment Products to Invest in Times of COVID-19, Capital Guarantee Plan Investment in Coronavirus Pandemic, Want to Save Tax? An endowment life insurance policy is a policy that couples the benefits of the concept of life insurance with the concept of savings. This is an ideal insurance policy for an individual to provide financial support for the family after his or her unexpected death. With its expert customer support service the LIC of India helps you to get the best insurance policy as per your requirements and suitability. Moreover, by providing loan facility, LIC Endowment Plan also takes care of the liquidity needs. LIC Endowment plan also offers surrender benefit and loan facility to fulfill the liquidity needs. to calculate your surrender value. The plan offers twin benefit of life protection and savings in a single plan. The premiums that are paid for the plan by the policyholder is partly used to cover the insurance risk and partly for investing in the funds which can be equity, debt or balanced fund that is a mix of both equity and debt funds. Follow, like, tweet or post. You can use this to calculate the LIC Endowment Assurance-14 Maturity Value. LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. If policyholder fails to make payment within the grace period then the policy lapses. LIC e-Term Plan. With its wide customer base the LIC is one of the most trusted brand in the insurance sector. LIC's e-Term policy is a pure life cover policy that provides financial protection to … In case you have a plan with Sum Assured of Rs. For More details about Lic New Endowment Policy.