LIC LIMITED PAYMENT ENDOWMENT PLAN - Table No 830
LIC Launched new another endowment plan in February 2015, This is Limited Endowment Plan WHich has Limited Premium Payment Term, The Table Number is 830.
Below are the Basic features of the Plan:
Below are the Basic features of the Plan:
- 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. This plan also takes care of liquidity needs through its loan facility.
- Benefits:
- Optional Benefit:
- LIC’s Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
- LIC’s New Term Assurance Rider (UIN: 512B210V01)
Premiums referred above exclude service tax, extra premium and rider premium(s), if any.
Maturity Benefit: "Sum Assured on Maturity" equal to 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.
Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.
Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity.
For more details on the above riders, refer to the rider brochure or contact LIC’s nearest Branch Office.