News and Updates





**Experienced and Renowned Insurance and Investment Planner. Contact for Life & Health Insurance. ইন্সুরান্সের ও টেক্সসান কনসালটেন্ট. इन्सुरेंस व टैक्सेशन कंसलटेंट.Ask insutax@skjinsurance.in

New Jeevan Anand (Plan-815)



LIC's New Jeevan Anand (815) Plan is one of the best plans in whole Industry. It is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump-sum at the end of the selected policy term in case of his/her survival.




Premium payment be made Monthly (by ECS), Quarterly, Hallf yearly and Yearly as suits you better.
Gifts available for Yearly payers by us.

Term: Minimum 15 and maximum 35 years.

Entry Age: Minimum 18 years and maximum 50 years.

Minimum Sum can be Assured Rs.1,00,000/-

Accidental Death & Disability Benefit Rider available.

Policy Benefits :

On Death :

Provided all due premiums have been paid, the following death benefit shall be paid:
• (125% of Sum Assured) + Vested Bonus + Final Additional Bonus (Loyalty)

• On death of policyholder at any time after policy term: Basic Sum Assured

On Survival :

Basic Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

Surrendered Value :

The policy can be surrendered after at least three full years premiums have been paid.

Loan :

Loan Facility is available after payment of premiums for at least 3 full years.

Income Tax Benefit :

• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.

For more details............

Jeevan Arogya (Plan 904)

This is non-linked health plan which provides fixed benefits for hospitalization and almostall types of surgical procedures irrespective of actual cost incurred and the benefit is in additionto any other health insurance cover that insured lives may have, subject to certain terms and conditions.
The Benefits offered under the plan are:
i) Hospital Cash Benefit (HCB)
ii) Major Surgical Benefit (MSB)
iii) Day Care Procedure Benefit (DCPB)iv) Other Surgical Benefit (OSB)
 These are in addition to any other health insurance cover.
Two riders: Term Assurance and Accident Benefit Rider available for PI & Insured Spouse only.

The Principle Insured (PI) can take the policy covering himself/herself. The Spouse, Children, Parents and Parents-in-law can also be covered under the same policy.



Premium Payment Mode:Yearly & Half-yearly

Minimum Entry Age :
• For Prencipal Insure/Spouse: 18 Years
• For Child: 3 Month
• For Parents/Parents-In-Law: 18 Years

Maximum Entry Age :
• For Prencipal Insure/Spouse: 65 Years
• For Child: 17 Years
• For Parents/Parents-In-Law: 75 Years

Minimum Sum Assured : Rs.1,00,000/-

Maximum Sum Assured : Rs.4,00,000/-

Basic S.A. shall be in multiple of Rs.1,00,000/-

Policy Benefits :

On Death :
No death benefits payable.
However, following action will take place.

i. On death of the Principal Insured (PI); Option for Spouse to take over policy.
ii. Insured Spouse had predeceased the Principal Insured: Option to take new policy.
iii. In the event of death of an Insured continue with change in premium.


Surrendered Value :
No surrender value will be available under the policy.

Loan :
No loan will be available under the policy.


Amulya Jeevan (Plan 823)

This is non-linked health plan which provides fixed benefits for hospitalization and almostall types of surgical procedures irrespective of actual cost incurred and the benefit is in additionto any other health insurance cover that insured lives may have, subject to certain terms and conditions.
The Benefits offered under the plan are:
i) Hospital Cash Benefit (HCB)
ii) Major Surgical Benefit (MSB)
iii) Day Care Procedure Benefit (DCPB)iv) Other Surgical Benefit (OSB)
 These are in addition to any other health insurance cover.
Two riders: Term Assurance and Accident Benefit Rider available for PI & Insured Spouse only.

The Principle Insured (PI) can take the policy covering himself/herself. The Spouse, Children, Parents and Parents-in-law can also be covered under the same policy.



Premium Payment Mode:Yearly & Half-yearly

Minimum Entry Age :
• For Prencipal Insure/Spouse: 18 Years
• For Child: 3 Month
• For Parents/Parents-In-Law: 18 Years

Maximum Entry Age :
• For Prencipal Insure/Spouse: 65 Years
• For Child: 17 Years
• For Parents/Parents-In-Law: 75 Years

Minimum Sum Assured : Rs.1,00,000/-

Maximum Sum Assured : Rs.4,00,000/-

Basic S.A. shall be in multiple of Rs.1,00,000/-

Policy Benefits :

On Death :
No death benefits payable.
However, following action will take place.

i. On death of the Principal Insured (PI); Option for Spouse to take over policy.
ii. Insured Spouse had predeceased the Principal Insured: Option to take new policy.
iii. In the event of death of an Insured continue with change in premium.


Surrendered Value :
No surrender value will be available under the policy.

Loan :
No loan will be available under the policy.


Anmol Jeevan (Plan 822)

LIC Anmol Jeevan 2 plan number 822 is a regular premium paying conventional without profit pure protection plan.


Premium Payment Mode:Yearly and Half-yearly.

Term : 5 to 25 Years

Entry Age :18 years to 55 years

Maximum Cover Ceasing Age : 65 Years (Nearest Birthday)

Minimum Sum Assured :Rs. 6,00,000/-

Maximum Sum Assured :Rs. 24,00,000/-

Policy Benefits :

On Death :
On death of the Life Assured during the policy term Sum Assured shall be payable.

On Survival :
On survival to the end of the policy term,no benefits shall be payable.

Surrendered Value :
No surrender value will be available under this plan.

Loan :
No loan will be granted under this plan.

Income Tax Benefit :
• Premium paid under this plan is eligible for income Tax deduction u/s 80C.

New Jeevan Nidhi (Plan 818)

LIC New Jeevan Nidhi (818) Plan is a conventional with profits pension plan which provides for death cover during the deferment period and offers annuity on survival to the date of vesting.

Premium Payment Mode:Single Premium

Term :5 to 35 Years
Minimum Entry Age :20 years and 60 years.

Vesting Age :55 years to 65  years.
Minimum Sum Assured :Rs. 1,50,000/-

Policy Benefits :

On Death :

Death during first five policy year :

Sum Assured + Guaranteed Addition

Death after first five policy year :

Sum Assured + Guranteed Addition + Vested Bonus + FAB if any.

On Vesting :

On Vesting Basic Sum Assured + Guaranteed Addition + Vested Bonus + FAB if any.

Option On Vesting :

1. Get 1/3rd amount as commutation and Buy Jeevan Akshay policy of Balance amount increased by 3%.

2. Buy Jeevan Akshay of Full vesting amount increased by 3%.

3. Buy Jeevan Nidhi Single Premium.

Surrendered Value :

Single Premium : The Policy can be surrendered at any time during the deferment Period(term).

Regular Premium :

Term less than 10 : After atleast 2 full years premiums have been paid.

Term 10 or More : After atleast 3 full years premiums have been paid.

Loan :No loan facility will be available under this plan.

Income Tax Benefit :

• On Premiums : u/s 80C

• Commutation Tax free : u/s 10(10A)iii

• Death claim Tax free : u/s 10(10D)

• Pension : Taxable.

Jeevan Tarun (Plan 834)

LIC's Jeevan Tarun Plan is non-linked, with-profits, Limited premium payment plan specially designed to meet the educational and other needs of growing children.




Premium Payment Mode:Yearly, Halfly, Quarterly, Monthly(ECS)

Term :25 Age at Maturity Time [25-Age at entry]Years

P.P.T. [20-Age at entry]Years

Entry Age : 0 year to 12 years

Minimum Sum Assured : Rs.75,000/-

Policy Benefits :

On Death :
On death Before the Date of Commencement of Risk:
An amount equal to the total amount of premium's paid excluding taxes, extra premium and rider premium, if any shall be payable.

On death After the Date of Commencement of Risk:
Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.
 Where “Sum Assured on Death” is defined as higher of 10 times of annualized premium or Absolute amount assured to be paid on death i.e. 125% of Sum Assured
 This death benefit shall not be less than 105% of the total premiums paid as on date of death.

On Survival :
Option is chosen at proposal stage.

Option-1: No Survival,Maturity Benifit 100% S.A.

Option-2: 5% S.A. every year For 5 Years from age 20 to 24,Maturity Benifit 75% S.A.

Option-3: 10% S.A. every year For 5 Years from age 20 to 24,Maturity Benifit 50% S.A.

Option-4: 15% S.A. every year For 5 Years from age 20 to 24,Maturity Benifit 25% S.A.



Surrendered Value :
The policy can be surrendered at any time during the policy term provided premiums have been paid for full three years.

Loan :
Loan facility is available under this plan after the payment of premiums for atleast three full years.

Income Tax Benefit :
•• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.

New Children’s Money Back (Plan 832)

LIC’s New Children’s Money Back Plan is a non-linked, with-profits, regular premium payment money back plan

Premium Payment Mode:Yearly, Halfly, Quarterly, Monthly(ECS)

Term :25 Age at Maturity Time

Entry Age : 0 Year to 12 years

Minimum Sum Assured :Rs.1,00,000/-

Policy Benefits :

On Death :
On death Before the Date of Commencement of Risk:
An amount equal to the total amount of premium's paid excluding taxes, extra premium and rider premium, if any shall be payable.

On death After the Date of Commencement of Risk:
Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as higher of 10 times of annualized premium or Absolute amount assured to be paid on death i.e. Basic Sum assured. This death benefit shall not be less than 105% of the total premiums paid as on date of death.

 On Survival :
If Policy in full force :
Completion Age 18YRS - 20% OF MSA
Completion Age 20YRS - 20% OF MSA
Completion Age 22YRS - 20% OF MSA

On Maturity at Age 25YRS - 40% of MSA + Vested Bonus + FAB


Surrendered Value :
The policy can be surrendered at any time during the policy term provided premiums have been paid for full three years.

Loan :
Loan facility is available under this plan after the payment of premiums for atleast three full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

Money Back 25 Years (Plan 821)

This is a limited premium payment, non-linked, with profits Money Back Plan.




Premium Payment Mode:Yearly, Halfly, Quarterly, Monthly(ECS)

Term :25 Year

P.P.T.:20 Year

Entry Age : 13 year s to 45 years

Minimum Sum Assured :Rs.1,00,000/-

Accidental Death and Disability Benefit Rider available.

Policy Benefits :

On Death :
Sum Assured on Death + Vested Bonus + FAB if any.
Sum Assured on Death = Higher of 125% of Basic SA or 10 times of annualized Premium.
Death Benefit shall not be less than 105% of total premiums paid as on date of death.
The premiums exclude taxes, extra premium and rider premiums.

On Survival :
15% of Basic SA is payable after 5th, 10th, 15th & 20th year of policy.
 Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value :
The policy can be surrendered for cash provided atleast three full years premiums have been paid.The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax)excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered

Loan :
Available after payment of premium of 3 full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for deduction under section 80C of Income tax Act, 1961.

• Maturity under this plan is free under sec 10(10D) of Income tax Act, 1961.

Bima Bachat (Plan 816)

LIC's Bima Bachat Plan is a single premium, non-linked, with profits Money Back type Plan.



Premium Payment Mode: Single Premium
Term :9, 12 & 15 Year

Minimum Entry Age : 15 Years

Maximum Entry Age :

If term is 9 yrs then 66yr (Nearest Birthday)
If term is 12 yrs then 63yr (Nearest Birthday)
If term is 15 yrs then 60yr (Nearest Birthday)

Minimum Sum Assured :

If term is 9 yrs then 35,000
If term is 12 yrs then 50,000
If term is 15 yrs then 70,000

Policy Benefits :

On Death :

During 1st five years policy years : Sum Assured only.
After completion of five policy years : Sum Assured + Loyalty Addition, if any.

On Survival :

For Policy Term of 9 years : 15% of SA, after 3rd & 6th policy year.
For Policy Term of 12 years : 15% of SA, after 3rd ,6th & 9th policy year.
For Policy Term of 15 years : 15% of SA, after 3rd ,6th,9th & 12th policy year.

At Maturity Time :

Single Premium Paid + Loyalty Additions, if any.

Surrendered Value :

The policy can be surrendered at any time during the policy term subject to realization of the premium cheque.

Guaranteed Surrender Value :

First year: 70% of the Single Premium excluding taxes and extra premium,if any.

Thereafter: 90%of the Single Premium excluding taxes, extra premium, if any and all survival benefits paid earlier.

Loan :

Loan facility is available under this plan at any time after completion of one policy year.

Income Tax Benefit :

• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

Money Back 20 yrs. (Plan 820)

This is a limited premium payment, non-linked, with profits Money Back Plan.


Premium payment be made Monthly (by ECS), Quarterly, Half yearly and Yearly as suits you better.

Term: 20 years.

Premium Paying Term: 15 years

Entry Age: Minimum 13 years and maximum 50 years.

Minimum Sum can be Assured Rs.1,00,000/-

Accidental Death & Disability Benefit Rider available.

Policy Benefits :

On Death :
Sum Assured on Death + Vested Bonus + FAB if any.
Sum Assured on Death = Higher of 125% of Basic SA or 10 times of annualized Premium.
Death Benefit shall not be less than 105% of total premiums paid as on date of death.
The premiums exclude taxes, extra premium and rider premiums.

On Survival :

20% of Basic SA is payable after 5th, 10th and 15th year of policy.
Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value :

The policy can be surrendered for cash provided atleast three full years premiums have been paid.The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax)excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered

Loan : Available after payment of premium of 3 full years.
Income Tax Benefit :

• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.

New Endowment Plus (Plan 835)

LIC’s New Endowment Plus is a unit linked assurance plan, which offers investment-cum-insurance during the term of the policy. The Policyholder can choose the amount of premium he/she desires to pay, depending on which Policyholder will get the equivalent level of cover. Each premium paid by the Policyholder shall be subject to Premium Allocation charge as per rule. The allocated premium will be utilized to purchase units as per the selected fund type. The Policyholder’s Fund Value will be subject to deduction of charges as per rule. Units will be allotted and cancelled based on the Net Asset Value (NAV) of the respective fund applicable to the date of allotment / cancellation. The NAV will be computed on daily basis and will be based on the investment performance and Fund Management Charges (FMC) of each fund type.



Investment Fund Type:

Bond, Secured, Balanced, and Growth Fund

1. Bond Fund:

Investment in Government : Not less than 60%

Short-term Investment : Not more than 40%

Investment in listed equity shares : NIL

Fund for risk/return : Low risk

SFIN No.: ULIF001201114LICNED+BND512

2. Secured Fund:

Investment in Government : Not less than 45%

Short-term Investment : Not more than 40%

Investment in listed equity shares : Not less than 15% & Not more than 55%

Fund for risk/return : Steady Income - Low to Medium risk

SFIN No.: ULIF002201114LICNED+SEC512

3. Balanced Fund:

Investment in Government : Not less than 30%

Short-term Investment : Not more than 40%

Investment in listed equity shares : Not less than 30% & Not more than 70%

Fund for risk/return : Balanced Income and Growth - Medium risk

SFIN No.: ULIF003201114LICNED+BAL512

4. Growth Fund:

Investment in Government : Not less than 20%

Short-term Investment : Not more than 40%

Investment in listed equity shares : Not less than 40% & Not more than 80%

Fund for risk/return : Long term Capital growth - High risk

SFIN No.: ULIF004201114LICNED+GRW512

Basic Sum Assured is (10 * Annualized Premium) or (105% of total premiums paid), whichever is higher.

Risk Cover:

If age at entry is less than 8 years the risk will commence one day before the completion of 2 years from DOC or at policy anniversary following completion of 8 years of age, Whichever is earlier.

In case the age as entry is 8 years or more, Risk will commence immediately.

Premium payment be made Monthly (by ECS), Quarterly, Half yearly and Yearly as suits you better.

Term: 10 to 20 years.

Entry Age: Minimum 90 days and maximum 50 years.

Minimum Sum Assured :

YLY : 20,000

HLY : 13,000

QLY : 8000

ECS : 3000

Accidental Benefit Rider Available.

Policy Benefits :

On Death :

On death before the Date of Commencement of Risk:

An amount equal to the Policyholder’s Fund Value shall be payable.

On death after the Date of Commencement of Risk:

An amount equal to the higher of Basic Sum Assured or Policyholder’s Fund Value shall be payable. Where, Basic Sum Assured is (10 * Annualized Premium) or (105% of the total premiums paid), whichever is higher.

On Survival :

Fund Value at the time of maturity.

Surrendered Value :

Policy can be surrender after 5 years.

Partial Withdrawals after 5 years. Life Assured must be major.

Loan :

Not available.
Income Tax Benefit :

80C Rebate up to Rs 1,50,000 & Maturity & Death Claim Amount 100% Tax Free.

Jeevan Lakshya (Plan 833)

This is a limited premium paying term conventional with-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.

Premium payment be made Monthly (by ECS), Quarterly, Half yearly and Yearly as suits you better.Gifts available for Yearly payers by us.
Term: 13 to 25 years.

Premium Paying Term: (Policy term-3 years)

Entry Age: Minimum 18 years and maximum 50 years.

Minimum Sum can be Assured Rs.1,00,000/-

Accidental Death & Disability Benefit Rider available.

Policy Benefits :

On Death :

Benefits payable on death:

Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner.
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity)
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity)
Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity)

On Survival :

On survival Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value :

The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.

Income Tax Benefit :

• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.

Limited Premium Endowment (Plan 830)

LIC's Limited Premium Endowment Plan is a limited premium paying conventional With-Profits Endowment Assurance Plan.

Premium payment be made Monthly (by ECS), Quarterly, Half yearly and Yearly as suits you better.Gifts available for Yearly payers by us.

Term: 12, 16 & 21 years.

Premium Paying Term: 8 & 9 years.

Entry Age: Minimum 18 years and maximum 62 years.

Minimum Sum can be Assured Rs.3,00,000/-

Accidental Death & Disability Benefit Rider available

Policy Benefits :

On Death :

125%of Basic Sum-Assured,or
10 times of Annualized Premium, or
105%of all Premiums paid as on death,
Whichever is higher.

On Survival :

On survival Basic Sum-Assured + Bonus+ Final Additional Bonus.

Surrendered Value :

The Policy can be surrendered at any time during the policy term provided at least two full years premiums have been paid.

Loan :

Loan Facillity is available under this plan, after payment of premiums for at least 2 full years.

Income Tax Benefit :

• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.


For more details............

Jeevan Rakshak (Plan 827)

This is a regular premium paying Non-linked, With-Profits, Endowment Assurance plan. This plan shall be available to standard lives only without any medical examination and the total Sum Assured under all the policies issued to an Individual under this plan shall not exceed Rs. 2 lakhs.


Premium payment be made Monthly (by ECS), Quarterly, Hallf yearly and Yearly as suits you better.

Term: Minimum 10 and maximum 20 years.

Entry Age: Minimum 8 years and maximum 55 years.

Minimum Sum can be Assured Rs.75,000/-


Maximum Sum can be Assured Rs.2,00,000/-

A person can take only one policy in his/her name.

Accidental Death & Disability Benefit Rider available.
Policy Benefits :

On Death :

On death of the Life Assured during the policy term " Sum Assured on Death " shall be payable, which is the highest of

• Basic Sum Assured; or

• 10 times of annualized premium; or

• 105% of all the premiums paid as on date of death.

The premium mentioned above excludes taxes, extra premium and rider premiums, if any.In addition to the above, Loyalty Addition, if any, shall also be payable if death occurs after completion of 5th policy year.

On Survival :

On survival to the end of the policy term Basic Sum Assured along with Loyalty Addition, if any,shall be payable.

Surrendered Value :

The policy can be surrendered at any time during the policy term provided at least three full years premiums have been paid.Guaranteed Surrender Value:

The Guaranteed Surrender Value shall be a percentage of total premiums paid (net of taxes) excluding any extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered

Loan :

Loan facility is available under this plan,after payment of premiums for at least 3 full years subject to following conditions :

(a) The maximum loan as a percentage of surrender value shall be 70% in case of in-force policy and       60% in case of paid-up policies.

(b) The rate of interest to be charged for the loan amount would be determined from time to time by         the Corporation.



Income Tax Benefit :

• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.


Single Premium Endowment (Plan 817)



LIC's Single Premium Endowment Plan (817) is a single premium, non-linked, with profits Endowment Plan.



Single Premium

Term : 10 to 25 Years

Entry Age: Minimum 90 days and maximum 65 years.

Minimum Sum can be Assured Rs.50,000/-

Policy Benefits :

On Death :

On Death after commencement of risk: Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

On Survival :

On survival Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

Surrendered Value :

The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.

Loan :

Loan Facillity is available under this plan, after completion of one policy year.

Income Tax Benefit :
• Premium paid under this plan is eligible for deduction( 10% of S.A.)under section 80C of Income Tax Act, 1961.

New Jeevan Anand (815)



LIC's New Jeevan Anand (815) Plan is one of the best plans in whole Industry. It is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump-sum at the end of the selected policy term in case of his/her survival.




Premium payment be made Monthly (by ECS), Quarterly, Hallf yearly and Yearly as suits you better.
Gifts available for Yearly payers by us.

Term: Minimum 15 and maximum 35 years.

Entry Age: Minimum 18 years and maximum 50 years.

Minimum Sum can be Assured Rs.1,00,000/-

Accidental Death & Disability Benefit Rider available.

Policy Benefits :

On Death :


Provided all due premiums have been paid, the following death benefit shall be paid:
• (125% of Sum Assured) + Vested Bonus + Final Additional Bonus (Loyalty)

• On death of policyholder at any time after policy term: Basic Sum Assured

On Survival :

Basic Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

Surrendered Value :

The policy can be surrendered after at least three full years premiums have been paid.

Loan :

Loan Facility is available after payment of premiums for at least 3 full years.

Income Tax Benefit :

• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.

For more details............

New Endowment Plan (814)

LIC's New endowment Plan (814) is a regular premium, Non linked, with profits endowment plan.

Premium payment be made Monthly (by ECS), Quarterly, Hallf yearly and Yearly as suits you better.
Gifts available for Yearly payers by us.

Term: Minimum 12 and maximum 35 years.

Entry Age: Minimum 8 years and maximum 55 years.

Minimum Sum can be Assured Rs.1,00,000/-

Accidental Death & Disability Benefit Rider available.

Policy Benefits :

On Death :
Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

On Survival :
On survival Basic Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

Surrendered Value :
The Policy can be surrendered after at least 3 full years premiums have been paid.

Loan :
Loan Facility is available after payment of premiums for at least 3 full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.
• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.

For more details........