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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............