liclifeplus

Our Products

As such there are number of plans and schemes offered by several companies but LIC LifePlus non term plan is below all. Non term plans offered by the LIC includes retirement and investment plans. New Jeevan Anand, Jeevan Akshay – VI, New Endowment, Single Premium Endowment, New Bima Bachat, Jeevan Arogya, New Money Back(20), New Money Back(25) are some of the plans that provide the customers with different sets of pension options to make them feel independent when they are not in a condition to earn for themselves. Some Of Our Products are...

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NEW ENDOWMENT PLAN

Product Summary:
LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility. Where premiums exclude service tax, extra premium and rider premiums, if any.

Premiums:
Premiums are payable yearly, half-yearly, quarterly, or monthly through salary deductions as opted by you throughout the term of the policy or till earlier death.

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. 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, provided the policy has run for certain minimum term.