New Endowment (814)

New Endowment (814)

New Endowment Plan (814)


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914 New Endowment Policy Information
LIC New Edowment 914

Premium Payment Mode
Yearly, Half Yearly, Quarterly, Monthly (ECS)

12 to 35 Years

Minimum Entry Age
8 Years Completed

Maximum Entry Age
55 Years ( Nearest Birthday)

Maximum Maturity Age
75 Years

Minimum Sum Assured

Maximum Sum Assured
No Limited ( Depending upon Income )

Maximum Accidental Death and Disability Benefit Rider up to age 70.

Policy Benefits:

On Risk:
Sum Assured + Vested Bonus + FAB if any.


7 Times of annualized premium


105% all premiums paid as on risk, Whichever is higher.

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 at least two full years premiums have been paid.

Loan facility is available under this plan after payment of premium for at least two full years

Income Tax
– Premium paid under this plan is eligible for Tax rebate under section 80C
– Maturity under this plan is free under section 10(10D)