New Endowment (814)
New Endowment (814)
Premium Payment Mode
Yearly, Half Yearly, Quarterly, Monthly (ECS)
Term
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
1 LAKH
Maximum Sum Assured
No Limited ( Depending upon Income )
Maximum Accidental Death and Disability Benefit Rider up to age 70.
On Risk:
Sum Assured + Vested Bonus + FAB if any.
(or)
7 Times of annualized premium
(or)
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
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)
Copyright ©2020. LICbharosa.com - All Rights Reserved