New Endowment 914 – LIC New Endowment Policy Details

New Endowment 914 plan is a regular premium, non-linked with profitable endowment plan

Premium Payments Mode

Monthly (ECS), Quarterly, Half Yearly and Yearly

Term / Duration

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, 00,000 (1lakh)

Maximum Sum Assured

No Limit (Depending upon your income)

Loan

Loan Facility is Available under this plan. After 2 Years

Income Tax Benefit

Tax Rebate under Section 80C

Maturity Under this plan is Free under Section 10(10D)

Surrendered

You can surrendered at any time during the policy term provided at least 2 Full Years.

Survival

Basic Sum Assured + Vested Bonus + Final Additional Bonus

Risk

Assured + Vested Bonus + Final Additional Bonus if any

(Or)

7 Times of Annualized premium

(Or)

105% of all premiums paid as on risk, whichever is Higher