LIC New Endowment Plan
LIC New Endowment Plan is a participating non-linked life insurance plan that provides financial protection along with guaranteed savings and bonus benefits. It is ideal for individuals looking for long-term wealth creation and family security.
5.0 / 5.0
Plan Rating
Life Cover
Financial protection throughout the policy term.
Maturity Benefit
Guaranteed maturity amount with bonus additions.
Bonus
Eligible for Simple Reversionary Bonus and Final Additional Bonus.
Tax Benefits
Tax benefits available under applicable Income Tax provisions.
Key Features
- Participating Non-Linked Life Insurance Plan.
- Guaranteed Sum Assured on Maturity.
- Simple Reversionary Bonus.
- Final Additional Bonus (if declared).
- Loan Facility Available.
- Surrender Value Available.
Eligibility
| Entry Age | As per LIC Guidelines |
|---|---|
| Policy Term | 12 to 35 Years |
| Premium Paying Term | Equal to Policy Term |
| Minimum Sum Assured | ₹1,00,000 |
Benefits
Maturity Benefit
On survival till maturity, the policyholder receives the Basic Sum Assured together with accrued bonuses and Final Additional Bonus (if applicable).
Death Benefit
In the unfortunate event of death during the policy term, nominees receive the death benefit together with applicable bonuses.
Calculate Your Premium & Maturity Amount
Use our free online LIC calculators to estimate premium, maturity value and choose the best insurance plan.
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