Endowment Plans

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.

Minimum Basic Sum Assured : Rs. 1,00,000/-
Maximum Basic Sum Assured : No Limit
Minimum Policy Term : 12 years
Maximum Policy Term : 35 years
Minimum Entry Age : 8 years (completed)
Maximum Entry Age : 55 years (nearer birthday)
Maximum Age at Maturity for Life Assured : 75 years
Mode of Premium Payment : Yearly, Half-yearly, Quarterly & Monthly
Accidental Death & Disability Benefit Rider is available on payment of additional premium.

LIC's New Endowment Benefit Details

  •  On Death: "Sum Assured + Vested Bonus + FAB if any."
  •  Where 'S.A. on Death' is defined as the higher of 10 times of Anualized Premium,
  •  105%of all Premiums paid as on death

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 atleast 3 full years premiums have been paid.

Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefit : Premium paid under this plan is eligible for TAX rebate under section 80c.Maturity under this plan is free under sec 10(10D).

LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival.

Minimum Basic Sum Assured : Rs. 1,00,000/-
Maximum Basic Sum Assured : No Limit
Minimum Policy Term : 15 years
Maximum Policy Term : 35 years
Minimum Entry Age : 18 years (completed)
Maximum Entry Age : 50 years (nearer birthday)
Maximum Age at Maturity for Life Assured : 75 years
Mode of Premium Payment : Yearly, Half-yearly, Quarterly & Monthly
Accidental Death & Disability Benefit Rider is available on payment of additional premium.

LIC's New Jeevan Anand Benefit Details

On Death : "Sum Assured + Vested Bonus + FAB if any."

Where 'Sum Assured on Death' is defined as the higher of 125% of Basic Sum Assured. OR 10 times of annualised premium.

10 times of Anualized Premium, OR

105%of all Premiums paid as on death

On death of policyholder at any time after policy term : Basic Sum Assured

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 atleast 3 full years premiums have been paid.

Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefit : Premium paid under this plan is eligible for TAX rebate under section 80c.Maturity under this plan is free under sec 10(10D).

LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival.

Minimum Basic Sum Assured : Rs. 50,000/-
Maximum Basic Sum Assured : No Limit
Minimum Policy Term : 10 years
Maximum Policy Term : 25 years
Minimum Entry Age : 90 years (completed)
Maximum Entry Age : 65 years (nearer birthday)
Maximum Age at Maturity for Life Assured : 75 years
Mode of Premium Payment :Single Premium

LIC's Single Premium Endowment Benefit Details

On Death after commencement of risk : Sum Assured + Vested Bonus + FAB if any.

On Death before commencement of risk : Return of Single Premium excluding taxes and Extra Premium.
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 atleast 3 full years premiums have been paid.

Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefit : Premium paid under this plan is eligible for TAX rebate under section 80c.Maturity under this plan is free under sec 10(10D).

LIC's Jeevan Rakshak Plan is a regular premium paying Non-linked, With-Profits, Endowment Assurance plan. This plan shall be available to standard lives only without any medical examination and the total Sum Assured under all the policies issued to an Individual under this plan shall not exceed Rs. 2 lacs.

Minimum Basic Sum Assured : Rs. 75,000/-
Maximum Basic Sum Assured : Rs. 2,00,000/-
Minimum Policy Term : 10 years
Maximum Policy Term : 20 years
Minimum Entry Age : 8 years (completed)
Maximum Entry Age : 55 years (nearer birthday)
Maximum Age at Maturity for Life Assured : 75 years
Mode of Premium Payment : Yearly, half-yearly, quarterly & monthly
Accidental Death & Disability Benefit Rider is available on payment of additional premium.
Minimum entry age for the rider is 18 years.
Minimum Accident Benefit Sum Assured is Rs 10,000
Maximum Accident Benefit Sum Assured is an amount equal to the Basic Sum Assured subject to the maximum of Rs 1 Cr.

LIC's Jeevan Pragati Benefit Details

On Death after commencement of risk : "Sum Assured"

On Death before commencement of risk :"Sum Assured + Loyalty Addition if any."

Where 'Sum Assured on Death' is defined as the higher of

i. 10 times of Anualized Premium, OR

ii. 105%of all Premiums paid as on death

On Survival :On survival Basic Sum Assured + Loyalty Addition if any.

Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.

Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefitt : Premium paid under this plan is eligible for TAX rebate under section 80c.Maturity under this plan is free under sec 10(10D).

LIC's Limited Premium Endowment Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.

Minimum Basic Sum Assured : Rs. 3,00,000/-
Maximum Basic Sum Assured : No Limit
Minimum Policy Term :12 year or 16 year or 21 year
Premium Paying Term : 8 years or 9 years
Minimum Entry Age :18 years (completed)
Maximum Entry Age : 62 years (nearer birthday)
Maximum Age at Maturity for Life Assured : 75 years
Mode of Premium Payment : Yearly, half-yearly, quarterly & monthly
Accidental Death & Disability Benefit Rider is available on payment of additional premium.

LIC's Limited Premium Endowment Benefit Details

On Death : "Sum Assured + Vested Bonus + FAB if any."

Where 'S.A. on Death' is defined as the higher of
i. 10 times of Anualized Premium, OR

ii. 105%of all Premiums paid as on death OR

iii. 125%of Basic Sum-Assured.
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 atleast 2 full years premiums have been paid.

Loan : Loan Facillity is available under this plan, after payment of premiums for at least 2 full years.

Income Tax Benefit : Premium paid under this plan is eligible for TAX rebate under section 80c. Maturity under this plan is free under sec 10(10D).

LIC's Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.

Minimum Basic Sum Assured : Rs. 2,00,000/-
Maximum Basic Sum Assured : No Limit
Minimum Policy Term :16 Years OR 21 Years OR 25 Years
Premium Paying Term : For Term 16 Years PPT 10 years , For Term 21 Years PPT 15 Years , For Term 25 Years PPT 16 years
Minimum Entry Age :8 years (completed)
Maximum Entry Age : 59 years (nearer birthday)
Maximum Age at Maturity for Life Assured : 75 years
Mode of Premium Payment : Yearly, half-yearly, quarterly & monthly
Accidental Death & Disability Benefit Rider is available on payment of additional premium.

LIC's Jeevan Labh Benefit Details

On Death : "Sum Assured + Vested Bonus + FAB if any."
Where 'S.A. on Death' is defined as the higher of
i. 10 times of Anualized Premium, OR
ii. 105%of all Premiums paid as on death

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 atleast 3full years premiums have been paid.

Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefit: Premium paid under this plan is eligible for TAX rebate under section 80c. Maturity under this plan is free under sec 10(10D).

LIC's Jeevan Pragati Plan is a non-linked, with profits plan which offers a combination of protection and savings. This plan provides for automatic increase in risk cover after every five years during the term of the policy.

Minimum Basic Sum Assured :Rs. 1,50,000/-
Maximum Basic Sum Assured :No Limit (Multiple of Rs. 10,000/- only)
Minimum Policy Term :12 Years
Maximum Policy Term :20 years
Minimum Entry Age :12 years (completed)
Maximum Entry Age : 59 years (nearer birthday)
Maximum Age at Maturity for Life Assured : 65 years
Mode of Premium Payment : Yearly, half-yearly, quarterly & monthly
Accidental Death & Disability Benefit Rider is available on payment of additional premium.
Minimum entry age for the rider is 18 years.
Minimum Accident Benefit Sum Assured is Rs 10,000
Maximum Accident Benefit Sum Assured is an amount equal to the Basic Sum Assured subject to the maximum of Rs 1 Cr.

LIC's Jeevan Pragati Benefit Details

On Death : "Sum Assured + Vested Bonus + FAB if any."
Where 'S.A. on Death' is defined as the higher of

i. 10 times of Anualized Premium, OR

ii. 105%of all Premiums paid as on death

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 atleast 3full years premiums have been paid.

Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefit : Premium paid under this plan is eligible for TAX rebate under section 80c. Maturity under this plan is free under sec 10(10D).

This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.

Minimum Basic Sum Assured :Rs. 1,00,000/-
Maximum Basic Sum Assured :No Limit
Minimum Policy Term :13 years
Maximum Policy Term :25 years
Premium Paying Term : (Policy Term - 3) Years
Minimum Entry Age :18 years (completed)
Maximum Entry Age : 50 years (nearer birthday)
Maximum Age at Maturity for Life Assured: 65 years
Mode of Premium Payment : Yearly, half-yearly, quarterly & monthly
Accidental Death & Disability Benefit Rider is available on payment of additional premium.

LIC's Jeevan Lakshya Benefit Details

On Death : Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner.

• Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity)

• Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity). Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity)

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 atleast 3 full years premiums have been paid.

Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefit : Premium paid under this plan is eligible for TAX rebate under section 80c. Maturity under this plan is free under sec 10(10D).

Life Insurance Corporation of India

Podanur Branch , Coimabatore.