NEW ENDOWMENT POLICY(914)

LICNLIC Endowment Plan::: LIC Endowment Plan is a  non-linked  life insurance policy. LIC Endowment PlanoPlan offers guaranteed returns and bonus.  LIC Endowment Plan can be availed for duration of 12 to 35 years. Policy can be taken for anyone between 8 to 55 years of age and can be continued till 75 years of age.
In this plan, premium needs to be paid for the entire policy tenure.  The Sum Assured along with vested Simple Reversionary Bonus + Final Addition Bonus would be paid to the Life Insured on survival till the end of the Policy Tenure as Maturity Benefit.
Eligibility
Entry Age	Min. Age - 8 Years Max. Age - 55 Years
Polocy Term	Min. Term - 12 Years Max. Term - 35 Years
Premium Payment Mode	Yearly, Halfly, Quarterly, Monthly (NACH)
Sum Assured	Min. S.A - 1,00,000 Max. S.A - No LIMIT (Depending Upon Income)
Policy Benefits
Death	Sum Assured + Vested Bonus + FAB if any., or 7 times of Annualized Premium, or 105% of all Premiums paid as on death whichever is Higher.
Surrendered Value	Policy can be surrendered at any time during the policy term provided at least 2 full years premiums have been paid
Loan	Loans are available provided if at least 2 full years’ premiums have been paid
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).
Documents would be required	Recent colored photograph of the life insured and proposer
	Identity proof like Voter’s ID Card, PAN Card, Aadhar Card, Driving License, Passport, etc.
	Address proof like Voter’s ID Card, Driving License, Passport, Electricity bill, telephone bill, etc.
	Age proof like passport, voter’s ID Card, Aadhar card, etc.