ENDOWMENT PLAN




The life insurance corporation of India is known as the pioneer of insurance in India with its wide customer base the Lic is one of the trusted brand in the insurance sector.The life corporation of India offers wide range of insurance products available in the most affordable premium rates.With its expert customer service the lic of India helps you to get the best insurance policy as per your requirement and suitability.One can choose from the array of plans like protection plan,child protection plan,Ulip plan,endowment plan,saving plan group plan,retirement plan,etc.

In this article I will discuss brief about LIC’s present endowment plans and i will also provide link of there detailed features one by one.

1.NEW ENDOWMENT PLAN(814):- The new endowment plan offered by LIC is a participating endowment plan that offers the dual benefit of protection cum saving plan.As a simple vanilla policy Lic endowment plan comes with both death and maturity benefit, Unlike pure term insurance plan Lic endowment plan is beneficial for those who want to have a disciplined saving along with life coverage.
Below is the detailed feature of this plan.

1.NEW ENDOWMENT PLAN (814)

2.JEEVAN ANAND(815):- This plan is saving cum protection plan that provides you an opportunity to save an ample of amount so that you can fulfil your future financial goals.Moreover it also provide life protection to the family of the insured.
Below is the detailed feature of this plan.

2.JEEVAN ANAND (815)

3.JEEVAN LAKSHYA (833):-This is a participating endowment plan that is specifically designed to fulfill the requirements of the children.Under this plan the beneficiary (ie the child) receives the total sum assured amount in case of dismiss of their parent.Thus the plan ensures a proper financial support to the child so that he/she can accomplish the major milestones of life.
Below is the detailed description of this plan:

3.JEEVAN LAKSHYA(833)

4.LIMITED PREMIUM ENDOWMENT PLAN:-
Limited premium endowment plan is a limited premium paying conventional with-Profits endowment Assurance
Below is the detailed description of this plan:

LIMITED PREMIUM ENDOWMENT PLAN(830)

5.JEEVAN RAKSHAK (827):-
This is a regular premium paying non linked,with-profits,Endowment 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 2 lacs.

5.JEEVAN RAKSHAK (827)

6.JEEVAN LABH(836):-
Jeevan labh (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.

6.JEEVAN LABH(836)

7.JEEVAN PRAGATI(838)
Jeevan Pragati (838) is a non-linked, with profits Endowment Assurance Plan wherein the risks cover automatically increases after every five years five years during the policy term of the policy.

7.JEEVAN PRAGATI(838)

8.AADHAAR STAMBH(843):
AADHAAR STAMBH is a regular premium paying Non-linked,with profits,Endowment plan.This plan is exclusively designed for male lives having aadhar card issued by UIDAI. 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 should not exceed Rs 3 lacs.
8.LIC’s AADHAR STAMBH(843)

9.AADHAAR SHILLA:(844):-
This is a regular premium paying non-linked, With-profits,Endowment Assurance plan.This Plan is exclusively designed for FEMALE LIVES having Aadhar Card issued by UIDAI. 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 3 lacs.
AADHAR SHILLA(844)

manisha

I am an Insurance Adviser (LIC) and an online re-seller. Also I am working in online field from past five years.

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