Limited Premium Endowment Plan(830)





PRODUCT SUMMARY:-
Limited premium endowment plan is a limited premium paying conventional with-Profits endowment Assurance plan.

PREMIUM PAYING MODE:-
Yearly, Half yearly, Quarterly, Monthly(ECS)

TERM
12 years
16 years
21 years

PREMIUM PAYING TERM
8 years
9 years

MINIMUM ENTRY AGE:-
18 years completed

MAXIMUM ENTRY AGE:-
62 years(nearest birthday)

MAXIMUM MATURITY AGE:-
75 years

MINIMUM SUM ASSURED:-
3,00,000/- rs

MAXIMUM SUM ASSURED
No Limit (Depending upon the income)

POLICY BENEFITS:-

ON DEATH:-
125% of basic sum assured ,OR 10 times of Annualized premium, OR 105%of all premiums paid as on death, WHICHEVER IS HIGHER.

ON SURVIVAL:-
On survival Basic sum-assured + Revisionary Bonus+ Final Additional Bonus.

SURRENDERED VALUE:-
The policy can be surrendered at any time during the policy term provided atleat two full years premiums have been paid.

LOAN:-
Loan facility is available under this plan, after payment of premiums for at least two 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 sec10(10D).

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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1 Response

  1. 25th May 2019

    […] LIMITED PREMIUM ENDOWMENT PLAN(830) […]

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