New Limited Premium Endowment Plan 830

LIC's new Limited Premium Endowment plan (Table no. 830)

Product Summary : LIC Limited Premium Endowment Plan (830) is a limited premium paying conventional With-Profits Endowment Assurance Plan.

Premium Payment Mode:  Yearly, Halfly, Quarterly, Monthly(ECS)

Term : 12 Year, 16 Year and 21 Year 

P.P.T. 8 Year or 9 Year

Minimum Entry Age : 18 Year Completed

Maximum Entry Age : 62 Year (Nearest Birthday)

Maximum Maturity Age : 75 Year

Minimum Sum Assured : 3,00,000

Maximum Sum Assured : NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 70.

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 + Reversionary Bonus+ Final Additional Bonus.

Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast two 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).