Endowment Plans
LIC’s New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features.
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. This plan also takes care of liquidity needs through its loan facility. The policy 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.
- Plan with guaranteed returns and bonus.
- Simple Reversionary Bonus is payable on maturity or earlier death
- Large Sum Assured Rebate is available
- LIC’s Accidental Death and Disability Benefit Rider can be taken
Take your first step towards building the life you always dreamed of…
When you consider the possibility of investing in life insurance, one of the first questions you’ll be faced with is this – who should buy life insurance? The answer to this question focuses on the financial situation of the investor. Typically, anybody who has a financial dependent would benefit from investing in life insurance. Financial dependents could include children, a spouse, a sibling, or even dependent parents.
Another category of people who should buy life insurance includes investors who want to enjoy the benefits of tax savings coupled with long-term capital appreciation. A life insurance policy is one of the few investment options that offers both these advantages. Aside from these benefits, there are many other ways in which life insurance can help the investor.
Life insurance works best when purchased as part of a carefully thought-out financial plan. We make sure you buy life insurance that best fits your need and requirement!