LIC new endowment policy plan 914

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LIC new endowment policy plan 914

Investing in a secure future is one of the wisest decisions you can make. Endowment policies are an excellent option for individuals looking to ensure financial security for their families in the future. LIC India‚Äôs New Endowment Policy Plan No. 914 is one such policy. This comprehensive blog post will explain the features and benefits of LIC’s New Endowment Policy Plan 914 and why it’s a great option for your long-term investment needs. We will also cover the eligibility criteria, premium payments, maturity benefits, taxability, and other important details about this plan. So let’s get started!

LIC New Endowment – Eligibility Criteria

Minimum Maximum
Sum Assured (in Rs.)1,00,000, in multiples of 5,000No Limit
Policy Term(in years) 1235
Premium Payment Term (in years) Equal to Policy Term
Entry Age of Life Insured (in years) 855
Age at Maturity (in years) 75 years
Monthly Premium (in Rs.) For Age 12 to 49 years: Rs.250/-Rs. 10,000/-
Payment modes Yearly, Half Yearly, Quarterly or Monthly

LIC new endowment policy plan 914

The LIC New Endowment Plan 914 is a life insurance policy that provides coverage for the policyholder’s entire life. The policy pays out a death benefit to the beneficiaries upon the policyholder’s death. The policy also has an investment component, which allows the policyholder to grow their money over time. The minimum investment amount is Rs. 5,000 and the maximum investment amount is Rs. 1 lakh. The policy has a lock-in period of 5 years and it offers guaranteed returns.

LIC new endowment policy plan no 914 review

The new endowment policy plan from LIC is a great option for those looking for an affordable way to save for their future. This plan offers a variety of benefits and features that make it a great choice for anyone looking to secure their financial future. One of the main benefits of this plan is its affordability. This plan is very reasonably priced, making it a great option for those on a budget. Additionally, this plan offers a variety of features that make it a great choice for anyone looking to secure their financial future. Some of the key features of this plan include: – A death benefit that will pay out the full sum assured to your beneficiaries in the event of your death – A maturity benefit that will pay out the full sum assured plus any accumulated bonuses if you live to the maturity date – A bonus system that allows you to earn additional money on your investment Overall, the new endowment policy plan from LIC is a great option for anyone looking to secure their financial future. This affordable plan offers a variety of benefits and features that make it a great choice for anyone on a budget. LIC New Endowment Plan is one of the best traditional plan. The premium payment is to be paid for the entire tenure. On survival at the end the policy tenure, the policy pays the benefits to the survivor. In the case of the death of the insured person, the death benefits are paid to the nominee and the policy terminates.
LIC New Endowment Policy 914 Benefits

LIC New Endowment – Key Features

The insured person seeks additional coverage; the plan can be extended with additional premium payment.
The plan also pays simple reversionary bonus on maturity or death whatever be the condition.
There is a massive sum assured rebate available in the plan.
The plan guarantees assured returns and bonus.
An insured person can also avail LIC’s Accidental Death and Disability Benefit Rider

LIC of India new endowment plus policy details

The lic of India new endowment plus policy is a whole life insurance policy that provides coverage for the policyholder’s entire life. The death benefit payable under this policy is equal to the sum assured plus any accumulated bonuses. This policy also has a cash value component, which grows tax-deferred and can be accessed through loans or withdrawals. Policyholders can choose to pay premiums for a limited period of time, after which the policy will be fully paid up. This makes the lic of india new endowment plus policy an ideal choice for those who want permanent life insurance coverage but don’t want to continue paying premiums indefinitely.

is lic endowment policy good

There are many factors to consider when determining whether or not an insurance policy is a good fit for you. Some people may find that a whole life insurance policy is a better fit for their needs, while others may prefer term life insurance. Ultimately, it depends on your specific financial goals and needs.
When it comes to endowment policies specifically, there are some pros and cons to consider. On the plus side, endowment policies can be a good way to save for retirement or other long-term financial goals. They also offer death benefits, which can help provide financial security for your loved ones in the event of your death.
On the downside, endowment policies often have high premiums and fees, and they may not be as flexible as other types of life insurance policies. Additionally, if you cash out your policy early, you may not get all of your money back.
So, is an endowment policy right for you? Ultimately, that decision depends on your unique circumstances. However, it’s important to do your research and understand all of the potential risks and rewards before making any final decisions.

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