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’s 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 5,000 | No Limit |
Policy Term(in years) | 12 | 35 |
Premium Payment Term (in years) | Equal to Policy Term | |
Entry Age of Life Insured (in years) | 8 | 55 |
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.