LIC’s New Endowment Plan 914: The Perfect Investment Opportunity for a Secure Future

Are you searching for a reliable investment plan that will secure your future? Look no further because LIC’s new endowment plan 914 is here to offer you the perfect solution. With its unique features and benefits, this investment opportunity can help you achieve financial stability and peace of mind for years to come. Whether you are planning for your retirement or building a nest egg for your family’s future, LIC’s new endowment plan 914 is worth considering. In this blog post, we’ll explore the reasons why this plan is an excellent choice for anyone looking to invest in their financial security. So sit back and discover how LIC’s new endowment plan 914 can change your life!

Introduction to LIC’s New Endowment Plan 914

LIC’s New Endowment Plan 914 is a unit-linked insurance plan that offers you the dual benefits of life insurance and investment. This makes it the perfect investment opportunity for those who are looking to secure their future.

The plan gives you the flexibility to choose your own investment options, which can be customized according to your risk appetite and financial goals. You can also switch between different investment options as per your changing needs.

What makes this plan even more attractive is the fact that it comes with a built-in accident benefit rider, which provides you with an additional sum assured in case of accidental death. This ensures that your family will be financially protected in case of any unforeseen eventuality.

So, if you are looking for an investment option that offers security, flexibility and peace of mind, then LIC’s New Endowment Plan 914 is the perfect choice for you.

Features and Benefits of the Plan

The LIC New Endowment Plan is a whole life insurance policy that offers a variety of features and benefits to policyholders. Some of the key features and benefits of the plan include:

– Death benefit: The death benefit payable under the LIC New Endowment Plan is equal to the sum assured plus any accrued bonuses. This ensures that your loved ones will be financially protected in the event of your death.

– Maturity benefit: If you survive to the end of the policy term, you will receive the sum assured plus any accrued bonuses as a maturity benefit. This can provide you with a lump sum of cash to help fund your retirement or other future goals.

– Bonus payments: The LIC New Endowment Plan offers bonus payments which are added to the sum assured and paid out on maturity or death. These bonus payments can help to boost the overall value of the policy and increase the benefits payable to your beneficiaries.

– Flexible premium options: The LIC New Endowment Plan offers a variety of different premium payment options, so you can choose a plan that suits your budget and financial needs. You can also make additional premium payments if you want to top up your coverage at any time.

– Tax benefits: Premiums paid towards an LIC New Endowment Plan are eligible for tax relief under Section 80C of the Income Tax Act. Additionally, the maturity proceeds and death benefit are both exempt from income tax. This can help to reduce your overall tax liability and increase

What are the Investment Options?

There are three main investment options available with LIC’s new endowment plan:

1. Equity – This option invests a portion of your premiums in stocks, providing the potential for higher returns over the long term. However, it also comes with more risk than the other options.

2. Debt – This option invests your premiums in fixed-income securities, such as bonds. It is a less risky option than equity, but also has lower potential returns.

3. Cash – This option allows you to earn interest on your premiums, providing a relatively safe way to grow your money. However, returns are typically lower than with the other options.

How to Calculate Surrender Value?

Assuming you have a policy with LIC, the first step is to find your surrender value. The surrender value is the amount of money you will get back from your insurance company if you cancel your life insurance policy. To calculate your surrender value, you will need to know the following:

-The face value of your policy: This is the amount of money that your beneficiaries will receive upon your death.

-The cash value of your policy: This is the amount of money that you have paid into your policy, plus any interest that has accrued.

-The number of years that you have been paying into your policy.

Once you have this information, you can use the following formula to calculate your surrender value:

 SV = (FV + CV) / N

where:

SV = Surrender Value

FV = Face Value

CV = Cash Value

N = Number Of Years You Have Been Paying Into Your Policy

For example, let’s say that you have a life insurance policy with a face value of $100,000 and a cash value of $20,000. You have been paying into this policy for 10 years. Using the formula above, we can calculate that your surrender value would be $30,000.

Benefits of Investing in LIC’s New Endowment Plan 914

When it comes to investing, there are a lot of options available. However, not all investment opportunities are created equal. Some offer more risk than others, while some provide more stability. If you’re looking for an investment that offers both security and potential for growth, you should consider investing in LIC’s New Endowment Plan 914.

Here are some of the benefits of investing in LIC’s New Endowment Plan 914:

1. Security: One of the biggest benefits of investing in this plan is the security it offers. Your investment is backed by LIC, one of the largest and most trusted life insurance companies in India. This means that you can be confident your money is in safe hands.

2. Potential for Growth: While your investment is secure, it also has the potential to grow over time. The policy provides for bonuses to be declared every five years, which can help boost the value of your investment.

3. Tax Benefits: Another benefit of investing in this plan is the tax advantages it offers. The premiums you pay towards the policy are eligible for tax deductions under Section 80C of the Income Tax Act. Additionally, the maturity proceeds are tax-free up to Rs 1 lakh under Section 10(10D) of the Act.

4. Flexibility: Another key advantage of this plan is its flexibility. You have the option to choose from a variety of policy terms (5-20 years), premium payment terms (single/regular

What is the Bonus Rate?

The Bonus Rate is an additional rate of return that is paid out on top of the regular rate of return. It is available for a limited time and is subject to change. The Bonus Rate is a great way to boost your investment returns and help you reach your financial goals sooner.

Drawbacks/Risks Involved with Investing in LIC’s New Endowment Plan 914

There are a few drawbacks/risks involved with investing in LIC’s new endowment plan 914. First and foremost, this is a long-term investment, which means that you will not see any returns on your investment for at least 10 years. Secondly, there is always the risk that the stock market may crash, which would result in you losing some or all of your investment. If you need to cash out early, you will likely incur significant penalties.

Conclusion

LIC’s New Endowment Plan 914 is certainly a great option for those looking to create a secure future. With its various benefits and features, it offers security and returns that are unmatched by other investment plans in the market. It also has flexible premium payment options which makes it suitable for investors of all levels. Therefore, if you are looking for an investment plan with low risk and high returns, then this endowment plan from LIC is perfect for you!

Frequently Asked Questions

1. What is LIC’s New Endowment Plan?

LIC’s New Endowment Plan is a whole life insurance policy that offers you financial protection in the event of your untimely death. It also provides you with a lump sum payout at the end of the policy term, which can be used to meet your financial goals.

2. How does this plan work?

This plan works by providing you with coverage for a specific period of time, typically 10-20 years. If you die during this period, your beneficiaries will receive the death benefit. If you survive to the end of the policy term, you will receive the maturity benefit, which can be used to achieve your financial goals.

3. What are the benefits of this plan?

Some of the main benefits of this plan include: death benefit, maturity benefit, tax-saving opportunities, and flexibility. This plan can provide you with peace of mind knowing that your loved ones will be taken care of financially if something happens to you. It can also help you reach your financial goals by providing you with a lump sum payout at maturity. Additionally, this plan offers tax-saving opportunities as the premiums paid are eligible for deduction under Section 80C of the Income Tax Act. This plan provides you with flexibility as you can choose from a variety of riders to customize your coverage.

4. Who is eligible for this plan?

In order to be eligible for this plan,