Plan :Limited Premium Endowment(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, 21 Year
P.P.T. : 8 Year & 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).
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term : 12 Year ,16 Year, 21 Year
P.P.T. : 8 Year & 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).
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