Product Summary:
·
LIC Limited Premium Endowment Plan (830) is a
limited premium paying conventional With-Profits Endowment Assurance Plan.
Premium Payment Mode: Yearly, Half Yearly, Quarterly,
Monthly (ECS)
Term: 12, 16 & 21 Years
PPT: 8, 9 Years
Minimum Entr y 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:
o
125%of Basic Sum-Assured, OR
o
10 times of Annualized Premium, OR
o
105%of all Premiums paid as on death,
o
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 Facility 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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