Friday, 12 December 2014


LIC's Limited Premium Endowment Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.

LIC's Limited Premium Endowment Plan 830
Plan Number: 830
Plan name: LIC's Limited Premium Endowment
Maturity Benefit: Basic Sum-Assured + Reversionary Bonus + Final Additional Bonus
Death Benefit: 125%of Basic Sum-Assured, OR, 10 times of Annualized Premium, OR, 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.
Minimum Eligible Age: 18
Maximum Eligible Age: 62
Policy Term : 12; 16 & 21 years
Premium paying Term : 8 & 9 years
Minimum Sum assured: 3,00,000
Maximum Sum Assured: No Limit(Multiple of Rs. 10000)
Minimum age at entry for DAB is 18
Mode of Premium payment: Yly, Hly, Qtly, SSS & ECS
Gender Allowed: Both
Maximum age at entry for Accident benefit: 55
Max cover ceasing age Accident benefit: 70
Minimum Accident Benefit Sum Assured: 3,00,000 (Multiple of Rs. 10000)
Rebate: Available Yearly and Half yearly
Sum Assured Rebate: Available
Loan Available: After at least 2 years of Premium payments
Profit plan: with Profits

More Details