LIC lunched new Endomendent Plan

Hi friends,

It is a 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. It also takes care of liquidity needs through its loan facility.

Check out the Limited Premium Endowment Plan Circular T-830 pdf and Ready Reckoner T-830

Maturity benefit: Basic SA + Reversionary Bonus + Final Additional Bonus
Death Benefit:

§  125% of Basic SA OR

§  10 times of Annualised Premium OR

§  105% of all premiums paid as in death,

WHICHEVER is HIGHER

Eligibility conditions:

Min. Basic SA : Rs. 3 Lakh

Max. Basic SA: No limit (In multiples of Rs. 10,000)

Policy term: 12, 16 and 21 years

Premium paying term: 8 to 9 years
Min age at entry: 18 yrs (Completed)
Max age at entry:

Term      PPT = 8 years      PPT = 9 years
12                  57                             62
16                  59                             59
21                  54                             54

Higher SA Rebate:

Basic SA                             Rebate (Rs.)

3,00,000 to 4,90,000             Nil
5,00,000 to 9,90,000           0.50%o B.S.A.
10,00,000 to and above       0.75%o B.S.A.

USP (Unique Selling Point)  
1. Latest plan from LIC of India offering ‘WITH-PROFIT” Regular Premium Endowment
2. Maximum age at entry 62 years for 12 years term and 9 years PPT
3. Another interesting USP of this plan is, its appealing IRR rate i.e. 8.94%. Check the calculation given below.

For Investing In this plan Please Contact me on 9341224143 or write to me at apekshainvest@gmail.com