HARI OM FINANCIAL SOLUTIONS
CNRWA - 23, Kalarivathukkal
David Colony, Chilavannoor Road
Kochi - 682020, Kerala.
9895031337
9895666337
amkishorehcl@gmail.com
LIC’s New Endowment Plan is a traditional savings-cum-protection plan.
It provides financial security for your family through life cover and a lump-sum maturity benefit at the end of the policy term.
It’s ideal for those who want risk-free savings with life insurance protection.
| Feature | Details |
|---|---|
| Plan Type | Non-linked, Participating, Savings-cum-Protection Plan |
| Premium Payment Mode | Yearly, Half-yearly, Quarterly, or Monthly |
| Policy Term | 12 to 35 years |
| Minimum Entry Age | 8 years (completed) |
| Maximum Entry Age | 55 years |
| Maximum Maturity Age | 75 years |
| Minimum Sum Assured | ₹1,00,000 |
| Maximum Sum Assured | No limit (based on underwriting) |
| Loan Facility | Available after 3 years of premium payment |
| Surrender Value | Available after 3 years |
| Bonus | Eligible for Simple Reversionary Bonus and Final Bonus (as declared by LIC) |
Let’s assume:
You pay ₹25,000 every year for 20 years.
LIC declares annual bonuses, which are added to your policy each year.
At the end of 20 years, you get:
Maturity Amount = Basic Sum Assured + Accrued Bonuses + Final Additional Bonus
Example (approximate):
If total bonuses = ₹2,50,000,
✅ Maturity = ₹7,50,000 (₹5,00,000 + ₹2,50,000)
If the life assured passes away during the policy term:
| Condition | Benefit |
|---|---|
| Before risk commencement (for minors) | Refund of premiums paid (excluding taxes) |
| After risk commencement | Sum Assured on Death + Bonuses (if any) |
Sum Assured on Death = Higher of:
Minimum death benefit = 105% of all premiums paid (excluding taxes)
| Benefit | Description |
|---|---|
| Life Cover | Financial security for family during policy term |
| Savings | Guaranteed maturity with yearly bonus additions |
| Loan Facility | Available after 3 years |
| Tax Benefits | Under Sections 80C (premium) and 10(10D) (returns) |
| Bonus Eligibility | Participates in LIC’s profit-sharing system |
| Flexibility | Choose term and premium mode as per need |
| Particular | Details |
|---|---|
| Age | 30 years |
| Policy Term | 20 years |
| Sum Assured | ₹5,00,000 |
| Annual Premium | ₹25,000 approx. |
| Approx. Maturity Value | ₹7.5 – ₹8 lakh |
| Death Benefit | ₹5 lakh + Bonuses |
✅ Combines protection + savings + guaranteed maturity
✅ Bonus participation adds extra growth
✅ Life cover throughout the policy term
✅ Safe, stable, and backed by LIC’s trust
✅ Flexible premium payment and loan option
Rest Assured !
