LIC’s   NEW   ENDOWMENT   PLAN
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LIC’s NEW ENDOWMENT PLAN Table No. 814 PowerPoint PPT Presentation


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LIC’s NEW ENDOWMENT PLAN Table No. 814. LIC’s New Endowment Plan – Benefits. No change. Modified ‘Sum Assured on Death' instead of SA. LIC’s New Endowment Plan – Benefit on Death. What is Sum Assured on Death? Sum Assured on Death shall be Higher of ~ Basic Sum Assured (BSA)

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LIC’s NEW ENDOWMENT PLAN Table No. 814

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Lic s new endowment plan table no 814

LIC’s NEW ENDOWMENT PLAN

Table No. 814


Lic s new endowment plan table no 814

LIC’s New Endowment Plan – Benefits

No change

Modified ‘Sum Assured on Death' instead of SA.


Lic s new endowment plan table no 814

LIC’s New Endowment Plan – Benefit on Death

What is Sum Assured on Death?

Sum Assured on Death shall be Higher of ~

Basic Sum Assured (BSA)

OR

10 times Annualised Premium.(10 x AP).

[*The premiums mentioned in death benefit are excluding taxes, extra premiums and premiums for riders, if any]


Lic s new endowment plan table no 814

LIC’s New Endowment Plan

Eligibility Conditions and Restrictions

Age at entry modified

Policy term modified

Minimum Sum Assured Modified


Lic s new endowment plan table no 814

LIC’s New Endowment Plan ~ Rebates

Rate modified

Slab & Rate modified


Lic s new endowment plan table no 814

LIC’s New Endowment Plan ~ Policy Loan

% of loan modified


Lic s new endowment plan table no 814

LIC’s New Endowment Plan ~ Surrender Value

No Change

GSV % modified

Bonus Payablemodified


Lic s new endowment plan table no 814

LIC’s New Endowment Plan

No change in SSV


Lic s new endowment plan table no 814

LIC’s New Endowment Plan ~ Table No. 814


Lic s new endowment plan table no 814

LIC’s New Endowment Plan –

Changes over Table No.14

  • ‘Sum Assured on Death’ has been defined separately.

  • Age at entry has been reduced.

  • Percentage of Loan payable as a percentage of Surrender Value shall depend upon policy term.

  • GSV percentage shall also depend on policy term and year of Surrender.

  • Rebates for high SA and premium mode modified.


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