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LIC’s NEW ENDOWMENT PLAN Table No. 814

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Baliram Kumar Chief Life Insurance Advisor & CM Club Member, LIC Agent. Shiv Mandir, Rajendra Path New Godown, Gaya-823002 Mob - 9934690332 / 8002877978 Email – baliram@licagentgaya.com Website – www.licagentgaya.com. LIC’s NEW ENDOWMENT PLAN Table No. 814.

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slide1

Baliram Kumar

Chief Life Insurance Advisor & CM Club Member, LIC Agent.

Shiv Mandir, Rajendra Path

New Godown, Gaya-823002

Mob - 9934690332 / 8002877978

Email –baliram@licagentgaya.com

Website – www.licagentgaya.com

LIC’s NEW ENDOWMENT PLAN

Table No. 814

slide2

LIC’s New Endowment Plan – Benefits

No change

Modified ‘Sum Assured on Death' instead of SA.

slide3

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]

slide4

LIC’s New Endowment Plan

Eligibility Conditions and Restrictions

Age at entry modified

Policy term modified

Minimum Sum Assured Modified

slide5

LIC’s New Endowment Plan ~ Rebates

Rate modified

Slab & Rate modified

slide7

LIC’s New Endowment Plan ~ Surrender Value

No Change

GSV % modified

Bonus Payablemodified

slide10

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.