LIC’s Limited premium endowment policy (Plan No: 830) is a non-linked guaranteed life insurance plan which provides protection with investment.
Age of Entry | 18 to 62 years |
Premium Paying Mode | Yearly, Half Yearly, Quarterly, Monthly (ECS Only) |
Premium Payment Term | 8 or 9 Years (Fixed) |
Policy Term | 12, 16 and 21 Years (Fixed) |
Basic Sum Assured | 300000 and above ( in multiple of 10000) |
Policy Revival | within 2 year |
Sum Assured | Minimum 75,000 and Maximum 3,00,000 |
Rebate Premiums | 2% on yearly, 1% on Half Yearly, Nil on Quarterly Loan After 2 years |
Surrender | After 2 years of full premium payment |
Guaranteed Surrender Value | From 30% to Maximum 80% of total premium paid |