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  • LIC's Limited Premium 'Endowment Plan

Limited premium endowment plan (plan no. 830) features

This is a limited premium paying conventional With-Profits Endowment Assurance plan. The benefits and other details of the plan are given below

Eligibility Conditions and Restrictions

  • Age at entry : 18 Year.
  • Age at Maturity : 54 Years.
  • Plan Term : 12, 16 and 21 Years.
  • Premium Mode : Yearly, Half Yearly, Quaterly, Monthly(SSS or ECS).
  • Basic Sum Assured : 300000 and above (In multiples of 10000).
Limited premium endowment plan Mode Rebate
Mode Rebate
Yearly 2% of tabular premium
Half-Yearly 1% of tabular premium
Quaterly Nil
Limited premium endowment plan Sum Assured Rebate
Basic Sumassured Rebate
10,00,000 and above 0.75‰ BSA
5,00,000 to 9,90,000 0.5.00‰ BSA
3,00,000 to 4,90,000 Nill

LIC's Limited premium endowment plan (plan no. 830)– Maturity Benefits

On survival to the end of the policy term, “Sum Assured on Maturity” along with vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable. Where Sum Assured on Maturity is equal to Basic Sum Assured

LIC's Limited premium endowment plan (plan no. 830)– Payable on Death

On death of the Life Assured during the policy term, the Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable.

Where “Sum Assured on Death” is defined as the higher of 10 times of annualized premium or Absolute amount assured to be paid on death i.e. 125% of the Basic Sum Assured. This death benefit shall not be less than 105% of all the premiums paid as on date of death

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Documents Required

  • Proposal Form No 300
  • 1 Passport size Photograph(Proposor)
  • Your ID Proof (Passport, DL, PAN, Voter ID)
  • Your Age Proof (Passport, School Certificate, DL, PAN, Voter ID)
  • Address Proof

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