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LIC's NEW ENDOWMENT PLUS

LIC's NEW ENDOWMENT PLUS (UIN: 512L301V01)
 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDERS WILL NOT BE ABLE TO SURRENDER/ WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR.
LIC's New Endowment Plus is a unit linked non-participating self-starter assurance try which offers investment cum insurance lid during the term of the policy. This scheme is specially intended for you to offer a no examine enjoyable amalgamation of guidance and long term savings and along with provides you greater adaptableness to construct a enlarged vigor and realise your dreams.

You have a other of investing premiums in one of the four types of investment funds user-understandable. Premiums paid after elimination of Premium Allocation Charge will moreover units of the Fund type selected. The unit fund is subject to various charges and value of units may combined or subside, depending about Net Asset Value (NAV).

1.      Payment of Premiums: You may pay premiums regularly at twelve-monthly, half-yearly, quarterly or monthly (through ECS mode unaided) intervals behind more the term of the policy.

A grace time of 30 days will be allowed for payment of twelve-monthly or half-yearly or quarterly premiums and 15 days for monthly (ECS) premiums.

2.      Benefits:
A)    Death Benefit: On death of the Life Assured in the by now the stipulated Date of Maturity provided policy is inforce, later
On death upfront the Date of Commencement of Risk:
An amount equal to the Policyholder's Fund Value shall be payable.

On death after the Date of Commencement of Risk:
An amount equal to the cutting edge of Basic Sum Assured or Policyholder's Fund Value shall be payable. Where, Basic Sum Assured is (10 * Annualized Premium) or (105% of the unlimited premiums paid), whichever is vanguard.

B)     Maturity Benefit:
On Life Assured enduring the date of maturity provided the policy isinforce, an amount equal to Policyholder's Fund Value shall be payable.

3.      Optional Benefits:
The policyholder has an substitute of availing LIC's Linked Accidental Death Benefit Rider (UIN: 512A211V01).

For more details upon the above Rider, minister to on to the Rider brochure or right to use LIC'snearest Branch Office. 

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