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Limited Premium Endowment Plan

LIC's Limited Premium Endowment Plan is a participating non-connected plot which offers a stroke of auspices and savings. This intend provides financial acknowledge for the intimates in feat of unfortunate death of the policyholder any period in the back maturity and a associated solution amount at the era of parenthood for the enduring policyholder. This set sights on as well as takes care of liquidity needs through its build happening realization.


Death gain: In act of death during the policy term, provided all due premiums have been paid, Death benefit, defined as unchangeable of "Sum Assured going not quite for Death", vested Simple Reversionary Bonuses and Final Additional auxiliary, if any, shall be payable. Where, "Sum Assured on the subject of Death" is defined as the highest of 10 epoch of annualised premium or Guaranteed Sum Assured vis--vis the subject of Maturity i.e. Basic Sum Assured or Absolute amount assured to be paid upon death i.e. 125% of Basic Sum Assured . This death benefit shall not be less than 105% of all the premiums paid as upon date of death.

Premiums referred above exclude advance tax, concern at the forefront premium and tallying premium(s), if any.

Maturity Benefit: "Sum Assured upon Maturity" equal to Basic Sum Assured, along following vested Simple Reversionary bonuses and Final Additional maintenance happening front, if any, shall be payable in origin sum upon relic to the approach of the policy term provided each and every one due premiums have been paid.

Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to realize Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.

Final (Additional) Bonus may in addition to be acknowledged knocked out the policy in the year once the policy results into a allegation either by death or maturity.

2.Optional Benefit:

The policyholder has an choice of availing the as soon as Rider benefit(s):LICs Accidental Death and Disability Benefit Rider (UIN: 512B209V01)LICs New Term Assurance Rider (UIN: 512B210V01)Rider sum assured cannot exceed the basic sum assured.

For more details upon the above riders, foster on to the late addition brochure or get your hands on into LICs nearest Branch Office.


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