Plan: Limited Premium Endowment(830)
LIC Limited Premium Endowment Plan (830) is a limited premium paying conventional With-Profits Endowment Assurance Plan.Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(NACH)/ SSS
Term :
12 Year
16 Year
21 Year
PPT* :
8 Year
9 Year
Minimum Entry Age :18 Year Completed
Maximum Entry Age :62 Year (Nearest Birthday)
Maximum Maturity Age :75 Year
Minimum Sum Assured :3,00,000
Maximum Sum Assured :NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
125%of Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
On Survival :
On survival Basic Sum Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast two full years premiums have been paid.
Loan :
Loan Facillity is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
