LIC’s Limited Premium Endowment Plan (T-830) is having the Feature to Pay the Premium for a Short Term and Policy Benefits for a Long Term. Premium Paying Term is lesser (8 & 9 Years) In This plan And Policy Maturity Can Be Taken in 12, 16 & 21 years. This Means The Policyholder Have To Pay The Premium For A Short Term And Maturity Is High Due To Long Policy Maturity Term Options.
Minimum Age to Apply | 18 Years (Completed) |
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Maximum Age to Apply | 62 Years (Nearest Birthday) |
Policy Term | 12, 16 and 21 Years |
Premium Payment Term | 8 or 9 Years |
Maximum Maturity Age | 75 Years |
Premium Paying Mode | Yearly, Half Yearly, Quarterly, Monthly (NACH Only) |
Basic Sum Assured | 300000 and above ( in multiple of 10000) |
Loan | After 2 years |
Surrender | After 2 years of full premium payment |