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Limited Premium Endowment Plan (T-830)

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.

POLICY BENEFITS:

ON DEATH: Sum Assured on Death (125% of Basic Sum Assured) + Vested Bonus + FAB if any,

ON SURVIVAL: Basic Sum Assured + Vested Bonus + FAB.

Eligibility Criteria

Minimum Age to Apply 18 Years (Completed)
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

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