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.
KEY FEATURES
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Cover wide age group from 18 to 62 years.
Risk Cover Up to 125% of Basic Sum Assured.
Best Option to Create Wealth for Future to Beat Inflation and to Ensure Financial Independency.
To Achieve Your Financial Goals.
Short Premium Paying Term And Short Term & Long Term Both Maturity Options Available.
Eligible for Bonuses and Final Addition Bonuses declared by LIC.
Term Rider Benefit Available
Double Accident Rider Available.
Double Tax Benefit Available (Premium Paid gives 80C Tax Benefit up to Rs. 1,50,,000 and Maturity is also Tax Free under section 10(10D)).
Loan and Surrender Facility Available.
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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