Product Information
Plan No. 914
  • LIC’s new endowment plan which gives the individual, life assurance along with savings.
  • The risk coverage under this plan enhances every year as LIC declared the bonuses. However, the premium does not change.
  • The customer gets the tax-free maturity under this plan which includes the bonus also along with Sum Assured.
  • This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
  • In case of a minor, this plan also has the premium waiver benefit in case of death of the parent.
  • This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
  • In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
  • LIC also offer the discount in the premium in case the mode of payment is Yearly.
  • The loan is also available to the policyholder after the completion of 1 year of the policy.
How Does This Policy Work
Sample illustration
Eligibility Criteria
 Min. Max.
Age 8 Years (Completed) 55 Years (Nearest Birthday)
Policy Term 12 Years 35 Years
Premium Payment Term Same as Policy Term
Basic Sum Assured Rs. 1 Lac No Limit
Maximum Maturity Age 75 Years (Near Birthday)