LIC Limited Premium Endowment Plan

 

This is a Limited Premium paying Non-linked, Conventional with-profit Endowment Assurance plan.

Eligibility Conditions & Restrictions
Minimum age : 18 years (Completed)
Maximum age : 62 years
Maximum maturity age : 75 years
Policy Term : 12 years / 16 years / 21 years
Premium paying term : 8 years / 9 years
Minimum Sum Assured : Rs.3,00,000
Maximum Sum Assured : No limit
Premium payment : Yearly / Half yearly / Quarterly / Monthly (Thru Bank)
Loan : Eligible after 3 years
Surrender : Eligible after 3 years
On Death : Sum Assured + Bonus
On Maturity : Sum Assured + Bonus
Income Tax Benefits : Premiums paid are eligible for tax rebate under section 80c