New Endowment (Table No: 814) of LIC, is a basic Life Insurance plan which provides adequate life cover during policy’s term and on maturity, this plan provides a healthy amount which can be used to fulfill financial requirements like children’s higher education and marriage. This plan may be recommended for everyone because of following reasons.

  • A sound combination of Life insurance and investment.
  • Low premium in comparison other plan in this category.
  • Eligible for bonus and Final Addition bonus declared by LIC.
  • Comparatively Higher Bonus
  • Double Accidental benefit with rider.
  • Tax saving on premium paid.
  • Tax Free maturity amount.

Plan Parameters

Age of Entry8 to 55 years
Premium Paying ModeYearly, Half Yearly, Quarterly, Monthly (ECS Only)
Policy Term12 to 35 Years
Basic Sum Assured100000 and above ( in multiples of 5000)
Policy Revivalwithin 2 year
Premium Mode Rebate2% on yearly, 1% on Half Yearly, Nil on Quarterly
Higher Sum Assured Rebate0% on 0 to 1,95,000 of Sum Assured 
2% on 2,00,000 to 4,95,000 of Sum Assured
3% on 5,00,000 and above Sum Assured
LoanAfter 3 years
SurrenderAfter 3 years of full premium payment [ Surrender Value Calculator]