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Limited Premeum Endowment (830)

Product Summary :
LIC Limited Premium Endowment Plan (830) is a limited premium paying conventional With-Profits Endowment Assurance Plan.

Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
12 Year
16 Year
21 Year

P.P.T.
8 Year
9 Year

Minimum Entry Age :
18 Year Completed

Maximum Entry Age :
62 Year (Nearest Birthday)

Maximum Maturity Age :
75 Year

Minimum Sum Assured :
3,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 70.

Policy Benefits :

On Death :
125%of Basic Sum-Assured,OR
10 times of Annualized Premium, OR
105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.

On Survival :
On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.

Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast two full years premiums have been paid.

Loan :
Loan Facillity is available under this plan, after payment of premiums for at least 2 full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

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