Toggle navigation
Home
Know Us
About Us
Photo Gallery
Awards & Certificates
Client Testimonials
Our Services
My Portfolio
Calculator
Newsletter
eGreetings
Our Products
Life Insurance
Mutual Funds
Top Performing Funds
Dividend Declared
New Funds Offer
Search Funds
Health Insurance
Personal Accident
Travel Insurance
Motor Insurance
FD's and Bonds
Small Savings
Useful Information
Tax Info
Articles
Industry News
Learning Center
Tax Guide
Insurance Guide
FAQs
Glossary
Online Payment
TPA
Videos
NJ Investment
NJ E-Weatlh
NJ Client Desk
NJ Partner Desk
Downloads
Forms
MF Forms
KYC Forms
General Forms
Reach Us
Social Network
Contact Us
Login
» Home » Information » Product Information
back
Share
Tweet
Product Information
Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.
Understand Life Insurance
Dhan Sanchay
Saral Jeevan Bima
Bachat Plus
New Endowment Plan
New Jeevan Anand
Aadhaar Stumb
Jeevan Labh
Aadhaar Shila
Jeevan Lakshya
Single Payment Endowment
Bima Jyoti
Jeevan Tarun
Jeevan Lakshya
New Children’s Money Back Plan
Jeevan Umang
New Jeevan Anand
Saral Pension
Jeevan Akshay- VII
Jeevan Shanti
Cancer Cover
Jeevan Arogya
Jeevan Amar
Jeevan Umang
Bima Shree
Jeevan Shiromani
New Money Back Plan 25 Years
New Money Back Plan
New Bima Bachat
Dhan Rekha
New Pension Plus
SIIP
Nivesh Plus
New Endowment Plus
fiogf49gjkf0d
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 2 years of the policy.
Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years
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)
Rider
LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR)
Rider
LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER
Rider
LlC's ACCIDENT BENEFIT RIDER
Rider
LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB) - If life assured is Minor
Rider
LIC's NEW TERM ASSURANCE RIDER (TR)
Back
fiogf49gjkf05