LIC Limited Premium Endowment Plan (Table 830) is a non linked plan offers an good combination of life insurance protection and also saving features (LIC short term Plan). Plan future recipe provides economic support to the family members of the deceased insured person (policy holder) any time of policy year before the policy maturity, and the bigger bump sum amount at the time of policy maturity to the policy holder. Also Have an option can take care of liquidity needs by the loan facility. Three major benefits are covered under this life insurance plan; First benefit is pay only for limited period (short term) that means less than the policy term, Second benefit is maturity benefit at end of the policy term, Third benefit is complete protection to the policy holder for a specific period of time (policy term) and free life insurance coverage after paying period till the policy term (maturity), it’s one of the Top Listed LIC Limited Premium Endowment Plan in India with good return.
Before buy the policy Know the Eligibility, Sum Assured, policy details, policy new features, benefits, reviews, life insurance coverage, maturity Benefits, premium calculator, maturity calculator, premium chart, return calculator, tax Benefits under Section 80(C) and Section 10 (D). Generally LIC Limited Endowment Policies are inbuilt Accidental Death and Disability Benefit Rider. PolicyandFunds.com is one of the top & best LIC Agent in Chennai, provides good customer services to choose perfect Life Insurance Plans in India 2018.
LIC Limited Premium Endowment Policy are the best tool to achieve Short-Term as well as Long-Term Financial Goals & for Retirement savings. LIC Policy gives highest return of bonus, final addition bonus in the Life Insurance Industry of India, Plans available paying terms Like, 8 years, 9 years, 16 years, 21 years up to 35 years, this policy helpful to to double the money easily, plans are also helps for girl or boy baby child future Higher Education, Carrier, future Marriage.
LIC’s Limited Period Endowment Policy is a Higher Returns with higher bonus
Sample premium rates declared below in table (excluding service tax) per Rs. 1000/- Basic Sum Assured (SA):
| Term | 12 years | 16 years | 21 years | |||
|---|---|---|---|---|---|---|
| Age/PPT (in yrs.) | 8 | 9 | 8 | 9 | 8 | 9 |
| 20 | 111.20 | 101.55 | 95.35 | 87.10 | 78.60 | 71.75 |
| 30 | 111.55 | 101.85 | 95.90 | 87.60 | 79.55 | 72.65 |
| 40 | 113.15 | 103.35 | 98.30 | 89.85 | 83.25 | 76.10 |
| 50 | 118.20 | 108.25 | 104.95 | 96.15 | 92.35 | 84.60 |
Under the policy Grace Period: 30 days will be allowed to premium pay. Policyholder if fails to pay the premium within the policy grace period, automatically the policy will be get lapsed. And there is a option to be revived the policy within the period of two years from the date of the first unpaid policy premiums.
Free Look Period: Policy holder are not satisfied under the policy condition or like coverage etc., policy holder have the options to cancel the policy within the period of 15 days from date of receipt, provided any claim happen LIC will not be paid.
Exclusions: Suicide committed within one year (12 months) of policy period from the date of commencement of risk, LIC will not pay any claim under this policy except for to the extent of 80% of the premiums paid excluding any taxes, extra premium and rider premiums, if any, provided the policy is in force.
Documents Required: Proposal Form 300/340 shall be filled under this plan with exact medical history, and also other proof of documents are required to completed the policy, like address proof and other Know your customer (KYC) documents. Additionally Medical test may required based on the sum assured also the age of the person wants to take the policy
” PolicyandFunds.com could save your time, money, and worries by providing door step solutions for all your Insurance & Investment needs” Thanks for Visiting. Have a Nice Day… Call For insurance policy and mutual investment : 9940056991