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LIC New Endowment Plan (814 Table No) is a non linked plan offers an good combination of Life Insurance and also saving features, and financial security to the family members and nominee. List of best LIC New Endowment Policies which is launched in 2018 gives two major benefits are covered under this life insurance plan; One is maturity benefit at end of the policy term, Second benefit is complete protection to the policy holder for a specific period of time (policy term), it’s one of the Top Listed LIC New 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 New Endowment LIC 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 Endowment Policies 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 Like, 12 years, 15 years, 20 years, 25 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.
With the Endowment Plan Premium Calculator you can know the points of interest like Premium sum, development esteem, surrender esteem, credit esteem and returns of the Policy. Endowment Policy Premium adding machines will request that you input data like your age, policy term and measure of entirety guaranteed. Utilizing this data, the number cruncher will register the top notch which you will be required to pay towards your endowment policy.
Sample premium rates declared below in table (excluding service tax) per Rs. 1000/- Basic Sum Assured (SA):
Most endowment policies offer additional items to improve the insurance gave by the policy. A portion of the riders usually accessible with endowment approaches are as per the following.
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 300/340/360 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
Keeping in mind the end goal to apply for an endowment policy, clients will for the most part be required to submit essential documentation, for example, the accompanying:
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