• 9810733616
  • pradeepbhatia.life@gmail.com
  • English Video Endowment 914

    This plan is described as a combination of protection and savings.


    Hindi Video Endowment 914

    This plan is described as a combination of protection and savings.


    It is a non-linked life insurance plan which offers guaranteed returns in the form of Guaranteed Sum Assured and vested reversionary bonuses with Final Additional Bonus. Policy can be availed with duration of 12 years to 35 years and can be taken any person between the ages of 8 years to 55 years.

    Combination of Life insurance & investment

    It gives a lump sum amount at the end of term, to take care of important milestones in your life like retirement needs, children’s education, and children’s marriage. In case of unfortunate demise, family needs are taken care.


    Discount on higher Sum Assured

    On higher Sum Assured discount is offered on premium.
    If Sum Assured is more than Rs.200000/- then discount is given on premium and lower premium rates applied. 


    Low Periodic Premium

    Comparing Premium charged for other policies in Endowment Category, premium for New Endowment Assurance is low with good returns after completion of Term


    Profit Sharing as per Valuation

    Every year, LIC declares valuation results.
    As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.


    Additional Accident Benefit

    In case of untimely demise due to an accident, an additional sum equal to purchase price will be given.By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB and Term Rider.


    Advantages

    Avail Tax benefit on premium paid
    Tax Free maturity amount
    Tension Free Claim Settlement

    Conditions

     MinimumMaximum
    Entry Age8 Years Completed55 Years Nearest birthday
    Term12 Years35 Years
    PPTEqual to Term
    Maturity age75 Years Nearest birthday
    Sum Assured₹ 1,00,000/-
    Mode of PaymentYearly, Half Yearly, Quarterly, Monthly,Monthly(ECS)
    and through salary deducations(SSS)

    The basic Sum Assured shall be in multiples of ₹ 5,000/-


    DAB Conditions

    Maximum Sum Assured :- ₹ 1,00,00,000/- not exceed to the basic sum assured

    Minimum Entry Age :- 18 Years completed

    Maximum Entry Age :- 55 Years nearest birthday

    Maximum Maturity Age :- 70 Years nearest birthday


    Sum Assured shall be available in multiples of ₹ 5,000/-


    Term Rider Conditions

    Minimum Age At entry : 18 Years (Completed)

    Maximum Age At entry : 60 Years nearest birthday

    Minimum Sum Assured : ₹ 1,00,000

    Maximum Sum assured : ₹ 25,00,000

    Maximum Maturity Age : 75 Years nearest birthday


    Sum Assured in multiples of ₹ 5,000


    Premium Waiver Benefit (PWB) Rider – optional if Life Assured age is below 18 Years

    Condition for Proposer's Age:-

    Minimum Entry Age : 18 Years (completed)

    Maximum Entry Age : 55 Years (Nearer Birthday)

    Maximum cover ceasing age : 70 Years (Nearest Birthday)