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 50 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
Eligibility Criteria
