• Non – linked, with-profits, regular premium payment Endowment plan for the age group of 8 years to 55 years.
  • Replaced LIC’s most famous and popular plan 14 with new benefits. This plan covers moderate risk cover with lower premium rate.
  • Plan with a unique combination of good returns and risk coverage.
  • Premium is exempted u/s 80 C and maturity amount is fully tax free u/s 10 (10) D.

Certain important features of the plan are.

1 – Minimum 12 years term to maximum 35 years. Maximum maturity age is 75.

2 – Sum assured – minimum Rs. 1,00,000 to maximum no limit ( subject to certain conditions).

3 – Wide range of premium modes are available, Yearly, half-Yearly, quarterly and monthly (ECS only or through salary deduction – SSS) .

4 – LIC’s accidental death and disability benefit is available for the age above 18 years as an optional rider with additional premium.

5 – Loan facility is available, provided full 3 years premium is paid and policy is in force.

6 – Policy can be surrendered at any time during the policy term, if it is in force.

Benefits

A ) Maturity Benefit:

  • On maturity, at the end of policy term, basic sum assured along with vested simple reversionary bonuses and final additional bonus, if any.

B ) Death Benefit

• In case of unforeseen death during the policy period of in force policy, sum assured on death with bonus and final additional bonus, if any shall be payable to the nominee. Death benefit shall not be less than 105% of all premium paid till