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LIC's Limited Premium Endowment Plan 830

Plan Number: 830

Plan name: LIC's Limited Premium Endowment

Maturity Benefit: Basic Sum-Assured + Reversionary Bonus + Final Additional Bonus

Death Benefit: 125%of Basic Sum-Assured, OR, 10 times of Annualized Premium, OR, 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.

Minimum Eligible Age: 18

Maximum Eligible Age: 62

Policy Term : 12; 16 & 21 years

Premium paying Term : 8 & 9 years

Minimum Sum assured: 3,00,000

Maximum Sum Assured: No Limit(Multiple of Rs. 10000)

Minimum age at entry for DAB is 18

Mode of Premium payment: Yly, Hly, Qtly, SSS & ECS

Gender Allowed: Both

Maximum age at entry for Accident benefit: 55

Max cover ceasing age Accident benefit: 70

Minimum Accident Benefit Sum Assured: 3,00,000 (Multiple of Rs. 10000)

Rebate: Available Yearly and Half yearly

Sum Assured Rebate: Available

Loan Available: After at least 2 years of Premium payments

Profit plan: with Profits

Back Dating: Yes, Policy is back dated to the lean months ,viz. April, May, July, and August, interest is to be charged for period in excess of 3 months.


Table No. 830 :

Minimum Age
18 years
Maximum Age at Entry
Premium Paying Term=8 years
Premium Paying Term = 9 years
12 years
16 years
21 years
Policy term
12, 16 and 21 years
Premium Paying Term
8 and 9 years
Minimum Basic Sum Assured
Rs. 3,00,000/-
Maximum Basic Sum Assured
No Limit





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