LIC Limited Premium Endowment Plan

This is a Limited Premium paying Non-linked, Conventional with-profit Endowment Assurance plan.

Eligibility Conditions & Restrictions

Minimum age:18 years (Completed)
Maximum age:62 years
Maximum maturity age:75 years
Policy Term:12 years / 16 years / 21 years
Premium paying term:8 years / 9 years
Minimum Sum Assured:Rs.3,00,000
Maximum Sum Assured:No limit
Premium payment:Yearly / Half yearly / Quarterly / Monthly (Thru Bank)
Loan:Eligible after 3 years
Surrender:Eligible after 3 years
On Death:Sum Assured + Bonus
On Maturity:Sum Assured + Bonus
Income Tax Benefits:Premiums paid are eligible for tax rebate under section 80c