What is new endowment plan 914?

What is new endowment plan 914?

The LIC New Endowment plan (Plan No: 914) is a must to avail plan considering the many benefits it offers to the customer. It is a non-linked life insurance policy that offers guaranteed returns and bonus. The plan is enlisted under the vanilla plans of LIC that offer death and maturity benefits.

What is the benefit of new endowment plan 814?

New Endowment (Table No: 814) of LIC, is a basic Life Insurance plan which provides adequate life cover during policy’s term and on maturity, this plan provides a healthy amount which can be used to fulfill financial requirements like children’s higher education and marriage.

What is new endowment plan 814?

LIC New Endowment Plan – Table no 814. LIC New Endowment Plan is a non-linked life insurance policy which offers guaranteed returns and bonus. The policy can be availed for duration of 12 to 35 years. Policy can be taken for anyone between 8 to 55 years of age and can be continued till 75 years of age.

Is it good to invest in LIC endowment plan?

Endowment plans are beneficial since this is a long term plan and provides better returns over a long period of time. 4. An endowment plan may give you lower returns but the investment associated risk is very low in an endowment plan. Under endowment policy, the policyholder can also avail tax benefits on the returns.

Is there maturity calculator for LIC New endowment plan 814?

If take 814 it will provide on time maturity on completion of policy term, your can use maturity calculator for approx benefits related to your proposed plan. This plan (814) will not provide pension, you can purchase available pension plan using maturity amount at the the time of maturity.

Are there OCIS for endowment new endowment plan 814?

Yes, OCIs are available. Sir I had taken endowment new policy 814, for 15 yrs. just a week before.I want to know how many years i have to pay the premium. If it for 15years, then you will have to pay premium for 15 years and after 15 years you will get maturity.

Which is the best new endowment plan in India?

Premium and Maturity Calculator – LIC New Endowment Plan 814. New Endowment (Plan 814) is an evergreen plan from LIC of India, which offers good returns and insurance coverage at moderate premium. It is a conventional, with-profit, non-linked, endowment assurance plan where term of the plan can be chosen as per the wish of the policy holder.

Is this new endowment plan or old plan?

The Payment Structure goes like this for 5000 slot of tenure 16 years. Is this a new plan or old one. New Endowment plan (814) plan is currently available for purchase and it provides one time maturity. Please this planner to calculate approx benefits. The maturity amount can be used to buy pension plan available at that time.