Limited Premium Endowment Plan (T-830)

LIC Limited Premium Payment Plan is a short term Endowment Plan in which client have to pay the premium for only 8 or 9 years and have the maturity options of 12 years, 16 years & 21 years according to their needs. This plan is most suitable for those who don’t want to invest their money for a longer term and want a huge corpus to accumulate for their future needs.

LIC Limited Premium Payment Plan – USP’s

Let’s check some unique selling points of Limited Premium Endowment Plan

• Cover wide age group from 18 years to 62 years of clients.
• Risk cover up to 125% of sum assured from day 1.
• Shorter premium paying term reduces long term burden.
• Medium and long term of the policy helps to accumulate huge corpus for their specific purposes.
• High bonus rates provide better returns.
• This Plan is available with helpful add-on riders like accidental rider and term rider for extra benefits to the policyholder.
• Double tax benefit of section 80C and 10(10D).
• Policyholders can avail loan facility on this plan after completing 3 years.

Policy Benefits Of LIC Limited Premium Endowment Plan:

ON DEATH:

Sum Assured on Death (125% of Basic Sum Assured) + Vested Bonus + FAB if any,

ON SURVIVAL:

Basic Sum Assured + Vested Bonus + FAB.

Eligibility Criteria: