LIC New Endowment Plan (714)
Protection with disciplined savings
Results
Fill the details on the left and press Calculate Premium to see the estimate.
About this plan
A traditional participating endowment plan that pairs life cover with long-term savings, paying a lump sum with bonuses at maturity.
Eligibility
- Entry age: 8 to 55 years
- Policy term: 12 to 35 years
- Minimum sum assured: ₹2,00,000
- Maximum sum assured: no limit (in multiples of ₹10,000)
- Maximum maturity age: 75 years
Benefits
- Maturity benefit: Sum Assured + vested bonuses + Final Additional Bonus (if any)
- Death benefit: Sum Assured on death + accrued bonuses + FAB (if any)
- Optional riders: AD&DB, Term, PWB, Accidental Benefit
Important notes
- GST is charged at 4.5% on first-year premium and 2.25% on renewals; a blended rate is shown here.
- Bonus & FAB values are indicative, based on recently declared rates.
- Grace period of 30 days and free look period of 15 days apply per LIC rules.