Endowment with profits

The Endowment Assurance Policy (T.No.-14) of LIC of India not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age.
Premiums are usually payable for the selected term of years or until death if it occurs during the term period.


Eligibilities:

• Minimum Entry Age- 12 years
• Maximum Entry Age- 65 years
• Maximum Maturity Age- 75 years
• Minimum-Maximum Term- 5-55 years
• Minimum Sum Assured- Rs. 50,000
• Maximum Sum Assured- No Limit
• Sum Assured (In Multiple)- Rs. 5,000
• Mode of Premium Payment- All

Benefits:

• On Maturity- Sum assured + Bonus + Final Additional Bonus (If Policy Term is more than 17 years) will be paid.
• On Death- Sum assured + Bonus + Final Additional Bonus (If Policy Term is more than 17 years) will be paid to the nominee.
• Accident Benefit- By paying a small extra premium of Rs.1 per Rs.1000/- sum assured per year he or his family are entitled to the following benefits on death or permanent disability caused by accident. Even students above the age of 18 years can avail of this benefit.