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LIC’s NEW ENDOWMENT PLAN Table No. 814

LIC’s NEW ENDOWMENT PLAN Table No. 814. LIC’s New Endowment Plan – Benefits. No change. Modified ‘Sum Assured on Death' instead of SA. LIC’s New Endowment Plan – Benefit on Death. What is Sum Assured on Death? Sum Assured on Death shall be Higher of ~ Basic Sum Assured (BSA)

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LIC’s NEW ENDOWMENT PLAN Table No. 814

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  1. LIC’s NEW ENDOWMENT PLAN Table No. 814

  2. LIC’s New Endowment Plan – Benefits No change Modified ‘Sum Assured on Death' instead of SA.

  3. LIC’s New Endowment Plan – Benefit on Death What is Sum Assured on Death? Sum Assured on Death shall be Higher of ~ Basic Sum Assured (BSA) OR 10 times Annualised Premium.(10 x AP). [*The premiums mentioned in death benefit are excluding taxes, extra premiums and premiums for riders, if any]

  4. LIC’s New Endowment Plan Eligibility Conditions and Restrictions Age at entry modified Policy term modified Minimum Sum Assured Modified

  5. LIC’s New Endowment Plan ~ Rebates Rate modified Slab & Rate modified

  6. LIC’s New Endowment Plan ~ Policy Loan % of loan modified

  7. LIC’s New Endowment Plan ~ Surrender Value No Change GSV % modified Bonus Payablemodified

  8. LIC’s New Endowment Plan No change in SSV

  9. LIC’s New Endowment Plan ~ Table No. 814

  10. LIC’s New Endowment Plan – Changes over Table No.14 • ‘Sum Assured on Death’ has been defined separately. • Age at entry has been reduced. • Percentage of Loan payable as a percentage of Surrender Value shall depend upon policy term. • GSV percentage shall also depend on policy term and year of Surrender. • Rebates for high SA and premium mode modified.

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