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LIC's New Limited Premium Endowment Plan - 830


LIC launches New Plan - 830 - Limited Premium Endowment Plan.

This is a limited premium paying conventional With-Profits Endowment Assurance plan. The plan is available from Ages 18 years to 62 years with certain conditions. The attractive feature of this plan is that Premium paying term is 8 years or 9 years only, whereas the policy term can be for 12,16, and 21 years as per the choice.

Features in short:

  • Premium Paying Term            -           8 or 9 years.
  • Policy Term                             -          12, 16 or  21 years.
  • Minimum Basic Sum Assured -          Rs. 3, 00,000/-
  • Maximum Basic Sum Assured-          No Limit.
  • Guaranteed maturity benefits.
  • Max entry age                         -           62 Years
Beneficial for:
  • Those who want to pay short term. 
::: Benefit Illustration: Here is a simple illustration for sum assured of 5 Lacs.

Age
Sum Assured 5,00,000 , PPT - 8
& Mode – YLY
Age
PT-12 Yrs
Prem Rs
 PT-16 Yrs
Prem Rs
PT-21 Yrs
Prem Rs
30
56,607
48,701
40,442
45
58,425
51,277
44,180
54
61.582
55,369
49,736
Maturity
Benefits
7,40,000
8,64,500
10,54,000


Age
Sum Assured 5,00,000 , PPT - 9
& Mode – YLY
Age
PT-12 Yrs
Prem Rs
 PT-16 Yrs
Prem Rs
PT-21 Yrs
Prem Rs
30
51,706
44,508
36,956
45
53,449
46,907
40,442
54
56,480
50,797
45,645
Maturity
Benefits
7,40,000
8,64,500
10,54,000


















Now that time has come to start planning for IT and financial savings. Saving slab under 80c also raised from 1L to 1.5L.  so why wait? Hurry up and contact us.

For more details about the plan, contact us / comment below :)

Happy Savings and happy plannings.


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