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LIC New Endowment Plus Plan (Plan no.835)

This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy

The policy holder can choose from 4 Investment Fund types:

Eligibility Conditions & Restrictions
BOND FUND : Investment in Government : Not less than 60%
Short-term Investment : Not more than 40%
Investment in listed equity shares : NIL
Fund for risk / return : Low risk
SECURED FUND : Investment in Government : Not less than 45%
Short-term Investment : More than 40%
Investment in listed equity shares : Not less than 15% & Not more than 55%
Fund for risk / return : Steady Income – Low to medium risk
BALANCED FUND : Investment in Government : Not less than 30%
Short-term Investment : Not more than 40%
Investment in listed equity shares : Not less than 30% & Not more than 70%
Fund for risk / return : Balanced Income & Growth – Medium risk
GROWTH FUND : Investment in Government : Not less than 20%
Short-term Investment : Not more than 40%
Investment in listed equity shares : Not less than 40% & Not more than 80%
Fund for risk / return : Long term Capital growth – High risk
Minimum age : 90 days
Maximum age : 50 years
Minimum maturity age : 18 years (Completed)
Maximum maturity age : 60 years
Minimum Sum Assured : 10 times of Annualized premium
Maximum Sum Assured : No limit
Minimum premium : Rs.20,000 for Yearly
Rs.13,000 for Half yearly
Rs. 8,000 for Quarterly
Rs. 3,000 for Monthly (Thru Bank)
Policy term : 10 years to 20 years
Premium payment : Yearly / Half yearly / Quarterly / Monthly (Thru Bank)
Loan : Not available
Surrender : Eligible after 5 years
On Maturity : Fund Value
Income Tax Benefits : (i) Premiums paid are eligible for Tax rebate u/s 80c
(ii) Maturity amount / Death claim is Non taxable u/s 10(10d)

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