New Endowment Plan

New Endowment Plan

  • Investment + Insurance Plan
  • Higher returns when compared to lot of other policies
  • Life cover extends up to premium payment term/ policy term.
  • No tax on premium paid
  • No tax on returns
  • Participatory plan - You get part of profits LIC makes as a bonus
  • Bonus on policy declared every year Loan is ava ilable after 3 years of premium payment
  • Policy can be surrendered after 3 years of premium payment
  • Accidental Death and Disability
  • Benefit Rider available
  • AGE:- 8-55,
  • Can be used as a Child Plan;Young age - lower premium Not many insurance providers have endowment plans for people above 50 years

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