Endowment Life Insurance Plans Offered By LIC

Single Premium Endowment Plan

This plan offers no limits on the maximum sum assured and can be taken by paying the entire premium in one lump sum. Some of its other features are:

1. The minimum sum assured is Rs.50,000 and the maximum is unlimited.

1. The policy offers maturity benefits and a guaranteed surrender value.

1.  It can be taken for periods ranging from 10 years to 25 years.

1. The minimum age of entry for this plan is 90 days and the maximum age is 65 years.

1. This policy can also be used to secure a loan.

New Endowment Plan

1. The minimum and maximum entry ages for this plan are 8 years and 55 years respectively.
2. There is no limit on the minimum sum assured and the minim sum assured is Rs.1 lakh.
3. The plan comes with tenures ranging from 12 years to 35 years.
4. The premiums can be paid every month, quarter, 6 months or every year.

New Jeevan Anand

1. The maximum sum assured under this plan has no limits.
2. The entry age for this policy ranges from 18 years to 50 years.
3. The tenures available range from 15 years to 35 years.
4. The cover under this policy continues till the age of 75 years.
5. The cover can also be enhanced using the Accidental Death and Disability rider.
   

Jeevan Lakshya

1. The minimum sum assured under this policy is Rs.1 lakh and there is no limit in the maximum.

1.  The tenure of the policy can be anything from 13 years to 25 years.

1. The premiums can either be paid annually, half-yearly, quarterly or monthly.

1.  If premiums are paid annual or half-yearly then they are eligible for discounts of 2% and 1% respectively.

Bima Jyoti

Individual life assurance savings plan that is non-linked, non-participating, and provides an alluring mix of savings and protection.

1. Policy term ranging up to 20 years

1. Minimum basic sum assured is Rs.1 lakh
2.  Entry age between 90 days and 60 years,

1. Individual life assurance savings plan that is non-linked, non-participating, and provides an alluring mix of savings and protection.

Bima Ratna

Individual savings life insurance plan that is non-linked, non-participating, and provides both protection and savings. This plan offers periodic payments upon the policyholder's survival for predetermined periods to address various financial demands, as well as financial support for the family in the terrible event of the policyholder's death during the policy term.

1. Policy term ranging up to 25 years

1. Minimum basic sum assured is Rs.5 lakh

1. Entry age is 5 years for a policy term of 15 years and 90 days for policy terms of 20 years and 25 years respectively.

Dhan Sanchay

A savings-oriented individual life insurance plan that is non-linked, non-participating, and provides both protection and savings. The purpose of this plan is to support the family financially in the event that the life assured passes away within the policy term. It also provides a guaranteed income.

1. Policy term up to 15 years

1. Minimum entry age is 3 years

1. Minimum basic sum assured is Rs.2.5 lakh

Jeevan Azad

A savings-oriented individual life insurance plan that is non-linked, non-participating, and provides both protection and savings.

1. Minimum entry age is 90 days

1. Minimum basic sum assured is Rs.2 lakh

1. Policy term up to 20 years

Dhan Vriddhi

A savings-oriented individual life insurance plan that is non-linked, non-participating, and provides both protection and savings. The purpose of this plan is to support the family financially in the event that the life assured passes away within the policy term. Additionally, it offers a guaranteed lump sum payment for the ensured surviving life on the maturity date.

1. Single premium plan

1. Policy term options of 10, 15, and 18 years

1. The minimum basic sum assured is Rs.1.25 lakh.

Jeevan Labh

A non-linked, non-participating, savings-oriented individual life insurance policy that offers both protection and savings.

1. The minimum basic sum assured is Rs.2 lakh.

1. Minimum entry age is 8 years completed.

1. The maximum maturity age is 75 years.

Aadhaar Stambh

An individual savings life insurance plan that is non-linked, participatory, and only available to men that provides both savings and protection. Should the policyholder pass away prematurely, this plan offers financial help to their family. If the policyholder survives to maturity, the surviving policyholder will get a lump sum payment.

1. The minimum basic sum assured is Rs.2 lakh.

1. Minimum entry age is 8 years completed.

1. The policy term is between 10 years and 20 years.

Aadhaar Shila

A non-linked, participating, individual, savings life insurance policy that provides both protection and savings and is only available to women. This plan offers a lump sum payment to the surviving policyholder at maturity, as well as financial support for the family in the tragic event of the policyholder's death at any point prior to maturity.

1. The minimum basic sum assured is Rs.2 lakh.

1. Minimum entry age is 8 years completed.

1. The policy term is between 10 years and 20 years.

Apart from all the features that these policies provide, one big advantage of taking an insurance plan from LIC is that they have a really good claims settlement ratio.