New Endowment Plan
- Plan risk coverage will enhances every year as LIC declared the bonuses. but the premium does not increase.
- The policy holder gets the tax-free maturity U/S 10(10D).
- Plan has an option of choosing the Accidental cover, Disability cover & Critical illness cover.
- This plan also has the premium waiver benefit in case of death of the parent if policy given to child.
- Plan also has the option of taking the Maturity proceeds in equal installments of 2 to 10.
- The policyholder also has the option of choosing the death benefit in equal installments.
- loan is also available to the after the completion of 2 year of policy.