LIC New Endowment Plan (814) Details

New Endowment (Table No: 814) of LIC, is a basic Life Insurance plan which provides adequate life cover during policy’s term and on maturity, this plan provides a healthy amount which can be used to fulfill financial requirements like children's higher education and marriage. This plan may be recommended for everyone because of following reasons.

• A sound combination of Life insurance and investment.
• Low premium in comparison other plan in this category.
• Eligible for bonus and Final Addition bonus declared by LIC.
• Comparatively Higher Bonus
• Double Accidental benefit with rider.
• Tax saving on premium paid.
• Tax Free maturity amount.

Plan Parameters

Age of Entry	8 to 55 years
Premium Paying Mode	Yearly, Half Yearly, Quarterly, Monthly (ECS Only)
Policy Term	12 to 35 Years
Basic Sum Assured	100000 and above ( in multiples of 5000)
Policy Revival	within 2 year
Premium Mode Rebate	2% on yearly, 1% on Half Yearly, Nil on Quarterly
Higher Sum Assured Rebate	0% on 0 to 1,95,000 of Sum Assured 2% on 2,00,000 to 4,95,000 of Sum Assured 3% on 5,00,000 and above Sum Assured
Loan	After 3 years
Surrender	After 3 years of full premium payment [ Surrender Value Calculator]

LIC New Endowment Plan Example

To Illustrate the benefits of New Endowment plan, Lets take an example of a person who is purchasing this Plan with following details.
Sum Assured: Rs. 5,00,000
Policy Term: 21 Years
Policy Purchase Year: 2015
Age: 26 Years
Yearly Premium: Rs. 23717 Calculate
To Calculate benefits with details other than above, go to Maturity Calculator.

Maturity Details

If policy holder survives the policy term ( i.e. 21 years ), Maturity will be as under.

Maturity Year	Maturity Age	Maturity Amount(approx)
2036	47	1091500

Year-wise Death Claims

If death happens during the policy term ( Before 21 years ), Sum Assured + Bonus + Final Addition Bonus(FAB) will paid to nominee and it is indicated as Normal Life Cover. In case of accidental death, additional amount equal to sum assured is also payable to nominee, the calculation is indicated as Accidental Life Cover.Calculation of year-wise and age-wise death benefit according to accumulated bonus and FAB is illustrated below.

Year	Age	Normal Life Cover(approx)	Accidental Life Cover(approx)
2015	26	524000	1024000
2016	27	548000	1048000
2017	28	572000	1072000
2018	29	596000	1096000
2019	30	620000	1120000
2020	31	644000	1144000
2021	32	668000	1168000
2022	33	692000	1192000
2023	34	716000	1216000
2024	35	740000	1240000
2025	36	764000	1264000
2026	37	788000	1288000
2027	38	812000	1312000
2028	39	836000	1336000
2029	40	875000	1375000
2030	41	901500	1401500
2031	42	930500	1430500
2032	43	959500	1459500
2033	44	1001000	1501000
2034	45	1042500	1542500
2035	46	1091500	1591500

How to Link Your PAN Card to Your LIC Policies - Life Insurance Corporation

LIC (Life Insurance Corporation) requires its policyholders to link their policies with PAN card to get best & hassle free services. A policy holder person can easily link his/her PAN card by simply clicking LIC of India website. Link is here https://licindia.in/

Here, we are giving you step by step guide to link your PAN card with your LIC policies.

Step-One:

Before Linking Your Pan Card to LIC website, please keep ready following information .

• Policy number(s).
• PAN card Number & Date of Birth
• Email Address
• Active Mobile number (OTP will be send on the number)

Step-Two:

Visit www.licindia.in Website, then find web-link to link PAN. You can directly visit the link given below.

https://licindia.in/Home/Online-PAN-Registration

Step-Three:

Before linking your PAN card, you can check if your Pan card is already linked or not by clicking Check Policy Pan Status. The link is highlighted the above screen-shot. If Pan is not registered against the policy, the you will get message as below.

Step-Four:

Click on the link to Click Here to Register Your PAN with us, you will get following screen with form to be filled by you.

Complete the form. If you have more than one policy under your name, you can click on add policy to add all of your policies. Enter the captcha after checking the declaration box and click on Get OTP.

Step-Five:

In this step, you will get summery of filled details. Enter the received OTP received and click on Submit. Your PAN will be linked Successfully.

In case of OTP not received, you can request to resend the OTP. In case of any difficulty, feel free to write your issue in comment box below.