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1. Limited PaymentLimited Payment
Endowment PlanEndowment Plan
AttractionsAttractions
Flexible Version of
Flexible Version of
LIC’s most popular
LIC’s most popular
Endowment Plan
Endowment Plan
Choice of several
Choice of several
premium payment terms
premium payment terms
available to suit
available to suityour convenience
your convenience
Simple,
Simple,easy to understand
easy to understand
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Lim
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Endowm
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Savings Oriented
Savings Oriented
High Bonus
High Bonus
High liquidity
High liquidity
IntroIntro
FeaturesFeatures
BenefitsBenefits
illustrationsillustrations

2. Limited PaymentLimited Payment
Endowment PlanEndowment PlanFeaturesFeatures
 Who can avail of this plan?
Who can avail of this plan?
Those aged between
Those aged between
12 years (completed) and
12 years (completed) and
55 years.
55 years.
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 ForFor how many years is
how many years ispremium payable?
premium payable?Options for premium
Options for premiumpayment terms are
payment terms are5,10,15,20 & 25 years.
5,10,15,20 & 25 years.
 For what durations
For what durationsis risk covered ?
is risk covered ?Quinquennial
Quinquennial Policy Terms
Policy Termsbetween 5 and 50 years.
between 5 and 50 years.
Maximum maturity age
Maximum maturity ageallowed is 75 years.
allowed is 75 years.
 ForFor how many years
how many years
is premium payable?
is premium payable?
Options for premium
Options for premium
payment terms are
payment terms are
5,10,15,20 & 25
5,10,15,20 & 25
years.
years.
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What are the benefits of the term assurance rider ?
On death of the Life Assured during the term of cover under
the rider, an amount equal to the Term Assurance Sum
Assured is payable. The rider can be availed of by payment
of a small additional premium.
Who can avail of the rider ?
Those aged between age 18 years (completed) and 50 years
(nearer birthday).
The maximum age at maturity is 60 years.
What is the minimum and maximum sum assured allowed ?
The minimum Sum Assured for the Term Rider is Rs.
1,00,000 and maximum sum assured is an amount equal to
the Basic Sum Assured,
subject to a maximum overall limit of Rs. 25,00,000.
Optional benefitsOptional benefits
Term Assurance RiderTerm Assurance Rider
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Optional benefitsOptional benefits
Term Assurance RiderTerm Assurance Rider
What are the terms allowed ?
The policy terms allowed are 10 to 35 years under regular
premium policies;
5 to 35 years under Single premium policies and
15, 20 and 25 years under limited premium paying term policies.
This rider is allowed only if the age at maturity under the main
policy is less than or equal to 60 years.
The policy term and premium paying term of the rider should
match with the policy term and premium paying term under the
main policy
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Optional benefitsOptional benefits
Critical Illness Rider:Critical Illness Rider:
EligibilityEligibility
(A) Minimum entry age : 18 yrs (completed)
(B) Maximum entry age : 50 yrs (nearer birthday)
(C) Maximum maturity age : 60 years
(D) Minimum Sum Assured for the Critical illnessRider : Rs.50,000/=
(E) Minimum Sum Assured of the Main plan on which the Critical
illness Rider can be given: Rs.50,000
(F) Maximum Sum Assured : An amount equal to the Basic Sum for the
Critical Illness Rider Assured, subject to a maximum of Rs.5,00,000.
(G) Term : 10 to 35 years under regular premium
5 to 35 years under Single premium
and 15, 20 & 25 years under limited premium paying term
policies.
This rider is allowed only if the maturity age under main policy is not
greater than 60 years.
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Optional benefitsOptional benefits
Critical Illness Rider:Critical Illness Rider:
BenefitsBenefits
Critical Illness Sum Assured is payable on life assured surviving for a period of
28 days from date of occurrence of any of the following critical illnesses-
Heart Attack (Myocardial Infarction)
Stroke (Cerebro-vascular Accident)
Cancer, Kidney Failure, Major Organ transplant
Paralysis, 3rd Degree Burns, Blindness
Coronary Artery By-pass Surgery
Heart Valve Replacement or Repair
Aorta Graft Surgery
Premium Waiver Benefit:
A policyholder has option to avail of a premium waiver benefit whereby
premiums falling due on or after the date of diagnosis of critical illness are
waived till maturity date of the main plan or earlier death of the life assured.
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FeaturesFeatures
BenefitsBenefits
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7. Limited PaymentLimited Payment
Endowment PlanEndowment PlanBenefitsBenefits
The policy participates in
The policy participates inprofits. Vested bonus and
profits. Vested bonus andterminal bonus, if any, are
terminal bonus, if any, arepaid at the time of maturity
paid at the time of maturityor death if earlier
or death if earlier..
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Endowm
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Death Cover :
Death Cover :
On unfortunate death during
On unfortunate death during
the term of the policy, sum
the term of the policy, sum
assured plus vested bonus plus
assured plus vested bonus plus
final additional bonus, if any, is
final additional bonus, if any, is
payable, provided policy is in
payable, provided policy is in
full force.
full force.
Maturity benefit
Maturity benefit
On survival upto date of
On survival upto date of
maturity, sum assured plus
maturity, sum assured plus
vested bonus plus final
vested bonus plus final
additional bonus, if any, is
additional bonus, if any, is
payable, provided policy is in
payable, provided policy is in
full force
full force
Accidental cover is available
Accidental cover is available
under the policy on payment of
under the policy on payment of
small additional premium.
small additional premium.
Loan is available under the
Loan is available under the
policy.policy.
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Benefit payable on death / maturity at the
end of year
Variable Total
End
of
year
Total
premiums
paid till
end of
year
Guaranteed Scenario
1
Scenario
2
Scenario
1
Scenario
2
1 4,464 100,000 2,100 5,700 102,100 105,700
2 8,928 100,000 4,200 11,400 104,200 111,400
3 13,392 100,000 6,300 17,100 106,300 117,100
4 17,856 100,000 8,400 22,800 108,400 122,800
5 22,320 100,000 10,500 28,500 110,500 128,500
6 26,784 100,000 12,600 34,200 112,600 134,200
7 31,248 100,000 14,700 39,900 114,700 139,900
8 35,712 100,000 16,800 45,600 116,800 145,600
9 40,176 100,000 18,900 51,300 118,900 151,300
10 44,640 100,000 21,000 57,000 121,000 157,000
15 66,960 100,000 31,500 85,500 131,500 185,500
20 89,280 100,000 56,000 152,000 156,000 252,000
25 89,280 100,000 69,500 189,500 169,500 289,500
Age at entry: 35 years Policy Term: 25 years
Premium paying term: 20 years Mode of
premium payment: Yearly; Sum Assured:
Rs.1,00,000/- Annual Premium : Rs. 4464/-
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Benefit payable on death / maturity at the end
of year
Variable Total
End of
year
Total
premiums
paid till end
of year
Guaranteed Scenario
1
Scenario
2
Scenario 1
Scenario
2
1 55,215 1,00,000 2,400 9,200 102,400 109,200
2 55,215 1,00,000 4,800 18,400 104,800 118,400
3 55,215 1,00,000 7,200 27,600 107,200 127,600
4 55,215 1,00,000 9,600 36,800 109,600 136,800
5 55,215 1,00,000 12,000 46,000 112,000 146,000
6 55,215 1,00,000 14,400 55,200 114,400 155,200
7 55,215 1,00,000 16,800 64,400 116,800 164,400
8 55,215 1,00,000 19,200 73,600 119,200 173,600
9 55,215 1,00,000 21,600 82,800 121,600 182,800
10 55,215 1,00,000 24,000 92,000 124,000 192,000
15 55,215 1,00,000 36,000 138,000 136,000 238,000
20 55,215 1,00,000 64,000 245,000 164,000 345,000
25 55,215 1,00,000 80,000 306,000 180,000 406,000
Age at entry: 35 years Policy Term: 25 years
Premium paying term: one Sum Assured:
Rs.1,00,000/- Single Premium: Rs.55,215 /-
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10. Table
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Endowm
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This illustration is applicable to Non-smoker male/female standard (from
medical, life style & occupation point of view) life.
 The non-guaranteed benefits (1) and (2) in above illustration are
calculated so that they are consistent with the Projected
Investment Rate of Return assumption of 6% p.a.(Scenario 1) and
10% p.a (Scenario 2) respectively. In preparing this benefit
illustration, it is assumed that the Projected Investment Rate of
Return that LICI will be able to earn throughout the term of the
policy will be 6% p.a. or 10% p.a., as the case may be. The
Projected Investment Rate of Return is not guaranteed.
 The main objective of the illustration is that the client is able to
appreciate the features of the product and the flow of benefits in
different circumstances with some level of quantification.
 Loyalty additions will depend on future profits and as such is not
guaranteed..
 The Maturity Benefit is amount shown at the end of the policy term.
Assumptions and Disclaimer
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11. Table
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