New Endowment plan (T-914)
Life Insurance New Endowment Plan (T-914) is a unique combination of protection and savings. It’s a Non Linked with profits conventional plan which is best for child education and marriage.
KEY FEATURES:
- Cover from age group 08 to 55 years.
- Wide policy term range from 12 to 35 years.
- Eligible for all Bonuses and Final Addition Bonuses declared by Insurance .
- Term Rider Benefit Available
- Double Accident Rider Available.
- PWB Rider is also available in this plan for minors.
- Double Tax Benefit Available (Premium Paid gives 80C Tax Benefit up to Rs. 1,50,000 and Maturity is also Tax Free under section 10(10D)).
- Loan and Surrender Facility Available.
Maturity Benefit:
- Basic Sum Assured + Vested Bonus + FAB.
Death Claim Benefit:
- In case of death during policy term of the plan, Sum Assured Along With Bonus and Final Addition Bonus Will Be Paid to the Nominee.
Eligibility Criteria:
| Minimum Age to Apply | 8 Years (Completed) |
| Maximum Age to Apply | 55 Years (Nearest Birthday) |
| Policy Term (Premium Payment Term) | 12 to 35 Years |
| Maximum Maturity Age | 75 Years |
| Premium Paying Mode | Yearly, Half Yearly, Quarterly, Monthly (ECS Only) |
| Basic Sum Assured | 100000 and above ( in multiples of 5000) |
| Loan | After 3 years |
| Surrender | After 3 years of full premium payment |
