LIC New Endowment Plan (Table-914) Calculator
Calculate your premium and maturity benefits for this money-back insurance plan
Plan Calculator
LIC New Endowment Plan (Table-914) Details
The LIC New Endowment Plan (Table-914) is a participating non-linked plan which offers an attractive combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder during the policy term and also provides a lump sum amount at the time of maturity for the surviving policyholder.
Premium Details
First Year Premium (Including GST)
₹0
Second Year Onward Premium (Including GST)
₹0
Premium Breakdown
Base Premium: ₹0
GST (4.5% for first year): ₹0
Rider Premiums: ₹0
GST (2.25% for renewal): ₹0
Survival & Maturity Benefits
Death Benefit (Sum Assured + Bonuses):
₹0
Paid immediately on death during policy term
Survival Benefits (Paid during policy term):
Final Maturity Benefit (Sum Assured + Bonuses + Final Addition):
₹0
Paid at the end of policy term if policyholder survives
Additional Benefits
- Participation in LIC’s profits through bonuses (Simple Reversionary Bonuses)
- Loan facility available after 3 years of premium payment
- Tax benefits under section 80C and 10(10D) of Income Tax Act