LIC Endowment Plans
Traditional savings and protection plans offering guaranteed safety, bonus accumulations, and tax-free maturities.
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Table 936
Most Popular
LIC Jeevan Labh
High Bonus Limited Premium Paying Endowment Plan
- Limited Premium Paying Term (10, 15, or 16 years)
- High Bonus & Final Additional Bonus (FAB) eligibility
- Loan facility available after 2 full years
Table 914
Classic Choice
LIC New Endowment Plan
Classic Savings & Life Protection Plan
- Flexible policy term from 12 to 35 years
- Simple reversionary bonus + Final Additional Bonus
- Comprehensive death benefit: Sum Assured on Death + accrued bonus
Table 933
Child Future
LIC Jeevan Lakshya
Child Education & Family Income Protection Plan
- Premium Paying Term is 3 years less than Policy Term
- 10% of Sum Assured paid every year to nominee upon death
- Waiver of all future premiums on parent's demise
Table 860
Guaranteed Return
LIC Bima Jyoti
Guaranteed ₹50 per ₹1000 Sum Assured Every Single Year
- Guaranteed Addition of ₹50 per ₹1,000 SA accrued annually
- Short PPT (5 years less than policy term)
- Zero market risk - 100% fixed return commitment
Table 874
Child Future
LIC Amritbaal
Child Higher Education Plan with ₹80/1000 Guaranteed Additions
- Extraordinary Guaranteed Additions of ₹80 per ₹1,000 SA every year
- Short limited premium paying terms (5, 6, or 7 years)
- Maturity age from 18 to 25 years matching child college admissions
Table 868
Budget Friendly
LIC Jeevan Azad
Limited Premium Savings Plan with Short PPT & Guaranteed Returns
- Short Premium Paying Term (Term minus 8 years: pay only 7, 10, or 12 years)
- Guaranteed Sum Assured on Maturity on survival
- Accessible Sum Assured range from ₹2 Lakh to ₹5 Lakh
Table 917
Single Premium
LIC Single Premium Endowment
One-Time Investment Traditional Savings & Life Assurance Plan
- Pay premium once, enjoy financial cover for 10 to 25 years
- Eligible for LIC Simple Reversionary Bonus + FAB
- Loan facility available immediately after 1 year
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Lifelong coverage and pension till age 100
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Periodic liquidity payouts every 5 years
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Guaranteed lifelong retirement pension
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Term Assurance Plans
Pure life protection at minimal cost
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Frequently Asked Questions about Endowment Plans
Learn how endowment plans work, bonus declarations, tax rules, and claim procedures.
Q1: What is an LIC Endowment Plan?
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An Endowment Plan is a traditional life insurance policy that combines risk coverage with disciplined savings. If the policyholder survives the term, they receive a guaranteed lump sum maturity with bonuses. If demise occurs during the term, the full death benefit is paid to the nominee.
Q2: What is the difference between Limited Pay and Regular Pay Endowment policies?
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In Regular Pay policies (like New Endowment 914), premiums are paid for the entire policy term. In Limited Pay policies (like Jeevan Labh 936), premiums are paid for a shorter duration (e.g. 10 or 16 yrs) while coverage continues for up to 25 yrs.
Q3: How does LIC declare and calculate bonuses in Endowment plans?
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LIC declares Simple Reversionary Bonuses (SRB) annually per ₹1,000 Sum Assured after its financial valuation. Once declared, the bonus gets vested in your policy and is guaranteed to be paid upon claim or maturity.
Q4: Are maturity payouts from Endowment policies tax-free?
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Yes. All maturity amounts and death claims are 100% tax-free under Section 10(10D) of the Income Tax Act, provided annual premiums do not exceed 10% of the Sum Assured.