Trending
You are here: Home » Endowment Policy » Endowment Policy

Endowment Policy

Endowment Plan Summary:
It is one of the oldest and popular LIC plan. Endowment plan (Table 14) provides financial assistance to the family of the life assured in the event of policy holders early death or a lumsum amount on policy holders survival upto the selected term. Hence, Endowment plan (Table 14) provides for family income in the event of unfortunate death of the life assured or makes provision for retirement in case of living too long. Endowment Plan is best for every reason, for all long and short term financial needs.

Benefits:

Natural Death:
Sum Assured + Bonus for number of years premium paid + Terminal Bonus if any.

Accidental Death:
Double Sum Assured + Bonus for number of years premium paid + Terminal Bonus if any.

Maturity:
Sum Assured + Bonus + Terminal Bonus.

Accident And Permanent Disability Benefit:
Accident benefit is maximum Rs.50 lakh.

Tax Benefit:
Tax beneift on your premium u/s 80C
and Maturity/Death Claim u/s 10 (10D)

Loan:
Loan Facility is available on this policy after 3 years, you can also use it as Housing Loan collateral.

Premium Payment:
You can pay premium Yearly, Half-yearly, Quarterly, Monthly or Single premium.

Eligibility Conditions and Restrictions:
Minimum age: 12 years
Maximum age: 65 years
Maximum age at Maturity: 75 years
Min. Term: 5 years
Max Term: 55 years
Minimum SA: Rs.50,000/-
Max. Sum Assured: No Limit

Example:

Mr. Rajesh buy an Endowment policy under Table-14 for Rs.1Lakh for 25 years term. He dies due to a disease after 3 yrs. In this case, Mr. Rajesh’s family/nominee will receive Rs.1, 14,400(Rs.14, 400 being Bonus for 3 yrs at an estimated Rs.48 per 1000 p.a.). If Rajesh survive till maturity he would receive Rs.2,70,000 as maturity benefit (Rs.1,20,000 being Bonus for 25 yrs at an estimated Rs.48 per 1000 p.a. + FAB @ 500/- per 1000 = 50,000/-)

How to Apply for LIC Of India’s Endowment policy?
Contact your nearest Life Insurance Corporation Of India (LIC of India) Branch/ LIC Agent. Or
Fill the Application form to apply online. (Mumbai only)

LIC Of India SMS Alert:

Receive LIC Of India Policy updates on your Mobile .  Click here: MyLICindia SMS Alert

Note:
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.

Enter Your Email Address Here To Receive FREE Updates by Email:

Stay Updated: Enter your email below




Leave comments:

66 comments

  1. Our maid servant has taken LIC policy. Below are the details;
    Sum assured : Rs. 100,000 Policy Term : 20 years Table 14. Half Yearly Premium : Rs 2922/-
    She has paid the half yearly premium of Rs. 2922/- for last 6 years. (total premium paid till date 2922x6x2=35064/-). She had taken loan of 10,000/- against the policy after 5th year. Now she is unable to pay the further premiums and wants to surrender the policy. Request you to advise whether the policy can be surrendered and inform what is the amount she would be getting if she surrenders the policy.

    -Divakar

  2. i want to know about opening date of endowment policy table no.-14

  3. Chandan Prasad Choudhury

    Respected Sir,
    I have tak a Lic of Endowment Assurance Policy with profits in year of 1994 Sum Assurance Rs. 35000 Per month premium paid through Salary Savings Rs. 156/ it will be last payment of 28-02-2014 Policy No. S-430480261. On 4-2-2012 due to accident facture of my fem neck RH. leg and then operated r morethan 18 month premium stop due to abstism of my job and pending premium pay ment recently I applied for revial of policy. now question can iget accident benefit from Licindia aginst my above policy. needless to say I am a Physicallyhandicapped canonot contact to your div. Office: totally I am helpless person, how to get accident benefit, how to revide the policy how to save my family.

    Thanking you with regards

    Chandan Prasad Choudhury

  4. sir
    in table 14 lic endowment plan term 10 years the bonus rate is Rs 34 per 1000 so for example sum assured of 2lakhs policy with term 10 years on maturity the amount paid is 269200 premium paid is 20377 yearly for 10 years .if the same was deposited in the bank it would have doubled in 10 years be careful even the development officers who get hefty comission for doing business gives all wrong information that is just to grab business at the time of selling the policy he promised the party will get 3.5 to 4 lakhs for a sum assured of 2 lakhs BE CAREFUL IN SELECTING THE POLICY IT IS NOTHING BUT WHITE COLLAR MANAGEMENT FRAUD BY LIC

  5. I started this endowment policy on 28 March, 2002 with sum assured of Rs. 50000/-.
    The policy term mentioned online is 25 (Premium patment term: 25).

    I wanted to understand the figure 25 here, does it means the number of installments i pay every year(for now, i pay the policy 4 times in an year).

    Please let me know when is this going to mature and what is the amount i would get on maturity.

    Thanks
    Vivek

  6. mukesh kumar sharma

    I have taken the LIC policy aginst for plan no. 14 for 12 years of rs. 100000.

    How much amount will get after 12 years?

  7. I have taken an endowment assurance (table no.14) policy last year for sum assured 10 Lakh with a yearly premium of 1.09 Lakh . I have paid second installment too. Due to some reasons , now i do not want to continue the policy . Can any one suggest me how to go about it . How much i will get if i surrender now or after 3 years . Or any other way by which i can get back my maximum paid up amount.

  8. lic Endowment Plus 9450112757

  9. Q.-I have taken an endowment assurance policy for 1 lakhs and its duration is 12 years.
    What would be my full and final amount.

    Thank you

    • If (Life Insurer) survive till maturity (Approximately) he would receive Rs.1,80,000 as maturity benefit (Rs.1,60,000/- being Bonus for 12 yrs at an estimated Rs.48 per 1000 p.a. + FAB for Rs.20,000/-)

      Regards,
      venkatesan
      9444476149

  10. I have taken Jeevan Anand policy starting Jan 2013 for 16 years term(149-73-16). S A 500000. I am 27 years old.
    DOM is 23/01/2086. Does it mean that i will be getting the policy maturity benefit amount only on my 100th year(23/01/2086). Can you please clarify. I was under the assumption that, after premium pay term(16 years) is complete, i would be getting around 12Lakhs apprx , and once if i die after 16 years, my nominee will get 5 Lakhs as a death benefit.

  11. Chandrashekhar joshi

    hi,

    I have taken an endowment assurance policy for 2 lakhs and its duration is 15 years.

    What would be my full and final amount.

    Thank you

  12. surendra nath sahoo

    Endowment policy under table no.14 is going to mature w.e.f. 28.04.2013 and the same was commenced in april, 1997, i.e. 16 years term.
    I want to know that what will be the total maturity sum payable to me.
    The policy was done at Sambalpur, odisha. I have now posted at bhubaneswar. Since theere is only 1.5 months remaining, I have not received any communication from LIC regarding maturity. How I could get my maturity sum ? please convey the above through my mail.

  13. Biswajit Sengupta

    I have an endowment assurance policy under T.no-14, & my premium is rs-1587/- qty sum assured Rs-50,000/- & it has been taken from 2005. pls let me know what will be the matured amount?

  14. Hello Sir,

    I have taken LIC endowment policy(T 14) for term 21 years Sum Assured Value is 5 Lacs.. Yearly pay nearly 24K .
    As per agent statement You will get nearly 12 Lacs in after 21 years completion.

    It is correct or not. My friend are telling me its is not correct.

    So far paid 5 premium.

    Please advice. What i do.

    Thanks
    Ramkumar

    • Only sum assured will be written on document.Agents claim maximum interest applicable on policy that is always more than actual.It won’t reach 12 but u may get 8lacs…………….

  15. Ravi Shankar Singh

    Sir,

    I have taken a LIC Policy (Endowment Policy Table No. 14) on dated- 10/11/1997 and annual premium was Rs. 1727/- per year. This policy has been matured on 10/11/2012. Let me know that what would be the maturity amount. For this, I shall be highly obliged.

    Ravi Shankar Singh
    Patna

  16. I have an endowment policy with profit (Table 14 for 20 years).
    Kindly let me know what will be the approximate matured amount ?

  17. I have a plan 14 with lic which i am paying from 14yrs. The sum assured is 100000, i want to know wether can i get housing loan with this policy, if yes how much amount will i get pls reply

  18. my age is 24.i want to take table 14 & with term 7 years with sum assured of Rs 100000?how much i will get at the time of maturity?

  19. client age is 47 years I WANT A POLICY UNDER TABLE -14 , premium will be rs 10000/- to 15000/- what will be sum assured in 20years and all details

  20. I have taken an endowment assurance plan (Table No. 14) on Feb 1998. My Sum Assured is 1,00,000/- and Payment Term is 35 Years and I am paying Rs 636/- quarterly. I want to know approximately what will be total amount i will get at the time of maturity?

  21. yalla satyanarayana

    I want to take “The Endowment Assurance Policy No.14?.
    Age: 30.
    Policy Term :21 Years
    Sum Assured: 7, 50, 000.
    Please let me know the return after the maturity of the plan.

    I went through your blog and found that after maturity LIC gives,
    Sum Assured + Bonus + Terminal Bonus.
    Please let me know how the Bonus is calculated and how the Terminal Bonus is calculated.

    yalla satyanarayana
    9866288199

  22. Do i get periodic bonus from the LIC bonds, which scheme offer the same

  23. Dear sir,
    I am having a LIC endowment policy (no.
    233694790)of 9768 Rs half yearly since 28 april
    2010.Can you please tell me that how much loan I
    can withdraw from my above mentioned policy and
    by what percentage of interest .
    pleasereply on my above mentioned email I’d Yours faithful customer

  24. Dear sir,
    I am having a LIC endowment policy (no. 233694790)of 9768 Rs half yearly since 28 april 2010.Can you please tell me that how much loan I can withdraw from my above mentioned policy and by what percentage of interest .

    Yours
    Faithful customer

  25. i have policy named Endowment Assurance policy t. n 14.
    21 years
    prem.=6834/= pa
    what would be my sum assured and the benefit after maturity

    Reply

  26. Sudip Bandyopadhyay

    I would like to purchase a LIC policy under table 14 of Rs.5,00,000/- for 20 years. My date of birth is 30.11.1972. Please confirm me the premium amount per year (yearly paid).

  27. I want to take “The Endowment Assurance Policy No.14″.
    Age: 27.
    Policy Term :21 Years
    Sum Assured: 8, 00, 000.
    Please let me know the return after the maturity of the plan.

    I went through your blog and found that after maturity LIC gives,
    Sum Assured + Bonus + Terminal Bonus.
    Please let me know how the Bonus is calculated and how the Terminal Bonus is calculated.

    Niraj Kumar
    9916396480

  28. Our Endowment policy under Table-14 for Rs.1Lakh & Premium was Rs 3600 x 4 pay = 14,000 P.A, Payment for 8 years after paying for 8 Y finally at the time of Maturity LIC is paying us RS 1, 27,000 Only But We have Made payment of Rs 1,12,000 + Rs 6,000 as Late Pay an Ect Rs 1,12,000 + 6,000 + 700 fr submit = Total of Rs 1,18,000 Our LIC Returns at Maturity is Rs 1,27,000 – T,Pay Rs 1,18,000 = Rs 8,300 Bal in Hand after 8 .3 Years. I really ask any one is Rs 8,300 is really worth for 8years fu Questions

    1. Why Lic is Not Giving Clear cut Information in The Policy Document

    2. Thar is No proof for what LIC Agents Says at time of insuring nothing is given in written form

    3. Be Aware Of LIC & ITS AGENTS……

  29. Sir,I would like to join in Marriage Endowment policy on 5 Lacs for 16yr.What will be the monthly premium premium

  30. I want to take a jeeven saral policy for 2000 p.m. premium for 10 years. My date of birth is 08/04/1965. What amount I would get at the time of maturity.

  31. I am going to plan an endowment (profit) policy. My date of birth is 08/04/1965 and I want to take sum insured is Rs. 500000/-. I want to know what is the premium and maturity benefits. I want to take a policy for 10 years.

  32. hi i am madhab last 2 year back i was opend lic 14 no table .
    still i am continue .every alternative 3 month i have to pay \Rs
    4000/ & this plan 14 year . my question is suppose after 2 year
    i mean 2014 i need one loan .shall i get ? or you people
    provided any loan .

  33. I wish to take a LIC endowment policy and wish to cover Life risk Maximum around 30 lacs. My age is 27yrs. I wish to invest Rs50,000/- to 60,000/- premium p.a.
    plese sugest a best lic policy where I get Rs.40 lacs by 20 yrs and also cover risk 30 lacs.

  34. 14 endowment plan premium chart

  35. I wish to take a LIC endowment policy and wish to cover Life risk Maximum around 30 lacs. My age is 29yrs. I wish to invest Rs50,000/- to 70,000/- premium p.a.
    plese sugest a best lic policy where I get Rs.40 lacs by 20 yrs and also cover risk 30 lacs.

    Regards
    Sachin

  36. my age is 24.i want to take table 14 & with term 15 years with sum assured of Rs 100000?how much i will get at the time of maturity?

  37. i have 18 years old. I want to join in lic. please give suggestion which plan or which policy is better to me

    • Please give me your phone no./email id to help you to join in lic.
      Thanks.
      Arun.
      9433772819/panjwani.arun@rediffmail.com

  38. I wish to take a LIC endowment policy. My age is 26yrs. I invest rs.50 to 60 thousand/year as premium. plese sugest a best lic policy where i get rs.40 lacs by 20 yrs. thanks.

  39. If I invest on date Rs150000/-( single premium) in Endowment Plus , T.No:- 802 for 10 yrs term, then what will be the redemption value after 5 yrs.if I want to withdrawn
    .

  40. i have policy named Endowment Assurance policy t. n 14.
    16 years
    prem.=31437/= pa
    what would be my sum assured and the benefit after maturity

  41. N K CHANDRAHASAN.NEERUKETTY HOUSE.PO.KUNDALIYUR.TRICHUR.KERALA

    SIR.iam chandrahasan i get one deposit in endomentpolicy november.2010 for 5years now how mouch interest this money. pls send details thankyou

  42. ELIZABETHRANI.C

    my policy no:743338468-28/03/2003-25,000-14TO15YEARS
    741773281-28/08/1996-10,000-14TO15YEARS
    THIS POLICY LOAN DETAILS AND METURITY AMOUNT&DATE DETAILS.PLS SEND THE DETAILS MY EMAIL,THANK U

  43. sir, i am arun kumar i get two policytable no 14 1. has a 16 year and 2. 21 year sir i pls sugesseted by my after 16 and 21 yaer micuority my and this policy amount is 1,00,000 then sir how much amount after mecuorty quick answer pls

    thanks…………

  44. my policy no 803960223
    my sr name is ponugupati
    you print ponuganti
    please check my sr name

  45. This is my que. is lic table no.14
    age-50
    s.a- 1 lac
    term 20 yera
    maturtity……………
    other benafit
    pl.explane to me
    thanks
    dinesh

  46. Hi,
    Can I take the endowment policy of LIC online without going to any LIC agent?

  47. I want a policy under table 14. i would like to pay 12000 per year for 30 years and i heard i would be getting 140000 lac . I just want to know whether the amount is fixed for can it reduce.which are the other plan i can apply so that i get a high return for the same amount

  48. sanjoy kumar roy

    my D.O.B – 02..01.1972, I WANT A POLICY UNDER TABLE -14 , AFTER 20 YEARS I WANT 20 LACKS , PLEASE ENSURE MY PREMUM VALUE- PER ANNAM

  49. hello sir,
    this is priya prakash s/o sri pramod kumar pandey
    at this time i am at jalandhar punjab. sir i sent original copy of my father’s policy bond at your purnea branch at jail chowk.
    but no any rply. from your branch.
    my father’s policy no. is 530044783
    please rply. me for this questions?
    thanking you,

  50. Sir,
    I have 5 lakhs rupees to deposit in the LIC endowment scheme. How much I earn after 5 year. Kindly sent me a detailed brousher in this matter.

  51. I want to surrender my below endowment policy.

    Plan: Endowment Plan – 14

    Policy# 196828494

    Commencement Date: 28 July 2007

    Sum Assured: 6 Lakhs

    Maturity Date: 28 July 2024

    Term 14- 17

    Mode of Premium: Annually

    I have paid 3 premiums but 4th premium not been paid until, now 4 years gone my total amt of paid premium is (Rs. 1,07,238)
    Kindly let me know the how much value I will get If I want to surrender this policy within couple of days.

    Awaiting for your mail.

    Thanks & Regards,

    Mahavir Singh

  52. mallikarjun.Kalnoorkar

    monthly deducting in my salary Rs.217 term 21 yrs after maturity how much i get.

  53. In every policy of lic either endowment or any policy it is mentioned that if the person who takes a lic policy dies after 3 years the family will get >>>>>>>. Can you please tell what will the family get from lic if the proposer dies within 3 years term . Because the proposer pay the premium for one or two years.

  54. plan no. 14 lic policy
    s.a.=55000
    policy 11years
    how return

  55. Chandi Charan Singh.

    Dear sir,
    sir I am waiting for your reply above/below comments/ questions
    LIC Branch Purnea code no- 04587537
    Dev. off. no- 9999999.
    Agency Code no- 04587537
    Name of Insure – Chandi Charan Singh.
    Lic Name – Jeevan Anand with profit
    Table no- 149-21-21
    Proposal no- 18393 dtd- 31.03.07
    policy no- 523608187 dtd- 28.03.07
    sum Assurance-2,00,000/-
    DOM- March 2027.
    sir i want take Loan aganist above policy. whose amount get for me what is the @ of interest. so please full detail for the following policy. as given above Email id.

    Thanking you,

    Chandi charan singh.

  56. Chandi Charan Singh.

    Dear sir,
    Please Request to your origination what is the status for the following Policy.
    LIC Branch Purnea code no- 04587537
    Dev. off. no- 9999999.
    Agency Code no- 04587537
    Name of Insure – Chandi Charan Singh.
    Lic Name – Jeevan Anand with profit
    Table no- 149-21-21
    Proposal no- 18393 dtd- 31.03.07
    policy no- 523608187 dtd- 28.03.07
    sum Assurance-2,00,000/-
    DOM- March 2027.
    Remarks- sir supose if i want take Loan aganist above policy. whose amount get for me what is the @ of interest. so please full detail for the following policy. as given above Email id.
    (NOTE : Sir already 2nd insurance done by same branch.
    Name of insurance- Chandi Charan Singh.
    Lic Name – Jeevan Saral.
    Policy no- 525207406, DOC- 28.01.2010.
    Sum Assurance-5,00,000/-
    DOM- 28.01.2026.)
    Sir Please Reply for above Email.ID.

    Thanking you,
    Your truly.

    Chandi Charan Singh.

  57. i’ve taken 2 policy of 108 and 149. Both in 2009 and 1 lakh each. You tell me whether will i.be eligible to take up any loan from Lic after 3 years of premium paid to these policies. Is there any option for loan from these policy or any other policy should i go. Reply to my e mail id. I’m waiting

  58. I have taken an endowment assurance policy(with profits) for 2 lakhs.
    Policy term is 5 yrs(Oct05 to Oct10)

    What would be my final additional bonus?
    I have not received any bonus so far??

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>