## LIC’S ENDOWMENT PLUS (Plan No. 802):

**Summary:**

**LIC’s Endowment Plus** (Table No.802) is a unit linked Endowment plan which offers investment-cum-insurance during the term of the policy.

You can choose the level of cover within the limits, which will depend on mode and amount of premium you want to pay.

LIC Endowment Plus plan features at glance:

- Critical Illness Benefit
- Accident Benefit
- Partial withdrawals
- Loan on policy

**BENEFITS:**

**a) Benefits payable on death:**

In case of death of the policyholder when the cover is in full force, the nominee shall be

eligible to get higher of Sum Assured under the Basic Plan and the Policyholder’s Fund Value

as at the date of booking the liability. The liability shall be booked after receipt of intimation

along with death certificate.

**b) Benefits payable on maturity:**

On maturity the policy holder will receive an amount equal to the his Fund Value.

**Accident Benefit Rider Option:**

Accident Benefit (AB) can be availed of as an optional Rider benefit by paying an additional premium of Rs.0.50 for every Rs.1,000/-

The Policyholder will have the option to choose any 1 of the below 4 Funds:

*Bond Fund**Secured Fund**Balanced Fund**Growth Fund*

**MODES OF PREMIUM PAYMENT:**

Regular premium can be paid either in yearly, half yearly, quarterly or monthly (ECS) installments.

Min. premium Rs. 20,000/- yearly or Rs.1750 per month by ECS mode.

Single Premium is also allowed under LIC Endowment Plus plan. Minimum onetime Investment Rs.30,000/-

**Eligibility and other conditions for LIC Endowment plus Table No. 802**:

**For Basic Plan**

*a) Minimum Basic Sum Assured:*

Regular Premium policies: (Policy Term +1) times the annualised premium

*Single Premium:*

For age at entry below 45 years: 1.25 times the single premium

For age at entry 45 years and above: 1.10 times the single premium

*b) Maximum Basic Sum Assured:*

Regular Premium policies:

30 times the annualized premium, if age at entry is upto 45 years

25 times the annualized premium, if age at entry is 46 to 60 years

*Single Premium Policies:*

If Critical Illness Benefit Rider is not opted for:

5 times the Single premium, if age at maturity is upto 65 years.

3 times the Single premium, if age at maturity is 66 to 70 years.

If Critical Illness Benefit Rider is opted for:

5 times the Single premium, if age at maturity is upto 55 years.

3 times the Single premium, if age at maturity is 56 to 60 years.

*c) Minimum Premium:*

Regular premium (other than monthly (ECS) mode): Rs. 20,000 yearly

Regular premium (for monthly (ECS) mode): Rs. 1,750 p.m.

Single premium: Rs. 30,000

**d) Maximum Premium:**

Regular premium: Rs. 1,00,000 p.a.

Single premium: No Limit

Annualized Premiums and single premium shall be payable in multiple of Rs. 1,000 for

other than ECS monthly. For monthly (ECS), the premium shall be in multiples of Rs. 250/-

e) *Minimum Entry Age*: 7 years last birthday

f) *Maximum Entry Age*: 60 years nearest birthday

g) *Policy Term* : 10 to 20 years

h) *Minimum Maturity Age*: 18 years completed

i) *Maximum Maturity Age*: 70 years nearest birthday

Age at entry for the policyholder is to be taken as age nearest birthday except for the

minimum age at entry i.e. 7 years.

**For Accident Benefit**

a) Minimum Sum Assured: Rs. 25,000

b) Maximum Sum Assured: Rs. 50,00,000 taking all existing policies of the Life Assured under individual as well as group schemes taken with Life Insurance Corporation of India and other insurance companies and the Accident Benefit Rider Sum Assured under the new proposal into consideration.

c) Minimum / Maximum Premium: No separate Limit

d) Minimum Entry Age: 18 years completed

e) Maximum Entry Age: 60 years nearest birthday

f) Policy Term: 10 to 20 years

g) Maximum Maturity Age: 70 years nearest birthday

Sum Assured shall be available in multiples of Rs. 5,000

**For Critical Illness Rider Benefit**

a) Minimum Sum Assured: Rs. 50,000

b) Maximum Sum Assured: Rs. 10,00,000 taking Critical Illness riders availed under all existing policies of the Life Assured with the Corporation and the Critical Illness Rider Sum Assured under the new proposal under consideration.

c) Minimum /Maximum Premium: No separate Limit

d) Minimum Entry Age: 18 years completed

e) Maximum Entry Age: 50 years nearest birthday

f) Policy Term: 10 to 20 years

g) Maximum Maturity Age: 60 years nearest birthday

**Fund Switching:** Within a given policy year, 4 switches will be allowed free of charge.

**Top-up Premium: **Not allowed.

**Partial withdrawals:** A policyholder can partially withdraw the units at any time after the fifth policy anniversary and provided all due premiums till date of partial withdrawal have been paid.

**LOANS:**

Loan will be available under this plan subject to the following conditions:

• Loan will be granted under the policy after completion of three years and provided all due premiums have been paid.

• Policy Loan will be available to the extent of 30 % of the Policyholder’s Fund value.

• No Partial Withdrawal will be allowed if any loan is outstanding.

• If the Fund Value at any time is less than or equal to the loan outstanding along with interest thereon, the policy will be compulsorily terminated.

The rate of interest charged for this loan amount would be determined from time to time by LIC. Presently the rate of interest is 9 % p.a. payable half-yearly.

**Allocation Charges:**

The allocation charges are as below:

For Single premium policies: 3.3%

**Allocation Charges for Regular premium policies:**

First Year: 7.50%

2nd to 5th Year: 5.00%

Thereafter: 3.00%

a) POLICY ADMINISTRATION CHARGE – The Policy Administration charge of Rs. 30/- per

month during the first policy year and Rs 30/- per month escalating at 3% p.a. thereafter.

b) FUND MANAGEMENT CHARGE – Fund Management Charges (FMC) are dependent on

type of Fund and are deductible on the date of computation of NAV at the following rates:

0.50% p.a. of Unit Fund for “Bond” Fund

0.60% p.a. of Unit Fund for “Secured” Fund

0.70% p.a. of Unit Fund for “Balanced” Fund

0.80% p.a. of Unit Fund for “Growth” Fund

**How to Apply for LIC Of India’s Endowment Plus?****
**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.

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Jay Prakash Mishra says

At the time of opening the policy the office people shown us some projected amount, afteer 10 years we get double amount which we are invest. Is it possible?

vijay says

I have invested 50000 Rs on nov 2010 in endowment plus policy ? How much money will i get after 3 years ?

Shaji says

I have deposited Rs.50000/- under single premium policy of endovement plus (802 10) in Nov. 2010. What will be the value of the policy if I surrender after 3 years.

kiran says

can

we surrender lic endowment plus with in three years

is there any provision of loans

Chaitanya says

If I paid Rs. 20,000 yearly for 5 years,in lic endowment plus then how many amount i will gel after 18 years & what will be interest rate per year?

Thanks & Regards

Pl reply me in my mail ID.

chaitanya

Ravi Sankar says

I would like to take Single premium one time investment LIC Endowment Plus plan for my son. My one time Investment is Rs.30,000/-.So please let me know the returns after 18 years

Ravi Sankar says

I would like to invest 30000 Rs .in LIC Endowment plan.What would be my returns after 20 years

DHARMENDRA KUMAR says

My DOB is 08/05/1969. I wish to take LIC endowment plus (Plan 802). Let me know about this policy, its benefits, returns, premium, tenure etc.

Kannan says

Recently I took up endowment plan for 50000 one time premium.

I want to hold it for the full term of 20 years. Now in growth fund. Kindly advise how best I can make use of switch over effectively.

Vicky Kumar says

I have recently purchased LIC endowment policy, single premium of Rs 30,000. I wanted to top up, but more units, how can I do it online ?

rgds,

binoy says

I have taken lic endownment plus policy table 802 for 50,000 one time premium and my agent suggested me that it will be aprox double in 6year and he put my amount in growth fund. what is the possibility looking at its past history.

Raju Mandal says

I want to know endorment Plus is TEX benifit.This policy comes under 80 cc or 80ccc.

dinesh arora says

i want to invest 50,000 in endowment plan .how much i will get 10or 20 yrs ?

Chandrakant says

I invest some amount in endo. ,i want see my growth, HOW?

Chandrakant says

I invest so me amount in endo. ,i want see my growth, HOW?

Arvind says

If u Pay per annum Rs 20,000 for 20 years u will get after 20 years , Rs 102,5089. This is d calculation. Now calculate urs in lien of ur Amount and year u will inverst.

tHANKS!!!

Niranjan says

Dear Sir/Madam,

Mera ek LIC ENDOWMENT PLUS plan kya hua he me agar iska status on line malom karna cahu to kese karo?

Regards

09707286718

Chandrabhan yadav says

Dear sir/madam,

If i paid Rs. 15,000 Rs. 1/2 yearly for 5 years, then how many amount i will gel after 5 years toatal amount refundable

Thanks & Regards

Pl reply me contact no. 09869523235

Tabrej says

I will contact you…

dinesh says

Dear sir/madam,

If i paid Rs. 30,000 Rs. yearly for 5 years, then how many amount i will gel after 5 years toatal amount refundable

Thanks & Regards

Abdul razak says

In this policy fund switching option available or not,

pls send policy broacher to my mail Id……

Amin Ali says

Dear sir/madam,

If i paid Rs. 20,000 yearly for 20 years, then how many amount i will gel after 20 years & what will be interest rate per year?

Thanks & Regards

Pl reply me in my mail ID.

ashraf says

I am planning to invest Rs. 50000/- in the plan as single premium. please , suggest me i want know completed policy 20 years how much money refundable me

zarrin says

I am interested in ENDOWMENT PLUS (Plan No. 802) . I want to know the maturity value of this plan for Minimum onetime Investment of Rs.30,000/-.

Amit Shaw says

I want to know the full details and benefits of the policy LIC’S ENDOWMENT PLUS (Plan No. 802) in which Single Premium is also allowed under LIC Endowment Plus plan. Minimum onetime Investment Rs.30,000/-(18 yrs tennure)…..is there Any guarantee that i will get Rs. 6,68,404.00according to chart sheet which given by LIC …………………and please show me the growth of this fund?

G S Manjunath says

I want invest 100000 in table 802 for 10 years. Howmuch pension I get / maturity amt.,

vijay kumar j says

sir,

we are requre Endowment Policy

my d.of birth 26.01.1966(20000/-_ p.a.

after 15 year retredment how can paid policy

how many amount return after machurty

regards

vijay

Nitin Patil says

Dear Mr. ANIL KUMAR AGRAWAL

Endowment Plus is a UNIT linked plan. Therefore there is no guarantee of assured return. As we see the progress of Index we can get definitely good returns If we wait for long term.

samuel masih says

if i pay 20000/year in table 802 endomt. plus for 20 years

1-what shall i get after 5 yrs.?

2-what shall i get after 10 yrs.?

my d.o.b – 11oct 1971.

yash says

I want to know the full details and benefits of the policy LIC’S ENDOWMENT PLUS (Plan No. 802) in which Single Premium is also allowed under LIC Endowment Plus plan. Minimum onetime Investment Rs.30,000/-

prakash says

i want to invest rs.50,000 as a single premium in endowment plus for a policy term 10 yrs.what is the maturity amount i will get?

does the nav effect the maximum sum assured?

vimal kumar says

i want to invest rs.50,000 as a single premium in endowment plus for a policy term 10 yrs.what is the maturity amount i will get?

does the nav effect the maximum sum assured?

daniyal says

i want to invest in growth fund for 5 yrs with a annual premium of 1 lac…how much return will i receive and on what base is it calculated and what is NAV calculated …

bharat says

i get a LIC Endowment plan single premium 50000 and put for 20 year. so how many unit i get and also what is the current rate of NAV.

kunal says

how to check the nav for table no 802 lic endowment plus policy

devraj says

in endowment plus what will be maturity amount after 10 yrs.

1. which fund is good to invest??

2. If share market falls down what will happen which we have invested..????

awadhesh yadav says

I want to invest 50,000/= for single premium for LIC’S ENDOWMENT PLUS (Plan No. 802). can I withdraw my money after 5 years and how much will I get after 5 years?

Ravindra Shelar says

Up to how many term we have to pay regular annual premium ?

vimalendu prakash chaturvedi says

give full details of endowment plus plan(802) and tell me about single premium. after investment of single premium my policy is cover for specified term plan ? what is the maturity amount and when i withdraw.

Hemant says

My D. O. B. Is 01.12.1958. I want this policy with critical illness.

What would be primium for minimum policy

Ravinder Sharma says

I am planning to invest Rs.100,000/- per annum for a period of five years in Endoment plus plan.Please do let me know how much amount get on maturity.Can this plan converted into pension plan after maturity? If yes,let me know how much monthly pension I will get.

Hitesh Garg says

I am planning to invest Rs. 50000/- in the plan as single premium. please , suggest me in which fund i would invest viz. bond/growth/balanced/secure.I want to withdraw full amount after 5 yrs then how much will I get after 5 years? Early respone is HIGHLY HIGLY Apreciated. My email id is garghitesh1412@gmail.com.

surendrapatnaik says

1.how much % agent get commision in this policy

1.in single premium

2.in regular premium

Tabrej says

2% less TDS on single premium

surendrapatnaik says

1.what is current nav in equity

Tabrej says

What do you mean by equity?? its not Share

Dharmveer Jangir says

i want to know all details about the lic plan table no 802

Ajay Nagpal says

i am planning to invest Rs. 50000/- in the plan as single premium. please in which fund i would like invest viz. bond/growth/balanced/secure. tell me urgently please.

Sudhir Sharma says

Dear Sir,

I want to invest Rs 30,000/- per annum for atleast 20 yrs in Endowment Plus Plan (Growth). My son age was 27 yrs at present. Please do let me know how much amount he will get on maturity.

Can this plan converted into pension plan after maturity. If it is possible also let me know that what was the rate(s) of monthly pension for him and from which the date the pension will start.

Also let me know what was other benefits, if applicable

Sudhir Sharma says

Sir,

I want to invest Rs 30,000/- per month on my son name he is 27 yrs of age for atleast 20 month of so. Please do let me know that how much amount he will get on mature.

Also do let me know if this plan converted into pension plan that what was the amount he will get on monthly basis as a pension.

Binay Gurung says

I want to invest 50,000/= annual premium for LIC’S ENDOWMENT PLUS (Plan No. 802). for 13 yrs. Please send me details.

Giriraj Kishor Govil says

I want to invest Rs. 50,000/ for single premium. Then I can withdraw full amount after 5 yrs and how much will I get after 5 years?

Giriraj Govil says

I want to invest 50,000/= for single premium for LIC’S ENDOWMENT PLUS (Plan No. 802). can I withdraw my money after 5 years and how much will I get after 5 years?

Arpit says

hi folks:

As asked by some other mate as well, i am planning to take Single premium plan for Rs. 50,000. I got two question here:

1. Do i get 100% Tax rebate for this.

2. How much tax i have to pay at the withdrawal time.

regards

A.S.Kunadaragimath says

Is there provsion for investing in LIC Endowment Single Premium

for the persons having age less than 18 years?

pramod kumar sinha says

agar main onetime Rs.one lacs invest for 15 years ke liye karta hua to after maturity mejhu kya milega?

Tabrej says

Ye NAV pe nirbhar karta hai.

lakshmi says

I want to invest Rs.30000/- as per your table, after 20 years I will get Rs.423964/-. Is this guarantee amount or my investment is on market risk ? whether the maturity amount will varry ?

AMIT KUMAR says

IF I INVEST RS. 20000/- p.a. AND PAYMENT THROUGH ECS @ RS. 1750/- FROM DEC. 2010 FOR THIS FIN. YEAR I.E. 2010-11. HOW MUCH BENEFIT ON TAX FOR FIN. YEAR 2010-11.

Amitava Datta says

If i invest Rs. 30,000 as a single premium what amount i will receive after 20 years, now my age is 36 years ?

BHUPESH KUMAR says

IN ENDOWMENT POLICY T-802 I WANT TO PAY RS.50000 FOR 10 YRS.HOW MUCH I GET

BHUPESH KUMAR says

IF I WILL PAY RS .50000FOR 10 YRS. HOW MUCH I WILL GET.

vinod verma says

what is the expected return of 5000 p.m. to endowment plus policy for 15/20 years at age of 42 along with minimum income requirements if any?what is the amount of risk cover in this policy and what r the medical requirements details?

Sakti Pada Chowdhury says

I m sorry to say that no reply is recd to my queries.who will answer to my queries.Answers shd reach on the same & with that effeciecy u shd work.

saktipchoudhury@rediffmail.com

Tabrej says

Please ask in forum

Swarup Debnath says

Is this correct if i deposit 2lackhs in a single premium in Endowment Plus Plan it returns Rs 54,78,607. in 20 yrs.

Sakti Pada Chowdhury says

Lic’s endowment plus policy unit linked plan

What will be the surrender value if I hv gone for single investment of Rs 1 lac after 5yrs & minimum return

Sakti Pada Chowdhury says

Under endowment plus unit linked plan I hv few points.Pl answer.

1. what will be gauranted return on maturity for one time investment after 5 yrs for full withdrawal

2.Sum assured fixed at what value.

3.Is 100% withdrawal is allowed after 5yrs.

naveen says

if i choose endowment plus policy for five years so that if i pay premium 20,000 for five years how much returns i wil get after five years

naveen says

is there any policy in lic which will give highest returns after five years

k.s.narayana says

i want to invest rs 2 lakhs on my dauthter’s name for 10 years in endowment plus

how much she will get after 10 years ?

what are risk factors ? what combination will be good for growth of the amount pl give chart if possible.

Tabrej says

Growth would be good. Since endowment plus is an ULIP plan I cant give you exact amount but you can expect 6-10% growth in your fund value every year.

ASHOK BHUNIYA says

MY PATRIKA BACHAT PRATIYOGITA KE LIE HINDI ME LIC NEW UPDAT BHEJE

Tabrej says

Ashok ji,

Mujhe iss baare me koi Jaankaari nahi hai.

amjad says

singale premer 1 lack in 10 yaras grothe? endoment pluas

Tabrej says

6-10% growth per year.

suresh krishnan says

pls send the details of benefit under endowment plus policy

Proposed yearly premium Rs.100000/-

Number of years: 5 years

sombody tell after 5 year, will get minimum double amount. ie in above case 100000X5=500000/= So will get Rs1000000/- Is it correct pls reply immediately

Suresh Krishnan

UAE

Tabrej says

Its assumed but NOT Guaranteed. Its ULIP plan which comes with market risk.

gopal says

i want 2 buy your plan as per T-802,giv me total detail s of the plan per Rs 25000/year as the primium

Satyaveer Singh says

I want to know Rs. 30000/= invest in Indoment Plus for 10 years. After 10 years, what amount will be get.

Ajay Kumar says

I want to know Rs. 30000/= invest in Indoment Plus for 10 years. After 10 years, what amount will be get.

Ajay Kumar says

I want to invest single premium Rs.30000 only. What amount will be I get after 10 years.

chandrakant vande says

Dear Sir,

Plz tel me about endowment plus policy. is it growth fund or equity / if i am invest Rs. 100000/- at the age of 30 year , what I will get amount on maturity.Plan for 10 to 20 years.if i want to surrender the policy how much amt I will get that time.( in % )

best regards

chandrakant vande

jagdish mehta says

Compare with Life Link Wealth SP vs LIC Endowment Single Premium

Regards

Jagdish Mehta

09811767323

raghu says

I want to know the full details and benefits of the policy LIC’S ENDOWMENT PLUS (Plan No. 802)

My DOB is 10/07/1983

My investment plan 20,000 per annum

Dharam Veer says

i want to invest only one time but for 15 years in this endowment plus can i do this if i can then what are the benifits

D. P. Chatterjee says

MY DOB IS 16.04.1952. PLEASE LET ME KNOW THE MINIMUM PREMIUM(INCLUDING MAXIMUM ACCIDENTAL PREMIUM) I HAVE TO PAY. WHAT IS THE MATURITY BENEFIT I WILL RECEIVE?

R.S.Negi says

what is future in endowment plus ?

What is the minimum time and sum of amount for investment in this policy?

hayat singh says

I want to know the full details and benefits of the policy LIC’S ENDOWMENT PLUS (Plan No. 802)

what is granted plan,

may age 50 year,

invest max 10year

yearly 36000/

ten year after lum sum amount

please send full detail

Hayat singh

Ratan Mani says

Please mail me Proposal form form for LIC’s Endoment Plus Plan(802)

r.k.agrawal says

i want to take a policy endowment plas plan table no.802. my date of birth is 03-10-1956. I want to deposit 40000/-per annum for 15 year. I want to take insurence for 10 lcs and also accidental insurance 10 lcs. Please tell me following exps.

1- insurance premiun for my age 54

2- Accidenatal insurence charges

3- other all exps.

Sunder Singh says

If calculation made as per last performance of funds of LIC then you will get minimum amount Rs.14 Lac (Approx.) If you are interested in this plan, you may call me. 9815962366

Amardeep Singh says

What will be roughly amount that we will get if take up the Endowment Plus for a period of 16 years on an annual premium of Rs. 30,000/-. Quick response will be highly appreciated.

svsathish says

what are the 10critical illness in endowment plus 802 table

K.N.Krishna Murthy says

I want power point presentation for all the LIC products,where ican get

Tabrej says

You can download it from next month on this website.

M.V.KRISHNA says

I want to know the full details and benefits of the policy LIC’S ENDOWMENT PLUS (Plan No. 802) in which Single Premium is also allowed under LIC Endowment Plus plan. Minimum onetime Investment Rs.30,000/-

SANJAY KUMAR KHILLAR says

MY DOB IS 26.01.1969. PLEASE LET ME KNOW THE BENEFIT AND THE PREMIUM I HAVE TO PAY. WHAT IS THE MATUITY BENEFIT I WILL RECEIVE.

Tabrej says

You can pay whatever you want above the minimum premium.

sreedevi says

in endownment plus policy we can withdraw full amount after the maturity or can it be converted into pension policy what is the locking period

Tabrej says

Yes, you can and you can convert it in to pension after maturity, lockin period is 5 years

amit tirkey says

1) clear the fund allocation

2) after maturity how much amount we will received

3) specify the locking period. if we will surrender this plan then how much amount we get.

4) specify the rider

5) how much insurence cover in this plan

ANIL KUMAR AGRAWAL says

endoment plus plan me kay koi garntee ha?