LIC’s new endowment plan

• The risk coverage under this plan increases every year as LIC declares bonuses, while the premium remains unchanged.
• Customers receive tax-free maturity benefits, including bonuses and the sum assured.
• This plan offers optional coverage for Accidental Life, Disability Benefit, and Critical illness.
• In the event of the parent’s death, the plan provides premium waiver benefits for minors.
• Policyholders can choose to receive the maturity proceeds in installments for a period of 5, 10, or 15 years.
• Similarly, the policyholder has the option to receive the death benefit in installments.
• LIC provides premium discounts for yearly payment mode.
• Policyholders can avail a loan after completing one year of the policy.