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LIC Limited Premium Endowment Plan

LIC Limited Premium Endowment Plan 830 is among the most popular limited premium endowment plan offering savings and protection.

Key Features of LIC Limited Premium Endowment Plan-

  • Maturity benefit can be availed either when the policy term ends or in the unfortunate demise of the life insured.
  • LIC Limited Endowment Plan 830 is a limited period plan where premium is paid for lesser years than the policy term.
  • The minimum age of entry for LIC Limited Endowment Plan 830 is 18 years and the maximum depends on the policy term
  • The Ceasing Age for LIC Endowment Plan 830 is 70 years.
  • Minimum Sum Assured for LIC Limited Premium Endowment Plan 830 is 3,00,000.
  • The limited premium endowment plan 830 also offers a grace period of 15 days for monthly payment and up to 30 days for quarterly, half yearly and yearly payment mode.

Benefits of LIC Limited Premium Endowment Plan 830

Death Benefit:

The nominee is offered the sum assured and bonuses on the sudden demise of the policy holder. The amount may equal to 125% of basic sum assured, 10 times annualized premium or 105% of all premiums paid as on the date of the death.

Maturity Benefit:

If the policy holder stays well through the policy term, the LIC limited premium endowment plan 830 makes his stay even more pleasant by paying the sum assured and bonuses.

Special rebates:

on premium amount depending on the sum assured amount and the mode of payment.

Maximum Accidental Death and Disability Benefit Rider offered under LIC endowment plan 830 is Rs. 1 crore. This rider can be opted in the LIC limited endowment plan 830 if the policy term is more than 5 years and is available either when the policy holder attains 70 years of age or on policy anniversary, whichever arrives earlier.

Term Assurance Rider

can be opted for anytime during the term of the LIC limited premium endowment plan 830 subjected to the payment term should be minimum 5 years. The minimum sum assured is Rs.1 lakh while the maximum is Rs. 25 lakhs. The cover is obtainable at 70 years or at policy anniversary.

Call your LIC agent now, understand the LIC limited endowment plan 830 and enroll now.

Eligibility Conditions & Restrictions 
Minimum age90 days completed
Maximum age65 years
Maximum maturity age75 years
Policy Term10 years to 25 years
Minimum Sum AssuredRs.50,000
Maximum Sum AssuredNo limit
Premium paymentSingle Premium
LoanEligible after 1st year
SurrenderEligible at any time
On DeathSum Assured + Bonus
On MaturitySum Assured + Bonus
Income Tax Benefit20% of Premium paid are eligible for Tax rebate u/s 80c