LIC Limited Premium Endowment Plan 830 is among the most popular limited premium endowment plan offering savings and protection.
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.
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.
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.
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 age||90 days completed|
|Maximum age||65 years|
|Maximum maturity age||75 years|
|Policy Term||10 years to 25 years|
|Minimum Sum Assured||Rs.50,000|
|Maximum Sum Assured||No limit|
|Premium payment||Single Premium|
|Loan||Eligible after 1st year|
|Surrender||Eligible at any time|
|On Death||Sum Assured + Bonus|
|On Maturity||Sum Assured + Bonus|
|Income Tax Benefit||20% of Premium paid are eligible for Tax rebate u/s 80c|