LIC New Endowment Plan 914
Maturity Calculator

LIC New Endowment Plan 914 Maturity Calculator is an online calculator for calculating maturity as well as the premium value of the policy. To calculate both maturity and premium value sum assured, age and policy term must be selected in the maturity calculator below.

New Endowment Plan Summery

LIC’s New Endowment Plan - Eligibility

Min. Policy Term: 12 years
Max. Policy Term: 35 years
Min. Basic Sum Assured: Rs. 1,00,000/-
Max. Basic Sum Assured: No Limit
Min. Entry Age: 8 years
Max. Entry Age: 55 years
Maximum Age at Maturity: 75 years
Premium Payment Options: Yearly, Half-yearly, Quarterly & Monthly
Accidental Death & Disability Benefit Rider: Available on payment of additional premium.

LIC’s New Endowment Plan - Benefits

On Death: Sum Assured + Bonus + Final Additional Bonus (FAB) if any.
where sum assured on death:

110% of Basic Sum Assured or 7 times of Annualized Premium, whichever is higher.

On Survival: Sum Assured + Bonus + Final Additional Bonus (FAB) if any.
Surrendered Value: The Policy can be surrendered after completion of minimum of two full years of premiums been paid.
Loan: Loan Facility is available only after payment of premiums for at least two years.
Income Tax Benefit: Premium paid under this plan is eligible for TAX rebate under section 80c. and maturity benefits is free under Sec 10(10D).