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Lic New Endowment
VS
Sbi Smart Bachat
| PLAN DETAILS |
Lic New Endowment |
Sbi Smart Bachat |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 75 years | Maximum Maturity Age - 65 years |
| Premium payment term | Same as policy term | 7/10/15 years |
| Plan Entry Age | Minimum Age - 8 years Maximum Age - 55 years | Minimum Age - 3 years Maximum Age - 50 years |
| Sum assured | Rs 1 lakh to No limit | Rs 2 lakh to No limit |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | Minimum term - 12 years Maximum term - 35 years | Minimum term - 15 years Maximum term - 30 years |
| Claim Settlement Ratio (2024-25) | 98.5% | Minimum Age - 5 year |
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LIC Endowment Assurance Policy Explained | Best LIC Plan for Savings & Insurance |
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LIC New Endowment Plan-one of the best policy by LIC India. The LIC New Endowment plan (Plan No: 914) is a must-avail plan considering the many benefits it offers to the customer. It is a non-linked life insurance policy that offers guaranteed returns and bonuses. The policy offers a great bandwidth in the choice of the policy term. One can choose the duration of the policy from 12-35 years. It also has a stretched age limit wherein it can be availed by anyone between 8-55 years and the same can be continued to as long as 75 years.
The Policy is entitled to regular premium payment for the entire tenure. If an insured person survives the policy term, he/she will be entitled to the maturity benefit that is, the Sum Assured along with the vested Simple Reversionary Bonus + Final Addition Bonus.
LIC New Endowment Plan offers you a range of benefits including:
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