💼 LIC Endowment Plans

An Endowment Plan is a life insurance policy that offers dual benefits—life coverage and long-term savings. Policyholders receive a guaranteed lump sum either at maturity or their beneficiaries receive it in case of the insured’s unfortunate demise. LIC Endowment Plans are trusted for their stability, guaranteed returns, and disciplined savings structure. Popular tables include 714, 715, 733, 736, and 760.

Key Features of LIC Endowment Plans:

• 1. Dual Benefit (Savings + Insurance):
  Offers life insurance protection along with long-term wealth creation through guaranteed savings.
• 2. Guaranteed Maturity Benefit:
  On policy maturity, the insured receives the sum assured plus bonuses, ensuring a solid financial return.
• 3. Death Benefit for Family:
  In case of unfortunate death, beneficiaries receive the sum assured along with applicable bonuses, securing their future financially.
• 4. Fixed Premiums:
  Premiums remain constant throughout the policy term, making budgeting easier and predictable for policyholders.
• 5. Long-Term Investment Growth:
  Encourages disciplined saving over 10–35 years, ideal for goals like children's education, retirement, or asset creation.
• 6. Bonus Additions:
  Eligible policies earn reversionary bonuses, which enhance the maturity and death payouts.
• 7. Loan Facility:
  Allows policyholders to borrow against the policy after a certain period, providing financial flexibility during emergencies.
• 8. Tax Benefits:
  Premiums qualify for tax deductions under Section 80C, and maturity benefits are generally tax-free under Section 10(10D), subject to conditions.
• 9. Suitable for Long-Term Savings Goals:
  Ideal for individuals looking to save systematically while ensuring life insurance protection.

Why LIC Endowment Plans Are Important:

Endowment plans offer a combination of guaranteed returns and protection, making them ideal for long-term financial planning. They provide peace of mind through life cover while simultaneously building a maturity corpus for future goals.

Need Assistance?

Our LIC-certified advisors can help you choose the right Endowment Plan based on your financial goals, income, and long-term aspirations. Contact us for guidance on LIC Table Numbers 714, 715, 733, 736, and 760.