LIC Endowment Policy India- Table 14

Posted on October 25th, 2009 in Endowment Plans

General Policy Conditions

Min. age at entry

Max. age at entry

Max. maturity age

Minimum Term

Maximum Term

Min. S.A.

Max. S.A.

S.A. in multiples

Modes allowed

Accident Benefit per 1000 S.A.

For Minors

Max. Term.

12 years

65 years

75 years

5 years

55 years

Rs.50,000

Any amount

Rs,5000

All

Rs.1 extra

No Restriction

Suitability: Most popular plan for fulfilling all long/short term financial needs.
Other Details: (a) Premium to be paid for the full policy term or till policyholder’s death, whichever is earlier.

(b) Female Category I & II allowed, if the proposer is 61 years & above.

Maturity Benefit: Bonus+Sum Assured is given. If premium paid is for 15 years or more in addition, Final Addition Bonus is also given.
Death Benefit: S.A. + Assured Bonus is given to the nominee. If premium paid is given for 15 years or more final Addition Bonus is also given.
EXAMPLE: Mr. Saif an Endowment policy under Table-14 for Rs.1Lakh for 25 years term. He dies due to a disease after 3 yrs. In this case, Mr. Saif’s family/nominee will receive Rs.1, 14,400(Rs.14, 400 being Bonus for 3 yrs at an estimated Rs.48 pre 1000 p.a.). If saif had survival till maturity he would have got Rs.2,70,000 as maturity benefit (Rs.1,20,000being Bonus for 25 yrs at an estimated Rs.48 per 1000 p.a. + FAB @ 500/- per 1000 = 50,000/-)

LIC Whole Life Policy. Table 2 (with profits) & Table 5 (Limited payment with profits)-LIC India Whole Life Policy. Table 2 (with profits): W.e.f. 15-12-1956 General Conditions: Min. age at entry: 15 years. Max. age at entry: 60 years. Min. S.A.:...
LIC Jeevan Bharti- 1. Table-192 India General policy conditions Min. age at entry Max. age at entry Max. maturity age Terms Allowed Min. S.A Max. S.A S.A in multiples of Modes...
LIC Amulya Jeevan. Life Insurance India Table 190 General police condition Min. age at entry Max. age at entry Max. Maturity Age Minimum Term Maximum Term Modes allowed Minimum S.A S.A in multiples...
LIC Child Fortune Plus Table 194 India This Unit Linked plan is allowed to PARENTS who have a CHILD aged between 0 to 7 years ibd to meet the EDUCATIONAL & OTHER...
LIC Jeevan Varsha Life Insurance General policy condition Min. age at entry Max .age at entry: For 9 yrs Term For 12 yrs Term Max. maturity age Terms Allowed PPT...

Tags: Endowment plans, Endowment policy, endowment with profits, health insurance, Insurance, LIC, lic corporation, LIC India, lic insurance, lic kurla, lic mumbai, LIC of India, lic pimpri chinchwad, LIC premium, lic pune, lic thane, Table 14

This post has 16 comments

PANKAJ
December 14th, 2010
sir
i want a policy for my son who is sixteen years old, i will pay premium of rs100000/- yearly. what will be the maturity amount after 20 years
[Reply]
Dhamma Reply:
January 17th, 2011 at 10:26 pm
Don’t waste your money in buying insurance plans. There returns do not even beat inflation Best is to buy a term plan of appropriate amount and invest rest in mutual funds and PF.
[Reply]
Reply to this comment
Nipan
March 3rd, 2011
GOOD REPLY.. THANKS
[Reply]
Reply to this comment
Vinod Patil
March 13th, 2011
Whether Loan will be available for the policy no.14 (Endowment Assurance Policy)
[Reply]
Reply to this comment
kumar
March 27th, 2011
one my widow pensioner relative aged 50 yrs ,can she take table 14 for 20 yrs, if not advice for old and good plan.
thanks
[Reply]
Reply to this comment
MURALI
August 26th, 2011
GOOD ADVISE, DON’T INVEST IN INSURANCE PLANS. IF NECESSARY TAKE THE ACTUAL TERM INSURANCE ONLY.
[Reply]
Reply to this comment
Amit
September 9th, 2011
No, you should buy a good ULIP plan with high insurability. The charges are just 2% now and with the kind of insurability that they offer it will beat MF return in a span of 5 years + the insuribility will keep increasing once the mortality charges is taken care of.
Do not go by popular notions of buying a term plan and MF, that is wrong. A term plan will give u same sum assured till age 65 and the premium will aslo remain the same. u actually depriciate ur life value.
[Reply]
Reply to this comment
prakash
September 17th, 2011
sir my endwoment policy status no-633375245
[Reply]
Reply to this comment
ved prakash srivastava
September 20th, 2011
My age is 30 years an i want to get a policy of table 14 of 100000 for 35 years i want to know that what will be the final amount at the last which lic provide me.
i will also take of policy of table 14 of 200000 for 40 years for his younger brother who is 18 years tell me what will be the final maturaity value which lic provide me at the end of 40 years
thanking you
[Reply]
Reply to this comment
poornima sekhar
September 28th, 2011
i have taken a policy under endowment plan 14-15 and i am regularly paying a qtly preium of Rs 5525 and my cdoc is on 28-06-1998 how much will i get premium amount plus bonus amount after the maturity
[Reply]
poornima sekhar Reply:
September 28th, 2011 at 4:22 pm
waiting for the reply
[Reply]
poornima sekhar Reply:
September 28th, 2011 at 4:23 pm
what will be the total amount i will get at the time of maturity
[Reply]
Reply to this comment
mona
October 13th, 2011
i want to know about details of wonder back sadabahar-14 plus pension plan. if i will invest 2259 monthly up to 25 years and i am 35 years old now then after completing 25 years how much ammount i will get? and i want to know about risk cover.this plan is related to market plus or related to share.
[Reply]
Reply to this comment
monalisa
October 13th, 2011
i want to know about table 14
[Reply]
Reply to this comment
koushik
October 13th, 2011
i want to know about jeevan suraksha pension plan
[Reply]
Reply to this comment
subhajit ghosh=calcutta
January 23rd, 2012
if u want to get any presentation about any policy of LIC OF INDIA ,feel free to contact me at (subhajit.ghosh12@gmail.com)
[Reply]
Reply to this comment