LIC's New Endowment Plan vs LIC's Single Premium Endowment Plan
Endowment plansFull plan page →
LIC's New Endowment Plan
- Plan no.
- 714
- UIN
- 512N277V03
- Status
- active
Entry age window8 yrs — 50 yrs
0255075100
Endowment plansFull plan page →
LIC's Single Premium Endowment Plan
- Plan no.
- 717
- UIN
- 512N283V03
- Status
- active
Entry age windowFrom birth — 65 yrs
0255075100
Eligibility & terms
| LIC's New Endowment Plan | LIC's Single Premium Endowment Plan | |
|---|---|---|
| Minimum age at entry | 8 years (completed) | 30 days (completed) |
| Maximum age at entry | 50 years (nearer birthday) | 65 years (nearer birthday) |
| Minimum age at maturity | 20 years (completed) | 18 years (completed) |
| Maximum age at maturity | 75 years (nearer birthday) | 75 years (nearer birthday) |
| Minimum policy term | 12 years | 10 years |
| Maximum policy term | 35 years | 25 years |
| Minimum basic sum assured | — | ₹ 1,00,000 |
| Maximum basic sum assured | — | No limit Sum Assured will be in multiples of amounts specified below: Basic Sum Assured Range Sum Assured multiple From ₹ 1,00,000/- to ₹ 10,000/- ₹ 2,50,000/- Above ₹ 2,50,000/- ₹ 25,000 |
Riders available
| Rider | LIC's New Endowment Plan | LIC's Single Premium Endowment Plan |
|---|---|---|
| LIC's Accident Benefit Rider | — | |
| LIC's Accidental Death and Disability Benefit Rider | ||
| LIC's Critical Illness Health Rider | — | |
| LIC's New Term Assurance Rider | ||
| LIC's Premium Waiver Benefit Rider | — |
Want the exact premium for each?
Terms differ between these plans, so the fair comparison is your actual premium for your age and cover on each — not a single blended number. Open each plan's calculator, or ask KNATRA directly.