• LIC Endowment Plus Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    The Endowment Plus plan from Life Insurance Corporation of India is a unit linked endowment policy that provide investment as well as insurance cover for the tenure of the plan. The level of coverage that can be availed through this policy will depend upon the quantum of premium payments and the mode of premium payments chosen by the customer. Customers have four choices when it comes to investing their premiums. Any of the four kinds of investment funds can be selected and premiums can be paid either on a monthly, quarterly, semi-annual or annual basis depending upon the preference of the customer. Customers will also have an option to make a single premium payment if they prefer it over regular premium payments.

    Eligibility Criteria for LIC Endowment Plus

    Minimum Entry Age 7 years (last birthday)
    Maximum Entry Age 60 years (nearest birthday)
    Minimum Age at Maturity 18 years (completed)
    Maximum Age at Maturity 70 years (nearest birthday)

    Key Features of LIC Endowment Plus

    Plan Type Unit Linked Endowment Plan
    Plan Basis Individual
    Sum Assured Minimum: Regular Premium Policies: (Policy Term +1) x the yearly premium Single Premium Policies: If entry age is under 45 years: 1.25 x Single Premium. If entry age is 45 years and above: 1.10 x Single Premium Maximum: Regular Premium Policies: If entry age is under 45 years: 30 x Yearly Premium. If entry age is 45 years and above: 25 x Yearly Premium. Single Premium Policies: (If Critical Illness Benefit Rider is selected) If maturity age is under 55 years: 5 x Single Premium. If maturity age is between 55 and 60 years: 3 x Single Premium Single Premium Policies: (If Critical Illness Benefit Rider is not selected) If maturity age is under 65 years: 5 x Single Premium If maturity age is between 65 and 70 years: 3 x Single Premium
    Premium Payment Modes Monthly, Quarterly, Semi-annual, Annual
    Policy Term Minimum: 10 years Maximum: 20 years
    Premium Minimum: Regular (apart from monthly ECS mode): Rs.20,000 per annum Regular (for monthly ECS mode): Rs.1750 per month Single Premium: Rs.30,000 Maximum: Regular: Rs.1 lac Single Premium: No Limit
    Loan against Policy Available
    Revival of Policy Available
    Partial Withdrawals Allowed
    Settlement Option Available
    Cooling off Period 15 days
    Assignment Allowed

    Benefits of LIC Endowment Plus

    1. Death Benefit: In case of death of the Life Assured prior to the predetermined date of maturity, and if the death occurs prior to the Date of Commencement of Risk, an amount equivalent to the Fund Value of the policyholder will be paid out to the nominee. In case of death after the Date of Commencement of Risk, an amount equivalent to the higher of the policyholder's Fund Value or Basic Sum Assured will be paid out to the nominee. The Basic Sum Assured here will either be 105% of the overall premiums paid or 10 x the yearly premium, whichever is higher.
    2. Maturity Benefit: In case the Life Assured survives until the date of maturity of the policy, he / she will receive an amount equivalent to his / her Fund Value.
    3. Optional Benefits: The Linked Accidental Death Benefit Rider can be availed to increase the level of coverage.

    How does this Plan Work?

    The Endowment Plus plan is a unit linked endowment policy by LIC that can be availed by customers who choose to make a single lump sum premium payment or premium payments on regular intervals of time. The premium payment mode and the amount of money the individual decides to pay as premium will determine the level of coverage he / she can avail. Benefits will be paid out either on the death of the policyholder, or upon maturity of the policy. In case of death of the Life Assured, the Fund Value (Basic Sum Assured) of the policyholder will be paid out to the nominee. In case the Life Assured survives until the policy has matured, maturity benefits can be claimed in the form of an amount equivalent to the policyholder's Fund Value.

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    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    LIC Endowment Plus Plan Reviews

  • Page 1 of 50 1 2 3 4 5
    • LIC Life Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      I have taken life insurance from LIFE INSURANCE CORPORATION OF INDIA and the yearly premium is 30000. The total maturity period is for 20 years. After the maturity period i will get the sum assured and the interest. I mostly do cash payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 14 years and it is a long term policy. I am happy with the returns and benefits of this policy. I pay my premium once in 3 months by cash and i am convenient with the payment options. The maturity period for this policy is after 23 years.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Life Insurance Corporation of India. I would like to say that the customer service is fine one for me and the response is also good, also its not necessary. Plan benefits are less with them.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I took this life insurance jeevan policy from Lic insurance company mainly because of the good returns. The tenure period is 20 where the policy covers till 60 years . Am doing my payment yearly through on-line banking this policy covers accidental benefits and critical illnesses .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I took life insurance jeevan policy from Lic insurance company mainly because of the good returns, its 20 years of tenure period , the payment am doing through on-line monthly . There customer service and customer response is good .This policy covers accidental and critical illness coverage .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance Money back policy from Life insurance Corporation of India. Am satisfied with the premium amount of Rs 7000 which has the tenure period of 20 years . There customer service and response is good. Overall am satisfied with the policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I've a life insurance policy with the LIC. It offers Accidental and Life coverage in one policy . I pay a premium of Premium 4900 per year. I make payments via Cheque and online LIC website. I never faced any issue with the policy so far. Overall ti has been a good experience with their services.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've an insurance policy with the LIC. I make payments via the LIC website . I also got loans out of the policy for 60000 and the whole process of loan application was quick and got the loan amount with in 3 working days. Overall it has been a smooth experience with the LIC policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. The tenure of the policy is 20 years. I am paying the premium of quarterly 5000. The sum assured is 1 lac. The payment options are also smooth. I never had any issues with their services. LIC is a recommendable insurance provider.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. I have been using their services for a while. It is too easy to make payments and never faced any issues with the policy so far. Being a government company the security for your investment is certainly there with the LIC and it is a recommendable insurance provider.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. Their service is great, I make payments via LIC website. I have paid a lump-sum premium of 70000 and I never faced any issues with their services. Their new payment platform is also very useful and intuitive.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Average policy"
      0.5 3.0/5 "Satisfactory"
      I have taken Life insurance Money back from life insurance corporation of India . Am not satisfied with the premium amount which am paying . Their customer service and response is good . They did quick documentation. It has good returns with good benefits.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance jeevan policy from Life insurance corporation of India . This policy covers with accidental coverage and critical illness coverage . This is good policy with good benefits . Overall am satisfied with customer service and response . I have choose tenure period of 20 years and make the payment yearly through on-line net banking.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 10-12 years and it is a long term policy. I am happy with the returns and benefits of this policy. I pay my premium once in 6 months through direct payment and i am convenient with the payment options. The name of this policy is Jeevan anand and the maturity period is after 15 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "LIC is old company with new services"
      0.5 5.0/5 "Blown Away!"
      I'm regularly paying the premium. I came to know about the policy through agent. I use to payment through net banking. I will get the sum assured amount of Rs. 50 Lakhs. I use to pay the premium amount of Rs. 16000. I have opted for the premium yearly once.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 2 years and it is a long term policy. The tenure for this policy is 15 years. I pay my premium once in 6 months through net banking and i am convenient with the payment options. I am happy with the returns and benefits of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "They have to change the agent for their policies. "
      0.5 1.0/5 "Really Bad"
      I don't find any offers from LIC. I did not paid the premium properly. I never called up the LIC customer care services. They committed many benefits when i take the policy from them. But they did not provide anything after that. I have paid only one premium with the amount of Rs. 5000 for my pension policy. I don't remember the benefits of the policy now. Agent who works in LIC makes lots of people fool.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good policy to take"
      0.5 5.0/5 "Blown Away!"
      It is very old policy. I have taken the policy 8 years back. I'm paying the premium six month once. I don't remember the sum assured amount and all. Death Coverage, Risk Coverage is available. Every 5 years i will get some money from them. Once the tenure is over, i will get the whole money. Tenure period of this policy is 15 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I've been using the Jeevan Anand policy for a while. I am paying the premium of 25000 per year, it offers coverage for me and wife. The tenure is 15 years and I make payments via agent. Overall I never faced any issues with their services. The branch services are also good.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I am having a plan called MONEYBACK from the LIC. I am holding it since 14 years. It is a short term of 15 years. The documents i have done physically. I had got no loan from my insurance. I am getting the money back in the 5th year. I would be getting the 3 lakhs as the summer shot.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 17, 2018
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