Bima Offer Call : 9717470713

LIC New Endowment Plan (Plan No. 714)

Insurance + Savings | Guaranteed Safety | Bonus Benefits

LIC is one of the leading insurance companies in India. offer you the New Endowment Plan (714) — it is the most trusted, traditional life insurance plan that provides financial protection for your family, along with long-term savings and attractive bonus benefits.

This plan is ideal for family security, children’s future, marriage planning, or retirement corpus.

Key Features of LIC New Endowment Plan (714)

1. Life Insurance Cover + Savings

2. Participating Plan – Earn Bonuses

3. Guaranteed Maturity & Death Benefits

4. Flexible Policy Term: 12 to 35 years

5. Loan Facility Available

6. Tax Benefits under 80C & 10(10D)

Eligibility

1. Minimum Entry Age: 8 years

2. Maximum Entry Age: 55 years

3. Maximum Maturity Age: 75 years

4. Minimum Sum Assured: ₹1,00,000

5. Maximum Sum Assured: No Limit (as per LIC rules)

6. Benefits Explained

Death Benefit

In case of unfortunate death during policy term, the nominee will receive:

Sum Assured on Death
+ Accrued Bonuses
+ Final Additional Bonus (if applicable)

Paid in a lump sum to secure your family’s future.

Maturity Benefit

On survival till maturity, you will receive:

Basic Sum Assured
+ Simple Reversionary Bonuses
+ Final Additional Bonus

A tax-free maturity amount to fulfill your life goals.

Bonus Benefits

This is a With Profits Plan:

 

Annual Simple Reversionary Bonus

Final Additional Bonus for long-term policies
(Declared by LIC based on performance)

Loan Facility

Loan available after 3 years

Use it for emergency needs without breaking your policy

Example (Illustrative)

Age: 30 years
Policy Term: 25 years
Sum Assured: ₹10,00,000
Yearly Premium: Approx. ₹38,000

Total Premium Paid:

₹38,000 × 25 years = ₹9,50,000

Expected Maturity Value:

₹22–24 Lakhs (including bonuses)*

* Bonus rates depend on LIC declarations.

Tax Benefits

Premium eligible for deduction under Section 80C
Maturity / Death Claim fully Tax-Free under Section 10(10D)
(as per current Income Tax rules)

Who Should Buy This Plan?

Salaried & self-employed individuals
Parents planning children’s future
People looking for safe & guaranteed returns
Those who trust LIC’s stability & claim settlement record

Why Buy Through Me?

Proper Need Analysis
Transparent illustration
End-to-end policy servicing support
Claim assistance for family

Let me calculate the best plan for your age and budget.
Share your Age, Policy Term & Monthly Budget, and I’ll suggest the most suitable option for you.

LIC – Zindagi Ke Saath Bhi, Zindagi Ke Baad Bhi