L I C ‘S New Endowment Plan (Table no 714): – A mother of all policies

Mostly L I C’s non linked Policies Except the term insurance are actually the form of New Endowment plan (714) in different ways. Whether it is endowment plan, money back, child plan or even whole life plans are in fact different form of the New Endowment plan only. one can say L I C’S prominent policies i.e. Jeevan Anand (736), Jeevan Labh (736), Jeevan Lakshya (733), money back (720 / 721) child plan (732 / 734), and even whole life plan Jeevan Umang (745) & Jeevan Utsav (771) are modified forms of the new endowment plan as per the customer needs and suitability.
Of course, market-based (Marked linked) plan / SIP / mutual fund or pension / annuity plan can be separated from the category as described above.
Here we are willing to show the calculated premium of LIC all above said policies one by one against the sumassured, age i.e. policy term, premium paying term, total amount paid & maturity approximately.
We hope our effort will help you to get an idea toke a decision while purchasing insurance policy as per your need / suitability
Let’s start with LIC New Endowment Plan (714) … day by day