Your online guide to insurance selling
It is a non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. It also takes care of liquidity needs through its loan facility.
While you read out the details of this plan do not forget to check out the special GIFT at the end of this post, reserved only for YOU!
Download the Limited Premium Endowment Plan pdf
Maturity benefit: Basic SA + Reversionary Bonus + Final Additional Bonus
WHICHEVER is HIGHER
Min. Basic SA : Rs. 3 Lakh
Max. Basic SA: No limit (In multiples of Rs. 10,000)
Policy term: 12, 16 and 21 years
Premium paying term: 8 to 9 years
Min age at entry: 18 yrs (Completed)
Max age at entry:
Term PPT = 8 years PPT = 9 years
12 57 62
16 59 59
21 54 54
Higher SA Rebate:
Basic SA Rebate (Rs.)
3,00,000 to 4,90,000 Nil
5,00,000 to 9,90,000 0.50%o B.S.A.
10,00,000 to and above 0.75%o B.S.A.
USP (Unique Selling Point)
1. Latest plan from LIC of India offering ‘WITH-PROFIT” Regular Premium Endowment
2. Maximum age at entry 62 years for 12 years term and 9 years PPT
3. Another interesting USP of this plan is, its appealing IRR rate i.e. 8.94%. Check the calculation given below.
Other LICindia new plans circular and reckoner
NOW! Now! It’s time for something interesting. Here, is the GIFT video I had promised you.
If you are an insurance agent then you MUST WATCH this video. Our IOE’s incomparable leader Mr. Amol Sharma (also called as King of Combination plans) gives insights to some of the plans in the market.