1. LIC’s NEW ENDOWMENT PLAN
Table No. 814

2. Endowment Assurance Plan
LIC’s New Endowment Plan – Benefits
Table No. 14
Endowment Assurance Plan
Table No.814
New Endowment Plan
Maturity Benefit
Basic Sum Assured along with
Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any.
Vested Simple Reversionary Bonuses and
Final Additional Bonus, if Any.
Death Benefit
Sum Assured (SA) along with Vested Simple Reversionary Bonuses and
Final Additional Bonus, if any.
‘Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death.
No change
Modified ‘Sum Assured on Death' instead of SA.

3. What is Sum Assured on Death?
LIC’s New Endowment Plan – Benefit on Death
What is Sum Assured on Death?
Sum Assured on Death shall be Higher of ~
Basic Sum Assured (BSA) OR
10 times Annualised Premium.(10 x AP).
[*The premiums mentioned in death benefit are excluding taxes, extra premiums and premiums for riders, if any]

4. LIC’s New Endowment Plan Endowment Assurance Plan
Eligibility Conditions and Restrictions
Particulars
Table No. 14
Endowment Assurance Plan
Table No. 814
New Endowment Plan
Age at entry
12 to 65 years
8 to 55 years
Age at Maturity
Maximum 75 years
Maximum 75 Years
Policy Term
5 to 55 years
12 to 35 years
Premium mode
Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured
50000 and above
and above
( In multiples of 5000)
Age at entry modified
Policy term modified
Minimum Sum Assured Modified

5. LIC’s New Endowment Plan ~ Rebates Endowment Assurance Plan
Mode
Rebate
Table No. 14
Table No. 814
Yearly
3% of tabular Premium
2% of tabular premium
Half-yearly
1.5% of tabular premium
1% of tabular premium
Quarterly
Nil
Rate modified
Slab & Rate modified
Table No 14
Endowment Assurance Plan
Table No. 814
New Endowment Plan
Basic Sum Assured
Rebate (Rs.)
and above
2.00‰ SA
5,00,000 and above
3.00‰ BSA
50001 to
1.00‰ SA
2,00,000 to 4,95,000
2.00‰ BSA
Upto 50000
Nil
<1,95,000

6. LIC’s New Endowment Plan ~ Policy Loan Endowment Assurance Plan
Table No. 14
Endowment Assurance Plan
Table No. 814
New Endowment Plan
Available after payment of 3 full years premiums.
Loan granted shall be 90% of the Surrender Value in case of inforce policies and 85% of the Surrender Value in case of Paid-up policies irrespective of the policy term.
The maximum amount of loan that can be granted as a percentage of Surrender Value shall depend on the Policy Term, as given in the table below.
Foreclosure action was initiated on default of 2 or more half-yearly loan interest installments.
Foreclosure action shall not be taken under fully paid-up and inforce policies even if there is default of loan interest.
% of loan modified
Policy Term
Upto 23
24 to 27
28 to 31
32 to 35
% for inforce policies
90%
80%
70%
60%
% for Paid-up policies
50%

7. LIC’s New Endowment Plan ~ Surrender Value
Table No.14
Table No. 814
Guaranteed Surrender Value (GSV)
Available after payment of 3 full years premiums.
GSV shall be equal to 30% of the total premiums paid less First Year Premium and extra premium, if any.
GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders,if opted for.
Examples of GSV factors applicable for total premiums paid
Policy Year ~ GSV factor
3 = 30%
5 = 50%
t -1 = 80% (t=Policy Term)
Cash Value of vested bonuses, if any.
GSV factor applicable to vested bonus,if any. Examples of Vested bonus factors –
Year of SV – Policy Term – Factor % % %
No Change
GSV % modified
Bonus Payablemodified

8. Endowment Assurance Plan
LIC’s New Endowment Plan
No change in SSV
Table No. 14
Endowment Assurance Plan
Table No. 814
New Endowment Plan
Special Surrender Value (SSV)
Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.
The discount factors shall be surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.
Surrender Value Payable
Surrender Value payable
The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

9. Endowment Assurance Plan
LIC’s New Endowment Plan ~ Table No. 814
Table No 14
Endowment Assurance Plan
Table No 814
New Endowment plan
A Policy may be revived within a period of 5 years from the date of first unpaid premium.
A Policy may be revived within a period of 2 years from the date of first unpaid premium.
Taxes, if any , were borne by the corporation.
Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.
There shall be no change in the following Items
Back Dating
Grace Period
Paid-up Value
Assignment/Nomination

10. ‘Sum Assured on Death’ has been defined separately.
LIC’s New Endowment Plan –
Changes over Table No.14
‘Sum Assured on Death’ has been defined separately.
Age at entry has been reduced.
Percentage of Loan payable as a percentage of Surrender Value shall depend upon policy term.
GSV percentage shall also depend on policy term and year of Surrender.
Rebates for high SA and premium mode modified.