LIC New Endomentment Plan 914 Maturity Calculator
LIC Endowment Plan 914, which is a savings-oriented plan that provides life insurance coverage along with a maturity benefit.
If you are looking to invest in the LIC Endowment Plan 914, it is essential to understand its features and benefits. In addition, you may also want to calculate the maturity amount that you can expect to receive at the end of the policy term.
That’s where the LIC Endowment Plan 914 Maturity Calculator comes in handy.
The LIC Endowment Plan 914 Maturity Calculator is an online tool that helps you estimate the maturity amount you can expect to receive at the end of your policy term.
The calculator takes into account various factors such as the
- sum assured,
- policy term,
- premium amount,
- bonus, and other benefits that are applicable under the plan.
To use the LIC Endowment Plan 914 Maturity Calculator, you need to enter your details such as your age, sum assured, policy term, premium payment term, and premium amount.
Based on these inputs, the calculator will provide you with an estimated maturity amount that you can expect to receive at the end of the policy term.
The LIC Endowment Plan 914 offers a guaranteed sum assured along with a bonus that accrues over the policy term.
In addition, the plan also provides for various benefits such as death benefit, accidental death benefit, and disability benefit. The maturity amount that you can expect to receive at the end of the policy term will depend on these factors and the premium that you pay.
The LIC Endowment Plan 914 is a non-linked, participating, and endowment plan that provides a lump sum benefit at maturity.
The plan is suitable for individuals who are looking for a savings-oriented plan that provides life insurance coverage.
The policy term ranges from 12 years to 35 years, and the premium payment term is equal to the policy term.
The sum assured under the LIC Endowment Plan 914 starts at Rs. 1,00,000, and there is no upper limit on the sum assured.
The premium that you pay will depend on the sum assured, policy term, and premium payment term. The plan also provides for bonus payments, which are declared by LIC from time to time and are payable on maturity or death.
In conclusion, the LIC Endowment Plan 914 Maturity Calculator is a useful tool that helps you estimate the maturity amount you can expect to receive at the end of your policy term. However, it is essential to note that the calculator provides only an estimate, and the actual maturity amount may vary based on various factors such as bonus, taxes, and other charges.