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Launch Date Table No. UIN Status
1/12/2014 830 512N293V01 Active

About the LIC Limited Premium Endowment Plan

  • This is a simple Endowment plan offering bonuses on maturity
  • Primary objective of the LIC endowment plan is investments with low risk returns
  • Limited premium paying plan for fixed terms
  • Fixed term ( 12, 16, 21) of the plan helps in specific goal based planning
  • Can choose from two riders as an additional benefit
  • This plan offers a rebate on premium for the higher sum assured chosen

How does this plan work?

Under the LIC Limited Premium Endowment Plan, an individual pays regular premium for a period of 8 or 9 years that has a fixed policy term (12 or 16 or 21 years). On completion of the policy term, the individual receives a Maturity Benefit which is a lumpsum comprising of the Sum assured and accrued bonus. If in-case on death of the insured, during the policy term his nominee receives the Death benefit that is a lumpsum amount comprising of accrued bonus and sum assured on death, which is higher among;

  • 125% of the Basic Sum assured
  • 10 times of the yearly premium amount paid till death
  • 105% of all the premiums paid




Person’s age: 35
Sum assured: Rs. 5 lakhs
Premium Paying Term: 9 years
Policy term: 21 years

An individual chooses a policy term of 21 years but pays a regular monthly premium of Rs 3058 for a limited term of 9 years, for an assured sum of Rs 5 lakhs. Once, the policy term ends, the insured receives approximately Rs. 1075000 as the maturity benefit. If in-case the insured dies after paying all the premiums but before the policy term ends, then his nominee receives the death benefit which is shown above.

Why should you buy LIC Limited Premium Endowment Plan?

  • It is low risk investment option that provides monetary gains over the years
  • High Life cover ratio means higher bonus amounts.
  • This plan can be used for availing loans
  • Premiums paid are tax exempt under section 80C and maturity amount is tax free under section 10(10D)


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Bonus History

Company Name : Life Insurance Corporation of India

Plan Name : Limited Premium Endowment Plan

BonusYear RevBonus MinPT
2014 4% 12
2014 4.5% 16
2014 5% 21
2015 4.00% 12
2015 4.50% 16
2015 5.00% 21
2016-17 4% 12
2016-17 4.5% 16
2016-17 5% 21

Bonus explained: For a sum assured of Rs. 100000/-, if the bonus declared is 4.2% or Rs 42/- per thousand, then the amount of Rs 4200/- gets accumulated into the policy for that year.

Who should buy LIC Limited Premium Endowment Plan?

  • An individual who is looking out for a low risk investment that pays good bonus
  • Individuals who are planning for their specific life goals
  • Eligibility criteria of LIC limited premium endowment plan
Minimum Basic Sum Assured Rs. 300,000
Maximum Basic Sum Assured No Limit
(The Basic Sum Assured shall be in multiples of Rs. 10,000/-)
Policy Term 12, 16 & 21 years
Premium Paying Term 8 & 9 years
Minimum Age at entry 18 years (completed)
Maximum Age at entry
Term (in Years) PPT = 8 years PPT = 9 years
12 57 62
16 59 59
21 54 54
Maximum Maturity Age
69 years (nearest birthday) for 12 year Term and 8 year PPT
74 years (nearest birthday) for 12 year Term and 9
75 years (nearest birthday) in all other cases


Riders & Add On

The following rider is available under this plan:

Accidental Death and Disability Rider: In this rider the nominee/ family receives the sum assured after the insured’s accidental death or dismemberment or permanent disability.

New Term Assurance Rider:  In this rider the policyholder gets an additional life cover (sum assured). On death of the insured, the nominee receives additional equivalent amount of money payable in this rider

Claim Process

Know Claim Process of LIC Limited Premium Endowment Plan

Claim Process

Company Overview

Life Insurance Corporation is an Indian state-owned insurance group and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of Rs.1560482 crore.


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Tab 2

2 burgers per month

burger₹ 700
Your yearly cost on fast food = roughly ₹ 8,400
Cost of Health Insurance for whole family with ₹ 5 lakhs cover!

Tab 3

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Get ₹. 50 Lakhs
on retirment by saving
₹. 3,900/ Month.