New endowment plan 914

organiccat214

What is new endowment plan 914?

HappyFish529

The New Endowment Plan 914 is a non-linked participating life insurance plan that offers you financial protection against death, along with the opportunity to accumulate wealth over the policy term. Under this plan, you can choose to pay premiums for a policy term of 10, 15, 20 or 25 years. The death benefit and the maturity benefit under this plan are determined by the sum assured, the policy term and the age of the policyholder at the commencement of the policy. This plan also offers you the flexibility to make partial withdrawals from thePolicy Account after the first policy year.

Yagnesh_bansal

New endowment plan 914 (NEP 914) is a life insurance policy that offers both death and maturity benefits. It is a participating policy, which means that the policyholders are entitled to a share of the profits earned by the insurer. The policy term is 10 years, and the minimum sum assured is Rs.1 lakh.

NEP 914 offers a guaranteed maturity benefit of 105% of the sum assured, along with a loyalty addition, if any. On the death of the policyholder, the nominee will receive the sum assured along with a terminal bonus, if any.

The main features of NEP 914 are as follows:

• Policy term: 10 years

• Minimum sum assured: Rs. 1 lakh

• Premium paying term: Same as policy term

• Premium payment frequency: Annual, half-yearly, quarterly or monthly

• Grace period: 30 days for annual and half-yearly mode, 15 days for quarterly mode and 7 days for monthly mode

• Loan facility: Available after 3 policy years

• Surrender value: Available after 3 policy years

• Tax benefits: Under section 80C and 10 (10D) of the Income Tax Act

NEP 914 is a good option for investors looking for both death and maturity benefits. The policy term is long enough to help you fulfill your financial goals, and the guaranteed maturity benefit ensures that you get back your investment, along with some returns. The policy also offers the additional benefit of a terminal bonus, which can further enhance your returns.

ananth_shenoy

The New Endowment Plan 914 is a whole life Participating Endowment Insurance policy which offers a combination of protection and savings. This makes it an ideal choice for those who wish to secure their future as well as save for specific financial goals. Under this policy, the policyholder receives regular payouts that grow at a fixed rate, known as the sum assured. In case of death during the policy term, the nominee receives the sum assured along with all accumulated payouts. The policy also has a maturity benefit, which is paid out on completion of the policy term.

kalpit_achaya

New endowment plan 914 is a new type of insurance policy that is being offered by some insurance companies. This policy is designed to provide coverage for a specified period of time, after which the policyholder will receive a lump sum payment. The policyholder can then use this lump sum to pay for their education, purchase a home, or invest in other assets. This type of policy can be a good option for those who want to have some financial security in their later years.

Magika602

Assuming you are asking about the LIC New Endowment Plan 914:

The LIC New Endowment Plan 914 is a non-linked, with-profits, whole life insurance plan.

Some of the features of this plan are:

Provides financial protection in case of death
Option to avail loans
Maturity benefits
Partial withdrawal facility
Tax benefits as per prevailing laws

For more detailed information, you can refer to the link below:
LIC New Endowment Plan 914