LIC Has Recently Launched A New Unit-Linked Insurance Plan

Life Insurance Corporation of India (LIC) has launched its new ULIP product across the country. New Endowment Plus Plan is an insurance-cum-investment plan that provides dual benefit of risk cover as well as investment markets.
Only available offline, this new plan has four funds, namely, bond fund, balanced fund, secured fund, and growth fund. In addition, it comes up with the option of switching between these funds, subject to a maximum of four free switches in a year.

Read more
Best Investment Plans
  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • ₹ 1 Crore

    Invest 10k Per Month*
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Grow Your Wealth !

Best Plans With High Returns Available On One Platform

View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

The policyholder can choose the amount of premium depending on which they will get the equivalent level of cover. Each premium paid by the policyholder shall be subject to premium allocation charges. The allocated premium will be utilized to purchase units as per the selected fund type.

According to the officials, the premium allocation charges would range from 7.5% of premium paid in the first year to 3% from the sixth year onwards.

The policyholder’s entry age for this product would be in between 90 days to 50 years. The policy term would be 10-20 years and the minimum annual premium would be Rs. 20,000 with no upper limit on the annual payable premium.         

This insurance-cum-investment product will also offer double death benefit. On death of the policyholder before the commencement of risk, an amount equal to the policyholder’s fund value will be payable. While if the death  happens after date of commencement of risk, an amount equal to the higher of basis sum assured or policy holder's fund value will be payable.

In addition to that, it comes with an accident death benefit rider, which provides for an extra amount equal to accident death benefit sum assured on death due to accident.

Written By: PolicyBazaar - Updated: 25 August 2021

Ulip plans articles

Recent Articles
Popular Articles
7 Things to Know About the Tax Benefits of ULIPs

06 Oct 2021

Nowadays, Unit Linked Insurance Plan i.e., ULIPs have evolved as...
How To Select The Best ULIP For Your Portfolio?

08 Sep 2021

ULIPs provide financial protection to the policyholder’s...
How to Choose The Right ULIP Plan In 5 Easy Steps

08 Sep 2021

Unit Linked Insurance Plans or ULIPs as known popularly, are one...
ULIP Calculator

08 Oct 2018

A ULIP calculator is a specifically developed tool which helps...
ULIP Fund Returns

08 Feb 2017

ULIP or Unit Linked Insurance plan  provides a combined benefit...
ULIP Calculator
A ULIP calculator is a specifically developed tool which helps the insurance buyers to calculate the premium...
ULIP Fund Returns
ULIP or Unit Linked Insurance plan  provides a combined benefit of investment and life cover. According to the...
SBI Life Smart Privilege Plan - All You Need to Know About Benefits & Features
One of the most trusted life insurance companies in India, SBI Life has recently come up with a new SBI Life...
11 ULIP Charges You Should Know About
Unit-Linked Insurance plan (ULIP) offers dual benefits of insurance and investment. Unlike traditional insurance...
Everything You Need to Know about LIC Market Plus Plan
Life Insurance Corporation, one of the largest insurance providers in India, offers a variety of plan to meet the...
Download the Policybazaar app
to manage all your insurance needs.