LIC New Endowment (Plan 714) Calculator
Estimate premium and potential benefits for LIC's New Endowment Plan 714.
CHOOSE A PLAN (1st Year Premiums incl. GST)
Hello Mr./Mrs., this presentation is specially prepared for you, according to your requirements.
Yearly
₹ 0GST (4.5%): ₹ 0
Total: ₹ 0
Half Yearly
₹ 0GST (4.5%): ₹ 0
Total: ₹ 0
Quarterly
₹ 0GST (4.5%): ₹ 0
Total: ₹ 0
Monthly (NACH)
₹ 0GST (4.5%): ₹ 0
Total: ₹ 0
Premium includes Goods and Services Tax (GST). The present GST Rate for First Policy Year is 4.5%, and second year onwards the rate becomes 2.25%.
CALCULATION DETAILS
| Sum Assured: | 0 |
| Age: | 0 |
| Term: | 0 |
| Premium Paying Term: | 0 |
| Death Sum Assured: | 0 |
| AD & DB Sum Assured: | 0 |
| Term Rider Sum Assured: | 0 |
Death Sum Assured is higher of 100% of Basic Sum assured (0) or 7 times of Annualised Premium (0). So Death Sum Assured or Sum Assured on Death in this case will be 0.
MATURITY DETAILS (Approx.)
| Sum Assured | Bonus (approx.) | FAB (approx.) | Total Maturity (approx.) |
|---|---|---|---|
| ₹ 0 | ₹ 0 | ₹ 0 | ₹ 0 |
Maturity value of LIC New Endowment plan 714 is available after completion of Policy Term and maturity will be equal to Basic Sum Assured + Accumulated Simple Reversionary Bonus + Final Additional Bonus (FAB) if any.
Plan Benefits for Nominee/Family After You
| On Death Before Maturity (Guaranteed Sum Assured) | 0 |
| If Accidental Death (DAB Paid - If opted) | 0 |
| As on death bonus paid (Approx.) | 0 |
| As on death FAB paid (Approx.) | 0 |
| Term Rider Benefit (If Opted) | 0 |
| Total Payable to Nominee (Tax Free - Approx.) | 0 |
Benefit shown assumes death during year N/A. Actual bonus depends on year of death.
YEAR-WISE POLICY DETAILS
▼| Year | Age | Paid Premium | Normal Life Cover (Approx.) | Accidental Life Cover (Approx.) |
|---|
Normal Life Cover = Death Sum Assured + Term Rider SA (if opted) + Accumulated Bonus + (FAB) if any.
Accidental Life Cover = Death Sum Assured + Accidental SA (if opted) + Term Rider SA (if opted) + Accumulated Bonus + FAB if any.
Example: If Mr./Mrs.'s death occurs in year 0, total premium paid is 0. Normal & Accidental Life Covers are 0 & 0 respectively (see highlighted row).
Please Note: Bonus & FAB are illustrative, non-guaranteed, and depend on LIC's future performance & declarations.
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