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LIC Endowment Plus Policy - Features, Details

Life Insurance Corporation of India LIC has launched a new policy named Endowment Plus Policy. LIC Endowment Plus is a unit linked pension plan. The policy is LIC's second unit-linked pension plan under the new Insurance Regulation and Development Authority (IRDA) guidelines.

Endowment Plus offers investment-cum-insurance is for people under 7-60 years for a policy term between 10 years and 20 years.

The minimum annual premium is Rs 20,000 and has a risk cover of upto 30 times of annual premium or 1.25 times of single premium.

4 fund options such as Bond Fund, Secured Fund, Balanced Fund Growth Fund are available.

Accident insurance and critical illness rider is also available.

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