New Endowment
Calculator Pro
New Endowment (Plan endowment) is a comprehensive LIC life insurance solution designed to provide both financial protection and wealth growth for policyholders in 2026. Use our LIC Calculator below to get instant premium and maturity estimates for 2026.
New Endowment Tool
Plan No. endowment • 2026 Rates
Key Features of
New Endowment
Flexible Premium Payment: Choose from yearly, half-yearly, or monthly modes.
Death Benefit: Comprehensive life cover for family safety.
Maturity Benefit: Lump sum payout with accrued bonuses.
Loan Facility: Available after 2 years of active policy.
Eligibility Criteria
Why choose New Endowment?
Maturity Benefit
Sum Assured on Maturity + Accrued Bonuses.
Death Benefit
Sum Assured on Death + Bonuses.
Tax Savings
Tax benefits available under Section 80C and 10(10D).
Example Calculation
Let's see how New Endowment works for a 30-year old individual choosing a Sum Assured of ₹5,00,000 for 25 years.
Annual Premium
₹23,450 (Approx)
Total Premium Paid
₹3,75,200
Accrued Bonus
₹5,25,000
Total Maturity
₹10,50,000*
*Values are estimates based on current bonus rates and vary by plan details.
Plan Advantages
- Guaranteed returns in some variants
- High life cover with low premiums
- Tax benefits under 80C and 10(10D)
- Loan facility for emergencies
Things to Consider
- -Long lock-in period for maximum returns
- -Lower liquidity compared to mutual funds
- -Early surrender may lead to losses
- -Returns depend on LIC's yearly performance
Frequently Asked Questions
What is the minimum age for New Endowment?
The minimum age to enter New Endowment is 18 Years.
Can I take a loan against this policy?
Yes, you can take a loan after 2 years of premium payment.
Is the maturity amount tax-free?
Yes, maturity is generally tax-free under Section 10(10D) if premiums are within limits.
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