LIC New Endowment Plan (Plan No. 714)
Classic LIC savings plan – life cover plus maturity amount with bonuses.
LIC’s New Endowment Plan (Plan 714) is a straightforward participating plan: the family is covered during the term and you receive the sum assured with bonuses on maturity. It is a good first policy for young earners who want disciplined savings with LIC’s trust.
| Plan name | LIC New Endowment Plan |
|---|---|
| Plan number | 714 |
| UIN | 512N277V03 |
| Category | Endowment & Savings Plans |
How LIC New Endowment Plan works
- Choose sum assured and policy term; pay premiums regularly.
- On death during the term, the nominee receives the death benefit with vested bonuses.
- On maturity, you receive the basic sum assured plus bonuses.
Who should buy this plan?
- First-time policy buyers
- Young salaried people starting savings
- Anyone who wants a simple, traditional plan
Important points before you buy
- Bonuses are declared yearly and are not guaranteed.
- Riders can be attached.
- Loan available after surrender value is acquired.
Why buy LIC New Endowment Plan through Vedpal Singh?
- 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
- Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
- Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
- Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.
Frequently asked questions
Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.
Related LIC plans
LIC New Jeevan Anand
Endowment plan with bonuses – and your life cover continues for whole life even after maturity.
LIC Jeevan Labh
Limited premium endowment – pay for fewer years, stay covered and get maturity with bonuses.
LIC Jeevan Lakshya
Goal protection plan – if the parent is not there, the family gets yearly income and the goal amount still comes on maturity.
Get LIC New Endowment Plan Quote
Apni details bhejiye – Vedpal Singh aapko call karke sahi plan batayenge.