Limited Payment Endowment Policy

Limited Payment Endowment Policy

Limited Payment Endowment Plan Summary:
This is an Endowment policy similar to Table No.14. LIC’s Limited Payment Endowment (Table no.48) provides the flexibility of choosing the Premium Paying Term (PPT). If you want to pay the premium only for few years then this is the right endowment plan for you. All other features are quite similar to the Endowment Assurance plan.

The best part of the “Limited Payment Endowment” policy is that even you are paying a premium for a limited-term but Bonus is paid for the entire term. However premium is marginally higher than Endowment with Profit (Table No.14) but in the end, you end up paying fewer premiums.

Key Features:

  • The flexibility of choosing Premium Paying Term.
  • Bonus is paid for the entire term irrespective of PPT.
  • Life Risk covered for the entire term, irrespective of PPT.
  • The maturity amount is paid at the end of the term and not at the end of PPT.
  • Tax Benefit


Natural Death:
Sum Assured + Bonus for a number of years till death + Final Additional Bonus (FAB) if any.

Accidental Death:
Sum Assured + Additional SA for DAB + Bonus for number of years till death + FAB if any (If the accidental benefit is taken)

Maturity Benefit:
Sum Assured + Bonus for entire term + Final Bonus.

Accident And Permanent Disability Benefit:
You can avail of this benefit by paying Rs.1 extra per 1000 sum assured. Accident benefit is a maximum Rs.50 lakh and available only upto a premium paying term.

Tax Benefit:
Tax benefit on your premium u/s 80C
and Maturity/Death Claim u/s 10 (10D)

Loan Facility is available on this policy after 3 years, you can also use it as Housing Loan collateral.

Premium Payment:
You can pay premium Yearly, Half-yearly, Quarterly, Monthly or Single premium.

Eligibility Conditions and Restrictions:
Minimum age: 12 years
Maximum age: 60 years (Regular)
Maximum age for single Premium: 65 years
Maximum age at Maturity: 75 years for all.
Min. Sum Assured: Rs.50,000/-
Max. Sum Assured: No Limit
Min SA for Single Premium Rs.30,000/- (Without DAB)

Also Read  LIC Jeevan Lakshya Endowment Plan

Policy Term:
For Regular: 15, 20, and 25 years
For Single Premium: 5 years to 50 years (In multiple of 5 years)

Premium Paying Term for Regular Premiums:
For 15 years term: 5 and 10 years
For 20 years term: 5, 10 and 15 years
For 25 years term: 5, 10, 15 and 20 years

The above is the product summary giving the key features of the plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.

14 thoughts on “Limited Payment Endowment Policy”

  1. sir, my policy no. 468452637 is of table 048 and term 20/15 . i want to know the surviving maturity amount which includes sum assured(870000.00) and vested bonus… plse give me the numbers..
    secondly i want to know if my address to policy no. 904858857, which is a money back policy is changed to ins airavat, c/o fmo, vizag-14. ples do some thing for removing my sterss…

  2. limited endowment policy a person age 58 he takes 10 yrs plan
    how much teturn om maturity amd natural death the amt. S A is RS. 100000/-

    thanks in adv.

  3. Hello Mr. Vkr. As u said u hav a lic pol.(Tab no. 48), but u did’t mention others detail, like ur age,policy terms and ur proff. No doubt lic has so many gud plans but Still i will suggest u this is also a gud policy. Don’t surrender.

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