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)

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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)

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.

  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.

  4. I have an LIC Endowment policy – Table No. 48, taken 9 years back in Oct. 2004 with yearly premium of Rs. 21301/-, which I am continuing without break. Now I came to know from sources that this is not a good policy. Can I surrender it now? And if I surrender it, will I get any benifit at all? Anybody please advice.

    • sir! i have two single premium policy of ” the endoment assurence policy-limited payment” table no.048 for a period of 15 years on dt.15/11/12 & 14/11/12 and the sum assured is Rs 50000 & Rs 30000 respectively. now i want to surrender the policy…can it possible?

    how many money i can earn if i am invest at a time one lakh for 5 years. when age 44 .plz. send me details soon.

  6. JEEBAN KRISHNA MONDAL February 28, 2012 at 11:53 am

    I want to do a policy for three years.After three years I want return. I will be deposited 60000 (20000 X 3). Which policy would be best for me.

  7. Jagdish Sonawane January 30, 2012 at 5:30 pm

    My date of birth is 8/9/1984 i want to take life insurance policy Rs.200000 /- ( I interested Limited Payment Endowment Policy) please help me to take the policy in which maximum
    Matutry amount +bonas+ intrest pls details.

  8. Anusuya Ashok Kamble September 15, 2011 at 11:26 am

    Policy No.882940672
    Please give me the below details against above policy no.
    Maturity Amt.
    Bonus Amt.
    Final Amt.

  9. if you want lic new policies or any type of help according lic in Ranchi plese contact me in this no 9431362780 SMS me

  10. my date of birth is 06-01-1970. i want to take life insurance policy .please help me to take the policy in which maximum amount received to my nominee on uncertainty.

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