LIC's New Endowment Assurance is a non-linked, participating individual life insurance plan that offers both life cover and a lump sum benefit at the end of the policy term. This plan ensures financial security for the policyholder's family in case of an untimely death during the policy term, while also providing the opportunity to accumulate savings for future needs. With bonuses added to the sum assured, this plan guarantees a secure financial future for the policyholder and their loved ones.

Life Protection and Maturity Benefits

New Endowment Assurance offers life cover during the policy term and provides a lump sum benefit at maturity. In case of the policyholder's death during the policy term, the nominee receives a lump sum amount, ensuring financial security. The policy also pays maturity benefits at the end of the policy term, along with applicable bonuses to help meet future financial needs

Bonuses and Additions

This plan offers reversionary bonuses and final additional bonuses that enhance the policy’s value at maturity. These bonuses reward long-term commitment and significantly increase the overall payout at the end of the policy term.

Customer Service and Online Support

LIC provides comprehensive online support for New Endowment Assurance policyholders, including premium payment services, policy updates, and customer assistance. LIC’s dedicated customer service ensures that all policy-related inquiries and services are handled efficiently.