LIC's New Endowment Plan is a non-linked plan i.e. it is market-linked & low risk policy. it offers a combination of protection and saving both. Due to protection feature this policy provide the good financial support to the family of policyholder in case of casualty of policyholder before maturity of policy. Once policy is mature it provide a good saving to policyholder.
Maturity amount calculation: Let us assume Mr Pankaj bought this policy of some assured of Rs. 1000000 of terms 20 years.
Mr Pankaj will aprox bonus of Rs. 840000 at end of 20 years. Mr Pankaj will get maturity amount of Rs. 840000 + 1000000 + final addition bonus. i.e.
aprox 1840000 + final additional bonus if given.
Use above new endowment plan calculator to calculate your policy maturity amount.