New Endowment Plan No 814 12

LIC Launches New Endowment Plan  (Table No 814). As per the IRDA, LIC revised all the popular plans accordingly to the new rule.

Maturity Benefit – Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any.

Death Benefit – ‘Sum  Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.

The death benefit  as defined above shall not be less than 105% of total premiums* paid as on the date of death.

What is Sum Assured on Death?

Sum  Assured on Death shall be Higher of ~ Basic Sum Assured (BSA)

OR 10 times Annualised Premium.(10 x AP).

[*The premiums mentioned in death benefit are excluding taxes, extra premiums and premiums for riders, if any]

Eligibility Conditions and Restrictions

  • Age at entry – 8 to 55 years
  • Age at Maturity – Maximum 75 Years
  • Policy Term – 12 to 35 years
  • Premium mode – Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
  • Basic Sum Assured – 100000 and above

Loan – Available after payment of 3 full years premiums.

The maximum amount of loan that can be granted as a percentage of Surrender Value shall  depend on the Policy Term.

Foreclosure action shall not be taken under fully paid-up and inforce  policies even if there is default of loan interest.

Guaranteed Surrender Value (GSV) – Available after payment of 3 full years premiums.

GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders,if opted for.

Examples of GSV factors applicable for total  premiums paid

Policy Year ~ GSV factor

3   =   30%

5   =   50%

t -1  =   80% (t=Policy Term)

GSV factor applicable to vested bonus,if any. Examples of Vested bonus factors –

Surrender Value shall be  the discounted  value of the Paid-up Sum Assured and vested simple reversionary bonuses.

Year of SV Policy Term Factor

3                  12                  18.60%

19                 25                  20.85%

29                 30                  30%

( In multiples of 5000)

Special Surrender Value (SSV) – The discount factors shall be surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.

Surrender Value payable – The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

LIC’s  New Endowment Plan – Changes over  Table No.14

  1. Sum Assured on Death’ has been defined separately
  2. Age at entry has been reduced.
  3. Percentage of Loan payable as a percentage of Surrender Value shall depend upon policy term.
  4. GSV percentage shall also depend on policy term and year of Surrender
  5. Rebates for high SA and premium mode modified.

Compare old Endowment Plan (Table No 14) to new Endowment Plan (Table No 814)

12 thoughts on “New Endowment Plan No 814

  1. Reply Nitesh Oct 31,2014 5:35 AM


    Want to know more about new 814 Plan,

    • Reply NAVIN KUMAR DAS Nov 26,2014 12:29 PM

      Lic ka New Endowment Plan No 814 liya hai premiam 17171.00 ropiya haf yarli hai
      15 Sal ke lia hai tho 15 Sal me kitana mele ga

  2. Reply sanjay Feb 17,2015 3:32 PM

    Hi Navin
    Apko 8 lakh approximately milega

  3. Reply Shahnawaz Feb 27,2015 12:49 PM

    Yearly premium of 48000/- for 16 years. What could be the returns after maturity

  4. Reply Shahnawaz Feb 27,2015 12:50 PM

    Yearly premium of 48000/- for 16 years for LIC policy 814. What could be the returns after maturity

    Your comment is awaiting moderation.

  5. Reply ankit Mar 2,2015 3:41 PM


    lic ka New Endowment Plan No 814 liya hai premiam 28146.00 ropiya haf yarli hai
    35 Sal ke lia hai tho 35 Sal me kitana mele ga

  6. Reply suraj inde Apr 1,2015 8:58 AM

    maine lic ka 814 plan liya hai 25000 rs yearly to after 20 years how much taking

  7. Reply Shakti Jun 16,2015 5:39 AM

    I am 26 years old and have bought LIC’s new endowment plan (Rs. 13200 yearly for 16 years.) How much in total am I suppose to receive at the time of maturity?



    • Reply Arun Aug 3,2015 7:11 PM

      Hi Shakthi,

      You will get SUM ASSURED+ SIMPLE REVERSIONARY BONUSES+FINAL BONUSES. For your premium of Rs 13200 you would have got SUM assured as 200000. As of the 2013-14 bonus declaration, the bonus for your plan is Rs 42 per 1000 Sum assured. practically speaking you will get a guranteed amount of Rs 200000 plus a non guranteed amount that may amount from Rs 120000 to 175000(depending on LIC profitability in future). so your return may vary from 320000 to 375000. FOr more information pls visit LIC NEW ENDOWMENT PLAN

      Waytoinsurance Team

  8. Reply Anil Aug 31,2015 7:48 AM

    Quarterly premium of 21187/- for 18 years. What could be the returns after maturity

  9. Reply sachin Sep 2,2015 8:36 AM

    if my monthly premium is Rs 5000/-. What will be my returns after 66 yrs. Now I am 46 yrs.Means 20 years I will continue @5000/- per month.
    Please reply

  10. Reply vikram Apr 22,2016 3:35 PM

    policy plan 814
    age 26
    term 15
    sa 100000

    can you please tell in detail with these information how it works give example


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