endowment
LIC's New Endowment Plan
Plan 714UIN 512N277V03
A participating individual life insurance savings plan currently listed by LIC.
- Plan type: Endowment
- Plan number: 714
whole life
LIC's Jeevan Umang
Plan 745UIN 512N312V03
A whole-life plan currently listed on LIC's official product index.
At a glance
Key highlights
Plan type
Whole Life
Plan number
745
Who should consider this plan?
family protection, long term savings
Eligibility and policy information
| minimum Entry Age | 30 days (completed) |
|---|---|
| maximum Entry Age | 55 years (nearer birthday) |
| policy Term | (100 – age at entry) years |
| premium Paying Term | 15, 20, 25 and 30 years |
| minimum Sum Assured | Rs. 2,00,000 |
| maximum Sum Assured | No limit |
| Premium modes | Yearly, Half-Yearly, Quarterly, Monthly |
| Loan available | Yes |
| Surrender available | No |
Benefits and riders
Death benefit
in instalments. • Option to enhance coverage by opting for Rider Benefits on payment of additional premium for the rider benefits. • Benefit of attractive High Sum Assured Rebate. • Takes care of liquidity needs through loan facility.
Maturity benefit
On the life assured surviving to the end of the policy term, provided all due premiums have been paid, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses (as mentioned in (d) below) and Final Additional bonus, if any, shall be payable. Where “Sum Assured on Maturity” is equal to Basic Sum Assured. d) Participation in profits: Depending upon the Corporation’s experience with regard to policies issued under this plan, the policy shall participate in following manner. During the premium paying term: Policies shall be eligible to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during the premium paying term, provided the policy is in-force. Once declared, they form part of the guaranteed benefits of the plan on such terms as declared by the Corporation. In case the premiums are not du
Survival benefit
s from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term. This Plan can be purchased Offline through Licensed agents, Corporate agents, Brokers and Insurance Marketing Firms. Key Features: • Whole life insurance with limited premium payment • Annual Survival benefit equal to 8% of Basic Sum Assured from the end of the premium paying term till the Life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier. • Lump sum payment at the time of maturity or on death of the policyholder during the policy term • Flexibility to - Choose the premium payment term. - Option for payment of
Official documents
Product source on the Official LIC Website (opens in a new tab)
Important disclaimer
Please refer to the official LIC brochure and policy document for complete terms, conditions, exclusions and current availability.
Last verified: 2026-08-01
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