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
micro insurance
LIC's Micro Bachat
Plan 751UIN 512N329V03
A micro-insurance product currently listed on LIC's official index.
At a glance
Key highlights
Plan type
Micro Insurance
Plan number
751
Who should consider this plan?
family protection, long term savings
Eligibility and policy information
| minimum Entry Age | 18 years (completed) |
|---|---|
| maximum Entry Age | 55 years (nearer |
| maximum Maturity Age | 70 years (nearer |
| policy Term | 10 to 15 years |
| minimum Sum Assured | Rs. 100,000 |
| maximum Sum Assured | per life* : Rs. 200,000 |
| Premium modes | Yearly, Half-Yearly, Quarterly, Monthly |
| Loan available | Yes |
| Surrender available | No |
Benefits and riders
Death benefit
On death of the Life Assured during the policy term provided all due premiums have been paid: On death during first five years: “Sum Assured on Death” shall be payable. On death after completion of five policy years but before the date of maturity: “Sum Assured on Death” and Loyalty Addition, if any, shall be payable. Where “Sum Assured on Death” is defined as the higher of: - 7 times of annualised premium or - Basic Sum Assured. The death benefit shall not be less than 105% of total premiums paid as on date of death.Premiums referred above shall not include any taxes, extra premium and rider premium, if any. “Annualized Premium” shall be the premium payable in a year chosen by the policyholder, excluding the 4 taxes, rider premiums, underwriting extra premiums and loading for modal premiums, if any. “Total Premiums paid” means the total
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 Loyalty Addition, if any, shall be payable. Where “Sum Assured on Maturity” is equal to Basic Sum Assured.
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
Personal assistance
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