LIC Endowment Assurance

Recommendations :No

Name of the policy :
LIC Endowment Assurance

A brief desciption :

LIC Endowment Assurance Policy is an endowment policy with high bonus and liquidity facility incorporated. The Sum Assured along with accrued Bonus is payable on the Policy Maturity or on earlier death. It is more like a fixed deposit with a small life insurance cover built in it. Not a bad idea, you might say. But given the charges hidden in this policy, it's not worthwhile investing in it at all.

Started date :1/9/1956
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :Min-50,000 Max- No Limit
Returns expected :Less than Fixed Deposit
Entry age :12- 65 years
Mortality Charges :
surrender changes :

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