Purpose
Savings with life cover
Erode district, Tamil Nadu
LIC New Endowment · Plan No. 714
Savings with life cover. Plan 714 · UIN 512N277V03. Official documents checked 17 October 2026.
Eligibility
Entry ages: 8–50; maturity 20–75. Minimum ages use completed years; maximum ages use nearer birthday. Acceptance depends on underwriting and the selected term. Minimum maturity age: 20 completed years. Minimum basic sum assured: ₹2 lakh.
Policy and premium-paying terms
Policy: 12–35 years. Premiums: Throughout the policy term.
Benefits
Death cover during the term; basic sum assured at maturity plus vested bonuses, if any, while in force.
Guarantees
Contractual benefits depend on policy conditions. Future bonus amounts are not guaranteed.
Before stopping premiums
Lapse, reduced paid-up, surrender and loan rules apply. Early exit can return less than premiums paid. Review the current policy wording and exclusions before applying.
Common questions
Before you decide
How can I request help in Tamil?
Use the premium details or callback page. LIC confirms policy acceptance, current terms and service requirements.
Current product details: Official LIC documents. Confirm eligibility and benefits in the official brochure and personalised illustration.
Contact
Talk through your options
R Murugesan offers LIC guidance in Tamil and English for Erode families.
Explore more