LIC New Endowment Plan (814) Details

New Endowment (Table No: 814) of LIC, is a basic Life Insurance plan which provides adequate life cover during policy’s term and on maturity, this plan provides a healthy amount which can be used to fulfill financial requirements like children's higher education and marriage. This plan may be recommended for everyone because of following reasons.

  • A sound combination of Life insurance and investment.
  • Low premium in comparison other plan in this category.
  • Eligible for bonus and Final Addition bonus declared by LIC.
  • Comparatively Higher Bonus
  • Double Accidental benefit with rider.
  • Tax saving on premium paid.
  • Tax Free maturity amount.
Calculate all Benefits for You

Plan Parameters

Age of Entry 8 to 55 years
Premium Paying Mode Yearly, Half Yearly, Quarterly, Monthly (ECS Only)
Policy Term 12 to 35 Years
Basic Sum Assured 100000 and above ( in multiples of 5000)
Policy Revival within 2 year
Premium Mode Rebate 2% on yearly, 1% on Half Yearly, Nil on Quarterly
Higher Sum Assured Rebate 0% on 0 to 1,95,000 of Sum Assured
2% on 2,00,000 to 4,95,000 of Sum Assured
3% on 5,00,000 and above Sum Assured
Loan After 3 years
Surrender After 3 years of full premium payment [ Surrender Value Calculator]

LIC New Endowment Plan Example

To Illustrate the benefits of New Endowment plan, Lets take an example of a person who is purchasing this Plan with following details.
Sum Assured: Rs. 5,00,000
Policy Term: 21 Years
Policy Purchase Year: 2015
Age: 26 Years
Yearly Premium: Rs. 23717 Calculate
To Calculate benefits with details other than above, go to Maturity Calculator.

Maturity Details

If policy holder survives the policy term ( i.e. 21 years ), Maturity will be as under.


Maturity Year Maturity Age Maturity Amount(approx)
2036 47 1091500

Year-wise Death Claims

If death happens during the policy term ( Before 21 years ), Sum Assured + Bonus + Final Addition Bonus(FAB) will paid to nominee and it is indicated as Normal Life Cover. In case of accidental death, additional amount equal to sum assured is also payable to nominee, the calculation is indicated as Accidental Life Cover.Calculation of year-wise and age-wise death benefit according to accumulated bonus and FAB is illustrated below.

Year Age Normal Life Cover(approx) Accidental Life Cover(approx)
2015 26 524000 1024000
2016 27 548000 1048000
2017 28 572000 1072000
2018 29 596000 1096000
2019 30 620000 1120000
2020 31 644000 1144000
2021 32 668000 1168000
2022 33 692000 1192000
2023 34 716000 1216000
2024 35 740000 1240000
2025 36 764000 1264000
2026 37 788000 1288000
2027 38 812000 1312000
2028 39 836000 1336000
2029 40 875000 1375000
2030 41 901500 1401500
2031 42 930500 1430500
2032 43 959500 1459500
2033 44 1001000 1501000
2034 45 1042500 1542500
2035 46 1091500 1591500

Comments & Reviews (106)

Wrote :

12-06-2022 08:40:54

HOW CAN I KNOW THE STATUS OF MY POLICY PLAN 814/21 AS I PAY THE PREMIUM FOR LAST TWO YEARS.

Wrote :

13-06-2022 16:06:51

You can create policyholder account on official LIC website and keep track of every details there.

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Wrote :

17-04-2022 09:29:48

Hello, Is this possible to convert this plan into pension plan? If it is possible what is the process that has to followed after policy is matured? Thanks.

Wrote :

20-04-2022 18:11:24

As per policy feature, this policy will avail you a lump-sum amount after the completion of policy term. You can buy a pension plan available at that time.

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Wrote :

19-01-2022 16:42:38

MY POLICY IS OVER DUE .BECAUSE OF THIS PANDEMIC I CANT CONTINUE .I STARTED ON 2015 PAID CONTINUOUSLY TILL 2019,I CAN GET LOAN FROM THE 4 YEAR PAYMENT?IF I CANCEL THIS POLICY HOWMUCH I CAN GET?MY PREMIUM AMOUNT IS 12500 QLY.PLEASE REPLY ....THANKYOU

Wrote :

20-01-2022 11:23:45

Hi, Please use surrender value calculator for new endowment plan to calculate surrender value for your plan. You can avail loan up to 90% of the surrender value.

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Wrote :

18-01-2022 13:11:36

Today I get a call from an LIC agent. She offer me to 30k yearly premium policy for 15 yr. And i will get around 10 lac after 15yr. Is it right or he make me fool. Also offering 2 Lakh accidental benefit

Wrote :

20-01-2022 11:34:05

Hi, please use following calculator to understand this plan yourself and in case of any further query please write us back. New Endowment Plan Maturity Calculator

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Wrote :

27-08-2021 14:09:25

After maturity Can LIC New Endowment Plan (814) will be convert into Pension plan ?

Wrote :

03-09-2021 05:14:31

Plan number 814 does not have feature to get converted into pension plan after maturity. This plan provides single lumpsum amount at maturity.

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Wrote :

20-01-2021 17:00:26

What will be natural death benefit for 814 if death occurs after 5 Years of payment done?

Wrote :

20-01-2021 18:42:15

It will be the sum assured + bonus accumulated for 5 years.

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Wrote :

26-03-2020 17:25:12

Hello, How can I check online status of my endowment plan-814? I have started this plan in 2014.

Wrote :

28-03-2020 13:05:36

Hi, You need to register your policy on LIC customer portal, please visit link below to register your policy on official website of LIC
https://ebiz.licindia.in/D2CPM/#Register

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Wrote :

17-02-2020 23:11:58

I want to Jeevan Umang Plan detail please.

Wrote :

21-02-2020 15:04:16

Please follow link below:
Jeevan Umang Plan (845)

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Wrote :

23-08-2019 15:31:09

what is the difference between Bonus and Final Addition Bonus(FAB)?

Wrote :

23-08-2019 15:59:24

Bonus or Simple Revisionary Bonus, is bonus declared for each year during policy years while FAB is one time bonus applicable in the year of maturity or death.
Read more: What is vested bonus is LIC policies?

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Wrote :

21-08-2019 22:31:15

Can I please have detailed benefit chart for New Endowment plan with the basic plan Rs. 74780 and total instalment premiumRs. 75980. Thank you

Wrote :

23-08-2019 16:21:15

What are your age at the time of purchase and Policy term? An approximate chart can be prepared only if, Sum Assured and Policy Term are available.

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Wrote :

11-07-2019 12:28:31

what happens if the policy holder expires before maturity due to unforseen circumstances? will the entitled nominee receive the lic benefits immediately or ony after maturity ?

Wrote :

11-07-2019 13:24:21

In this plan, the nominee gets death claim amount immediately after death, obviously, nominee needs to provide death certificate, original policy documents, bank account details etc. There is not requirement of waiting till maturity.

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Wrote :

06-06-2019 17:21:21

Hi, I had taken this New Endowment Plan -814 on 26/02/2014 (that time my age was 24) and my quarterly paid premium amount is 5030. My policy term is 20 yrs and sum assured is 400000. Currently in customer portal, guaranteed bonus amount is showing as 86000. So here my question is that: 1. When i will the bonus amount? Will it given at the time of maturity i.e. after 20 yrs or will it be credited in between this tenure if so then what is frequency of getting bonus amount credited ? 2. What will be total amount, i will get after 20yrs if i survive till that time.

Wrote :

08-06-2019 12:16:46

1. Bonus will be paid along with maturity amount after completion of 20 years or with death claim in case of death during these 20 years.
2. For approx maturity amount, please follow this Link.

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Wrote :

06-06-2019 15:37:42

Sir, my son Aakash (an IT Engineer, presently posted in Kolkata at M/s.Accenture Solutions) will take a New Endowment Plan (814/20). His monthly premium is approx.6422/-. I am posted in NTPC - Tanda and will get superannuated in January, 2020. My question is that If my son take the Policy from my place (Tanda-LIC), can he transfer his policy to my hometown Kolkata ? Or how many days it require to get the policy transferred from here to Kolkata ? Pls inform soon.

Wrote :

07-06-2019 18:40:05

Yes, policy can be transferred, generally it takes 2-3 working days and you have apply for this transfer request at policy issuing branch (servicing branch).

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Wrote :

13-03-2019 15:18:09

Lic's New Endowment plan 814 policy karane ke bad bada itminan hai.

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Wrote :

19-02-2019 12:59:22

TAKEN THIS PLAN IN DEC 2016 AND 3 INSTALLMENTS PAID. WHETHER IT WILL BE RIGHT,IF I SURRENDER THIS POLICY IN 2019 AFTER COMPLETION OF 4 YRS.

Wrote :

19-02-2019 17:50:10

Your Surrender value will be approximately 40% of total premium paid.

Wrote :

26-02-2019 13:37:58

My Suggestion as a LIC advisor, Pls do not surrender any policy which will lead to loss only, rather than Pls continue the policy to avail full benefit of the same at the end of maturity with additional bonus from LIC.

Wrote :

27-02-2019 02:24:53

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Wrote :

13-02-2019 16:43:57

For any LIC and mediclaim policy requirements or any query related to Finance or Wealth Creation. please feel free to reach me @ 9833505444 Mumbai.

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Wrote :

31-01-2019 11:14:11

sir, if policy holder survives upto maturity, He / she will get approx double of sum assured . but if policy holder died during the tenure then what will be total amount paid to nominee.

Wrote :

31-01-2019 12:04:48

It is not always the case that maturity will be double of sum assured, maturity also depends upon term of the policy. In case death before maturity, nominee of the policyholder will get sum assured + bonus. For example, if death happens after 5 years, then death claim will be sum assured + accumulated bonus of 5 years.

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Wrote :

21-01-2019 16:45:25

I want to know about maturity value paid by Lic is Tax Free or Taxable?

Wrote :

21-01-2019 20:38:52

Yes, it will be tax free.

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Wrote :

17-01-2019 07:00:14

Is there any special REVIVAL provision in table 814 if the lapsation is more than 2 year

Wrote :

17-01-2019 10:17:09

Yes, LIC runs revival campaign in which it allows revival of such policies.

Wrote :

13-02-2019 16:35:39

In New Plan, if the lapsation is more than 2 years, it CAN'T be revived under any circumstances. Be it Special Revival or anything else.

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Wrote :

28-12-2018 18:25:33

sir , purchase 814 plan , age 34 , sumassured 2,00000 I asking you how much pay for this?

Wrote :

30-12-2018 14:21:40

If you are asking for premium amount, please visit following calculator.
Premium Calculator for New Endowment Plan 814

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Wrote :

25-12-2018 19:15:40

For details and Customised Plan Presentation in Kolkata, feel free to call me @ 98365 39038

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Wrote :

21-12-2018 17:05:29

My age is 70, can I take 814 plan for my son, S children.

Wrote :

21-12-2018 23:47:19

Yes, if they are younger than 55 years, then you can take this policy in their name.

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Wrote :

14-12-2018 15:11:37

For any LIC and mediclaim policy requirements please feel free to reach me @ 9830597138. Kolkata and nearby areas.

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Wrote :

20-11-2018 21:07:34

I want to take the plan 814 for Rs1000000as Sa. My age is 42 what Will be the premium?

Wrote :

21-11-2018 12:17:36

What term you are looking for?

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Wrote :

10-11-2018 09:04:26

Hi, last year I have joined in the 814 new endowment plan. later I registered in online ... once I open in my online id , the plan showing 833(jeevan lakshya) instead of 814. why n what is the reason.

Wrote :

14-11-2018 09:38:13

Have you checked it on your policy document? you can contact your branch in case of mismatch.

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Wrote :

22-10-2018 12:46:34

Tell me ...I want to open a lic endowment plan and thinking for 13 years tenure.please help me how much I will pay for half yearly.

Wrote :

23-10-2018 12:16:36

What is your age?

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Wrote :

19-10-2018 11:25:34

Hi team, I have a new endowment plan-814 for a term of 16 years . If i withdraw the funds on maturity after 16 years, will the policy still cover me or it will it lapse?

Wrote :

20-10-2018 11:38:56

It will not provide life cover after maturity.

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Wrote :

12-10-2018 17:26:52

IS THIS A ULIP POLICY

Wrote :

13-10-2018 08:38:38

No, it is not a ULIP plan.

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Wrote :

07-10-2018 14:21:39

I've calculated the total maturity amount for my "LIC New Endowment Policy (Plan 814)" using "Maturity Calculator" and the BONUS is ADDED to "Sum Assured" value but how does this BONUS calculated? Is this just a speculated number evaluated based on previous history (or) the number get changed from time to time and may be high at the end of maturity ? Please clarify ================= Below are the details ================= Maturity Year 2029 Age at Maturity 53 Sum Assured (A) 5000000 Bonus (Approx) (B) 2950000 Total Maturity (A+B) 7950000

Wrote :

07-10-2018 22:38:48

It will be available soon, for time being you can know it as loan amount is 90% of surrender value.

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Wrote :

07-10-2018 13:10:53

Hi Guys, Can I pay advance premiums for LIC Endowment Policy (Plan 814) if yes, how many premium in advance and how are adjusted in future? Please clarify. What are the benefits?

Wrote :

07-10-2018 13:42:13

You can only pay premium only 20days in advance. Like your due date is 30th, then you can pay after 10th of the month.

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