Home > Maturity Calculators > New Endowment Plan (814)

New Endowment Plan (814) Maturity Calculator

New Endowment Plan Maturity Calculator, provides maturity amount and year-wise death claim amounts. It is based on bonuses declared in the past and the final maturity may be different than this calculation. The main objective of this calculator is to make user learn how to calculate benefits associated with this plan. You may click here to know about this plan with the help of an example.

Terms of Service
NEW ENDOWMENT PLAN (814)

On survival, that is completion of policy term (21 years ), Maturity will be as under.

MATURITY DETAILS
Maturity Year2041
Age at Maturity47
Sum Assured (A)600000
Bonus (Approx) (B)614400
Total Maturity (A+B)1214400
DEATH CLAIM DETAILS

In case of death during policy term (Before 21 years), Sum Assured + Bonus acrued till the time of death + Final Additional Bonus (if any) will be paid to nominee as Normal death claim. In case of accidental death (if Accidental Rider is opted for), additional amount equal to Sum Assured along with Normal Death claim will also be paid to nominee. Policy year-wise and Age-wise Normal Life Covers and Accidental Life Covers are illustrated in the following table.

Year Age Normal Life Cover (Approx) Accidental Life Cover (Approx) Return (Approx)
2021 27 626400 1226400 --
2022 28 652800 1252800 --
2023 29 679200 1279200 --
2024 30 705600 1305600 --
2025 31 732000 1332000 --
2026 32 758400 1358400 --
2027 33 784800 1384800 --
2028 34 811200 1411200 --
2029 35 837600 1437600 --
2030 36 864000 1464000 --
2031 37 890400 1490400 --
2032 38 916800 1516800 --
2033 39 943200 1543200 --
2034 40 969600 1569600 --
2035 41 1008000 1608000 --
2036 42 1037400 1637400 --
2037 43 1066800 1666800 --
2038 44 1096200 1696200 --
2039 45 1131600 1731600 --
2040 46 1170000 1770000 --
2041 47 1214400 1814400 --
2041 47 Maturity 1214400

Comments & Reviews (91)

Wrote :

27-06-2020 12:31:44

what is the premium per month?

Wrote :

28-06-2020 14:35:47

Premium depends upon Sum assured, policy term and age, please use following calculator to calculate it yourself.
New Endowment Plan (914) Premium Calculator

Write CommentReply

Wrote :

19-06-2020 09:17:02

Please guide about 814 policy surrender. I had pay 4 years but due to some reasons I need to surrender this policy. So how much percent amount I received from LIC.

Wrote :

23-06-2020 17:00:42

It is suggested to use following calculator to know about surrender value of 814.
https://www.investobite.com/surrender-value-calculator/new-endowment-plan-814.html

Write CommentReply

Wrote :

06-05-2020 03:06:21

For the new endowment plan 814 premium calculator, I am looking at sum assured of 275000 for a term of 35 years. At maturity the receivable amount show as per your calculator is 13,69,500 which includes a bonus of 10,94,500. How is this bonus calculated and with what assumptions?

Wrote :

06-05-2020 22:25:22

Bonus declared each year for per 1000 of sum Assured, for example, Rs. 48 for 1000 sum assured, please click on bonus amount in above calculator result. You may find bonus rates on official website for past year.

Write CommentReply

Wrote :

11-03-2020 17:26:51

The calculation seems to be incorrect. @4.8% bonus/year, the maturity for 35 year plan (5L sum assured, 8 year age) would be 1340000 rather than 2490000. Please recheck.

Wrote :

11-03-2020 23:07:42

For 35 years term, policy will also eligible for Final Addition Bonus(FAB). Please click on approx bonus amount in calculator's result to get it explained.

Wrote :

16-03-2020 15:25:45

As checked with LIC, the FAB you are considering (2300/1000) is not for New Endowment Plan (914).rnI am not arguing but want to inform you about the correct figures. As checked it is around 350 per 1000.

Wrote :

17-03-2020 00:30:18

It is good that you checked from LIC, please stick to that. All we can say is that, FAB is applicable only after 15 policy years. Since 814 was launched in 2014, hence FAB for this plan is yet to be declared, but there is similar plan with table number 14, for which FAB has been declared and attached image follows after this paragraph. please note, FAB is declared for a policy group and attached one is of the group that includes table 14.

Write CommentReply

Wrote :

09-02-2020 19:46:43

Hi Sir, Is this calculator the updated one? Because from feb 1st 2020 policy have been revised right..

Wrote :

11-02-2020 20:30:58

No, it is old calculator, latest one will be available shortly.

Write CommentReply

Wrote :

19-01-2020 07:12:49

I have purchased T No. 814 from 2017 S.A. 500000 for My mother but Nominee is my father. i want change nominee. Can i eligible for nominee?

Wrote :

20-01-2020 23:13:00

Yes, please approach your servicing branch to change nomination.

Wrote :

21-01-2020 09:31:52

Which document are required for nomination change. and nomination change can mother required for nomination change in lic branch. or only signature required.

Wrote :

22-01-2020 19:55:58

Policy holder is required to visit the branch along with original policy document and his address and Photo ID proof.

Write CommentReply

Wrote :

01-12-2019 07:07:35

In maturity calculator , hv you considered FINAL ADDITIONAL BONUS ?

Wrote :

02-12-2019 21:52:41

Yes, FAB is applicable for policies with term 15 years or more.

Write CommentReply

Wrote :

22-09-2019 10:51:44

I have purchased 4 policies of 1 lac SA on 2014 but due to some problem I was fail to continue policies now i wish to revise that policies.. So it is better option.?? My pros view..premium low, no gst Cons...penalty is too high.. So please guide that what will I do..??

Wrote :

22-09-2019 12:26:35

How many premiums have been paid?

Wrote :

22-09-2019 13:44:43

Only one.. . Now revival sanctioned but little but confused to continue or not..??

Wrote :

25-09-2019 01:21:59

There is no surrender value or paid up eligibility as only one premium has been paid, so you can choose either to loose your paid first premium or continue with the policy.

Write CommentReply

Wrote :

30-03-2019 20:48:44

Hi , I have New Endowment Plan (Plan-814) , having SA value of 10 Lacs. for 21 yrs. , commencement year was Sep.2016 , paying premium of 12K on quarterly basis & i am 31 yrs currently , have following queries :-
1. What amount do i get if i survive till my maturity date excluding all taxes & all ( In hand) ?
2. What amount do my nominee get , if death (normal) happen before maturity date excluding all taxes & all ( In hand) ?
3. What amount do my nominee get , if death (accidental) happen before maturity date excluding all taxes & all ( In hand) ?
Kindly answer my queries in simple & in precise manner.
Thanks & Regards..
Anurag Sharma

Wrote :

02-04-2019 13:01:04

If you use above calculator it will answer your all three queries. Please note, death claim (normal or accidental) or maturity will be tax free.

Wrote :

04-04-2019 23:01:07

Dude, you are wasting your money in lic. I think your salary is a minimum 3 lakh plus per annum, so you can easily buy a term plan of ₹50,00,000/- in a maximum ₹7-8k per annum. And rest of money you can invest in mutual funds which would create ₹37,00,000/-. In that way your future (retirement) is safe as well as your family with you term plan.

Wrote :

04-04-2019 23:52:17

Suggested way of planning is good but what about tax obligation on proceeds from mutual funds? You should also take care of diversification of your investments.

Write CommentReply

Wrote :

29-03-2019 10:07:13

Sir I had taken endowment new policy 814, for 15 yrs. just a week before.I want to know how many years i have to pay the premium.

Wrote :

30-03-2019 17:21:19

If it for 15years, then you will have to pay premium for 15 years and after 15 years you will get maturity.

Write CommentReply

Wrote :

19-03-2019 09:00:05

Can someone with a US Green Card open the LIC endowment plan (814)?

Wrote :

20-03-2019 13:59:40

Yes, OCIs are available.

Write CommentReply

Wrote :

03-03-2019 23:05:33

What is the minimum policy term of New Endowment Plan? In example I see 21 Years. Can I reduce it to 10 Years?

Wrote :

06-03-2019 21:30:33

You can choose any term between 12-35 years.

Write CommentReply

Wrote :

02-03-2019 18:03:32

sir, i have purchased 814 policy in 2014 for 16 year. and my s.a was 400000. but i have not paid last 10 qty premium. but i want revival this policy. can i revises this policy?

Wrote :

04-03-2019 17:34:04

Normally, you can revive your policy within 2 years by paying due premium with a nominal penalty. Since it has more than 2 years, please visit your branch for more information.

Write CommentReply

Wrote :

08-02-2019 22:44:00

How the additional bonus will be 6.25 lacs if bonus is 10.75 lacs? LIC never ever give that much Final Additional Bonus.

Wrote :

10-02-2019 14:23:08

What is your sum assured and term?

Write CommentReply

Wrote :

19-01-2019 19:23:39

Hi had purchased policy 11762xxxx with these mentioned benefit 1.free health insurance rs 200000.00 2. LIC Credit card 3. Lic agent code But till date i had not received my LIC bound and any of these benefit .Pl let me know what is the reason of delay

Wrote :

20-01-2019 21:33:30

Please contact your your agent, we are not related to this case.

Write CommentReply

Wrote :

10-12-2018 12:34:44

I have new endowment plan and my policy will be matured in 2033. Every month i am paying premium of Rs 2140 excluding taxes. In 16 years my sum assured is shown to be 390000, but in 16 years i will be paying in total Rs 4,10,880 @ Rs 2140 per month excluding tax. Why Rs 20,880 is shown less. Can any one explain in this regard.

Wrote :

12-12-2018 13:50:45

Please go through following link.
Sum Assured Vs Total Paid Premium

Write CommentReply

Wrote :

17-10-2018 22:16:16

How I can my endowment plan change in paid policy

Wrote :

20-10-2018 09:24:26

If complete premium of first 3 policy years have been paid then policy become eligible for paid automatically if further premiums are not paid.

Write CommentReply

Wrote :

23-08-2018 08:26:15

In case of completion of 5 years can I get my full deposited amount in case of surrender?

Wrote :

23-08-2018 08:51:16

No, please use < a href=https://www.investobite.com/surrender-value-calculator/new-endowment-plan-814.html> this calculator to know aaprox surrender values.

Write CommentReply

Wrote :

16-08-2018 16:13:39

In new endowment plan 814 the maturity amount is exempted from tax or not

Wrote :

18-08-2018 20:19:30

Yes, it will be tax free. Please note that, if annualized premium is 1/10th of death sum assured, then it is tax free under 10(10D), if not, then tax free maturity will be adjusted accordingly. Since 2014, death sum assured has been revised such that it is at least 10 times of annualized premium.

Write CommentReply

Wrote :

29-07-2018 11:44:45

At maturity I don't want the whole amount. I want it divided into monthly payment plan like pension. How much will I get monthly and for what time period

Wrote :

29-07-2018 13:56:38

As per this plan, the maturity will be a single amount, but yes, LIC has maturity settlement option which allow you to take your maturity in installments and you will get interest on this.

Write CommentReply

Wrote :

12-07-2018 16:46:08

I paid one year only some how i cant able to continue. What's procedure to further continue or discontinue

Wrote :

14-07-2018 21:15:29

For any return, policy must continue for 3 years.

Write CommentReply

Wrote :

24-03-2018 10:41:21

Hello, i have done a lic unde plan no 814. The sum assured is 5lakh and term is of 16 years and my yearly premium is 32400 approx. please Calculator and reply how many maturity value will given after 16 lakh . Please help me out.

Wrote :

24-03-2018 23:19:48

Please find your sum assured on policy document and use above calculator.

Write CommentReply

Wrote :

07-03-2018 18:21:01

If I am not wrong, this is not a money back policy right? if it is, when and how much to get as money back if the assured amount is 3 L and maturity in 21 yrs. I am referring to 814 policy.

Wrote :

09-03-2018 20:04:13

Yes, it is not money back plan and entire maturity amount will be available after completion of 21 years.

Write CommentReply

Wrote :

10-01-2018 14:23:19

Hi, Is the Maturity calculator considered Additional Bonus component 0n survival, that is completion of policy term?

Wrote :

10-01-2018 14:30:36

Yes, it takes account of FAB.

Write CommentReply

Wrote :

10-01-2018 13:52:26

HI, Can I buy (814) Plan with sum assured of 3 Lac with one time payment, having said that if I have 3 Lac rupees and I want to by this plan to pay in single premium. Is it possible sir. Please answer me:

Wrote :

10-01-2018 14:32:32

One time payment option is not available. You may buy table 817 which is a single premium plan.

Write CommentReply

Wrote :

23-11-2017 23:46:00

As per plan 814 Bonus for last year was 48 per 1000 If I calculate bonus with same rate for 28 years term and 8lac SA Then It would be 800000*48*28/1000=1075200 But your calculation shows bonus= 17lac aprox

Wrote :

26-11-2017 11:43:33

This plan also provides Final Addition bonus, rest amount is approx Final addition bonus.

Write CommentReply

Wrote :

03-09-2017 15:40:16

This september i bought lic endowment plan 814 for my sister.Her age is now 22 yrs and policy term is for 25 yrs.The sum assured is 2 lakh and yearly premium is around 8000 rupees.What is the maturity amount after end of policy term.My agent said that i will get around 3 lakh 80 thousand in total with bonus but here maturity calculator shows much bigger for the plan aroun 5 lakh 30 thousand.Which is right.plz give me a brief explanation for the plan.Thank you.

Wrote :

03-09-2017 19:56:45

Please read calculator's result, it explains every thing.

Write CommentReply

Wrote :

04-07-2017 13:17:42

I am planning to take LIC - 814. I was told after 16 yrs, Maturity amount would be 23 Lakhs, if i want i can convert to pension plan, where i will be paid 18k per month till death,later 18k will be paid to Nominee and later 23 Lakh will be given children. Could be please confirm, whether the details shared by Agent is true ?

Wrote :

06-07-2017 11:36:11

Hi, we cannot confirm but we surely make you understand about plans. If take 814 it will provide on time maturity on completion of policy term, your can use maturity calculator for approx benefits related to your proposed plan. This plan (814) will not provide pension, you can purchase available pension plan using maturity amount at the the time of maturity. This can be considered as pension planning but 814 itself is not a pension scheme.

Write CommentReply

Wrote :

30-05-2017 22:55:43

I purchase a policy 814 of 600000 which premium is 28560 ,which is paid for 16 years and maturity calculate in 21 years is 1855000 it is true or wrong

Wrote :

30-05-2017 23:02:33

If you have taken policy for 16 years, then maturity will happen on completion of 16 years itself not 21 years. Please check your plan details and use maturity calculator available on this site for approx benefit calculation.

Write CommentReply

Wrote :

30-03-2017 01:00:34

Okay than advice what I need to do . Stop right now or continue policy My agent told lie to sale this policy to me because she my relative .I trusted on her . She told me that total yearly you have to pay 30000 only while it was 60000 . Even I can not pay 60000 per year

Wrote :

30-03-2017 01:11:19

How much did you pay for the first time? Have you calculated benefits of your plan, i guess your policy details are SA-10,00,000, term-20 & your age was 23, but the premium should not be 60K as per above details, please share your sum assured , term and age at the time of purchase.

Write CommentReply

Write Comment & Reviews

Contact to Buy this Plan
    Related Links
    More Links