LIC’s New Endowment Plan: Invest Rs 2,000 Monthly, Create a Fund of Rs 43 Lakh

Life Insurance Corporation of India (LIC) offers a wide array of life insurance plans that provide long-term investment opportunities and financial coverage for individuals.

These plans offer benefits both during one’s lifetime and after. Today, we introduce you to a key LIC plan that offers substantial returns even with a modest initial investment.

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Exploring LIC’s New Endowment Plan

LIC’s New Endowment Plan (Plan 914) allows individuals to embark on a 35-year-long journey with LIC.

Eligible individuals must be between 8 and 55 years of age, with a minimum sum assured value of Rs 1 lakh.


Crucial Factors to Consider

Achieving substantial returns from any LIC insurance plan depends on three vital factors: age, policy duration, and the investment amount.


When acquiring a policy, it is essential to carefully weigh these aspects.

Example Scenario:

Consider an individual who initiates this plan at the age of 25, opting for a policy term of 35 years and a sum assured of Rs 9 lakh.


In the first year, the monthly premium amounts to Rs 2046, followed by Rs 2002 per month in subsequent years.

Building a Significant Fund


For a sum assured policy of Rs 9 lakh, the individual will pay a total premium of Rs 8,23,052 over 35 years.

Upon maturity, after 35 years, the policyholder will receive Rs 43,87,500.

With a monthly premium commitment of just Rs 2,000 for 35 years, an individual can accumulate a fund exceeding Rs 43 lakh.


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