New Endowment Plus

LIC’s New Endowment Plus Plan (Plan No. 835, jiska updated UIN: 512L301V02 hai), LIC ka ek Unit Linked, Non-Participating, Regular Premium, Individual Life Insurance Plan hai. Yeh traditional endowment plan (jaise ki Plan 914) se bilkul alag hai, kyunki yeh ek ULIP (Unit Linked Insurance Plan) hai.

Is plan ka main feature yeh hai ki yeh aapko Insurance (Suraksha) ke saath-saath Investment (Nivesh) ka bhi mauka deta hai, jismein returns stock market se linked hote hain. Iska matlab hai ki ismein aapka premium market mein invest kiya jaata hai aur return aapke chune hue Fund Performance par depend karta hai.

Plan Ke Key Features (मुख्य विशेषताएँ)

1. ULIP (Unit Linked Insurance Plan):

Yeh plan market se जुड़ा हुआ है. Aap jo premium pay karte hain, usmein se kuch charges (Premium Allocation Charge) cut hone ke baad baaki amount units kharidne mein use hota hai. Units ki value Net Asset Value (NAV) par depend karti hai, aur aapki investment ki final value market performance ke saath upar-neeche hoti hai. Ismein investment risk policyholder ka hota hai.

2. Fund Options (फंड चुनने की सुविधा):

Policyholder ko apni risk appetite ke hisaab se investment ke liye 4 tarah ke funds mein se kisi ek ko choose karne ka option milta hai:

Bond Fund: Low Risk. Zyadatar government/corporate bonds aur money market instruments mein invest karta hai.
Secured Fund: Low to Medium Risk. Debt aur thoda equity ka combination.
Balanced Fund: Medium Risk. Equity aur Debt ka balanced mix.
Growth Fund: High Risk. Mainly equity (stock market) mein invest karta hai.

3. Premium Payment aur Policy Term:

Policy Term: 10 saal se lekar 20 saal tak.
Premium Paying Term: Policy Term ke barabar (Regular Premium).
Premium Modes: Yearly, Half-yearly, Quarterly, aur Monthly (ECS/NACH).

4. Switching Facility (फंड बदलने की सुविधा):

Aap apni investment strategy badalte hue ek fund se doosre fund mein units switch kar sakte hain.

Har policy year mein 4 free switches ki suvidha milti hai.
Iske baad har switch par ₹100 ka charge lagta hai.

Eligibility Criteria (पात्रता मापदंड)

Parameter	Minimum	Maximum
Entry Age	90 Din (Completed)	50 Saal (Nearest Birthday)
Maturity Age	18 Saal (Completed)	60 Saal (Nearest Birthday)
Policy Term (PT)	10 Saal	20 Saal
Minimum Annual Premium	₹20,000/-	No Limit (Depend karta hai)
Basic Sum Assured (BSA)	10 times of Annualized Premium	–

Benefits (फायदे)

A. Maturity Benefit (परिपक्वता लाभ)

Agar policyholder poore policy term tak zinda rehta hai, toh maturity par use Fund Value milta hai:

Maturity Benefit = Policyholder’s Unit Fund Value

Is Fund Value ka amount poori tarah se tax-free hota hai (Section 10(10D) ke under, rules ke anusaar).

B. Death Benefit (मृत्यु लाभ)

Agar policyholder ki death policy term ke dauraan ho jaati hai (jabki policy active ho), toh Nominee ko highest of the following milta hai:

Basic Sum Assured (Partial Withdrawal ghata kar, agar koi 2 saal mein kiya gaya ho) OR
Unit Fund Value OR
Total Premiums Paid ka 105% (Partial Withdrawal ghata kar, agar koi 2 saal mein kiya gaya ho)

Agar death Date of Commencement of Risk se pehle hoti hai, toh sirf Unit Fund Value milta hai.

C. Liquidity / Partial Withdrawal (आंशिक निकासी)

ULIP hone ke naate, yeh plan liquidity bhi deta hai.

5 policy years complete hone ke baad units ka partial withdrawal kiya ja sakta hai.
Minor ke case mein, withdrawal sirf 18 saal ki age ke baad hi allowed hai.

D. Charges (शुल्क)

Chunki yeh ek ULIP hai, ismein kai charges lagte hain jo aapki premium amount se kat-kar Unit Fund Value ko affect karte hain:

Premium Allocation Charge: Har premium payment par lagta hai, jiske baad bacha hua amount invest hota hai. Shuru ke saalon mein yeh charge zyada hota hai.
Mortality Charge: Life cover (insurance) ke liye har mahine Unit Fund Value se kata jaata hai. Yeh age ke saath badhta hai.
Policy Administration Charge: Har mahine policy ko maintain karne ke liye lagta hai.
Fund Management Charge (FMC): Funds ko manage karne ke liye har din NAV mein se cut kiya jaata hai (jaise growth fund ka FMC, bond fund se zyada hota hai).
Switching Charge: 4 free switches ke baad har switch par ₹100.

Other Important Points

Rider Benefit: Is plan mein LIC’s Linked Accidental Death Benefit Rider lene ka option available hai, extra premium dekar.
Surrender & Lock-in Period:
- Is plan mein 5 saal ka mandatory Lock-in Period hota hai. Aap 5 saal se pehle policy surrender nahi kar sakte.
- Agar aap 5 saal se pehle premium bharna band kar dete hain, toh aapki policy Discontinued Policy Fund mein chali jaati hai aur 5 saal poore hone ke baad hi fund value nikala ja sakta hai.
Tax Benefits: Premium payment Section 80C ke under deduction ke liye eligible ho sakta hai, aur Death/Maturity proceeds Section 10(10D) ke under tax-free hote hain (Tax laws ke anusaar).