LIC New Endowment (Plan 714 / 914) Calculator & Maturity Estimator
Participating Non-Linked Endowment Assurance. Calculate premiums across flexible 12 to 35-year terms, annual bonus accruals, and tax-free lump sum maturity.
Policy Parameters
Live ReactiveLIC New Endowment Premium & Maturity Examples
To help you compare real-world policy outcomes, below are three representative calculation examples for LIC New Endowment (Plan 914 / 714) across different entry ages, policy tenures, and sum assured brackets.
Starter Saver (Age 25)
* Flexible traditional savings with full financial risk cover throughout 20-year term.
Family Security (Age 30)
* ₹10 Lakh Basic SA accumulates ₹7.8L simple bonus + ₹70k FAB for total ₹18.5L payout.
Retirement Corpus (Age 30)
* 25-year compounding delivers ₹44.50 Lakh tax-free corpus for long-term retirement security.
ℹAll figures are calculated with 0% GST direct pure tabular rates and include standard high sum assured rebates.
ℹSimple Reversionary Bonus rates range from ₹38 to ₹48 per ₹1,000 SA depending on term length.
ℹFinal Additional Bonus (FAB) applies to terms of 15 years and above as declared in official LIC valuation circulars.
📋 Key Eligibility & Parameters (New Endowment 914)
| Parameter | Specification |
|---|---|
| Plan Type | Participating Traditional Endowment Assurance |
| Entry Age | 8 to 55 Years |
| Policy Term & PPT | 12 to 35 Years (Equal Term & PPT) |
| Minimum Basic Sum Assured | ₹1,00,000 (No upper maximum limit) |
| Tax Benefits | Premiums deductible under Sec 80C; Maturity 100% Tax-Free under Sec 10(10D). |
LIC New Endowment (914) FAQs
Answers to common questions regarding LIC policy premium computations, GST slabs, maturity formulas, and advisor tools.
1What is LIC New Endowment Plan 914?
LIC New Endowment Plan 914 is a traditional with-profits endowment assurance policy that combines financial protection against untimely death with long-term wealth savings payable at policy maturity.
2What is the policy term range for Plan 914?
You can choose any policy term from 12 Years up to 35 Years, provided the maximum maturity age does not exceed 75 years.
3How is maturity calculated for Plan 914?
Maturity Benefit = Basic Sum Assured + Accrued Simple Reversionary Bonuses (SRB) + Final Additional Bonus (FAB if policy term is 15 years or longer).
4Can I take a loan against LIC Plan 914?
Yes, policy loan is available after completing 2 full years of premium payments, up to 90% of the surrender value for in-force policies.
Official Notice & Disclaimer
LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).
Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.