Get Lic Endowment Plus

This is a unit linked Endowment plan which offers investment cum insurance cover during the term of the policy. You can choose the level of insurance cover within the limits, which will depend on the mode and level of premium you agree to pay.

However, if you want to cancel your policy or ULIP before it matures, you need to complete the process outlined below: Step 1: Go to the nearest branch of LIC or visit the insurer's official website. Step 2: Download or take a printout of the 'Surrender Discharge Voucher' (LIC Form No. 5074) at the LIC office.

Form 5074 is the surrender discharge voucher. Fill the form 5074 and submit it with the relevant documents. Or else, courier the filled form along with relevant documents to the LIC's head office. The process will begin.

LIC Form Number 360 is to be filled by the parents of the maximum child. LIC takes the decision to issue an Life Insurance Policy on the basis of the information given in Form No. 360. Therefore, it is your great responsibility as the proposer to answer all the questions asked in Form No.

The death benefit provided by this policy will never be less than 105% of the premiums paid. If premiums are paid every year via the annual mode then the policy provides a discount of 2% on the premiums paid.

The minimum age for purchasing LIC new Endowment Plus Plan is 90 days while the maximum entry age is 50 years. The minimum maturity age is 18 years and the maximum age limit for the maturity of the policy is 60 years.

When you are going to sell a Life Insurance Policy on a life whose age is less than 18 years. Then LIC Form Number 360 is filled to propose on such life. A life under the age of 18 does not have its own income and as per the rules of the Government of India, such life is not considered an adult.

When applying for insurance, a proposer has to fill out the proposal form of the life insurance company. The Insurance Proposal is an important document which provides the details of the proposer and the life assured and which is used as a basis to ascertain the insurability of an individual.