New Participating Endowment – Plan No. 256



The simplest yet popular plan of LIC Intl- which offers you the benefits of investment, life cover, liquidity and convenience.




The life Assured receives the Sum Assured along with accrued bonus on the maturity of the Policy. In the event of unfortunate death before maturity, Sum Assured with accrued bonus is paid to the Beneficiary.

Accident Benefit

The Policyholder has an option to choose Accident Benefit Rider during the term of the Policy or up to the age of 70, whichever is earlier. In the event of unfortunate death due to accident when the Policy is in force, an additional amount equal to Accident Benefit Sum Assured is paid along with the claim. (This Rider is available for a maximum Sum Assured of US $ 100,000 for an individual, inclusive of all the policies, held by him).





Attribute Minimum limit Maximum limit
Sum Assured US $ 4000 (thereafter in multiples of US $100) No limit, subject to financial underwriting limits as per Company’s rules
Age Entry 8 years (Last Birthday) 65 years (Nearer Birthday)
Age at Maturity 18 Completed 75 years
Term 10 years 35 years
Premium Paying Term Full Term, Limited Term (For 5 years and 7 years)
Mode of Premium Payment Yearly, Half Yearly, Quarterly or  Monthly



Premium Payment

Choice of flexible premium payments, either throughout the term of the Policy (Full Term Option) or for a limited term of 5 years and 7 years is available.


The premium can be paid in Yearly, Half Yearly, Quarterly or Monthly modes to suit your convenience of premium payment.

Grace Period

A grace period of one calendar month but not less than 30 days shall be allowed for payment of yearly or half-yearly or quarterly premium and 15 days for monthly premium.

Paid Up value

If premium have been paid for a period of 2 years or more and thereafter due to unforeseen circumstances, payment cannot be made, Policy will automatically be converted into a paid-up Policy for a reduced Sum Assured, payable on the date of maturity or in event of unfortunate death, if earlier.


Surrender Options

Policy will acquire a Surrender Value after two full Policy year’s premiums have been paid.


Policy Loan

Policyholder can obtain a loan on the security of the Policy after the policy has acquired Surrender Value after payment of premium for at least for 2 years from the Date of Commencement.





Premium Sealing

One can pay premium in advance up to a period of 5 years in lump sum at a discounted rate. Unutilized portion of lump sum amount, if any, is refundable.