LIC New Endowment Plus Plan 835 Calculator
Plan UIN: 512L301V01
Plan Type: Unit Linked Insurance Plan (ULIP)
Plan Information
Launch Date: August 17, 2015
Withdrawal Date: February 1, 2020
Basic Sum Assured: 10 times Annual Premium
Policy Term: 10 to 20 years
Entry Age: 90 days to 50 years
Maturity Age: 18 to 60 years (next birthday)
Calculate Your Benefits
Your Policy Benefits
Premium Allocation Charges
| Year | Allocation Charge | Allocated Premium |
|---|
- Minimum Premium: Yearly - ₹20,000 | Half-Yearly - ₹13,000 | Quarterly - ₹8,000 | Monthly - ₹3,000
- Premium Allocation Charges: Year 1 - 7.50% | Years 2-5 - 5.00% | Year 6+ - 3.00%
- Fund Management Charge: Up to 0.70% per annum (already included in NAV)
- Surrender allowed only after 5 years of policy completion
- This plan was withdrawn from sale on February 1, 2020
LIC New Endowment Plus Plan 835 was launched by LIC of India on 19 August 2015 and was officially withdrawn on 1 February 2020.
LIC New Endowment Plus Plan 835 Overview
LIC New Endowment Plus Plan 835 was a unique Unit Linked Insurance Plan (ULIP) combining the benefits of life insurance with investment opportunities. As a ULIP, it allowed policyholders to invest in different funds as per their risk appetite, while also providing life cover.
This plan catered to individuals looking for long-term savings, life protection, and flexibility in investment choice, all bundled together.
Launch and Withdraw Dates
- Launch Date: 19 August 2015
- Withdraw Date: 1 February 2020
The plan was available for new policy applications during this period only.
Key Features of LIC New Endowment Plus Plan 835
This plan combined insurance and investment, designed to offer the dual advantage of protection and wealth accumulation over time.
- Unit Linked Assurance: The deposited premium is split between providing insurance cover and investment in selected funds.
- Variety of Funds: Four different fund options allowed policyholders to choose the level of risk and expected returns:
- Bond Fund (Low risk)
- Secured Fund (Lower to Medium risk)
- Balanced Fund (Medium risk)
- Growth Fund (High risk)
- Investment in:
- Government securities, corporate debt, short-term money market instruments, and listed equity shares according to the fund selected.
- Flexibility: Policyholders could switch between fund types during the policy tenure depending on changing financial goals.
Eligibility Criteria
The plan was designed to be inclusive, allowing entry for a wide age range and offering flexible terms:
- Minimum age at entry: 90 days
- Maximum age at entry: 50 years
- Minimum policy term: 10 years
- Maximum policy term: 20 years
- Minimum annual premium: ₹20,000
- Payment modes: Yearly, Half-Yearly, Quarterly, Monthly (ECS mode only)
- Maximum maturity age: 60 years
Premium and Charges
The premium paid towards LIC New Endowment Plus Plan 835 was subject to multiple charges which were clearly specified:
- Premium Allocation Charges: Deducted from the premium before units are allocated.
- Mortality Charges: Dependent on age and sum assured; deducted monthly.
- Policy Administration Charge: Regular monthly charge.
- Accident Benefit Charge: If the accident benefit rider is chosen.
- Fund Management Charge: Percent of fund value, deducted before NAV calculation.
- Surrender/Discontinuation Charge: Applicable only in case of discontinuation or surrender before 5 years.
Service tax as per prevailing law was applicable on all charges.
Fund Options Explained
The plan enabled investment in one of four funds, each with its own risk and return profile:
| Fund Type | Govt./Corporate Debt | Money Market Instruments | Equity Shares | Risk Level |
|---|---|---|---|---|
| Bond Fund | ≥ 60% | ≤ 40% | Nil | Low risk |
| Secured Fund | ≥ 45% | ≤ 40% | 15-55% | Lower to Medium risk |
| Balanced Fund | ≥ 30% | ≤ 40% | 30-70% | Medium risk |
| Growth Fund | ≥ 20% | ≤ 40% | 40-80% | High risk |
The chosen fund greatly influenced the returns and the corpus at maturity.
Returns and Maturity BenefitsOn maturity, the plan paid an amount equal to the Fund Value to the policyholder. The Fund Value depends on the performance of the selected fund and the units accumulated over the policy term.
Benefit is based on actual market performance.
- NAV is declared regularly and affects the value of units.
- No bid/offer spread: Same NAV is used for both unit allocation and redemption.
Death Benefit
If the policyholder dies during the policy term, the nominee gets the higher of:
- Fund Value
- Basic Sum Assured (10 times annualised premium)
This ensures financial protection for the family even if fund performance has not been optimal.
Partial Withdrawals and Surrender Benefits
- Partial withdrawals permitted after completion of 5 policy years (subject to policy conditions).
- Surrender before 5 years results in charges and holding of fund value till completion of five years.
Switching and Premium Redirection
One of the biggest benefits was the ability to switch between fund options and redirect premiums:
- Four free switches between funds per year were allowed; charges applied on additional switches.
- Premium redirection enabled allocation to different funds for future payments.
LIC New Endowment Plus Plan 835 Calculator
LIC offered a simple online calculator for this plan that allowed users to:
- Input premium amount, mode of payment, age, and policy term.
- Choose fund type based on risk appetite.
- View projected fund value, charges, and likely maturity benefits at assumed rates of returns (e.g., 6% and 10% per annum).
How Does the Calculator Work?
- Calculates sum assured automatically (10 times annualised premium).
- Estimates fund value based on chosen fund and investment horizon.
- Displays deduction of charges month-wise.
- Projects maturity amount based on different rates of fund growth for broad planning.
Fund Performance Example
LIC regularly updates Net Asset Value (NAV) for each fund. As per recent performance metrics for the Balanced Fund, NAV on 23 October 2025 was approximately 28.57. This indicates growth for long-term investors, depending on fund selection.
Advantages of LIC New Endowment Plus 835
- Combines savings with insurance protection.
- Flexible investment choices with four distinct risk-return options.
- Guaranteed life insurance for the policy term.
- Partial withdrawals after 5 years provide liquidity.
- Tax benefits on premiums under Section 80C.
- Switching and redirection features for dynamic investment.
- Simple online calculators to forecast policy returns.
Major Drawbacks
- Market-linked: Returns are not guaranteed and depend on fund performance.
- Multiple charges (allocation, mortality, fund management) reduce effective returns.
- ULIP plans can be complex for first-time users.
- Withdrawn plans not open for new subscription after 2020.
Comparison: ULIP vs Traditional Endowment
| Aspect | LIC Endowment Plus 835 (ULIP) | Traditional Endowment Plans |
|---|---|---|
| Investment choice | Four funds (market-linked) | Fixed returns (guaranteed) |
| Returns | Variable, based on NAV | Steady, as per declared bonus |
| Charges | Multiple fund-related charges | Premium charges only |
| Flexibility | Fund switching, partial withdrawals | Limited flexibility |
| Death benefit | Higher of Fund Value or Sum Assured | Sum Assured + bonuses |
| Risk | Investment risk borne by policyholder | Minimal risk |
FAQs About LIC New Endowment Plus Plan 835
What is LIC New Endowment Plus Plan 835?
LIC New Endowment Plus Plan 835 is a Unit Linked Insurance Plan (ULIP) by LIC of India that combines life insurance protection and investment in various funds, allowing policyholders to grow wealth while staying insured during the policy term.
When was this plan launched and withdrawn?
The plan was launched on 19 August 2015 and was withdrawn from new sales on 1 February 2020.
What is the minimum and maximum age to join this plan?
You can join this plan from 90 days old (minimum entry age) up to a maximum of 50 years.
How does the maturity benefit work?
At the end of the policy term, you receive the full Fund Value, which is the value of the units accumulated in your chosen fund, based on current market performance.
What are the different fund options available?
There are four fund choices: Bond, Secured, Balanced, and Growth Fund. Each fund has a different risk and expected return profile, from low to high risk.
Conclusion
LIC New Endowment Plus Plan 835 was a popular ULIP combining insurance and market-linked investment. Its clear structure helped users benefit from both protection and growth, though it required careful planning and understanding of charges and market risks.
While the policy is not available for new purchase, existing holders and researchers can use calculators and official sources to track performance and forecast maturity benefits.