Endowment Plans

Single Premium Endowment Plan – 817

LIC’s Single Premium Endowment Plan is a participating non-linked savings cum protection
Plan where premium is paid in lump sum at the outset of the policy. increase in
risk cover after every five years during the term of the policy.This combination
provides financial protection against death during the policy term with the provision
of payment of lump sum at the end of the selected policy term in case of his/her
survival.This plan also takes care of liquidity needs through its loan facility.

SPECIAL FEATURES :

               LIC’s SINGLE PREMIUM ENDOWMENT PLAN …………….
…………Because it is SPECIAL

  • S ~ Single Premium – One time investment
  • P ~ Protection – Risk Cover
  • E ~ Excellent for meeting educational needs of young ones
  • C ~ Children from the age of 90 days can be covered
  • I ~ Ideal for investment planning-Wide range of policy term
  • A ~ Attractive – participates in profits.
  • L ~ Liquidity through Loan available after one year
  • Surrender facility available at any time
  • Loan facility available after one policy year
  • Protecting investment & providing life cover together

Maturity Benefit:

  • On completion of policy term, Sum Assured + Bonus + Final Addition Bonus will be paid as maturity.

Death Claim Benefit:

  • On Death After Commencement Of Risk: Sum Assured + Vested Bonus + FAB if any, On Death Before Commencement Of Risk: Return Of Single Premium.

Eligibility Criteria:

Minimum Age to Apply90 Days (Completed)
Maximum Age to Apply65 Years (Nearest Birthday)
Policy Term (Premium Payment Term)10 to 25 Years
Maximum Maturity Age75 Years
Premium Paying ModeSingle Premium Plan
Basic Sum Assured50000 and above
LoanAfter 1 year
SurrenderAt Any Time