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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.
|Minimum Age to Apply||90 Days (Completed)|
|Maximum Age to Apply||65 Years (Nearest Birthday)|
|Policy Term (Premium Payment Term)||10 to 25 Years|
|Maximum Maturity Age||75 Years|
|Premium Paying Mode||Single Premium Plan|
|Basic Sum Assured||50000 and above|
|Loan||After 1 year|
|Surrender||At Any Time|