SINGLE PREMIUM ENDOWMENT PLAN
Lic’s Single premium endowment plan is saving and protection plan as it is a participating non-linked plan. this plan provides you the financial support during the policy term before death as well as after death.
min basic sum assured: Rs 50,000
max basic sum assured: No limit
min policy time: 10 years
max policy time: 25 years
min entry age: 90 days
max entry age: 65 years
max age at maturity for life assured: 75 years
premium payment mode: single premium
LIC’S SINGLE PREMIUM ENDOWMENT PLAN BENEFIT
1 Survival Benefit: Basic Sum Assured + Vested Bonus +FAB if any
2 Death Benefit: Sum Assured + Vested Bonus + FAB if any
3 before the commencement of risk: the return of single premium excluding taxes and extra premium.
4 Surrendered Value Benefit: the Policyholder can surrender his policy at any time during his policy term realization of the premium cheque.
4 Loan Benefit: After payment of premium for one full year then you can use loan facility.
5 Income Tax Benefit: Tax Rebate is available when you pay the premium under this plan section is 80c of 10% of sum assured.