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.