Single Premium Endowment Plan (T-817)

LIC Single Premium Endowment Plan is a onetime payment Endowment Plan which provides maturity to the client at the end of the term. This plan provides easy liquidity to the policyholder.

LIC Single Premium Endowment Plan – USP’s

Let’s check some unique selling points of Single Premium Endowment Plan

• Covers wide age group of child aged 90 days to 65 years young guys.
• Policy term from 10 years to 25 years is allowed.
• Can be gifted to a child from their parents or grandparents.
• Surrender of this policy is allowed at any time during the policy term.
• Loan can be availed after completion of 1 year.

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: