Single Premium Endowment Plan (T-817)

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:

      Minimum Age to Apply                 90 Days (Completed)
      Maximum Age to Apply             65 Years (Nearest Birthday)
                 Policy Term                        10 to 25 Years
       Premium Paying Term               Single Premium Plan
     Maximum Maturity Age                             75 Years
          Basic Sum Assured                   ₹ 50,000 & Above
                      Loan                         After 1 Year

 

LIC Single Premium Endowment Plan

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