LIC’s SINGLE PREMIUM ENDOWMENT PLAN
Maturity Benefits: On Completion of the policy term, Non Linked Guaranteed Sum Assured together with Vested Bonuses and Final Additional Bonuses, if any, will be payable.
After Commencement of Risk: Sum Assured plus vested bonus.
Before Commencement of Risk: Refund of Premium excluding Service Tax & Extra Premium, if any.
Plan available for ages: 90 days Completed to 65 Years Nearest Birthday.
Policy Term Available: 10 Years to 25 Years
Minimum Sum Assured: 50000( in multiples of 5000)
Maximum Sum Assured: No Limit
Minimum Maturity Age: 18 Years
Maximum Maturity Age: 75 Years
Commencement of Risk for Minor Lives: Either after 2 Years from Date of Commencement of Policy or attainment of 8 years of age whichever comes earlier.
High Sum Assured Rebate:
1 Lac to 1.95 Lacs – 18/- Per 1000 Sum Assured
2 Lac to 2.95Lacs – 25/- Per 1000 Sum Assured
3 Lacs & Above – 30/- Per 1000 Sum Assured
Loan: After Completion of one year from the date of commencement as per the policy terms.
Guaranteed Surrender Value: 1st Year: 70% of Single Premium excluding Service Tax and Extra Premium, if any.
2nd Year onwards: 90% of Single Premium excluding service tax & extra premium if any.