LIC’s single premium endowment plan, all necessary details you need in a single slideshare. Get it now.

1. LIC'S SINGLE PREMIUM
ENDOWMENT PLAN

2. LIC's Single premium endowment
plan
LIC's Single Premium Endowment Plan is a participating non-linked
savings cum protection plan.
Premium is paid in a lump sum amount at the outset of the policy in this
plan.
This plan provides financial protection against death during the policy term
with the provision of payment of lump-sum at the end of the selected policy
term in case of his/her survival.
This Single premium endowment plan also takes care of liquidity needs
through its loan facility.

3. Eligibility Conditions
Entry age Minimum: 90 days (completed)
Maximum: 65 years (nearest
birthday)
Maturity age Minimum: 18 years (completed)
Maximum: 75 years (nearest
birthday)
Policy term Minimum: 10 years
Maximum: 25 years
Sum Assured Minimum: Rs.50,000
Maximum: No limit.
(SumAssured shall be in multiples of Rs. 5000/-)
Premium payment mode Single Premium only

4. Benefits
Benefits
– Death benefit
– Maturity Benefit
Maturity
Benefit
Death
benefit

5. On death during the policy term before the date of
commencement of risk: Return of single premium excluding
service tax and extra premium, if any, without interest.
On death during the policy term after the date of
commencement of risk: Sum Assured along with vested
Simple Reversionary Bonuses and Final Additional Bonus, if
any.
Death benefit

6. Maturity Benefit
Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional
Bonus, if any, shall be payable.
Participation in profits: The policy shall participate in profits of the Corporation and
shall be entitled to receive Simple Reversionary Bonuses declared as per the
experience of the Corporation.
Final (Additional) Bonus may also be declared under the policy in the year when the
policy results into a claim either by death or maturity on such terms and conditions
as may be declared by the Corporation from time to time.

7. Need help?
• For information like Sample premium
rates, loan, surrender value and taxes
etc please contact us at-
www.thepolicykart.com

8. THANK YOU. . .