LIC's Delhi Single Premium Endowment Plan Table 817 Details Benefits Bonus Calculator Review Example
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UlNI 5‘l2N2B3V01 PLAN No. : 817
Wfake your move today
for your winning moves of tomorrow
Eligibility: 90 days to 65 years of age
Minimum Sum Assured - ? 50,000
Policy Term : 10 - 25 years
Loan facility available
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LIFE INSURANCE CORPORATION OF INDIA
insurance is the subiect ma solicitation For more details on risk factors
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LIC's SINGLE PREMIUM ENDOWMENT PLAN (UIN: 512N283V01)
LIC's Single Premium Endowment Plan is a participating non-linked savings cum
protection plan, where premium is paid in lump sum at the outset of the policy.
This combination provides financial protection against death during the policy
term with the provision of payment of lumpsum at the end of the selected policy
term in case of his/ her survival. This plan also takes care of liquidity needs
through its loan facility.
a) 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.
b) On death during the policy term after the date of commencement of risl-: : Sum Assured
along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
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
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.
“Some beneﬁts are guaranteed and some beneﬁts are variable with returns based on the future
performance of the corporation. If your policy oﬂers guaranteed returns then these will be
clearly marked "guaranteed " in the illustration table on this page. If your policy offers variable
returns then the illustrations on this page will show two different rates of assumed future
investment returns. These assumed rates of return are not guaranteed and they are not the upper
or lower limits of what you might get back, as the value of your policy is dependent on a number
of factors including future investment performance. ’”
LIC ’s Single Premium Endowment Plan
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Notes . -
1. This illustration is applicable to a non-smoker malefemale standard / from medical, life
style and occupation point of view) life.
The non-guaranteed beneﬁts fl} and /24/ in above illustration are calculated so that they are
consistent with the Projected Investment Rate of Return assumption of 4% p. a. / Scenario II
and 896 p. a. / Scenario 2} respectively. In other words, in preparing this beneﬁt illustration,
it is assumed that the Projected Investment Rate of Return that LICI will be able to earn
throughout the term of the policy will be 4.06 p. a. or 8.06 p. a., as the case may be. The
Projected Investment Rate of Return is not guaranteed.
The main objective of the illustration is that the client is able to appreciate the features of
the product and the flow of beneﬁts in different circumstances with some level of
SECTION 45 OF II'SI'RA_'CE ACT, 1938:
No policy of life insurance shall after the expiry of two years from the date on which it was effected, be
called in question by an insurer on the ground that a statement made in the proposal for insurance or in
any report of a medical oﬁicer, or referee, or ﬁiend of the insmed, or in any other document leading to
the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a
material matter or suppressed facts which it was material to disclose and that it was ﬁ'auclule. ntly made by
the policyholder and that the policyholder knew at the time of making it that the statement was false or
that it suppressed facts which it was material to disclose.