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SINGLE PREMIUM ENDOWMENT 
Plan No. 817 
Presented by:- 
Sumeet Pawar 
Insurance Advisor 
Call (+91) 7738546484 
License No: 10149681 
Agency Code: 02187929
Features 
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.
Benefits 
Death Benefit: 
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 risk: Sum Assured 
along with vested Simple Reversionary 
Bonuses and Final Additional Bonus, if any.
Benefits 
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.
Benefit Illustration 
Basic Details- 
Sum Assured: Rs 1,00,000 
Age at Entry: 30 yrs 
Term: 25 yrs 
Single Premium: Rs 46,689 (Rs 45,290 + Rs 1,390) 
Approximate Maturity Returns- 
Interim Bonus: Rs 1,20,000 
Final Bonus: Rs 33,000 
Maturity (SA + IB + FB): Rs 2,53,000
Eligibility Conditions & Other 
Restrictions 
Minimum entry age : 90 days (completed) 
Maximum entry age : 65 years (nearest birthday) 
Maximum maturity age: : 75 years (nearest birthday) 
Minimum policy term : 10 years 
Minimum age at maturity : 18 years (completed) 
Maximum policy term : 25 years 
Minimum Sum Assured : Rs.50,000 
Maximum Sum assured : No limit 
(Sum Assured will be in multiples of Rs.5,000 /- only) 
Premium payment mode : Single Premium only
Date of Commencement of Risk 
In case the age of Life Assured at entry is less 
than 8 years, risk under this plan will commence 
either 2 years from the date of commencement 
or from the policy anniversary coinciding with or 
immediately following the attainment of 8 years 
of age, whichever is earlier. For those aged 8 
years or more, risk will commence immediately.
High Sum Assured Rebate 
Sum Assured (S.A) Rebate (Rs.) 
50,000 to 95,000 Nil 
1,00,000 to 1,95,000 Rs 18 per 1000 on S.A. 
2,00,000 to 2,95,000 Rs 25 per 1000 on S.A. 
3,00,000 and above Rs 30 per 1000 on S.A.
Loan Facility 
Loan can be availed under this plan any time 
after completion of first policy year and subject 
to terms and conditions as the company may 
specify from time to time.
Surrender Value 
Buying a life insurance contract is a long term commitment. 
However, surrender value is available under the plan on earlier 
termination of the contract. 
The Guaranteed Surrender Value allowable shall be as under: 
First year: 70% of the Single premium excluding service tax and 
extra premium, if any 
Thereafter: 90% of the Single premium excluding service tax and 
extra premium, if any. 
In addition, the surrender value of vested simple reversionary 
bonuses, if any, shall also be payable, which is equal to vested 
bonuses multiplied by the surrender value factor applicable to 
vested bonuses. These factors will depend on the policy term 
and policy year in which the policy is surrendered.
Cooling-off Period 
If the policyholder is not satisfied with the “Terms and 
Conditions” of the policy, the policy may be returned to 
the Corporation within 15 days from the date of receipt 
of the policy stating the reason of objections. On 
receipt of the same the Corporation shall cancel the 
policy and return the amount of single premium 
deposited after deducting the proportionate risk 
premium for the period on cover, charges for medical 
examination, special reports, if any, and stamp duty.

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LIC - Single Premium Endowment

  • 1. SINGLE PREMIUM ENDOWMENT Plan No. 817 Presented by:- Sumeet Pawar Insurance Advisor Call (+91) 7738546484 License No: 10149681 Agency Code: 02187929
  • 2. Features 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.
  • 3. Benefits Death Benefit: 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 risk: Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
  • 4. Benefits 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.
  • 5. Benefit Illustration Basic Details- Sum Assured: Rs 1,00,000 Age at Entry: 30 yrs Term: 25 yrs Single Premium: Rs 46,689 (Rs 45,290 + Rs 1,390) Approximate Maturity Returns- Interim Bonus: Rs 1,20,000 Final Bonus: Rs 33,000 Maturity (SA + IB + FB): Rs 2,53,000
  • 6. Eligibility Conditions & Other Restrictions Minimum entry age : 90 days (completed) Maximum entry age : 65 years (nearest birthday) Maximum maturity age: : 75 years (nearest birthday) Minimum policy term : 10 years Minimum age at maturity : 18 years (completed) Maximum policy term : 25 years Minimum Sum Assured : Rs.50,000 Maximum Sum assured : No limit (Sum Assured will be in multiples of Rs.5,000 /- only) Premium payment mode : Single Premium only
  • 7. Date of Commencement of Risk In case the age of Life Assured at entry is less than 8 years, risk under this plan will commence either 2 years from the date of commencement or from the policy anniversary coinciding with or immediately following the attainment of 8 years of age, whichever is earlier. For those aged 8 years or more, risk will commence immediately.
  • 8. High Sum Assured Rebate Sum Assured (S.A) Rebate (Rs.) 50,000 to 95,000 Nil 1,00,000 to 1,95,000 Rs 18 per 1000 on S.A. 2,00,000 to 2,95,000 Rs 25 per 1000 on S.A. 3,00,000 and above Rs 30 per 1000 on S.A.
  • 9. Loan Facility Loan can be availed under this plan any time after completion of first policy year and subject to terms and conditions as the company may specify from time to time.
  • 10. Surrender Value Buying a life insurance contract is a long term commitment. However, surrender value is available under the plan on earlier termination of the contract. The Guaranteed Surrender Value allowable shall be as under: First year: 70% of the Single premium excluding service tax and extra premium, if any Thereafter: 90% of the Single premium excluding service tax and extra premium, if any. In addition, the surrender value of vested simple reversionary bonuses, if any, shall also be payable, which is equal to vested bonuses multiplied by the surrender value factor applicable to vested bonuses. These factors will depend on the policy term and policy year in which the policy is surrendered.
  • 11. Cooling-off Period If the policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to the Corporation within 15 days from the date of receipt of the policy stating the reason of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of single premium deposited after deducting the proportionate risk premium for the period on cover, charges for medical examination, special reports, if any, and stamp duty.