- LIC’s Single Payment Endowment plan is a combination of Protection, Savings and Life Cover
- This plan offers the guaranteed risk cover of 125% of Sum Assured from Day 1 which increases every year as LIC declared the yearly bonus
- You will get the Sum Assured along with Yearly bonus and final bonus on Maturity
- This plan has an option of choosing the Accidental Life cover & Disability Benefit
- This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
- In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
- LIC offer the discount in premium in case of high Sum Assured
- The loan is also available to the policyholder after the completion of 1 year of the policy
Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years
How Does This Policy Work
Sample illustration
Eligibility Criteria
|
Min. |
Max. |
| Age |
90 Days
(Completed) |
65 Years
(Near Birthday) |
| Policy Term |
10 Years |
25 Years |
| Premium Payment Term |
Single |
|
| Basic Sum Assured |
Rs.50,000 |
No Limit |
| Maximum Maturity Age |
18 Years Completed |
75 Years (Near Birthday) |
| Rider |
LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER |
| Rider |
LIC's NEW TERM ASSURANCE RIDER (TR) |
