LIC Single Premium Endowment Plan is a onetime payment endowment plan which provides maturity to the client at the end of the term. This plan provides easy liquidity to the policyholder.
LIC Single Premium endowment Plan – USP’s
Let’s check some unique selling points of Single premium endowment plan
Covers wide age group of child aged 90 days to 65 years young guys.
Policy term from 10 years to 25 years is allowed.
Can be gifted to a child from their parents or grandparents.
Surrender of this policy is allowed at any time during the policy term.
Loan can be availed after completion of 1 year.
Maturity Benefit:
- On completion of policy term, Sum Assured + Bonus + Final Addition Bonus will be paid as maturity.
Death Claim Benefit:
- On Death After Commencement Of Risk: Sum Assured + Vested Bonus + FAB if any, On Death Before Commencement Of Risk: Return Of Single Premium.
Eligibility Criteria:
| Minimum Age to Apply | 90 Days (Completed) |
| Maximum Age to Apply | 65 Years (Nearest Birthday) |
| Policy Term | 10 to 25 Years |
| Premium Paying Term | Single Premium Plan |
| Maximum Maturity Age | 75 Years |
| Basic Sum Assured | ₹ 50,000 & Above |
| Loan | After 1 Year |
