Robinson John
(LIC Advisor)  

LIC's Single Premium Endowment Plan (817)

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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.


Income Tax Benefit
Premium paid under this plan is eligible for TAX rebate under section 80c up to 10% of Sum Assured.
On Survival
Basic Sum Assured + Vested Bonus + FAB if any.
On Death
Upon death after commencement of risk Sum Assured + Vested Bonus + FAB if any.
Upon death before commencement of risk Return of Single Premium excluding taxes and Extra Premium.


Policy Term   10 to 25 Years 
Minimum Basic Sum Assured   Rs. 50,000/- 
Maximum Basic Sum Assured   No Limit 
Minimum Policy Term   10 years 
Maximum Policy Term   25 years 
Premium Paying Term   Single Premium 
Minimum Entry Age  90 Days (completed) 
Maximum Entry Age   65 years (nearest birthday) 
Maximum Age at Maturity for Life Assured   75 years 
Mode of Premium Payment   Single Premium 
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Insurance is the subject matter of the solicitation. This website contains only an indication of policy cover described in it. Any information can get changed any time without any prior notice. Please read LIC's official sales brochure carefully before concluding a sale. This is not the official website of L.I.C. of India.
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