Plan No. 917
- 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
How Does This Policy Work
Sample illustration
| 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) | |||
