"In case you are not there to hold him make sure you leave a safety net for him"
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
| Eligibility Criteria | Minimum | Maximum |
|---|---|---|
| Age | 90 Days(Completed) | 65 Years(Near Birthday) |
| Policy Term | 10 Years | 25 Years |
| Premium Payment Term | Single | 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 | LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER |
| Rider | LIC's NEW TERM ASSURANCE RIDER (TR) | LIC's NEW TERM ASSURANCE RIDER (TR) |