Single Payment Endowment

Single Payment Endowment

"In case you are not there to hold him make sure you leave a safety net for him"

Benefits:

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?

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)