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LIC Single Premium Endowment Plan (Plan no.817)
It’s a Single premium, Non-linked, Conventional with-profits Endowment plan.
In this plan you have to pay a lumpsum money, after the term you will get Sum Assured with bonus.
| Eligibility Conditions & Restrictions | ||
|---|---|---|
| Minimum age | : | 90 days completed |
| Maximum age | : | 65 years |
| Maximum maturity age | : | 75 years |
| Policy Term | : | 10 years to 25 years |
| Minimum Sum Assured | : | Rs.50,000 |
| Maximum Sum Assured | : | No limit |
| Premium payment | : | Single Premium |
| Loan | : | Eligible after 1st year |
| Surrender | : | Eligible at any time |
| On Death | : | Sum Assured + Bonus |
| On Maturity | : | Sum Assured + Bonus |
| Income Tax Benefit | : | 20% of Premium paid are eligible for Tax rebate u/s 80c |
LIC Premium Calculator
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