Lic Single Premium Endowment Plan
- Single Premium Conventional With Profit Endowment Assurance Plan
- Death After commence of Risk : Sum Assured + Simple Reversionary Bonus + Final Additional Bonus
- Maturity Benefit : Sum Assured + Simple Reversionary Bonus + Final Additional Bonus
- Single Premium Conventioal Plans
- Commencement of Risk : For Age 8 yrs and above – Risk will commence Immediately
- For Age Less than 8 yrs – 2 yrs from DOC or 8 yrs of Age Whichever is earlier.
- Loan after one policy year
- Immediate Surrender
- Nomination / Assignment Available
- Taxes : Taxes including service tax as per tax laws.
- Back-dating : Within same financial year.
Lic Single Premium Endowment Plan is single premium conventional plan with profit. This plan have Maturity Benefit which is equal to Sum Assured plus Simple Reversionary Bonus plus Final Additional Bonus. In this plan commencement of risk started at the age of 8 yrs and above. Loan is available in this plan. Immediate surrender option is also available. This policy can be assign. Also Nomination is available. Taxes including as per tax laws in this policy. Lic Single Premium Endowment Plan also have the back-dating option. In this policy if Death occur after the commencement of the risk the nominee will get Sum Assured plus Simple Reversionary Bonus plus Final Additional Bonus.