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