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|