LIC Single Premium Endowment Plan

One-time premium endowment plan combining protection with assured savings.

About this plan

() (A Par, Non-Linked, Life, Individual,Savings Plan) LIC’s Single Premium Endowment Plan is a par, non-linked, life, individual, savings plan which offers an attractive combination of savings and protection features.This combination provides financial protection against death during the policy term with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This Plan can be purchased Offline through Licensed agents, Corporate agents, Brokers and Insurance Marketing Firms.

Key features

✓Single Premium plan.
✓The plan provides for protection and savings.
✓Flexibility to - Choose the period for which protection is required. - Opt for payment of benefit in instalments.
✓Option to enhance protection by opting for Rider Benefitson payment of additional premium for the rider

Plan chart — eligibility

Minimum entry age

30 days (completed)

Maximum entry age

65 years (nearer birthday)

Maximum maturity age

: 75 years (nearer birthday)

Minimum policy term

10 years

Minimum age at maturity

18 years (completed)

Maximum policy term

25 years

Minimum Sum Assured

Rs. 1,00,000

Maximum Sum assured

No limit Sum Assured will be in multiples of amounts specified below: Basic Sum Assured Range Sum Assured multiple From Rs. 1,00,000/- to Rs. 2,50,000/- Rs. 10,000/- Above Rs.…

Premium payment mode

Single Premium only

Figures are indicative and summarised from the official LIC brochure. Please refer to the PDF or contact us for exact, up-to-date terms.

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