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LIC’s Single Premium Endowment Plan Plan No. 817 UIN 512N283V01

LIC’s Single Premium Endowment Plan Plan No. 817 UIN 512N283V01. LIC’s SINGLE PREMIUM ENDOWMENT PLAN – Highlights. Single Premium With Profit Endowment Plan Minimum Age at entry is 90 days Loan available after completion of one year Back dating is allowed.

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LIC’s Single Premium Endowment Plan Plan No. 817 UIN 512N283V01

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  1. LIC’s Single Premium Endowment Plan Plan No. 817 UIN 512N283V01

  2. LIC’s SINGLE PREMIUM ENDOWMENT PLAN – Highlights • Single Premium • With Profit Endowment Plan • Minimum Age at entry is 90 days • Loan available after completion of one year • Back dating is allowed

  3. LIC’s SINGLE PREMIUM ENDOWMENT PLAN Maturity Benefit Sum Assured Plus Simple Reversionary BonusesPlus Final Additional Bonus, if any. Death Benefit

  4. LIC’s SINGLE PREMIUM ENDOWMENT PLAN Loan • Available after completion of 1 policy year. • Amount of loan will depend on year of Policy and Policy Term. • The maximum loan shall be granted as a percentage of Surrender Value(SV). Some Examples of Loan as a percentage of Surrender Value are given below -

  5. LIC’s SINGLE PREMIUM ENDOWMENT PLAN Eligibility Conditions and Restrictions Rebate for High Sum Assured

  6. LIC’s SINGLE PREMIUM ENDOWMENT PLAN The policy can be surrendered at any time during the policy term. Higher of Guaranteed Surrender Value or Special Value shall be payable. Guaranteed Surrender Value(GSV): 1st Year ~ 70% of Single Premium excluding taxes and extra premium, if any. Thereafter ~ 90% of Single Premium excluding taxes and extra premium, if any. Plus Surrender Value of vested bonuses. Special Surrender Value (SSV): Discounted value of Sum Assured and vested simple reversionary bonuses

  7. WhyLIC’s SINGLE PREMIUM ENDOWMENT PLAN …………Because it is SPECIAL S~Single Premium -One time investment. P~Protection -Risk Cover# for full Sum Assured. E~Excellent for meeting educational needs of young ones. C~Children from the age of 90 days can be covered. I~Ideal for investment planning-Wide range of policy term. A~Attractive - participates in profits. L~Liquidity through Loan. Thank You !

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