LIC Single Premium Endowment (817)

LIC Single Premium Endowment (817) Plan is a single premium, non-linked, with profits Endowment Plan of LIC.

Below are some of the additional details of this plan. To get more information, contact us using the "Contact Form" option on this blog.

Premium Payment Mode:
Single Premium

Term :
10 to 25 Years

Minimum Entry Age :
90 days Completed

Maximum Entry Age :
65 Year (Nearest Birthday)

Maximum Maturity Age :
75 Year

Minimum Sum Assured :
50,000

Maximum Sum Assured :
No Limit (Depending upon Income)

Policy Benefits :
On Death :
On Death after commencement of risk: Sum Assured + Vested Bonus + FAB if any
On Death before commencement of risk: Return of Single Premium excluding taxes and Extra Premium.

On Survival :
On survival Sum Assured + Vested Bonus + FAB if any.

Surrender Value :
The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.

Loan :
Loan Facility is available under this plan, after completion of one policy year.

Income Tax Benefit :
• u/s 80C up to 10% of SA.