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Single Premium Endowment (Plan 817)

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

Single Premium

Term : 10 to 25 Years

Entry Age: Minimum 90 days and maximum 65 years.

Minimum Sum can be Assured Rs.50,000/-

Policy Benefits :

On Death :

On Death after commencement of risk: Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

On Survival :

On survival Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

Surrendered Value :

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

Loan :

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

Income Tax Benefit :
• Premium paid under this plan is eligible for deduction( 10% of S.A.)under section 80C of Income Tax Act, 1961.