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LIC’s New Plan Single Premium Endowment Plan (Table No. 817)

LIC’s New Plan Single Premium Endowment Plan (Table No. 817).
INTRODUCTION: LIC’s New Single Premium Endowment Plan (Plan No. 817) with effect from 1st January, 2014. The Unique Identification Number (UIN) for LIC’s New Endowment Plan is 512N283V01. This number has to be quoted in all relevant documents furnished to the Policyholders and other users (public, distribution channels).This is Single Premium conventional Endowment Assurance Plan. The benefits are as follows.
Death Benefit:
a) On death during the policy term before the date of commencement of risk: Return of single premium excluding service tax and extra premium, if any, without interest.
b) On death during the policy term after the date of commencement of risk: Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
Maturity Benefit: Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.
Participation in profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation. Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity on such terms and conditions as may be declared by the Corporation from time to time.
ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:
  • Minimum entry age : 90 days (completed)
  • Maximum entry age : 65 years (nearest birthday)
  • Maximum maturity age: : 75 years (nearest birthday)
  • Minimum policy term : 10 years
  • Minimum age at maturity : 18 years (completed)
  • Maximum policy term : 25 years
  • Minimum Sum Assured : Rs.50,000
  • Maximum Sum assured : No limit
  • Sum Assured will be in multiples of Rs.5000 /- only.
  • Payment Mode: – Single Premium Only.

Contact us for Free Quotes on LIC’s New Plan Single Premium one time Investment Endowment Plan (Table No. 817).Register your products with us & Gets 1 Year Premium Reminders & Promotional Email and SMS Service Free.

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