Product Summary :
LIC Single Premium Endowment Plan (817) is a single premium, non-linked, with profits Endowment Plan.
Premium Payment Mode:
10 to 25 Years
Minimum Entry Age :
Maximum Entry Age :
65 Year (Nearest Birthday)
Maximum Maturity Age :
Minimum Sum Assured :
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.
Surrendered Value :
The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.
Loan Facillity is available under this plan, after completion of one policy year.
Income Tax Benefit :
• u/s 80C up to 10% of SA.
Proposal Form : 300/340 shall be used under this plan.