LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.

Plan Number: 817
Plan name: New Single Premium Endowment Plan
Minimum Eligible Age: 90 days
Maximum Eligible Age: 65
Minimum Maturity Age: 18
Maximum Maturity Age: 75
Minimum Policy term: 10
Maximum policy Term: 25
Minimum Sum assured: 50,000
Maximum Sum Assured: No Limit(Multiple of Rs. 5000)
No DAB available since plan is single premium
Mode of Premium payment: Single Premium
Gender Allowed: Both
Minimum age at entry for Accident benefit: 18
Max cover ceasing age Accident benefit: 70
Minimum Accident Benefit Sum Assured: 1,00,000 (Multiple of Rs. 5000)
Sum Assured Rebate: Available
Loan Available: Yes,available after completion of one policy year
Profit plan: with Profits plan
Proposal Form No: 300 & 340
Back Dating: Yes, Interest will be charged for full period of back-dating

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