Showing posts with label lic Single Premium Endowment plan chart. Show all posts
Showing posts with label lic Single Premium Endowment plan chart. Show all posts

Friday, January 3, 2014

LIC New Single Premium Endowment Plan Table No 817 - 2014

LIC Single Premium Endowment Plan
LIC Single Premium Endowment Plan (Table 817) is a single premium conventional With Profits Endowment Assurance Plan. This policy will be eligible for Simple revisionary bonus at a rate based on the corporation's experience with this policy. Final Additional Bonus may also be declared under this policy which will be payable on the expiry of the policy term or on earlier death provided the policy has completed a minimum no of years. 
Features of LIC Single Premium Endowment Plan :

• Single Premium Endowment plan which participates in the corporation's profits and is eligible for Simple reversionary Bonus
• On survival of the policy holder till the end of the policy term, Sum Assured with Simple Reversionary Bonus along with Final Additional Bonus(if any) will be provided.
• The Life risk coverage starts after the policy holder completes 8 yrs of Age. 
LIC Single Premium Endowment Plan Eligibility Conditions :
Minimum
Maximum
Sum Assured (in Rs.)
50,000
No Limit
Policy Term (in years)
10 yrs
25 yrs
Premium Payment Term(in years)
Single
Entry Age of Life Insured
90 days
65 Yrs
Age at Maturity
18 Yrs
75 Yrs
Returns of LIC Single Premium Endowment Plan :
Maturity Benefit – At the maturity of the policy, the policy holder will get Sum Assured + Simple Reversionary Bonus + Final Additional Bonus (if any). 
Death Benefit – 
· In case of death after the commencement of risk, nominee will receive the Sum Assured with accured Bonus and Final Additional Bonus if any.
· In case of death before the commencement of risk, The single premium will be returned excluding taxes and any extra premium paid.
Income Tax Benefit – Available under Section 80 C for Premiums paid and under Section 10 (10D) for returns

LIC New Single Premium Endowment Plan Table No 817 Premium Chart
LIC New Single Premium Endowment Plan Table No 817 Illustration






LIC New Single Premium Endowment Plan Table No 817