LIC's SINGLE PREMIUM ENDOWMENT PLAN

LIC has withdrawn all its existing plan except Endowment with Single premium and Amulya Jeevan I

LIC's SINGLE PREMIUM ENDOWMENT PLAN:

Its a pure vanilla insurance plan which is very easy to understand, just invest once and Risk will be covered for life time with benefits

Eg.

Person aged 30 to take a insurance cover for Rs.50,000 he need to pay a premium of Rs. 23545, for a term of 25 years.

Benefits:

Death Benefits:

During the policy term after the date of commencement of risk: sum assured along with Bonuses and Final Additional Bonus (FAB) will be paid to the Nominee

Maturity Benefits:

Sum Assured, along with vested bonus and FAB will be given to the policy holders


Bonus and FAB are finalised as per the profits earned by LIC.

Investors should always remember insurance policies will never give interest for the investment its only sharing of profits  is given as Bonus and FAB.


 Note:

LIC introduced few more Plans fore details check the below link

LIC's NEW ENDOWMENT PLAN – Plan no-814
LIC's NEW JEEVAN ANAND PLAN – Plan no-815
LIC's NEW BIMA BACHAT PLAN – Plan no-816
LIC's SINGLE PREMIUM ENDOWMENT PLAN – Plan no-817
LIC's NEW MONEY BACK PLAN – Plan no-820
LIC's NEW MONEY BACK PLAN – Plan no-821