LIC

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• LICs Single Premium Endowment Plan
• Plan No. 817
• UIN 512N283V01

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LICs SINGLE PREMIUM ENDOWMENT PLAN
Highlights

• Single Premium
• With Profit Endowment Plan
• Minimum Age at entry is 90 days
• Loan available after completion of one year
• Back dating is allowed

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LICs SINGLE PREMIUM ENDOWMENT PLAN
Maturity Benefit Sum Assured Plus
Simple Reversionary Bonuses Plus
Final Additional
Bonus, if any.
Death Benefit
After Commencement of Risk Before Commencement of Risk
Sum Assured plus vested Simple Reversionary bonuses and final additional bonus, if any. Return of Single Premium excluding taxes and extra premiums, if any.
In case the age at entry of Life Assured is less than 8 years, risk will commence either 2 years from the DOC OR policy anniversary after completion of 8 years of age whichever is earlier, for others risk shall commence immediately. In case the age at entry of Life Assured is less than 8 years, risk will commence either 2 years from the DOC OR policy anniversary after completion of 8 years of age whichever is earlier, for others risk shall commence immediately.
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LICs SINGLE PREMIUM ENDOWMENT PLAN
Loan

• Available after completion of 1 policy year.
• Amount of loan will depend on year of Policy and
  Policy Term.
• The maximum loan shall be granted as a percentage
  of Surrender Value(SV).

Some Examples of Loan as a percentage of
Surrender Value are given below -
Policy Year ? Term ? 3 6 9 12 13 and above
Upto 15 yrs 60 80 90 90 90
16 to 20 yrs 45 60 80 90 90
21 yrs and above 30 45 60 80 90
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LICs SINGLE PREMIUM ENDOWMENT PLAN
Eligibility Conditions and Restrictions
Particulars Description
Age at entry 90 days (completed) to 65 years (nearest birthday)
Age at Maturity 18 to 75 years
Policy Term 10 to 25 years
Premium mode Single Premium only
Basic Sum Assured 50000 and above ( In multiples of 5000) No upper Limit.
Rebate for High Sum Assured
Sum Assured 3,00,000 and above 2,00,000 to 2,95,000 1,00,000 to 1,95,000 50,000 to 95,000
Rebate (Rs.) 30 SA 25SA 18SA Nil
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LICs SINGLE PREMIUM ENDOWMENT PLAN
The policy can be surrendered at any time during
the policy term. Higher of Guaranteed Surrender
Value or Special Value shall be
payable. Guaranteed Surrender Value(GSV) 1st
Year 70 of Single Premium excluding taxes and
extra premium, if any. Thereafter 90
of Single Premium excluding taxes and extra
premium, if any. Plus Surrender Value of
vested bonuses. Special Surrender Value
(SSV) Discounted value of Sum Assured and vested
simple reversionary bonuses
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WhyLICs SINGLE PREMIUM ENDOWMENT PLAN

Because it is SPECIAL

• S Single Premium -One time investment.
• P Protection -Risk Cover for full Sum Assured.
• E Excellent for meeting educational needs of
  young ones.
• C Children from the age of 90 days can be
  covered.
• I Ideal for investment planning-Wide range of
  policy term.
• A Attractive - participates in profits.
• L Liquidity through Loan.

Thank You !