Lic india agent, lic life insurance agent Lic's Single Premium Endowment Plan
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Lic's Single Premium Endowment Plan BY LIC INDIA
(Table No. 817) - Call us now : +91-9820934872

Feature of Lic's Single Premium Endowment Plan:

This is an endowment plan or policy which combines savings and financial protection.In case the person whose life is insured survives the term of maturity, he/she will get the assured sum along with the ensued bonus.If the person dies without completing the term of maturity, then the nominee gets the mentioned total amount. However the tax benefit for this plan is not great; it is only 10% of the initial sum, no matter how large the amount is.



In case the age of policy holder is less than 8 years at the time of starting policy, the risk will commence either 2 years from the starting date or from the policy anniversary which coincides with the attainment of 8 years, whichever comes before. If the policy holder is above 8 years then the risk commences immediately.The minimum age at entry is 90 days while Maximum age at entry is 65 years. Term ranges between 10 years and 25 years. The minimum age at maturity is 18-75 years. There is no upper limit on the maximum sum assured while the minimum sum is 50,000 Rupees.

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