LIC Single Premium Endowment Plan (Plan no.817)

It’s a Single premium, Non-linked, Conventional with-profits Endowment plan.

In this plan you have to pay a lumpsum money, after the term you will get Sum Assured with bonus.

Eligibility Conditions & Restrictions

Minimum age:90 days completed
Maximum age:65 years
Maximum maturity age:75 years
Policy Term:10 years to 25 years
Minimum Sum Assured:Rs.50,000
Maximum Sum Assured:No limit
Premium payment:Single Premium
Loan:Eligible after 1st year
Surrender:Eligible at any time
On Death:Sum Assured + Bonus
On Maturity:Sum Assured + Bonus
Income Tax Benefit:20% of Premium paid are eligible for Tax rebate u/s 80c