LIC’s Single Premium Endowment Plan

Plan No. 817

UIN 512N283V01

LIC’s 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

Death Benefit

Maturity Benefit

Sum Assured Plus

Simple Reversionary Bonuses Plus

Final Additional Bonus, if

any.

After Commencement of RiskBefore 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.

LIC’s 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).

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%

Some Examples of Loan as a percentage of Surrender Value are given below -

LIC’s SINGLE PREMIUM ENDOWMENT PLAN

Particulars Description

Age at entry90 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.

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 25‰SA 18‰SA Nil

Rebate for High Sum Assured

Eligibility Conditions and Restrictions

LIC’s 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

LIC’s SINGLE PREMIUM ENDOWMENT PLAN

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.

Why

LIC’s SINGLE PREMIUM ENDOWMENT PLAN

…………Because it is

SPECIAL