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

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Presentation on theme: "LICs Single Premium Endowment Plan Plan No. 817 UIN 512N283V01."— Presentation transcript:

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

2 LICs SINGLE PREMIUM ENDOWMENT PLAN – Highlights 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

3 Death Benefit Maturity Benefit Sum Assured Plus Simple Reversionary Bonuses Plus Final Additional Bonus, if any. 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. LICs SINGLE PREMIUM ENDOWMENT PLAN

4 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 and above Upto 15 yrs 55%60%80%90% 16 to 20 yrs 40%45%60%80%90% 21 yrs and above 30% 45%60%80%90% Some Examples of Loan as a percentage of Surrender Value are given below - LICs SINGLE PREMIUM ENDOWMENT PLAN

5 ParticularsDescription Age at entry 90 days (completed) to 65 years (nearest birthday) Age at Maturity18 to 75 years Policy Term10 to 25 years Premium modeSingle Premium only Basic Sum Assured 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 SA25SA18SANil Rebate for High Sum Assured Eligibility Conditions and Restrictions LICs SINGLE PREMIUM ENDOWMENT PLAN

6 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): 1 st 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 LICs SINGLE PREMIUM ENDOWMENT PLAN

7 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 LICs SINGLE PREMIUM ENDOWMENT PLAN …………Because it is SPECIAL


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