LICs Single Premium Endowment Plan

Plan No. 817

UIN 512N283V01
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

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
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 -
LICs SINGLE PREMIUM ENDOWMENT PLAN
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.
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
Rebate for High Sum Assured
Eligibility Conditions and Restrictions
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):
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
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