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Single Premium Endowment Plan (Table No. 817)

LIC's Single Premium Endowment Plan is a non-linked savings cum insurance plan.Under this plan no. 817, the entire premium can be paid just once at the start of the policy. Lic Single Premium Endowment Policy plan no. 817 is an endowment policy where Sum assured along with Bonus and Final additional bonus will be paid to the policyholder, at the end of the policy term or policy period.

Key Benefits of Anmol Jeevan:

Single Premium Policy with Profit plan.

Minimum age at entry is 90 days.

Large Sum Assured is available under this plan.

Loan available after completion of one year.

High Bonus, High Liquidity, and Saving point.

Eligibility Conditions
Minimum Age at Entry 90 Days (Completed)
Maximum Age at Entry 65 Years (Nearest Birthday)
Maturity Age 18 Years to 75 Years
Policy Term 10 Years to 25 Years
Minimum Sum Assured 50000/-
Maximum Sum Assured No Limit (sum assured multiple in 5000/-)
Policy Mode Single Premium
High Sum Assured Rebate
(per thousand)
50,000 to 95,000 -- NilNil
1,00,000 to 1,95,000 -- 18% on B.S.A.
3,00,000 to 4,80,000 -- 20.00% on B.S.A.
5,00,000 and above -- 25.00 on B.S.A
Loan Available after completion after 3 month of the policy
Surrender Allowed after 3 year

Maturity Benefits:

On survival of the Life Assured to the end of policy term

Maturity benefit = Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.

Death Benefit:

On death during the policy term before the date of commencement of risk:

If the insured dies before the date of commencement of risk, the single premium shall be refunded without interest, Service tax and extra premium will be excluded.

On death during the policy term after the date of commencement of risk:

If the policyholder dies after the date of commencement of risk, the Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any shall be payable.

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