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LIC's Single Premium Endowment Plan (817) Premium Calculator

LIC's Single Premium Endowment Plan (817) Premium Calculator - LIC's Single Premium Endowment Policy Plan 817 was introduced on 1st January 2014. It 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. In case of death, Sum Assured will be paid to the nominee during the policy year. In this LIC's Single Premium Endowment Policy Plan 817 premium needs to be paid by the policyholder, as a lump sum just once at the start of the policy.

 

Key Features:

  1. Single premium endowment policy with profit plan in this policy.
  2. Policy can be taken as early as at 90 days of age in this policy.
  3. On maturity, policyholder will get sum assured along with bonus and Final Additional bonus in this policy.
  4. Customers can opt for Accident Benefit Rider and Critical Illness Rider by paying small amount along with the Premium in this policy.
  5. High Bonus, High liquidity and saving point in this policy

Policy Conditions:

Entry age:

  • Minimum: 90 days (completed)
  • Maximum: 65 years (nearest birthday)

Maturity age:

  • Minimum: 18 years (completed)
  • Maximum: 75 years (nearest birthday)

Policy term:

  • Minimum: 10 years
  • Maximum: 25 years
  • Premium Payment mode: Single Premium only.

Sum Assured:

  • Minimum: Rs.50,000/-
  • Maximum: No limit
  • Sum Assured will be in multiples of Rs.5,000 /- only.

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