LICs Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy.
At the Buyonlinelic Insurance Agency, we believe in helping you make the right decision based on your lifestyle and needs.
By law, all operation in the state of India are required to be insured or bonded.
SINGLE PREMIUM ENDOWMENT:
- Details This combination provides financial protection against death during the policy term with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.
- Death Benifit: Policyholders of the new endowment plus plan are covered against: Death: this is basic cover and implies that if the policyholder dies during the tenure of the policy then sum assured on death shall be paid to his/her beneficiaries Death due to accident (as rider option): this is a rider option and implies that should the death of policy holder occur due to an accident then beneficiaries will be paid sum assured.