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Product Information
Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.
Understand Life Insurance
Dhan Sanchay
Saral Jeevan Bima
Bachat Plus
New Endowment Plan
New Jeevan Anand
Aadhaar Stumb
Jeevan Labh
Aadhaar Shila
Jeevan Lakshya
Single Payment Endowment
Bima Jyoti
Jeevan Tarun
Jeevan Lakshya
New Children’s Money Back Plan
Jeevan Umang
New Jeevan Anand
Saral Pension
Jeevan Akshay- VII
Jeevan Shanti
Cancer Cover
Jeevan Arogya
Jeevan Amar
Jeevan Umang
Bima Shree
Jeevan Shiromani
New Money Back Plan 25 Years
New Money Back Plan
New Bima Bachat
Dhan Rekha
New Pension Plus
SIIP
Nivesh Plus
New Endowment Plus
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Plan No. 917
LIC’s Single Payment Endowment plan is a combination of Protection, Savings and Life Cover
This plan offers the guaranteed risk cover of 125% of Sum Assured from Day 1 which increases every year as LIC declared the yearly bonus
You will get the Sum Assured along with Yearly bonus and final bonus on Maturity
This plan has an option of choosing the Accidental Life cover & Disability Benefit
This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
LIC offer the discount in premium in case of high Sum Assured
The loan is also available to the policyholder after the completion of 1 year of the policy
Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years
How Does This Policy Work
Sample illustration
Eligibility Criteria
Min.
Max.
Age
90 Days (Completed)
65 Years (Near Birthday)
Policy Term
10 Years
25 Years
Premium Payment Term
Single
Basic Sum Assured
Rs.50,000
No Limit
Maximum Maturity Age
18 Years Completed
75 Years (Near Birthday)
Rider
LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER
Rider
LIC's NEW TERM ASSURANCE RIDER (TR)
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