LIC’s Single Premium Endowment Plan: If you are looking for an insurance plan in which you have to pay the premium only once and then get the treatment of both security and savings, then you can buy LIC’s Single Premium Endowment Plan. If you are unfamiliar with this plan, we will provide comprehensive details about it in this article. Let’s know.
LIC’s Single Premium Endowment Plan
The Single Premium Endowment Plan from LIC is a life protection plan that guarantees both security and savings. However, it’s important to note that this policy requires a premium payment. If the policyholder passes away, his family members will receive the insurance money.
Eligibility for the LIC’s Single Premium Endowment Plan
We have determined the eligibility for this policy and are providing the details below.
Entry Age- 1. Minimum: 90 days.
2. Maximum: 65 years.
Maturity Age- 1. Minimum: 18 years.
2. Maximum: 75 years
Entry Age- 1. Minimum: 90 days.
2. Maximum: 65 years.
Maturity Age- 1. Minimum: 18 years.
2. Maximum: 75 years.
LIC’s Single Premium Endowment Plan
To take LIC’s Single Premium Endowment Plan, you have to provide documents like an Aadhar card, PAN card, salary slip, password-size photo, bank details, and birth certificate.
Learn how to enroll in LIC’s Single Premium Endowment Plan.
You can obtain complete information about LIC’s Single Premium Endowment Plan by visiting their official portal or branch. After that, you can purchase this policy by completing the policy-related application process. One important note to remember is that when purchasing this policy, you must pay the entire premium at one time.
Disclaimer: The information provided in this article is for general informational purposes only and is not professional advice. We always recommend consulting a qualified financial advisor or insurance agent for personalized guidance based on your specific circumstances. We cannot guarantee the accuracy and completeness of the information.