LIC Single Premium Endowment Plan: In today’s time every person wants to buy insurance so that he can secure his future. The country’s largest life insurance company i.e. Life Insurance Corporation of India keeps on bringing some new policy from time to time for crores of people of the country.
If you also want to get maximum return by investing in single premium, then you can invest in LIC’s Single Premium Endowment Plan. In this plan, you do not have to pay premiums again and again and you get a good fund at a premium. If you want to invest in a single premium endowment plan, then we are giving you information about its details.
What is LIC Single Premium Endowment Plan?
Let us tell you that by depositing a lump sum amount in a single premium endowment plan of Life Insurance Corporation of India, you can get a huge amount on maturity. In this policy, for how long your money will remain with LIC, you will get the benefit of more bonus. Along with this, investors also get the benefit of death benefit. If a policyholder dies before maturity, he gets the Basic Sum Assured or 1.25 times the total premium amount to the nominee.
Who can take advantage of this policy?
Your age should be between 90 days to 65 years to take this policy. You can buy this policy for a total period of 10 years to 25 years. At the same time, the maturity of the policy should be at the age of 75 years. The minimum sum assured in this policy is Rs 50,000 and no maximum limit has been fixed.
Know how much return you will get
If a person buys a policy with a sum assured of 4 lakhs, then he will have to invest a lump sum of Rs 3 lakhs as a single premium. After 10 years of this, you will get the total maturity amount as Rs 5 lakh 60. There itself. If the policyholder dies before maturity, then in such a situation the death benefit as mentioned above will be available to the LIC Nominee.
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