What are the advantages of a single premium endowment plan from LIC?

Answer-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. Through its credit facility, this plan also addresses the issue of liquidity.

What is the single premium endowment plan commission for LIC?

Answer-For single-premium plans, the commission is 2%. Commission caps for a normal premium policy remain the same. The maximum commission that can be paid out in the first year is 7.5%; in future years, it's 2%.

Can I cancel a single premium endowment plan with LIC?

Answer-Surrender Value: If you decide to cancel the plan, you will receive a portion of the one-time premium you paid. The premium amount without taxes is what the guaranteed surrender value is based on. Values associated with bonuses - The bonus that has been declared for the plan has a surrender value as well.

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LIC Single Premium Endowment Plan The Single Premium Endowment Plan from LIC is a one-time investment vehicle that enables you…

Browsing: LIC Single Premium Endowment Plan 917

LIC Single Premium Endowment Plan 917 Review and Benefits

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