LIC's Single Premium Endowment Plan

A participating non-linked single premium plan — pay once and enjoy life cover with bonus accumulation for the entire term.

Why Choose This Plan?

If you have a lump sum available and want to put it to work as a secure, long-term savings instrument, LIC's Single Premium Endowment Plan is the answer. Pay just once, and your money grows through bonuses over the policy term while keeping a life cover active for your family. There are no annual premium obligations, making this ideal for NRIs, retirees, or anyone who has received a one-time windfall and wants a guaranteed, safe investment.

Frequently Asked Questions

Eligibility criteria vary based on age, medical history, and specific plan requirements. Contact our advisors for a detailed assessment of your eligibility.

The claim process is simple and hassle-free. You can initiate a claim through our online portal, or by contacting our customer support team with the required documentation.

Yes, premiums paid towards this insurance plan may be eligible for tax deductions under relevant sections of the Income Tax Act. Please consult with a tax advisor for specifics.

LIC's Single Premium Endowment Plan