Lic Single Premium Endowment Policy is a one time premium payment policy. In this plan we can pay all premiums amount at a time. Bonus also very High. It is a conventional plan with profits. In order to Calculate your Benefits in Lic Single Premium Endowment Plan Calculator the following details should be filled by the policyholder such as Name, Age, Sum assured, Policy term and Personal details. In Lic single premium policy calculator after filling the details all types of Benefits are Illustrated such as Maturity Benefit, Death Benefit, Riders Benefits, Tax Benefits, Bonus values according to policy term, Loan values are tabulated.
If Policyholder dies within the policy term then nominee will receive death benefit as a sum of “Death Benefit (Sum Assured on Death), Simple Reversionary Bonus and FAB (final additional bonus)” if any. If Policyholder dies after the policy term then nominee will receive death benefit as a Single Premium that he paid excluding taxes (For information about Tax on Insurance Policies refer www.taxqueries.in) and extra premium (if any) without interest. For more details check Lic Single Premium Endowment Policy.
Lic Single Premium Endowment Plan Calculator is used to calculate Benefits by filling some parameters such as Name, Policy term, Age, Sum assured which is given below. Based on your Plan Parameters all types of benefits are calculated such as Death Benefit, Maturity Benefits, Rider Benefits etc. Lic Single Premium Endowment Plan Calculator is given below
Minimum age at Maturity is 18 years [only for those, whose age is below 18 years. they need to take the policy till their age goes above 18 years.]
Please fill the below details of Lic Single Premium Endowment Plan Calculator to know premium amount and maturity amount. Surrender value and loan value of lic Single Premium Endowment Policy are provided during the term of the policy.
* Returns means Amount of Bonus paid by Lic.
* Cash Value means Amount we get if we surrender Lic Single Premium Endowment plan.
* Loan Value means Loan Amount we can get from Lic Single Premium Endowment policy.
Here the values provided by Lic Single Endowment Premium Calculator are estimated values. For detailed and accurate values please refer Lic premium calculator at www.licindia.in.