Lic Single Premium Endowment vs Lic Jeevan Saathi Life Insurance Plan 2026 | PolicyX
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It is a traditional endowment plan offering death and maturity benefits to the policyholder, along with a bonus facility. The premium is paid as a lump sum at the start of the policy. This plan serves both investment and protection purposes, securing your family in case of an untimely demise. It offers guaranteed returns, making it a secure option for financial benefits. LIC's Single Premium Endowment Plan provides insurance cover, ensuring a lump sum amount is given to the family if an unfortunate incident occurs to the insured. This can be particularly beneficial if the insured is the family's breadwinner. LIC's single premium policy also offers rebates and a loan facility. Policyholders can also avail tax benefits under the Income-tax Act.

LIC Single Premium Endowment Plan offers a range of benefits including:

  • Maturity Benefits
  • Death Benefits
  • Multiple Rider Options
  • Loan Facility
  • Survival Benefits
PLAN DETAILS

Lic Single Premium Endowment

Lic Jeevan Saathi
Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Maturity age Maximum Maturity Age - 75 years Maximum Maturity Age - 70 years
Plan Sum Assured Single Premium 10 to 20 years
Plan Entry Age Minimum Age - 90 days, Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 55 years
Plan Payment modes Rs 50,000 to No limit Rs 10,000 to No limit
Plan Policy loan Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum - 10 years, Maximum - 25 years Minimum term - 10 years Maximum term - 20 years
Claim Settlement Ratio (2024-25) 98.5% 98.5%

* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above life insurance plans using the PolicyX Life Insurance Calculator.

Riders

Benefits of LIC Single Premium Endowment Plan

There are various benefits to buying the LIC Single Premium Endowment Plan. Let’s understand each of them in detail:

  • Death Benefits: If the policyholder dies within the policy tenure after paying a single premium, and the death occurs before the commencement of risk, only the single premium paid will be returned to the nominee. If death occurs after the commencement of risk, the sum assured plus accrued bonus will be paid as a death benefit. Discounts are available for a high sum assured.
  • Maturity Benefit: If the policyholder survives till the end of the policy tenure, the sum assured along with the simple reversionary bonus and final additional bonus (if any) will be given to the insured person as maturity benefits.
  • Loan Facility: A loan can be availed on the policy after the first policy year.
  • Multiple Rider Options: You can avail of additional riders with this plan as per your requirements.

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Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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