As such there are number of plans and schemes offered by several companies but LIC LifePlus non term plan is below all. Non term plans offered by the LIC includes retirement and investment plans. New Jeevan Anand, Jeevan Akshay â€“ VI, New Endowment, Single Premium Endowment, New Bima Bachat, Jeevan Arogya, New Money Back(20), New Money Back(25) are some of the plans that provide the customers with different sets of pension options to make them feel independent when they are not in a condition to earn for themselves. Some Of Our Products are...
SINGLE PREMIUM ENDOWMENT
LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. 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. This plan also takes care of liquidity needs through its loan facility.