Single Premium Endowment 817 explained in simple words
The policy is ideal for people with growing kids.
The policy can be taken for children of the age 0-12 years. Money back starts after the child is 18 years old and then at 20 years, 22 years and 25 years.
The policy also has accidental death benefit.
If you are in Gurgaon, get in touch with us to understand Single Premium Plan in simple language and see how it can be of tremendous use to you.
LIC Policy Benefits
Yes, loan is available.
Yes, revival of policy is possible within 2 years from last premium paid date i.e. If you started a policy in 2000, paid premiums in 2001 and 2002 and due to some reason could not pay the premium for the years 2003 and 2004, the policy can be revived in 2004 with all benefits.
Yes, the policy can be surrendered after 3 years of policy. The surrender value of the policy is different for different policies and it mainly depends on how far the maturity date is.