LIC’s Single Premium Endowment Plan is a Non linked, Participating, Individual,
Life Assurance, savings plan which offers an attractive combination of savings and
protection features. The 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.