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.
http://www.licindia.in/single-premium-endowment-plan-01-2014.htm
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