- Introduction to the LIC Single Premium Endowment Plan 917
- How to Use the Maturity Calculator
- Details of the Plan
- How are the Premium and Sum Assured on Maturity Calculated?
- Benefits of the LIC Single Premium Endowment Plan 917
- How to Choose a Policy for Maximum Benefits?
Have you ever wondered how much return your investment will generate in the future? If yes, then LIC Single Premium Endowment Plan 917 Maturity Calculator is here to help! Whether you are looking to invest for retirement or simply want to grow your money, this calculator can give you a clear idea of what to expect. In this step-by-step guide, we will walk you through the process of using LIC’s single premium endowment plan maturity calculator so that you can make informed decisions about your investments and enjoy maximum benefits. Let’s get started!
Introduction to the LIC Single Premium Endowment Plan 917
Assuming that you are already familiar with LIC and its policies, we shall now proceed to introduce the LIC Single Premium Endowment Plan 917. This is a policy that has been specifically designed for those who wish to make a one-time payment for their insurance coverage. The key features of this policy include:
-It offers a death benefit as well as a maturity benefit
-The policy term is 12 years
-The minimum sum assured is Rs.1,00,000
-The maximum sum assured is Rs.5,00,000
-Policyholders have the option to avail of an additional rider known as the Accidental Death and Dismemberment Benefit Rider
Now that we have given you a brief overview of the policy, let us take a more detailed look at how it works. The first thing you need to do is calculate the premium that you will need to pay. This can be done using the LIC Single Premium Endowment Plan 917 Maturity Calculator.
How to Use the Maturity Calculator
Assuming that you are already familiar with the LIC Single Premium Endowment Plan and have decided to use the Maturity Calculator, here is a step-by-step guide on how to use it:
1. Enter the date of birth of the policyholder and the date on which the policy was issued.
2. Enter the policy term, premium paying term and sum assured.
3. Click on the “Calculate” button.
4. The maturity value will be displayed on the screen.
Details of the Plan
When you are planning to invest in an LIC endowment plan, it is important to know how much money you will get back at maturity. The LIC Single Premium Endowment Plan Maturity Calculator can help you determine this amount.
To use the calculator, simply enter your policy number, premium amount, and policy term. The calculator will then provide you with an estimate of your maturity value. You can also use the calculator to see how your investment will grow over time.
The LIC Single Premium Endowment Plan Maturity Calculator is a valuable tool that can help you make informed decisions about your investment. With this tool, you can ensure that you will receive the full benefits of your investment at maturity.
How are the Premium and Sum Assured on Maturity Calculated?
Assuming you are the policyholder, the LIC Single Premium Endowment Plan Maturity Calculator will use the following information to calculate your premium and sum assured on maturity:
-The total amount of money you have paid into the policy
-The number of years you have been paying into the policy
-The current interest rate
-Your age when you started paying into the policy
-Your current age
Using this information, the calculator will determine how much money you have paid into the policy and what the current value of your investment is. The sum assured on maturity is calculated by taking the total amount of money you have paid into the policy and adding any accumulated interest.
Benefits of the LIC Single Premium Endowment Plan 917
The LIC Single Premium Endowment Plan 917 is a great way to save for your future. It offers a number of benefits that make it an attractive option for many people. Here are some of the benefits of this plan:
1. Guaranteed returns – The LIC Single Premium Endowment Plan 917 offers guaranteed returns. This means that you will get your money back, no matter what happens in the market.
2. Flexibility – This plan is flexible, which means that you can choose how long you want to invest for and how much you want to invest each month.
3. Tax benefits – The LIC Single Premium Endowment Plan 917 offers tax benefits. This means that you can save on your taxes by investing in this plan.
4. Death benefit – If you die during the policy term, your beneficiaries will receive the death benefit. This can help them cover expenses such as funeral costs and other debts.
5. Maturity benefit – When the policy matures, you will receive the maturity benefit. This can be used for any purpose, such as retirement planning or buying a new home.
How to Choose a Policy for Maximum Benefits?
When it comes to choosing a life insurance policy, there are a lot of factors to consider. But if you want to make sure you’re getting the most bang for your buck, there are a few key things you need to keep in mind.
First, you need to make sure the policy you choose is right for your needs. There’s no point in buying a policy that doesn’t give you the coverage you need.
Second, you need to make sure the policy is affordable. There’s no point in buying a policy that you can’t afford to pay for.
Third, you need to make sure the policy gives you the maximum benefits possible. This is where the LIC Single Premium Endowment Plan Maturity Calculator comes in handy.
This calculator will help you determine how much money you could receive at maturity based on your current age, premium amount, and interest rate. It’s a helpful tool that can give you an idea of how much your policy could be worth down the road.
fourth , The LIC Single Premium Endowment Plan Maturity Calculator can also help you compare different policies side-by-side so you can see which one would give you the most benefits. This is a valuable tool that can help you make an informed decision about which policy is right for you.
In conclusion, the LIC Single Premium Endowment Plan 917 Maturity Calculator is a powerful tool that can help you easily calculate and understand how much money you will get when your policy matures. By following this step-by-step guide, you should now have all the necessary information to use this calculator effectively. If you need any further help or advice on using it, don’t hesitate to contact us for more guidance.