Choosing the right insurance plan is very important, especially if someone wants to keep their family and their future financially safe and planned. People can choose various plans, but repeated premiums can be a headache as well for the insured. In such a situation, it is better if there is only one premium to pay. In the LIC single premium endowment plan, the policyholder will only have to pay the premium once at the very start of the policy term. There will be no payment until its maturity. At the end of the policy, one will get the maturity benefit tagged along with the accrued bonuses, as per the approval of the company.
