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Life Insurance 545 views June 19, 2021
Don’t want to face the hassle of paying a premium towards your insurance policy every year? Well, you can purchase a life insurance plan by paying a lump sum premium amount once during the policy term. With Single premium insurance plans, you don’t need to remember the premium payment due date. Instead, you can get insurance cover by paying the single premium amount upfront.
Want to invest in the same and know more about it? On this page, we will talk about some of the top single premium insurance plans in India so that you can make a better decision.
Table of Contents
Some of the top insurance plans that you can purchase by making a single premium payment are LIC One Time Investment Plan, SBI Life Smart Assure Wealth Plan, Kotak Life Single Invest Advantage Plan, ICICI Prudential Single Premium One Wealth Plan and HDFC Life Single Premium Pension Super Plan.
These plans ensure that your family gets protection even in your absence. We are going to discuss the features of these plans one after another so that you can understand better. Let’s start!
Also known as LIC Single Premium Endowment Plan, this plan gives individuals a unique amalgamation of savings and protection. This plan can be perfect for you if you want to ensure long-term savings. You can check its striking features mentioned below.
SBI Life Smart Assure Wealth Plan is an individual unit-linked non-participating life insurance product that helps customers enjoy market-linked returns along with insurance cover. Let’s check the key features of this plan mentioned below.
This one-time premium unit-linked insurance plan lets you invest once and enjoy the benefits throughout the policy term. This plan also provides flexible investment strategies and liquidity that can be customized according to your needs. Want to know its key features? Well, check them out below.
If you want something more than a life insurance plan, you should choose ICICI Pru 1Wealth Plan. This plan helps individuals to invest 100% of their money in funds according to their choice. Have a look at the crucial features of this plan mentioned below.
HDFC Life Single Premium Pension Super Plan from HDFC Life is a unit-linked single premium pension plan. it helps you protect your investments to live your retirement years peacefully. You can check the prominent features of this plan below.