Endowment PlansPlan 717NRI Eligible

LIC Single Premium Endowment Plan

Name: LIC Single Premium Endowment Plan
Brand: Life Insurance Corporation of India
Availability: InStock
Rating: 4.6 (32 reviews)

One-time payment, guaranteed returns with life cover

What is LIC Single Premium Endowment Plan?

LIC Single Premium Endowment Plan (Plan 717) is a endowment plans plan from Life Insurance Corporation of India. In simple terms: one-time payment, guaranteed returns with life cover.

Key Highlights

Pay once, get life cover + maturity benefit

No recurring premium commitment

Good for windfall or bonus money

Loan facility available

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Sum Assured + bonuses

When the Plan Matures (Maturity Benefit)

Sum Assured + accumulated bonuses

Eligibility & Details

Minimum Entry Age	8 years (last birthday)
Maximum Entry Age	65 years
Minimum Sum Assured	₹50,000
Policy Term	10, 12, 14, 15, 20, 25 years
Premium Paying Term	Single premium
Bonus Type	simple reversionary
Risk Level	low
NRI Eligible	Yes

Tax Benefits

Section 80C deduction (up to 1.5L)
Maturity tax-free under 10(10D)

Premium Rates (Indicative)

Age	10 years	15 years	20 years	25 years
20 yrs	₹75,500	₹67,200	₹60,500	₹55,800
30 yrs	₹76,200	₹68,100	₹61,800	₹57,500
40 yrs	₹78,500	₹70,800	₹65,200	₹61,800
50 yrs	₹83,200	₹76,500	₹72,000	-

Single premium in ₹ for BSA of ₹1 lakh, standard lives. Exclusive of taxes.

Source: LIC Official Sales Brochure | Data last verified: 21 March 2026

Example: What You Could Get

If a 30-year-old buys this plan with ₹10 lakh sum assured, 15-year term:

Annual Premium

₹6,81,000

Total Paid (15 yrs)

₹1,02,15,000

Est. Bonuses

₹6,75,000

Est. Maturity

₹16,75,000

That's approximately 0.2x of what you paid in premiums.

Maturity Benefit Illustration

Estimated

What you pay vs what you could receive (conservative estimate with assumed bonus rate of ~Rs.48-60 per Rs.1,000 SA per year)

Age 2517% return

You Pay: 50.40 L

You Get: 8.70 L

Age 3017% return

You Pay: 51.08 L

You Get: 8.70 L

Age 3517% return

You Pay: 51.08 L

You Get: 8.70 L

Age 4016% return

You Pay: 53.10 L

You Get: 8.70 L

Entry Age	Annual Premium	Total You Pay	Est. Maturity	Return
25 yrs	₹3,36,000	50.40 L	8.70 L	17%
30 yrs	₹3,40,500	51.08 L	8.70 L	17%
35 yrs	₹3,40,500	51.08 L	8.70 L	17%
40 yrs	₹3,54,000	53.10 L	8.70 L	16%

Sum Assured: ₹5,00,000 | Term: 15years | Bonus assumption: ~Rs.48-60 per Rs.1,000 SA per year (conservative). Actual maturity depends on LIC's declared bonus rates. This is for illustration only. Please consult your insurance advisor for accurate projections.

Who is This Plan Best For?

lump sum investmentsavingsone-time payment

Frequently Asked Questions

What is LIC Single Premium Endowment Plan (Plan 717)?

LIC Single Premium Endowment Plan is a endowment plans plan from Life Insurance Corporation of India. One-time payment, guaranteed returns with life cover.

What is the eligibility age for LIC Single Premium Endowment Plan?

Entry age is between 8 and 65 years. Policy term: 10 to 25 years. Premium paying term: Single premium.

What is the minimum sum assured for LIC Single Premium Endowment Plan?

Minimum sum assured is ₹50,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Single Premium Endowment Plan?

Section 80C deduction (up to 1.5L). Maturity tax-free under 10(10D).

Is LIC Single Premium Endowment Plan available for NRIs?

Yes. LIC Single Premium Endowment Plan is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC Single Premium Endowment Plan?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

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