LIC Single Premium Endowment Plan
One-time payment, guaranteed returns with life cover
What is LIC Single Premium Endowment Plan?
LIC Single Premium Endowment Plan (Plan 717, UIN 512N283V03) is an endowment (savings plus protection) plan from Life Insurance Corporation of India. It is a participating (with-profits) plan: the policy earns Simple Reversionary Bonuses that LIC declares from its surplus each year, and may add a Final Additional Bonus when the policy ends.
You pay the entire premium once at purchase, with nothing more to pay after that. If the policyholder dies during the term, the nominee receives: Sum Assured + bonuses. On surviving the full term, the policyholder gets: Sum Assured + accumulated bonuses.
It suits people looking for lump sum investment, savings and one-time payment. NRIs can buy this plan too.
Key Highlights
Benefits Explained Simply
Eligibility & Details
Tax Benefits
- Section 80C deduction (up to 1.5L)
- Maturity tax-free under 10(10D)
Premium Rates (Indicative)
VERIFIED from official LIC Sales Brochure (512N283V03, Oct 2025 print): all 17 sample cells. Single premium in ₹ for BSA of ₹1 lakh, standard lives, exclusive of taxes. Policy term 10 to 25 years (samples published for 10/15/25). Entry 30 days to 65, maturity by 75, min BSA ₹1,00,000. Previous table was unsourced and materially wrong (terms 10/15/20/25, rebate scale 10x too small; real rebate 20/30/40 per mille from 2L/3L/5L).
Source: LIC Official Sales Brochure | Data last verified: 4 July 2026
Who is This Plan Best For?
Frequently Asked Questions
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.