LIC’s Single Premium Endowment Plan Calculator
UIN: 512N283V03 | Plan No: 817
Par, Non-Linked, Life, Individual, Savings Plan
Enter Policy Details
Single Premium Details
Base Premium
₹0
Before rebate & GST
After Rebate
₹0
With High SA rebate
Total Premium
₹0
Includes GST @ 4.5%
Protection Coverage
Sum Assured on Death
₹0
Higher of SA or 125%/110% Premium
Maturity Benefit
₹0
Basic Sum Assured + Bonuses
For ages 50+: Death SA = Higher of (BSA or 1.10× Premium)
Estimated Total Returns at Maturity
Policy Loan Facility
Loan available after 3 months from policy issuance:
Policy Year 1-5
50% of SV
Policy Year 6-9
60% of SV
Policy Year 10+
80% of SV
Interest Rate (2024-25)
9.5% p.a.
Key Features of LIC’s Single Premium Endowment Plan
Pay once and get lifelong protection with guaranteed maturity benefit
125% of premium for ages below 50, 110% for ages 50+
Simple Reversionary Bonuses + Final Additional Bonus
Choose policy term from 10, 15, 20, or 25 years
Available after 3 months at competitive rates
Get rebates up to ₹0.40 per ₹1000 of Sum Assured
Important Notes
- • This calculator provides estimated values based on sample premium rates from official LIC brochure
- • Bonus illustrations are estimates at 4% and 8% p.a. – actual bonuses declared by LIC may vary
- • Premium rates shown are for standard lives only. Medical conditions may attract extra premium
- • GST @ 4.5% is applicable on single premium as per current tax rates
- • High Sum Assured rebates: ₹20/lakh (₹2L-3L), ₹30/lakh (₹3L-5L), ₹40/lakh (₹5L+)
- • Minimum entry age: 30 days | Maximum entry age: 65 years (nearer birthday)
- • Maximum maturity age: 75 years (nearer birthday)
- • Free look period: 30 days from receipt of policy document
- • Tax benefits as per prevailing Income Tax laws
- • Settlement option available to receive maturity/death benefit in instalments
When you want a simple, one-time investment that provides life cover and a guaranteed lump sum at maturity, LIC’s Single Premium Endowment Plan (Plan 717) stands out as one of the most convenient solutions. You pay just one premium, stay protected throughout the policy term, and receive a lump sum maturity amount plus bonuses if you survive the term.
This article breaks down how the plan works, and how a Single Premium Endowment Calculator can help you estimate premiums, benefits, surrender values, and returns, all in a way that feels simple and practical.
What Is LIC Single Premium Endowment Plan (Plan 717)?
According to LIC, this is a “Par, Non-Linked, Life, Individual Savings Plan” that combines protection + savings in a single one-time premium payment. The key attraction is that you get life cover immediately after risk commencement and receive a guaranteed lump sum along with bonuses at maturity.
This plan is ideal for anyone who wants:
- No yearly premium burden
- Long-term savings
- Life insurance coverage
- Bonus accumulation
Key Feature
- Single premium only – pay once, stay covered for 10–25 years.
- Life cover + savings in one plan.
- Flexible term selection based on how long you want protection.
- Optional riders like Accident Benefit or Term Rider.
- High Sum Assured Rebates (reduced premium for higher SA).
- Loan facility after 3 months or free-look expiry.
- Option to receive maturity or death benefit in instalments.
This plan is a great fit for someone who wants a lump-sum investment, guaranteed protection, and long-term returns with LIC’s bonus structure.
LIC Plan 717 Calculator: What It Helps You Estimate
A good LIC Single Premium Endowment Calculator can instantly show you:
Single Premium Amount
Based on your age, policy term, and Basic Sum Assured.
The brochure includes sample single premium rates for ₹1 lakh SA.
Maturity Value
You receive:
Basic Sum Assured + vested Simple Reversionary Bonus + Final Additional Bonus
Death Benefit
For those aged below 50:
Higher of Basic SA or 1.25 × Single Premium
For those aged 50 or above:
Higher of Basic SA or 1.10 × Single Premium
Surrender Value
Guaranteed Surrender Value:
- 75% of the single premium in the first 3 years
- 90% thereafter
Plus vested bonus surrender value.
Loan Eligibility
Loan available after 3 months, up to 80% of surrender value after year 10.
(Page 8)
Sample Premium Table from LIC Brochure (₹1,00,000 SA)
| Age | Term 10 | Term 15 | Term 25 |
|---|---|---|---|
| 10 | ₹77,910 | ₹66,650 | ₹50,005 |
| 20 | ₹77,985 | ₹66,775 | ₹50,255 |
| 30 | ₹78,010 | ₹66,865 | ₹50,695 |
| 40 | ₹78,180 | ₹67,335 | ₹52,340 |
| 50 | ₹78,800 | ₹68,800 | ₹56,160 |
| 60 | ₹79,965 | ₹71,405 | – |
High Sum Assured Rebate Table
| Basic Sum Assured | Rebate on Premium |
|---|---|
| ₹1,00,000–1,99,999 | No rebate |
| ₹2,00,000–2,99,999 | 20‰ of BSA |
| ₹3,00,000–4,99,999 | 30‰ of BSA |
| ₹5,00,000 and above | 40‰ of BSA |
Eligibility & Policy Conditions
Age at Entry
- Min: 30 days
- Max: 65 years
Maturity Age
- Max: 75 years
Policy Term
- 10–25 years
Minimum Sum Assured
₹1 lakh (no upper limit)
Risk Commencement
- Below 8 years: risk starts after 2 years or on turning 8
- 8+ years: risk starts immediately
Benefits Explained Simply
1. Death Benefit
If the life assured dies after risk commencement but before maturity, LIC pays:
Sum Assured on Death + Vested Bonuses + Final Additional Bonus
Sum Assured on Death =
- Below age 50: Max(BSA, 1.25 × Single Premium)
- Age 50+: Max(BSA, 1.10 × Single Premium)
2. Maturity Benefit
If the life assured survives the full term:
Basic Sum Assured + SR Bonuses + FAB
3. Participation in Profits
Since this is a par plan, LIC declares Simple Reversionary Bonuses each year.
4. Settlement Option
Receive maturity or death benefit in 5, 10, or 15-year instalments.
LIC Single Premium Endowment Plan Summary
| Feature | Details |
|---|---|
| Premium Type | Single premium only |
| Policy Term | 10–25 years |
| Sum Assured | Min ₹1 lakh, no max |
| Risk Start | Immediate for age 8+, deferred for minors |
| Death Benefit | BSA or 1.25x/1.10x premium + bonuses |
| Maturity Benefit | BSA + bonuses + FAB |
| Bonus Type | Simple Reversionary + Final Additional Bonus |
| Loan | Yes, after 3 months |
| Surrender | 75% then 90% + bonus value |
| Riders | Accident Benefit, Term Rider |
| Settlement Option | Yes, instalments for 5/10/15 years |
Final Thoughts
LIC Single Premium Endowment Plan (717) is a low-maintenance, long-term savings-cum-protection plan that appeals to investors who prefer a one-time premium, steady bonus growth, and reliable maturity payout.
A good Single Premium Endowment Calculator can help you visualise your investment, estimate returns, compare terms, and choose the right Sum Assured, all based on LIC’s official parameters.
Disclaimer
All information, premium examples, calculation inputs, benefit descriptions, bonus structures, eligibility rules, and policy features mentioned in this article and the LIC Single Premium Endowment Plan (Plan 717) Calculator are strictly based on the official LIC Sales Brochure and policy documentation. This includes details such as death benefit rules, maturity calculations, surrender value percentages, loan conditions, bonus eligibility, rider options, and premium tables sourced directly from the LIC brochure.
While every effort has been made to ensure accuracy, actual policy values may vary based on LIC’s underwriting, bonus declarations, policy updates, and individual circumstances. Users are strongly advised to consult the official LIC document and speak with an authorised LIC agent before making any financial or insurance-related decisions.
BimaCalculator.com provides tools and information solely for educational and illustrative purposes and does not replace official insurer guidelines or professional advice.
Faq – LIC Single Premium Endowment Plan 717
What is the LIC Single Premium Endowment Plan (717)?
It is a participating, non-linked, single-premium savings plan that provides life cover throughout the policy term and pays a lump-sum maturity benefit along with bonuses. You pay only one premium at the start of the policy.
How does the Single Premium Endowment Calculator help?
The calculator estimates:
Single premium amount
Maturity benefit (Sum Assured + bonuses + FAB)
Death benefit
Surrender value
Bonus accumulation
It simplifies decision-making by giving clear, quick projections based on LIC rules.
What is the maturity benefit under Plan 717?
If the policyholder survives the term, LIC pays:
Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus (if declared).
What is the death benefit in this plan?
If death occurs after commencement of risk but before maturity, LIC pays:
Sum Assured on Death + Bonuses + Final Additional Bonus
Sum Assured on Death is:
Below age 50: higher of Basic SA or 1.25 × Single Premium
Age 50 or above: higher of Basic SA or 1.10 × Single Premium
What is the minimum and maximum age to buy this plan?
Minimum entry age: 30 days
Maximum entry age: 65 years
Maximum maturity age: 75 years
When does the risk cover start?
For children under 8 years: risk starts after 2 years or on attaining age 8, whichever occurs earlier.
For ages 8 years and above: risk starts immediately.
Can I surrender the policy?
Yes. You can surrender at any time after the policy is issued.
Guaranteed Surrender Value is:
75% of Single Premium in the first 3 years
90% of Single Premium thereafter
Plus bonus surrender value (if applicable).