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LIC — Endowment Plans
LIC's Single Premium Endowment Plan (Plan 717)
Premium
Single Premium
Sum Assured
₹1 Lakh - No Limit
Term
10-25 Years
Premium Paying
Single Premium Only
Key Features
Pay once, stay covered for full term
No regular premium payment required
Participation in profits - bonuses applicable
Loan facility available after 1 year
Ideal for lump sum investors
Tax benefits under Section 80C & 10(10D)
No medical examination required up to certain limits
Benefits
Maturity Benefit
Sum Assured on Maturity + Vested Simple Reversionary Bonuses + Final Additional Bonus
Death Benefit
Higher of 7x Single Premium or 125% of Basic SA + Vested Bonuses
Available Riders
Accident Benefit Rider
Eligibility
Age: 8-65 years, Min SA ₹1 Lakh, Min Premium ₹30,000
Highlights
One-time payment endowment plan - no monthly premium hassle