Combines protection + savings with lump sum payout at maturity or death benefit during the term.
The essentials
LIC’s Single Premium Endowment Plan is a Par, Non-Linked, Individual Savings Life Insurance Plan that combines life protection with long-term savings. With a single one-time premium, the policy provides financial protection during the policy term and an opportunity to participate in LIC’s profits through bonuses, if declared.
| Parameter | Details |
|---|---|
| Plan Type | Par, Non-Linked, Individual Savings Life Insurance Plan |
| Plan Number | 717 |
| Maturity Benefit | Basic Sum Assured + applicable vested bonuses and Final Additional Bonus, if any |
| Bonus Eligibility | Simple Reversionary Bonus and Final Additional Bonus, if declared |
| Premium Payment Modes | Single payment only |
| Minimum Basic Sum Assured | 1,00,000 |
| Maximum Basic Sum Assured | No limit, subject to LIC conditions |
Take the first step today. Our IRDAI-certified advisors will guide you through the entire process — from plan selection to policy issuance.