What is the difference between LIC Single Premium Endowment Plan 917 and 717?

There is no major difference. Plan 717 was the offline version, and Plan 917 (and previously 817) are the online versions. The underlying structure and benefits are identical. Our LIC single premium endowment plan calculator online free applies to all these plan numbers.

What is the return on a ₹5 lakh / ₹10 lakh single premium policy?

For a ₹5 Lakh policy with a 15-year term, the maturity is around ₹8.62 Lakh (IRR ~5.3%). For a ₹10 Lakh policy over 20 years, the maturity could be around ₹19 Lakh. Our LIC single premium 10 lakh return calculator can give you a precise estimate based on your age and term.

Is the maturity of LIC single premium plan tax-free under 10(10D)?

Yes, but with a critical condition for its tax benefit: the maturity is tax-free only if the Sum Assured is at least 10 times the single premium you paid. If the premium is higher relative to the Sum Assured, the proceeds may become taxable.

What is the IRR of LIC Single Premium Endowment Plan?

The Internal Rate of Return (IRR) for this plan typically ranges from 5% to 6%, depending on the policyholder's age and the chosen term. This return is often tax-free, making it competitive.

LIC single premium vs LIC Jeevan Labh — which is better?

Choose the Single Premium plan if you have a lump sum and want a one-time, hassle-free investment. Choose Jeevan Labh if you prefer to pay premiums over a limited period (like 10-16 years) for a long-term goal. Jeevan Labh requires disciplined payments but a smaller initial outlay.

What is the surrender value calculation method?

The surrender value is the higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV). The GSV is a percentage of premiums paid (75% in year 1, 90% thereafter). The SSV is a more favorable value determined by LIC that also includes a portion of vested bonuses.

Is LIC Single Premium better than FD or PPF?

It depends on your goal. It's better than an FD for those in higher tax brackets due to its tax-free returns. It's better than PPF if you have a lump sum to invest instead of making yearly contributions and need life insurance cover included.

LIC Single Premium Endowment Calculator (Plan 917/717/817)

Looking for a secure one-time investment that offers guaranteed returns, insurance coverage, and tax benefits? The LIC Single Premium Endowment Plan is a popular choice. Use our free LIC Single Premium Endowment Calculator to see exactly what you'll pay and what you could get back.

What is LIC Single Premium Endowment Plan (917/717/817)?

The LIC Single Premium Endowment Plan (UIN: 512N283V03) is a straightforward savings-cum-protection plan where you pay the premium only once at the start of the policy. It's a hassle-free, one-time investment that provides a combination of guaranteed savings and life insurance coverage. At the end of the policy term, you receive a lump sum maturity amount, and your family is protected with a death benefit throughout the term. It's an ideal solution for those who have a lump sum amount and want to secure it for a future goal.

Key Features, Eligibility & Tax Benefits

Entry Age: 90 days (completed) to 65 years
Policy Term: 10 to 25 years
Premium Payment: Single Pay Only
Sum Assured: Minimum ₹50,000 (No upper limit)
Riders: Accidental Death & Disability Benefit Rider and a New Term Assurance Rider are available.
Tax Benefits: Premium paid can be claimed under Section 80C. Maturity may be tax-free under Section 10(10D) subject to conditions.

LIC Single Premium Endowment Calculator – How It Works

Our free online calculator simplifies the process of understanding this plan. It's quick, accurate, and easy to use:

1
Enter Your Details
Input your age, desired policy term, and the Sum Assured you want.
2
Click 'Calculate'
The tool instantly computes your one-time premium, including applicable taxes.
3
View Your Returns
The calculator projects your estimated maturity value, including the Sum Assured, vested bonuses, and a potential Final Additional Bonus (FAB).

LIC Single Premium IRR (Return %)

The Internal Rate of Return (IRR) is the effective annual return on your investment. Here’s a worked-out example:

Example IRR Calculation:

One-Time Premium: ₹2.87 lakh
Maturity Value: ₹8.62 lakh (after 15 years)
Effective IRR: ~5.3% per annum (tax-free).
This directly answers 'LIC single premium return calculator' queries by showing the real, compounded return.

LIC Single Premium Endowment Maturity Chart

The table below provides illustrative maturity values and IRRs for different Sum Assured amounts and terms.

Sum Assured	Premium (approx)	Term	Maturity (approx)	IRR
₹5 Lakh	₹2.87L	15Y	₹8.62L	5.3%
₹10 Lakh	₹5.8L	20Y	₹19L	5.5%
₹25 Lakh	₹14.5L	25Y	₹52L	5.6%
₹1 Crore	₹58-60L	20Y	₹1.9–2 Cr	5.7%

LIC Single Premium Bonus Rate Chart (Past 5 Years)

Bonus rates are declared annually by LIC and are a key component of your returns. While not guaranteed, historical rates offer a strong indication.

Financial Year	Bonus per ₹1,000 SA (Avg.)
2023-24	₹44
2022-23	₹42
2021-22	₹41
2020-21	₹40
2019-20	₹40

High Sum Assured Example (1 Crore Policy)

This plan is also suitable for high-net-worth individuals looking for a safe, one-time investment. This helps target searches like 'LIC 1 crore single premium plan'.

Scenario: ₹1 Crore Sum Assured

Inputs: Age: 35, Term: 20 years, Sum Assured: ₹1 Crore.
Single Premium: Approx. ₹58-60 Lakhs (one-time).
Estimated Maturity: ~₹1.9 to ₹2.0 Crore (tax-free, if SA ≥ 10× premium).

Surrender Value Explained

You can surrender the policy after one full year. The value you receive depends on two factors:

Guaranteed Surrender Value (GSV): A percentage of the single premium paid (excluding riders/taxes). It's 75% in the first year and 90% thereafter.
Special Surrender Value (SSV): This is a higher value that also depends on the vested bonuses and is determined by LIC based on their performance.

Surrender Value Example

If you paid a ₹5 Lakh premium and surrender the policy after 5 years, your surrender value might be around ₹3.2 Lakh (illustrative). This provides a liquidity option if needed.

Tax Benefits — 80C & 10(10D) Caveat

The plan offers tax benefits, but with an important condition for maturity.

Section 80C: Premiums paid qualify for deduction up to ₹1.5 Lakh.
Section 10(10D): Maturity is tax-free only if the Sum Assured is at least 10 times the single premium paid.

Taxability Example

If your single premium for a ₹5 Lakh Sum Assured is ₹3.5 Lakh, the Sum Assured is not 10 times the premium. In such cases, the maturity proceeds could become taxable. Always check this ratio before investing.

Benefits vs. Drawbacks of This Plan

✅ Benefits	❌ Drawbacks
One-time, hassle-free premium payment.	Returns are modest (may not beat high inflation).
Guaranteed lump sum maturity plus life cover.	Requires a large upfront premium payment.
Tax benefits under 80C and potentially 10(10D).	Low liquidity in the early years of the policy.
Loan and surrender facility available for liquidity.	Not a high-growth instrument for aggressive investors.

Can NRIs Invest in LIC Single Premium Endowment Plan?

Yes, Non-Resident Indians (NRIs) can absolutely invest in this plan, making it a very popular choice for those looking to invest a lump sum in a secure, India-based instrument. The investment must be made in Indian Rupees (INR) and is subject to FEMA regulations. This is a great way for NRIs to participate in a guaranteed savings plan in India with a single, straightforward payment.

Who Should Buy This Plan?

This plan is not for everyone, but it's an excellent fit for specific profiles:

Risk-Averse Investors: Individuals who prioritize capital safety over high returns.
Those with Lump Sum Funds: Perfect for retirees with a corpus, people who received a bonus, or NRIs looking to invest a one-time amount in India.
Goal-Based Planners: Parents or grandparents planning for a child's future education or marriage with a fixed, one-time investment.

LIC Single Premium Endowment vs. Other Investments

Feature	LIC Single Premium	Fixed Deposit	PPF	LIC Jeevan Labh
Payment	One-Time	One-Time	Recurring Yearly	Limited Recurring
Returns	~5-6% (Tax-Free*)	~7% (Taxable)	~7.1% (Tax-Free)	~5.5% (Tax-Free)
Risk	Sovereign Guarantee	Low (Bank Risk)	Sovereign Guarantee	Sovereign Guarantee
Insurance	Yes	No	No	Yes
Liquidity	Low (Loan after 1 yr)	High (with penalty)	Very Low (15-yr lock-in)	Low (Loan after 2 yrs)

For more detailed comparisons, check out our LIC Jeevan Labh Calculator or the main LIC Premium Calculator page.

Frequently Asked Questions (FAQ)

Secure Your Future with One Smart Payment

The LIC Single Premium Endowment Plan offers a unique blend of safety, savings, and security in a single, hassle-free payment. It's a powerful tool for achieving specific financial goals without the burden of yearly commitments. Use our LIC Single Premium Endowment Calculator online free now and get instant premium & maturity estimates tailored for you.

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