LIC Single Premium Endowment Calculator (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. Compare this with our LIC premium calculator for other payment options and our LIC maturity calculator to estimate your final benefits. 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.

• 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.

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

1. 1

   Enter Your Details

   Input your age, desired policy term, and the Sum Assured you want.

2. 2

   Click 'Calculate'

   The tool instantly computes your one-time premium, including applicable taxes.

3. 3

   View Your Returns

   The calculator projects your estimated maturity value, including the Sum Assured, vested bonuses, and a potential Final Additional Bonus (FAB).

The Internal Rate of Return (IRR) is the effective annual return on your investment. Here's a worked-out example. Compare these returns with our FD vs PPF calculator to see how this stacks up against fixed deposits and Public Provident Fund options.

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

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

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'.

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.

The plan offers tax benefits, but with an important condition for maturity. Optimize your tax strategy using our tax regime calculator to compare this with other investment options.

• 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.

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.

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.

For detailed comparisons, use our FD vs PPF calculator, explore our PPF calculator, check the LIC Jeevan Labh calculator for recurring premium options, or visit the main LIC premium calculator page for all plan options.