Plan 914LIC's New Endowment Plan
The classic savings-and-protection policy
- Guaranteed maturity benefit with bonuses
- Death benefit of at least 105% of premiums paid
- Optional accident and disability rider
- Loan and surrender value after two full years
Single Premium Endowment Plan
One-time payment, guaranteed maturity
A participating savings plan where you pay once and stay covered for the full term, receiving the sum assured plus accrued bonuses at maturity.
Who it suits: People with a lump sum in hand who want it locked into a safe, insured savings instrument.
- Endowment
- One-time payment, guaranteed maturity
- Maturity Benefit
LIC plan reference: 917
Eligibility at a glance
- Entry age
- 90 days to 65 years
- Maturity age
- Up to 75 years (plan dependent)
- Sum assured
- ₹50,000 and above
- Policy term
- 10 to 25 years
- Premium modes
- Yearly, half-yearly, quarterly, monthly (NACH) and salary savings scheme
Key benefits
- Single premium — no renewal reminders to track
- Sum assured plus vested simple reversionary bonus and final additional bonus at maturity
- Loan facility available after three months
- Life cover from day one for the whole term
Estimate your Single Premium Endowment Plan premium and maturity value
LIC Premium & Maturity Calculator
Estimates from publicly published LIC rate tables. Not a quotation.
- Yearly premium
- ₹3,33,591
- First instalment
- ₹3,33,591
- Renewal instalment
- ₹3,33,591
- Total outgo over the term
- ₹50,03,865
- Estimated maturity value
- ₹8,90,000
- Indicative surrender value (mid-term)
- ₹10,67,491
Figures exclude underwriting loading and high sum assured rebates. Bonus-linked maturity values are projections, not guarantees.
Want an exact LIC illustration?
Your estimate is ready. For an official quotation and a suitability discussion on Single Premium Endowment Plan:
This plan may not be ideal if…
- You need the maximum possible life cover for the lowest premium — a term assurance plan does that better.
- You may need the money back within the first few years; early surrender values are low.
- You expect market-linked returns; participating LIC returns are steadier but more modest.
- Your income is irregular and you cannot commit to the full premium paying term.
Frequently asked questions
Get advice on Single Premium Endowment Plan
Send your age and budget and you will get an official LIC quotation plus an honest view on whether this plan is the right fit.
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This page describes Single Premium Endowment Plan in our own words, based on LIC's published product literature. For the binding terms, always refer to the official policy document issued by Life Insurance Corporation of India.