endowment
LIC's Single Premium Endowment Plan
Plan 717UIN 512N283V03
LIC's Single Premium Endowment Plan is a current endowment product listed on the official LIC India product index.
- Plan type: endowment
- Plan number: 717
endowment
LIC's New Endowment Plan
Plan 714UIN 512N277V03
A participating individual life insurance savings plan currently listed by LIC.
At a glance
Key highlights
Plan type
Endowment
Plan number
714
Who should consider this plan?
long term savings, family protection
Eligibility and policy information
| minimum Entry Age | 8 years (completed) |
|---|---|
| maximum Entry Age | 50 years (nearer birthday) |
| minimum Maturity Age | 20 years (completed) |
| maximum Maturity Age | 75 years (nearer birthday) |
| policy Term | 12 years |
| premium Paying Term | 35 |
| minimum Sum Assured | ` 200,000 |
| maximum Sum Assured | No Limit |
| Premium modes | Yearly, Half-Yearly, Quarterly, Monthly |
| Loan available | Yes |
| Surrender available | No |
Benefits and riders
Death benefit
Death benefit payable in case of death of the Life Assured during the policy term provided the policy is in-force (i.e. all due premiums have been paid) shall be “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional bonus, if any. Where, “Sum Assured on Death” is defined as higher of Basic Sum Assured or 7 times of annualized premium. This death benefit shall not be less than 105% of total premiums paid upto the date of death. Where, i. "Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. In case LIC’s Premium Waiver Benefit Rider is opted for, in the
Maturity benefit
On Life Assured surviving the policy term, provided the policy is in-force, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where, “Sum Assured on Maturity” is equal to Basic Sum Assured. C. Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in-force. In case the premiums are not duly paid, the policy shall cease to participate in future profits irrespective of whether or not the policy has acquired paid-up value. Simple Reversionary Bonuses shall be declared annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan on such terms and conditio
Official documents
Product source on the Official LIC Website (opens in a new tab)
Important disclaimer
Please refer to the official LIC brochure and policy document for complete terms, conditions, exclusions and current availability.
Last verified: 2026-08-01
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