Pays the rider SA on accidental death; on permanent disability, pays the SA in monthly instalments over 10 years and waives all future premiums.
Tick to add this rider — base premium stays unchanged until selected.
Calculators LIC plans Endowment
LIC Single Premium Endowment · Plan 717
Pay once up front, get maturity + bonuses at the end.
Asymmetrica · LIC plan report
LIC Single Premium Endowment · Plan 717
Generated 28 May 2026
In short
LIC Single Premium Endowment (Plan 717) is a participating endowment where the entire premium is paid in one lump sum at inception — no recurring annual premiums. For a 30-year-old buying ₹5 lakh sum assured for 15 years, the single premium is approximately ₹3.34 lakh (₹669/₹1,000 SA). At current SRB of ₹38/₹1,000 SA/yr and FAB ≈ ₹20/₹1,000 SA at 15 yrs (rising sharply to ₹450 at 25 yrs per the standard endowment ladder), the projected 15-yr maturity is approximately ₹6.7 lakh — an XIRR of roughly 5%. Because the full premium is paid upfront, the policy never lapses for non-payment, which is a significant advantage for irregular-income earners.
Default scenario at a glance
Numbers below are computed from the latest declared bonus rate (₹38/1000 SA/yr) for a 30-year-old buying ₹5 lakh sum assured for 15 years (PPT 1). Use the calculator below to change any input.
- Annual premium
- ₹3,34,500
- Total premiums (over PPT)
- ₹3,34,500
- Maturity value i
- ₹7,95,000
- Implicit XIRR i
- 5.9%
- Net gain over premiums
- ₹4,60,500
- Final additional bonus (FAB) i
- ₹10,000
All figures above use LIC's last declared bonus and FAB rates. Bonus rates are reviewed by LIC each year and are not guaranteed for the future — your actual maturity payout may be higher or lower.
Want to verify the XIRR against your actual premium dates? Enter your premiums in the XIRR calculator →
Year-by-year projection (15 years) — show table
| Year | Cumulative premiums | Vested bonus | Death benefit (if claim this year) |
|---|---|---|---|
| 1 | ₹3,34,500 | ₹19,000 | ₹5,19,000 |
| 2 | ₹3,34,500 | ₹38,000 | ₹5,38,000 |
| 3 | ₹3,34,500 | ₹57,000 | ₹5,57,000 |
| 4 | ₹3,34,500 | ₹76,000 | ₹5,76,000 |
| 5 | ₹3,34,500 | ₹95,000 | ₹5,95,000 |
| 6 | ₹3,34,500 | ₹1,14,000 | ₹6,14,000 |
| 7 | ₹3,34,500 | ₹1,33,000 | ₹6,33,000 |
| 8 | ₹3,34,500 | ₹1,52,000 | ₹6,52,000 |
| 9 | ₹3,34,500 | ₹1,71,000 | ₹6,71,000 |
| 10 | ₹3,34,500 | ₹1,90,000 | ₹6,90,000 |
| 11 | ₹3,34,500 | ₹2,09,000 | ₹7,09,000 |
| 12 | ₹3,34,500 | ₹2,28,000 | ₹7,28,000 |
| 13 | ₹3,34,500 | ₹2,47,000 | ₹7,47,000 |
| 14 | ₹3,34,500 | ₹2,66,000 | ₹7,66,000 |
| 15 | ₹3,34,500 | ₹2,85,000 | ₹7,85,000 |
Run the numbers
Premium, maturity, and the year-by-year cash value at the latest declared bonus rate. Toggle the 3-scenario view to see a pessimistic / base / optimistic spread.
Assumptions
- Age
- 30 yrs
- Sum assured
- ₹5,00,000
- Policy term
- 15 yrs
- Premium-paying term
- 1 yrs
- Premium frequency
- yearly
- Bonus scenario
- base (38/1000 SA)
yrs
₹
Policy term
Premium paying term
Premium frequency
Maturity at year 15
₹7,95,000
At base bonus rate (38/1000 SA)
Base annual premium
₹3,34,500
GST-free since 22 Sep 2025
Total paid (over 1 yrs)
₹3,34,500
Implicit XIRR
5.94%
Lower than NIFTY 50; that's expected.
Net gain
₹4,60,500
Maturity value and FAB use LIC's last declared bonus rates. These are reviewed each year and are not guaranteed for the future — actual payouts can be higher or lower.
Bonus assumption:
Optional Riders
Add-ons that increase cover for an extra annual premium—capped at 30% of the base premium. You can pick either ADDB or AB, not both.
0 / 4 active +₹0/yr
Pays the rider SA in lump sum on accidental death within 180 days. Death-only — no disability cover.
Tick to add this rider — base premium stays unchanged until selected.
Lump sum payout on diagnosis of any covered critical illness. Choose between a 15-illness or 40-illness option. Inception-only.
Tick to add this rider — base premium stays unchanged until selected.
For female policyholders only. Covers female-specific illnesses, pregnancy complications and congenital anomalies in the child. Inception-only.
Tick to add this rider — base premium stays unchanged until selected.
Year-by-year cash value (illustrative) What does this mean?
| Year | Total paid | Estimated cash value |
|---|---|---|
| 1 | ₹3,34,500 | ₹19,000 |
| 2 | ₹3,34,500 | ₹38,000 |
| 3 | ₹3,34,500 | ₹57,000 |
| 4 | ₹3,34,500 | ₹76,000 |
| 5 | ₹3,34,500 | ₹95,000 |
| 6 | ₹3,34,500 | ₹1,14,000 |
| 7 | ₹3,34,500 | ₹1,33,000 |
| 8 | ₹3,34,500 | ₹1,52,000 |
| 9 | ₹3,34,500 | ₹1,71,000 |
| 10 | ₹3,34,500 | ₹1,90,000 |
| 11 | ₹3,34,500 | ₹2,09,000 |
| 12 | ₹3,34,500 | ₹2,28,000 |
| 13 | ₹3,34,500 | ₹2,47,000 |
| 14 | ₹3,34,500 | ₹2,66,000 |
| 15 | ₹3,34,500 | ₹7,95,000 |
Our take
Should you buy Single Premium Endowment?
Plan 717 solves the affordability-of-regular-premiums problem by front-loading the entire premium into one payment. Once paid, the policy is fully in force for the chosen term with no further obligations — no risk of lapse, no modal loadings, no need to remember annual due dates. This makes it attractive for anyone who receives periodic large payouts (bonus, sale proceeds, inheritance) and wants to deploy that capital into a tax-efficient guaranteed-return vehicle. The single premium also qualifies for §80C (subject to the 10% SA condition), and the loan facility is available from as early as three months into the policy.
- No recurring premium means no lapse risk — once the single premium is paid, the policy is fully in force regardless of future income disruptions.
- The single premium typically delivers a higher XIRR than equivalent annual-premium plans because the entire corpus earns SRB from day one rather than building up over years.
- §80C benefit is available for the single premium in the year of payment, up to ₹1.5L limit (and subject to the 10% SA condition for maturity exemption under 10(10D)).
- Loan available from just 3 months — faster than any regular-pay plan; useful as a liquidity bridge.
- The single premium per ₹1,000 SA varies significantly by term: it is approximately ₹781/1000 for a 10-yr policy and drops to ₹507/1000 for a 25-yr policy (age 30). Our calculator defaults to the 15-yr specimen; actual premium will differ by term selected.
- No modal payment options — quarterly or monthly payment is not available. This is a one-and-done transaction.
Asymmetrica isn't an insurance advisor. The opinions above are editorial; the numbers in the calculator are computed from the plan's own brochure. Read both, then decide.
Deep dives
More on Single Premium Endowment
-
Full review
Who it works for, who it doesn't, what tends to go wrong over the term, and how our take compares with other reviewers.
-
Surrender value
Year-by-year GSV vs SSV table for the default scenario, with plan-specific notes on when exiting actually breaks even.
-
Tax treatment
§80C eligibility, §10(10D) maturity exemption, the 10× SA rule, and how each clause applies to a typical buyer of this plan.
Plan reference
Eligibility & limits
- Category
- Endowment
- UIN / plan number
- 717
- Plan status
- Active for sale
- Snapshot date
- 26 Apr 2026
Entry age, term and sum-assured bands are on the official plan page; we'll mirror them here once the per-plan facts are extracted.
Paid-up value
Stop premiums after at least 2 full years and the policy stays in force as a paid-up policy at a reduced sum assured. Already-vested bonuses are preserved; no new bonuses accrue.
Policy loan
Once the policy has a surrender value (typically year 3), you can borrow up to 90% of it from LIC at the prevailing policy-loan rate — short-term liquidity without giving up the policy's bonuses.
Sources
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