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Single Premium Endowment Plan 
Plan No. 817 
PRESENTED BY: - 
SUMEET PAWAR 
( INSURANCE ADVISOR) 
CONTAC TS: - 
(+91) 7738546484 
(+91) 9773757120
Features 
LIC's Single Premium Endowment Plan is a 
participating non-linked savings cum protection 
plan, where premium is paid in lump sum at the 
outset of the policy. This combination provides 
financial protection against death during the policy 
term with the provision of payment of lumpsum at 
the end of the selected policy term in case of his/her 
survival. This plan also takes care of liquidity needs 
through its loan facility.
Benefit 
 Death Benefit: (deal with sudden financial crisis) 
a) On death during the policy term before the date of 
commencement of risk: Return of single premium 
excluding service tax and extra premium, if any, 
without interest…………………………………………………... 
b) On death during the policy term after the date of 
commencement of risk: Sum Assured along with 
vested Simple Reversionary Bonuses and Final 
Additional Bonus, if any………………………………………..
Benefit 
 Maturity Benefit: (Term-End Benefit) 
a) Sum Assured, along with vested Simple Reversionary 
Bonuses and Final Additional Bonus, if any, shall be 
payable……………………………………………………………………… 
b) 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…………………………………………………………. 
c) Final (Additional) Bonus may also be declared under 
the policy in the year when the policy results into a claim 
either by death or maturity on such terms and conditions 
as may be declared by the Corporation from time to time.
Benefit Illustration 
Details Value 
Age 30 years 
Term 25 years 
Premium Paying Term Single 
Sum Assured Rs 50,000 
Single Premium Paid (incl. Service Tax) Rs 24,273 
Simple Vested Reversionary Bonus Rs 60,000 
Final Bonus Rs 12,500 
TOTAL Maturity Amount Rs 1,22,500 
Notes : 
This illustration is applicable to a non-smoker male/female standard (from medical, life style and 
occupation point of view) life. 
In preparing this benefit illustration it is assumed that the Projected CAGR ie Compounded Annual Growth 
Returns will be 6% p.a. to 10% p.a., as the case may be. The Projected CAGR is not guaranteed.
Eligibility Conditions & Other Restrictions 
Details Value 
Minimum Entry Age 90 days (completed) 
Maximum Entry Age 65 years (nearest birthday) 
Maximum Maturity Age 75 years (nearest birthday) 
Minimum Policy Term 10 years 
Minimum Age at Maturity 18 years (completed) 
Maximum Policy Term 25 years 
Minimum Sum Assured Rs 50,000 
Maximum Sum Assured No Limit 
Sum Assured will be in multiple of Rs 5,000 
Premium Payment Mode Single
Date of Commencement of Risk 
In case the age of Life Assured at entry is less than 8 
years, risk under this plan will commence either 2 
years from the date of commencement or from the 
policy anniversary coinciding with or immediately 
following the attainment of 8 years of age, whichever 
is earlier. For those aged 8 years or more, risk will 
commence immediately.
Sample Premium Rates 
Single Premium per 1000 Sum Assured 
Age Terms 
10 years 15 years 25 years 
10 756.90 640.30 463.10 
20 757.60 641.55 465.85 
30 757.95 642.60 470.90 
40 759.75 647.65. 488.35 
50 766.05 662.25 527.35 
60 777.50 688.60 -
Rebate for High Sum Assured 
Sum Assured (in Rs) Rebate (in Rs) 
50,000 to 95,000 Nil 
1, 00,000 to 1, 95,000 18%o S.A. 
2, 00,000 to 2, 95,000 25%o S.A. 
3, 00,000 and above 30%o S.A.
Loan 
Loan can be availed under this plan any time after 
completion of first policy year and subject to terms 
and conditions as the company may specify from 
time to time.
Surrender Value 
Buying a lifeinsurance contract is a long term commitment. 
However, surrender value is available under the plan on 
earlier termination of the contract. 
The Guaranteed Surrender Value allowable shall be as under: 
 First year: 70% of the Single premium excluding service tax 
and extra premium, if any. 
 Thereafter: 90% of the Single premium excluding service tax 
and extra premium, if any. 
In addition, the surrender value of vested simple reversionary 
bonuses, if any, shall also be payable, which is equal to vested 
bonuses multiplied by the surrender value factor applicable to 
vested bonuses. These factors will depend on the policy term 
and policy year in which the policy is surrendered.
Cooling-off Period 
If the policyholder is not satisfied with the “Terms and 
Conditions” of the policy, the policy may be returned 
to the Corporation within 15 days from the date of 
receipt of the policy stating the reason of objections. 
On receipt of the same the Corporation shall cancel 
the policy and return the amount of single premium 
deposited after deducting the proportionate risk 
premium for the period on cover, charges for medical 
examination, special reports, if any, and stamp duty.
Claims Settlement Report of all Life 
Insurance Companies in India (IRDA Annual Report 2012-13)
Contact Us

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Single premium endowment

  • 1. Single Premium Endowment Plan Plan No. 817 PRESENTED BY: - SUMEET PAWAR ( INSURANCE ADVISOR) CONTAC TS: - (+91) 7738546484 (+91) 9773757120
  • 2. Features LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.
  • 3. Benefit  Death Benefit: (deal with sudden financial crisis) a) On death during the policy term before the date of commencement of risk: Return of single premium excluding service tax and extra premium, if any, without interest…………………………………………………... b) On death during the policy term after the date of commencement of risk: Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any………………………………………..
  • 4. Benefit  Maturity Benefit: (Term-End Benefit) a) Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable……………………………………………………………………… b) 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…………………………………………………………. c) Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity on such terms and conditions as may be declared by the Corporation from time to time.
  • 5. Benefit Illustration Details Value Age 30 years Term 25 years Premium Paying Term Single Sum Assured Rs 50,000 Single Premium Paid (incl. Service Tax) Rs 24,273 Simple Vested Reversionary Bonus Rs 60,000 Final Bonus Rs 12,500 TOTAL Maturity Amount Rs 1,22,500 Notes : This illustration is applicable to a non-smoker male/female standard (from medical, life style and occupation point of view) life. In preparing this benefit illustration it is assumed that the Projected CAGR ie Compounded Annual Growth Returns will be 6% p.a. to 10% p.a., as the case may be. The Projected CAGR is not guaranteed.
  • 6. Eligibility Conditions & Other Restrictions Details Value Minimum Entry Age 90 days (completed) Maximum Entry Age 65 years (nearest birthday) Maximum Maturity Age 75 years (nearest birthday) Minimum Policy Term 10 years Minimum Age at Maturity 18 years (completed) Maximum Policy Term 25 years Minimum Sum Assured Rs 50,000 Maximum Sum Assured No Limit Sum Assured will be in multiple of Rs 5,000 Premium Payment Mode Single
  • 7. Date of Commencement of Risk In case the age of Life Assured at entry is less than 8 years, risk under this plan will commence either 2 years from the date of commencement or from the policy anniversary coinciding with or immediately following the attainment of 8 years of age, whichever is earlier. For those aged 8 years or more, risk will commence immediately.
  • 8. Sample Premium Rates Single Premium per 1000 Sum Assured Age Terms 10 years 15 years 25 years 10 756.90 640.30 463.10 20 757.60 641.55 465.85 30 757.95 642.60 470.90 40 759.75 647.65. 488.35 50 766.05 662.25 527.35 60 777.50 688.60 -
  • 9. Rebate for High Sum Assured Sum Assured (in Rs) Rebate (in Rs) 50,000 to 95,000 Nil 1, 00,000 to 1, 95,000 18%o S.A. 2, 00,000 to 2, 95,000 25%o S.A. 3, 00,000 and above 30%o S.A.
  • 10. Loan Loan can be availed under this plan any time after completion of first policy year and subject to terms and conditions as the company may specify from time to time.
  • 11. Surrender Value Buying a lifeinsurance contract is a long term commitment. However, surrender value is available under the plan on earlier termination of the contract. The Guaranteed Surrender Value allowable shall be as under:  First year: 70% of the Single premium excluding service tax and extra premium, if any.  Thereafter: 90% of the Single premium excluding service tax and extra premium, if any. In addition, the surrender value of vested simple reversionary bonuses, if any, shall also be payable, which is equal to vested bonuses multiplied by the surrender value factor applicable to vested bonuses. These factors will depend on the policy term and policy year in which the policy is surrendered.
  • 12. Cooling-off Period If the policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to the Corporation within 15 days from the date of receipt of the policy stating the reason of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of single premium deposited after deducting the proportionate risk premium for the period on cover, charges for medical examination, special reports, if any, and stamp duty.
  • 13. Claims Settlement Report of all Life Insurance Companies in India (IRDA Annual Report 2012-13)