LIC's Single Premium Endowment Plan is a single premium, participating endowment plan that provides maturity benefits equal to the sum assured plus simple reversionary bonuses plus a final additional bonus, if any. In the event of death after commencement of risk, the sum assured plus vested bonuses are payable. The minimum entry age is 90 days, with a maximum policy term of 25 years. A loan is available after one policy year at a percentage of the surrender value. The plan allows for a single premium payment and participation in profits through bonuses.