This document summarizes LIC's Single Premium Endowment Plan, a single premium endowment plan with the following key details: - It is a profit-making endowment plan with minimum entry age of 90 days. - Death benefit is sum assured plus bonuses. Maturity benefit is sum assured, bonuses and return of single premium. - Loan is available after one year and amount depends on policy year and term. - Premium paying term is single and policy term ranges from 10-25 years. - Plan provides protection, meets future needs, and participates in profits with liquidity through loans.

1. LIC’s Single Premium Endowment
Plan
Plan No. 817
UIN 512N283V01

2. LIC’s SINGLE PREMIUM ENDOWMENT
PLAN –
Highlights
Single Premium
With Profit Endowment Plan
Minimum Age at entry is 90 days
Loan available after completion of one year
Back dating is allowed

3. Death Benefit
Maturity Benefit
Sum Assured Plus
Simple Reversionary Bonuses Plus
Final Additional
Bonus, if any.
After Commencement of Risk
Before Commencement of
Risk#
Sum Assured plus vested Simple
Reversionary bonuses and final
additional bonus, if any.
Return of Single Premium
excluding taxes and extra
premiums, if any.
# In case the age at entry of Life Assured is less than 8 years, risk will
commence either 2 years from the DOC OR policy anniversary after
completion of 8 years of age whichever is earlier, for others risk shall
commence immediately.
LIC’s SINGLE PREMIUM ENDOWMENT
PLAN

4. Loan
Available after completion of 1 policy year.
Amount of loan will depend on year of Policy and Policy Term.
The maximum loan shall be granted as a percentage of
Surrender Value(SV).
Policy Year →
Term ↓
2 3 6 9 12
13 and
above
Upto 15 yrs 55% 60% 80% 90% 90% 90%
16 to 20 yrs 40% 45% 60% 80% 90% 90%
21 yrs and
above
30% 30% 45% 60% 80% 90%
Some Examples of Loan as a percentage of Surrender Value are given below -
LIC’s SINGLE PREMIUM ENDOWMENT
PLAN

5. Particulars Description
Age at entry
90 days (completed) to 65 years (nearest
birthday)
Age at Maturity 18 to 75 years
Policy Term 10 to 25 years
Premium mode Single Premium only
Basic Sum
Assured
50000 and above ( In multiples of 5000) –
No upper Limit.
Sum
Assured
3,00,000 and
above
2,00,000
to
2,95,000
1,00,000 to
1,95,000
50,000
to
95,000
Rebate (Rs.) 30‰ SA 25‰SA 18‰SA Nil
Rebate for High Sum Assured
Eligibility Conditions and Restrictions
LIC’s SINGLE PREMIUM ENDOWMENT
PLAN

6. The policy can be surrendered at any time during the policy term.
Higher of Guaranteed Surrender Value or Special Value shall be
payable.
Guaranteed Surrender Value(GSV):
1st
Year ~ 70% of Single Premium excluding taxes and extra premium,
if any.
Thereafter ~ 90% of Single Premium excluding taxes and extra
premium, if any.
Plus Surrender Value of vested bonuses.
Special Surrender Value (SSV):
Discounted value of Sum Assured and vested simple reversionary
bonuses
LIC’s SINGLE PREMIUM ENDOWMENT
PLAN

7. S~ Single Premium -One time investment.
P~ Protection -Risk Cover#
for full Sum Assured.
E~ Excellent for meeting educational needs of young ones.
C~ Children from the age of 90 days can be covered.
I~ Ideal for investment planning-Wide range of policy term.
A~ Attractive - participates in profits.
L~ Liquidity through Loan.
Why
LIC’s SINGLE PREMIUM ENDOWMENT PLAN
…………Because it
is SPECIAL