LIC · Savings · Endowment
Single Premium Endowment Plan
A savings-cum-protection plan funded with one lump-sum payment upfront, paying out a guaranteed sum plus bonuses either at maturity or on earlier death.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Traditional
CategoryEndowment
InsurerLIC
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A savings-cum-protection plan funded with one lump-sum payment upfront, paying out a guaranteed sum plus bonuses either at maturity or on earlier death.
You might need this if…
- You have a lump sum available now (like a bonus, inheritance, or maturity payout from elsewhere) and want to invest it as a one-time premium rather than committing to years of payments.
- You want both a death benefit for your family and a guaranteed savings payout if you survive to maturity, in a single plan.
- You want a plan that participates in LIC's annual bonus declarations, adding to your guaranteed base amount over time.
- You may want to borrow against the policy later without redeeming it — a loan facility is available a few months after purchase.
How it actually works
- Entry age is 30 days to 65 years; policy term ranges 10–25 years; minimum sum assured ₹1,00,000 with no fixed maximum.
- It's a single-premium plan only — you pay once at the start and make no further premium payments.
- On maturity, you receive the basic sum assured plus any vested annual bonuses and a possible final additional bonus.
- On death before maturity, the payout is the higher of the basic sum assured or 1.25× the single premium (1.10× if you bought the policy at age 50+), plus vested bonuses.
- Optional riders include an Accidental Death & Disability Rider and a New Term Assurance Rider for extra death cover, combined capped at 30% of the base premium.
- You can borrow against the policy after 3 months, up to 50–80% of the surrender value depending on how long you've held it.
Worked example
For a ₹1 lakh sum assured, a 30-year-old pays a single premium of about ₹78,010 for a 10-year term, or about ₹50,695 for a 25-year term — the longer the term, the lower the upfront cost, since bonuses have more time to accumulate.
The tiers
| Sum Assured Band | High Sum Assured Rebate |
|---|
| ₹2–3 lakh | 20% |
| ₹3–5 lakh | 30% |
| ₹5 lakh+ | 40% |
Worth knowing before you decide
- This is sold offline only, through agents, corporate agents, brokers, and marketing firms — not available online.
- Surrendering early returns 75% of the single premium in the first 3 years, rising to 90% after that, plus any vested bonus value — so early exit means a loss.
- Suicide within 12 months of starting the policy pays only 80% of the single premium (or the surrender value if higher).
- For minors under 8 at entry, death before the risk-cover start date only refunds the premium paid, without interest.
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →