LIC's Single Premium Endowment Plan
LIC's Single Premium Endowment Plan is a current endowment product listed on the official LIC India product index.
- Plan type: endowment
- Plan number: 717
LIC's Amritbaal is a current endowment product listed on the official LIC India product index.
At a glance
Plan type
endowment
Plan number
774
family protection, long term savings
| policy Term | 20 years under Limited and Single Premium |
|---|---|
| maximum Sum Assured | allowed to each individual will be |
| Premium modes | Yearly, Half-Yearly, Quarterly, Monthly, Single Premium |
| Loan available | Yes |
| Surrender available | No |
The proposer shall have an option to choose “Sum Assured Basic Sum Assured Range Sum Assured Multiple (Rs.) From Rs. 2,00,000/- to Rs. 24,00,000/- 25,000/- above Rs. 24,00,000/- 50,000/- 4 on Death” as per the two options available under each of Single Premium and Limited Premium payment. The options should be chosen carefully depending on your child’s specific needs, as the premium & benefits under the plan shall vary as per the option chosen and the same shall not be altered later. Premium Payment Option Sum Assured on Death Limited Premium Payment Option I Higher of • 7 times of Annualized Premium; or • Basic Sum Assured Option II Higher of • 10 times ofAnnualized Premium;or • Basic Sum Assured Single Premium Payment Option III Higher of • 1.25 times of SinglePremium;or • Basic Sum Assured Option IV 10 times of Single Premium Note: In
On Life Assured surviving the stipulated Date of Maturity, provided the policy is in-force, “Sum Assured on Maturity” along with accrued Guaranteed Additions for in-force policy, shall be payable; where “Sum Assured on Maturity” is equal the Basic Sum Assured. C. Guaranteed Additions for In-force policy: Under an in- force policy, the Guaranteed Additions shall accrue at the rate of Rs. 80 per thousand Basic Sum Assured at the end of each policy year from the inception till the end of Policy Term. On death of Life Assured during the Policy Term under an in-force policy, the Guaranteed Additions in the year of death shall be payable for full policy year. In case of surrender of an in-force policy, the Guaranteed Additions for the policy year in which the policy is surrendered will be added on proportionate basis in proportion to the comple
Product source on the Official LIC Website (opens in a new tab)
Please refer to the official LIC brochure and policy document for complete terms, conditions, exclusions and current availability.
Last verified: 2026-08-01
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