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 Nav Jeevan Shree is a current endowment product listed on the official LIC India product index.
At a glance
Plan type
endowment
Plan number
912
family protection, long term savings
| maximum Entry Age | [65 years (Age Nearer Birthday) |
|---|---|
| maximum Maturity Age | 65 Years (Age Nearer |
| policy Term | 10 15 20 |
| premium Paying Term | (PPT) of 6, 8 10, 12 |
| maximum Sum Assured | on Death (per life): Rs 25 Lakhs. |
| Premium modes | Yearly, Half-Yearly, Quarterly, Monthly |
| Loan available | Yes |
| Surrender available | No |
in instalments. • Option to enhance protection by opting for rider benefits on payment of additional premium for the rider benefits. 2 LIC’s Nav Jeevan Shree (UIN: 512N387V02) (A Non-Par, Non-Linked, Life, Individual, Savings, Plan) 3 • Benefits of attractive incentives for Higher Sum Assured. • Incentives for existing Policyholder and Nominee/ Beneficiary of the deceased Policyholder • Takes care of liquidity needs through loan facility.
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 (in which all the due premiums have been paid), the Guaranteed Additions during the policy term shall accrue at the end of each policy year. 6 The Rate of Guaranteed Additions for an in-force policy shall be as under: Policy Term (in years) Rate of Guaranteed Additions (as a % of Total Tabular Annual Premium in respect of Premiums Paid) 10 to 13 8.50% 14 to 17 9.00% 18 to 20 9.50% In case, any policy is eligible for any incentive(s) in terms of increase in Rate of Guaranteed Additions as specified in Para 9 (viz.
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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