endowment
LIC's New Endowment Plan
Plan 714UIN 512N277V03
A participating individual life insurance savings plan currently listed by LIC.
- Plan type: Endowment
- Plan number: 714
endowment
LIC's Single Premium Endowment Plan
Plan 717UIN 512N283V03
LIC's Single Premium Endowment Plan is a current endowment product listed on the official LIC India product index.
At a glance
Key highlights
Plan type
endowment
Plan number
717
Who should consider this plan?
family protection, long term savings
Eligibility and policy information
| minimum Entry Age | 30 days (completed) |
|---|---|
| maximum Entry Age | 65 years (nearer birthday) |
| minimum Maturity Age | 18 years (completed) |
| maximum Maturity Age | 75 years (nearer birthday) |
| policy Term | 10 years |
| minimum Sum Assured | Rs. 1,00,000 |
| maximum Sum Assured | No limit |
| Premium modes | Yearly, Half-Yearly, Quarterly, Monthly, Single Premium |
| Loan available | Yes |
| Surrender available | No |
Benefits and riders
Death benefit
Death benefit payable on death of the life assured during the policy term after the date of commencement of risk but before the date of maturity, shall be “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any. Where, “Sum Assured on Death” is defined as: • For age at entry of Life Assured less than 50 years: Higher of Basic Sum Assured or 1.25 times of Single premium. • For age at entry of Life Assured 50 years and above: Higher of Basic Sum Assured or 1.10 times of Single premium Single Premium referred above excludes taxes, extra premium and rider premium(s), if any. However, in case of minor Life Assured, whose age at entry is below 8 years, on death before the commencement of Risk (as specified in Para 1 above), the Death Benefit payable shall be refund of Single premium paid (excludin
Maturity benefit
On Life Assured surviving the policy term, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus if any, shall be payable. 3 Where “Sum Assured on Maturity” is equal to Basic Sum Assured. C. Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation. Simple Reversionary Bonuses shall be declared annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan on such terms and conditions as declared by the Corporation. In the event of policy being surrendered, the surrender value of vested bonuses, if any, as applicable on the date of surrender shall be payable. Final Additional Bonus may also be declared under t
Official documents
Product source on the Official LIC Website (opens in a new tab)
Important disclaimer
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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