LIC Single Premium Endowment Plan (717) Calculator
Note on Consistency
This LIC Premium Calculator provides consistent results for the same inputs every time, ensuring reliable estimates for your financial planning.
Premium Details
Base Single Premium:
Extra Premium (Health):
Rider Premium (annual estimate):
GST (0% as of Oct 2025):
Total Premium Payable:
Bonus Details
Assumed Bonus Rate (per ₹1000 SA/year):
Estimated Total Bonus:
Maturity & Benefits
Maturity Value (estimated):
Inflation-Adjusted Maturity Value (approx):
Death Benefit (estimated):
Loan & Installment
Max Loan Possible (approx, after 3 months): (at 9% p.a. interest)
How the Calculation is Done (Illustrative)
Policy Term: Fixed at 10 years (per LIC rules).
Base Single Premium: Interpolated from sample tabular rates for ₹1L SA, scaled for chosen SA, minus high SA rebate (₹20-40/₹1000 SA).
Extra Premium: 5% for Smoker, 10% for Medical (approx loading).
Rider Premium: Approx 1% of SA/year for selected rider (actual varies).
GST: 0% per reforms effective Sept 22, 2025.
Total Premium: Base + Extra + Rider + GST.
Bonus Rate: Illustrative 40 per ₹1000 SA/year (2024-25 sample; not guaranteed).
Estimated Bonus: (Rate / 1000) × SA × 10 years (Simple Reversionary).
Maturity Value: SA + Bonus.
Death Benefit: Higher of SA or 7x Annualized Premium (Single Prem / 10) + Bonus.
Surrender Value: 90% of Single Premium + 30% of vested bonuses.
Loan: 90% of Surrender Value.
Installment: Total benefit / (years × 12) if selected.
Plan Highlights
- Participating endowment with single premium; term 10 years.
- Riders: Accidental Death & Disability, New Term Assurance.
- Options: Death/Maturity in 5/10/15 yrs installments.
- Free Look: 30 days. Minors: Risk from age 8 or 2 yrs.
- Tax: 80C deduction; 10(10D) tax-free. Source: LIC Brochure (2024-25).