LIC Single Premium Endowment Plan (Plan No. 717)
Pay once, stay covered for the full term and get maturity with bonuses.
LIC’s Single Premium Endowment Plan (Plan 717) lets you invest a lump sum one time. You get life cover for the full term and the maturity amount with bonuses – ideal for parking a bonus, sale proceeds or retirement benefit safely.
| Plan name | LIC Single Premium Endowment Plan |
|---|---|
| Plan number | 717 |
| UIN | 512N283V03 |
| Category | Endowment & Savings Plans |
How LIC Single Premium Endowment Plan works
- Pay the entire premium in one go.
- Life cover continues for the chosen term.
- On maturity, the basic sum assured plus bonuses is paid.
Who should buy this plan?
- People with a lump sum (bonus, FD maturity, property sale)
- Those who do not want yearly premium reminders
- Gifting a policy to a family member
Important points before you buy
- Tax treatment of single premium policies depends on premium vs sum assured – ask before buying.
- Bonuses are not guaranteed.
Why buy LIC Single Premium Endowment Plan through Vedpal Singh?
- 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
- Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
- Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
- Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.
Frequently asked questions
Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.
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Get LIC Single Premium Endowment Plan Quote
Apni details bhejiye – Vedpal Singh aapko call karke sahi plan batayenge.