LIC Single Premium Endowment Plan (717) Calculator
Calculate your maturity benefits, death benefits, and returns for LIC's popular single premium endowment plan
Basic Details
Policy Term
Your Policy Benefits
Sum Assured
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Total Bonus
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Maturity Benefit
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Enter your details to calculate death benefit.
Detailed Calculation
Your detailed policy analysis will appear here.
Return Analysis
Your investment return analysis will appear here.
📊 Policy Term Comparison
| Feature | 10 Years | 15 Years | 20 Years |
|---|---|---|---|
| Minimum Premium | ₹1,00,000 | ₹1,00,000 | ₹1,00,000 |
| Maximum Maturity Age | 75 years | 75 years | 75 years |
| Risk Coverage | 10 times premium | 7 times premium | 7 times premium |
| Loan Availability | After 1 year | After 1 year | After 1 year |
| Tax Benefits (80C) | Yes | Yes | Yes |
| Bonus Accumulation | Lower | Medium | Highest |
Note: Features may vary based on premium amount and age at entry.
🌟 Key Benefits of Plan 717
Single Premium
Pay once and enjoy coverage for entire policy term without worrying about future payments.
Life Coverage
Provides life insurance coverage along with savings component for financial security.
Guanteed Additions
Earn guaranteed additions which are added to your policy annually.
Loan Facility
Avail loans against your policy after completion of 1 year.
Tax Benefits
Enjoy tax benefits under Section 80C and tax-free maturity under Section 10(10D).
Survival Benefits
Receive maturity benefit if you survive the policy term along with bonuses.
🧾 Tax Benefits
Premium Payment (Section 80C)
Single premium paid is eligible for deduction under Section 80C up to ₹1.5 lakh per financial year.
Maturity Benefits (Section 10(10D))
Maturity proceeds including bonuses are tax-free under Section 10(10D) if premium doesn't exceed 10% of sum assured.
Death Benefit
Death benefit received by nominee is completely tax-free without any limits.
Note: Tax laws are subject to change. Consult your tax advisor for current regulations.
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Note: This calculator provides estimates based on current bonus rates and policy terms. Actual benefits may vary based on LIC's declared bonus rates. This is not official LIC communication. For exact figures, please consult your LIC agent or official policy documents.
LIC Single Premium Endowment Plan Calculator
If you’re planning to invest in a reliable savings-cum-insurance option, the LIC Single Premium Endowment Plan Calculator is a must-have tool. It helps you estimate the maturity amount, bonus, and overall returns from LIC’s single premium policies with just a few clicks.
What is LIC Single Premium Endowment Plan?
The LIC Single Premium Endowment Plan is a one-time investment insurance policy offered by the Life Insurance Corporation of India. It combines protection and savings in a single policy. You pay the premium once at the beginning of the policy, and upon maturity or in case of death, a lump sum amount is paid out along with applicable bonuses.
Why Use the LIC Single Premium Endowment Plan Calculator?
Calculating the future returns of a policy manually can be confusing. This tool simplifies it by giving you an estimate of:
- Maturity amount with bonus
- Death benefit value
- Total returns on investment
- Estimated bonus based on current LIC declarations
Benefits of the Calculator
- Instant result for LIC plan 917 single premium maturity value
- Helps in tax planning and return estimation
- Ideal for users looking for a LIC savings plan calculator
- Easy to compare different LIC single premium policies
How Does the LIC Maturity Calculator Work?
The calculator takes into account your age, policy term, and sum assured to estimate the maturity amount. It also considers the bonus rate and final additional bonus (if any). Whether you’re looking for a 10-year policy or longer, this tool can help you make informed investment decisions.
Example Calculation
Suppose you invest ₹1,00,000 in a 15-year single premium endowment policy at age 30. The tool will show:
- Expected maturity value including bonus
- LIC investment return over the policy term
- Tax benefits under Section 80C
Who Should Use This Tool?
This calculator is ideal for:
- People comparing LIC endowment policy maturity value options
- Investors seeking LIC tax saving plans
- Anyone planning long-term goals with guaranteed returns
Key Features of LIC Endowment Calculator
- Based on current LIC bonus rates
- Shows both maturity and death benefits
- Includes single premium and plan 917 support
Get the Most Out of Your LIC Investment
Using the LIC single premium endowment plan calculator online can help you understand your policy’s value clearly. Whether you’re investing for your child’s future, retirement, or wealth accumulation, this tool helps you make smarter choices.
Important Note:
The final maturity amount may vary depending on actual LIC bonus declarations. This calculator provides an estimated value for informational purposes only.
Start Planning Today
Try our free LIC single premium calculator and take the guesswork out of your financial planning. Secure your future with confidence and clarity.
Frequently Asked Questions (FAQs)
1. How is the maturity amount calculated in LIC Single Premium Endowment Plan?
The maturity amount is calculated by adding the sum assured, vested simple reversionary bonuses, and final additional bonus (if any). The calculator uses your age, policy term, and premium amount to estimate the total maturity payout.
2. Does the LIC Single Premium Plan 917 offer bonus benefits?
Yes, LIC Plan 917 qualifies for simple reversionary bonuses declared annually and may also include a final additional bonus. These are factored into the maturity value shown in the calculator.
3. Can I claim tax benefits on the LIC Single Premium Endowment Plan?
Yes, premiums paid under this plan are eligible for tax deductions under Section 80C of the Income Tax Act. Additionally, the maturity amount may be tax-free under Section 10(10D), subject to applicable conditions.
4. What is the return on investment in LIC single premium policies?
Returns depend on the policy term, age of the investor, and LIC’s declared bonuses. Typically, returns range from 4% to 6% annually. The calculator helps estimate potential returns based on historical bonus rates.
5. Is the LIC Single Premium Endowment Plan suitable for short-term investments?
This plan is best suited for medium to long-term goals. Though you can choose terms as low as 10 years, longer durations tend to yield better bonus accumulation and overall maturity value.
6. What is the minimum premium amount for LIC Single Premium Endowment Plan?
The minimum single premium varies based on the sum assured and age. However, most LIC single premium policies start with a minimum investment of ₹30,000 to ₹50,000.
7. Does this calculator include Final Additional Bonus (FAB) in the maturity estimate?
Yes, if applicable for your chosen policy term and sum assured, the calculator includes an estimated Final Additional Bonus based on past trends declared by LIC.