Single Premium Endowment Plan Table No. 817 27

1 Jan 2014   | LIC New PLans · LIC Policy · Life insurance

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Lic’s new single premium endowment plan – Table no – 817

Single Premium Endowment Plan Highlights

  1. Single premium
  2. With profit endowment plan
  3. Minimum age at entry is 90 days
  4. Loan available after completion of one year
  5. Back dating is allowed

Maturity benefit

  1. Sum assured
  2. Simple reversionary bonuses
  3. Final additional bonus, if any.

Death benefit

  1. After commencement of risk – Sum assured plus vested simple reversionary bonuses and final additional bonus, if any.
  2. Before commencement of risk# – Return of single premium excluding taxes and extra premiums, if any.

# in case the age at entry of life assured is less than 8 years, risk will commence either 2 years from the doc or policy anniversary after completion of 8 years of age whichever is earlier, for others risk shall commence immediately.

Loan on single premium endowment plan

  1. Available after completion of 1 policy year.
  2. Amount of loan will depend on year of policy and policy term.
  3. The maximum loan shall be granted as a percentage of surrender value (sv).

Eligibility conditions and restrictions:

Particulars
Description
Age at entry 90 days (completed) to 65 years (nearest birthday)
age at maturity 18 to 75 years
Policy
term		 10 to 25 years
Premium mode Single premium only
basic sum
assured		 50000 and above ( in multiples of 5000)
– no upper limit

Calculate Premium / Check out the premium for Single Premium Endowment Plan

Surrender Value: Higher of guaranteed surrender value or special value shall be payable.the policy can be surrendered at any time during the policy term.

Guaranteed surrender value (GSV): 1st year ~ 70% of single premium excluding taxes and extra premium, if any. Thereafter ~ 90% of single premium excluding taxes and extra premium, if any. plus surrender value of vested bonuses.

Special surrender value (SSV): Discounted value of sum assured and vested simple reversionary bonuses

Surrender value factors applicable to Vested bonuses

Why should I take single premium endowment plan – Table No 817

S~ Single premium – One time investment.
P~Protection – Risk cover for full sum assured.
E~ Excellent for meeting educational needs of young ones.
C~ Children from the age of 90 days can be covered.
I~ Ideal for investment planning-wide range of policy term.
A~ Attractive – Participates in profits.
L~ Liquidity through loan.

27 thoughts on “Single Premium Endowment Plan Table No. 817”

  1. Nitin Khare Jan 3,2014 1:12 PM

    lic new life insurance plan

  2. Ratnesh Verma May 23,2014 1:05 AM

    SIR,

    Please send the maturity details on amount of Rs.50,000/- after 20 years through PLAN NO.817

  3. Shouvik Mukherjee Jul 16,2014 6:09 PM

    Dear Sir,

    I intend to buy a policy for my daughter, Paroma Mukherjee, aged 10+ years, DOB-22.9.2003 under Table 817.
    I intend to invest Rs 3 lakhs.
    Pls send the ROI.

    Regards.

    Shouvik Mukherjee
    Cell : 91 98304 46988

  4. dinesh Oct 9,2014 5:43 AM

    hi sir
    my daughter age 9yrs (11.08.2014)
    i want to invest 2 lac in table no 817 for 12 yrs
    after the completion of policy then how much amount of return

  5. rekha Oct 12,2014 11:41 AM

    I want to take policy for my 1year granddaughter.For 50000 single premium how much return she will get after 20years

  6. Priyanshu Nov 13,2014 7:27 AM

    how much i will get on maturity ?
    Sum assured is 50000 premium is 29000 one time for 18 years.
    Plan is 817

  7. Anuj Rathi Nov 25,2014 1:28 PM

    Dear Sir,

    Please send me the maturity & risk cover details of Rs.50,000/- for 10 years through PLAN NO.817 for my Mother (age 54).

  8. abhishek Nov 27,2014 10:29 AM

    Rekha ji 20 SAAL ke liye single premium plan mein aap ko 50000 ke sum assured amt par 27958 ka premium aaye ga aur 46250 ka bonus amt milega total aap ko 96250 ka amt return hoga
    Contact :-
    Abhishek singhai
    email id – vipabhishek@rediffmail.com

  9. Shammi Jan 20,2015 6:56 AM

    Please send the maturity details on amount of Rs.50,000/- after 10 years through PLAN NO.817

  10. Shammi Jan 20,2015 7:01 AM

    Please send the maturity details on amount of Rs.50,000/- after 20 years through One time endowment plan

  11. Angad Feb 8,2015 2:45 PM

    Hi Sir,

    I need to invest 3 lakh for 20 Years, So what will be the ROI for PLAN NO.817

  12. vinay Feb 11,2015 5:03 PM

    Please send the maturity details on amount of Rs.40,000/- after 10 years through PLAN NO.817

    • Arun Aug 3,2015 7:29 PM

      hi vinay,

      You will get approximately between Rs 70000 to Rs 75000 if your sum assured is 50000.

      For more details on this plan please refer LIC Single premium Endowment plan

      Thanks
      Author

  13. BhaskaranRajendran Jun 15,2015 3:21 AM

    Please send the maturity details on amount of Rs.50,000/- after 20 years through PLAN NO.817

  14. subhash singh Jul 3,2015 7:59 AM

    sir

    mai 25000, 25 years ke liye paln no-817, me dal rahahu, mere ko aap maturity amount kitana milega………..

  15. subhash singh Jul 3,2015 8:00 AM

    sir

    mai 25000, 25 years ke liye paln no-817, me dal rahahu, mere ko aap maturity amount kitana milega………..

    Your comment is awaiting moderation.

  16. Gangadhara Rao Jul 21,2015 4:08 PM

    I’m planning to pay single premium 2.90820 lakhs to my daughter. What are the final benefits (lum sum amount ) after 22 years. Under table plan 817.
    Please let me know the details

    Best regards
    Gangadhar

    • Arun Aug 3,2015 7:24 PM

      hi Gangadhara Rao,

      The Maturity benefit = SUM ASSURED+ SIMPLE REVERSIONARY BONUS(Declared Every year)+Final Bonus(declared at the time of Maturity),

      If your sum assured is 600000, your maturity will be equal to 600000(GURANTEED)+660000(Not Guranteed)*= 1260000(approximately)

      * Bonus value calculated at Rs 50 per thousand sum assured(2013-14 bonus for this plan) for next 22 years,

      For More info on this plan you can visit our site at http://www.waytoinsurance.com

      Thanks
      Team

  17. Rajesh Sep 5,2015 6:59 AM

    SIR,

    Please send the maturity details on amount of single premium endowment plan (T.No. 817) Rs.30,000/- after 20 years

  18. Mohammad Alam Nov 25,2015 6:04 AM

    Mohammad,

    Dear Sir,
    I’m planning to pay single premium 300000 lakhs. What are the final benefits amount after 15 years. Under table plan 817.

    Please let me know the details

    Email- sonu.alam27@yahoo.com

  19. R.K. PANDEY Jan 17,2016 2:16 AM

    PLEASE SEND ME THE AGE AND PREMIUM CHART OF TABLE NO. 817 AND JEEVAN SHIKHAR

  20. Sushil Feb 15,2016 8:57 AM

    SIR,

    Please send the maturity details on amount of Rs.1,01740/- after 21 years through PLAN NO.817. my age is now 34

  21. Santosh Brahmankar Feb 25,2016 5:09 AM

    Sir,

    Please let me know The death benofit. Is it 10x of premium or it is basic sum assured only.

    Maturity benifits are tax free or taxable?

  22. Parth Jan 24,2017 5:15 AM

    Hello,
    Sir may buy lic policy 817 plan. So my premium amount and rewards(refund) amount explain please

  23. S. MODI Jul 17,2017 7:53 AM

    Single Premium Endowment Plan Table No. 817. Is maturity payment exempted u/s 10(10d) or not in both situation (A) on the death benefit (B) without death, on the time of maturity.
    please clarify tax liability on both case.
    It is a premium of Rs. 11.48 Lakhs
    for 10 Years tennuar & sum assured Rs. 15.00 Lakhs.

  24. Syed Toufiq Sep 27,2017 7:24 AM

    SIR,

    Please send the maturity details on amount of Rs.154000/- after 16 years through PLAN NO.817

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