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felix@insurancesuperhub.in
LIC’s Single Premium Endowment Plan is a one-time investment insurance plan that offers life cover + savings + lump-sum maturity benefit — all by paying just once.
It’s ideal for those who want security, guaranteed returns, and no recurring premiums.
| Feature | Details |
|---|---|
| Plan Type | Non-linked, Participating, Individual Life Assurance |
| Premium Payment | One-time (Single Premium only) |
| Policy Term | 10 to 25 years |
| Minimum Entry Age | 90 days (completed) |
| Maximum Entry Age | 65 years (for 25-year term) |
| Maximum Maturity Age | 75 years |
| Minimum Sum Assured | ₹50,000 |
| Maximum Sum Assured | No limit (based on underwriting) |
| Loan Facility | Available after 1 year |
| Surrender Value | Available after 1 policy year |
| Bonus | Eligible for Simple Reversionary Bonus + Final Bonus (as declared by LIC) |
Let’s assume:
You pay ₹1,00,000 once — no further payments needed.
You are insured for ₹2,00,000 throughout 15 years.
LIC adds yearly bonuses to your policy (depends on performance of LIC’s with-profits fund).
At the end of 15 years, you get:
Maturity Benefit = Sum Assured + Accrued Bonuses + Final Bonus
Example:
If total bonuses = ₹80,000,
✅ Maturity Amount = ₹2,80,000 (approximate)
(Exact bonus rates vary year to year.)
If the policyholder passes away during the policy term:
| Condition | Benefit Payable |
|---|---|
| Before 5 years | Sum Assured on Death = Basic Sum Assured |
| After 5 years | Sum Assured on Death + Bonuses (if any) |
Minimum Death Benefit: 125% of Single Premium (excluding taxes and extra charges)
You can surrender the policy anytime after 1 year.
You’ll receive the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV) — whichever is higher.
| Benefit | Description |
|---|---|
| Single Payment | Pay once, stay insured for the full term |
| Life Cover | Guaranteed protection throughout the policy term |
| Savings & Growth | Eligible for annual bonuses + final bonus |
| Liquidity | Loan and surrender options available after 1 year |
| Tax Benefits | Under Sections 80C (premium) & 10(10D) (maturity/death) |
| No Renewal Hassle | No yearly payments — one-time investment only |
| Particular | Details |
|---|---|
| Age | 35 years |
| Policy Term | 15 years |
| Single Premium | ₹1,00,000 |
| Sum Assured | ₹2,00,000 |
| Approx. Maturity (with bonus) | ₹2,80,000 – ₹3,00,000 |
| Death Benefit | ₹2,00,000 + Bonus (if applicable) |
✅ One-time investment — no renewal headache
✅ Combines insurance + guaranteed savings + bonus growth
✅ Safe & stable — backed by LIC’s with-profits fund
✅ Flexible — loan or surrender option available anytime after 1 year
✅ Ideal for lump-sum investors, NRIs, and senior citizens
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Niva Bupa Health Insurance Company Limited is one of India's leading standalone health insurers (SAHI), headquartered in New Delhi and founded in 2008. The company was formerly known as Max Bupa Health Insurance Company Limited and was rebranded to Niva Bupa in 2021. Niva Bupa offers a wide range of health insurance products for individuals, families, senior citizens, and corporate employees.
