LIC Single Premium Endowment Plan 917 (UIN 512N283V02) was a one-time premium, with-profit endowment plan with a 10 to 25-year term. It was replaced by Plan 717 on 1 October 2024; existing policies continue. For ₹10 lakh cover at age 30 over 20 years, our calculator puts the single premium at about ₹5,08,750 and the maturity estimate at about ₹18.15 lakh with a ₹40 bonus.
Single Premium Endowment 917 Premium & Maturity Calculator
Your estimate
- Total bonus (estimated)
- ₹8,00,000
- Final additional bonusassumed ₹15 per ₹1,000
- ₹15,000
- Sum assured on deathplus bonuses accrued
- ₹10,00,000
- Approx. return (IRR)
- 6.57%
- Age at maturity
- 50 years
- Single premium₹5,08,75028%
- Net gain₹13,06,25072%
Estimated death benefit by policy year
| Policy year | Age at entry | Total bonus (estimated) | Death benefit |
|---|---|---|---|
| 1 | 31 | ₹40,000 | ₹10,40,000 |
| 5 | 35 | ₹2,00,000 | ₹12,00,000 |
| 10 | 40 | ₹4,00,000 | ₹14,00,000 |
| 15 | 45 | ₹6,00,000 | ₹16,00,000 |
| 20 | 50 | ₹8,00,000 | ₹18,00,000 |
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Single Premium Endowment Plan 917?
LIC Single Premium Endowment Plan 917 is a with-profit endowment policy where the entire premium was paid once, at the start. The policy then covers the life assured for the chosen term of 10 to 25 years and pays the sum assured plus bonuses at maturity. Its UIN is 512N283V02.
Plan 917 succeeded Plan 817, which LIC withdrew on 1 February 2020. It was itself replaced by Plan 717 on 1 October 2024. If you hold a 917 policy, nothing changes for you. The calculator above helps you check your maturity estimate and death cover.
Plan 917 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 917 / 512N283V02 |
| Plan type | Single premium, non-linked, with-profit endowment |
| Policy term | 10 to 25 years |
| Entry age | 90 days to 65 years (nearest birthday) |
| Maximum maturity age | 75 years |
| Minimum sum assured | ₹50,000 (no upper limit) |
| High sum assured rebate | ₹18 / ₹25 / ₹30 per ₹1,000 from ₹1 / 2 / 3 lakh |
| Loan | After the first policy year |
| Status | Replaced by Plan 717 from 1 October 2024 |
How the 917 premium was calculated
The single premium comes from LIC’s rate table for your age and term. The calculator applies that rate per ₹1,000 sum assured, then deducts the high sum assured rebate.
Example: a 30-year-old buying ₹10 lakh for 20 years paid a single premium of about ₹5,08,750 after the ₹30-per-thousand rebate. A 40-year-old buying ₹5 lakh for 15 years paid about ₹2,99,825. GST of 1.8% applied on top at the time of purchase. From 22 September 2025, individual life insurance premiums are GST-exempt, but that only matters for new policies.
Tip: because the rebate steps up at ₹2 lakh and ₹3 lakh, a slightly larger sum assured could cost only a little more. Compare ₹2.9 lakh and ₹3 lakh in the calculator to see the effect.
Maturity benefit
At the end of the term the policyholder receives the basic sum assured, the simple reversionary bonuses added every year and a final additional bonus if declared. With an assumed bonus of ₹40 per ₹1,000 and a ₹15 FAB, the 30-year-old above could receive about ₹18,15,000 after 20 years. That is an approximate return (IRR) of about 6.6% a year on the single premium. The 40-year-old’s ₹5 lakh policy works out to about ₹8,07,500 after 15 years.
Your policy’s actual bonuses are shown in LIC’s bonus statements. Replace the default in the bonus field with the rates LIC has declared to get a closer estimate, or try our LIC maturity calculator.
Death benefit
If the life assured dies during the term after risk commencement, the nominee receives the sum assured on death, which is the higher of the basic sum assured or 1.25 times the single premium. Vested bonuses and any final additional bonus are paid on top. The year-wise table in the calculator shows how this amount grows as bonuses accumulate.
Loan and surrender
A loan can be taken against the policy after one year. The policy can also be surrendered at any time. LIC pays a guaranteed surrender value, which is a share of the single premium, or a special surrender value if that is higher. Leaving early rarely beats holding to maturity. Estimate your exit value with the surrender value calculator.
Tax treatment
The single premium was deductible under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (up to ₹1.5 lakh) in the year of payment. Because a single premium is usually more than 10% of the sum assured, the maturity amount may not qualify for exemption under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)). Death claims are tax-free. Check your case with a tax adviser.
917 vs 717: what changed?
Plan 717 keeps the same structure: one premium, a 10 to 25-year term and bonuses. The differences are a higher minimum sum assured (₹1 lakh instead of ₹50,000) and higher premium rates. For ₹10 lakh at age 30 over 20 years, our estimate is ₹5,42,213 under 717 against ₹5,08,750 under 917. If you are buying today, use the Plan 717 calculator.
How to use this calculator
Enter the age at entry, pick the term, type the sum assured and set a bonus rate. The results show the single premium, the maturity estimate, the sum assured on death and an approximate yearly return. All figures are estimates. Your policy bond and LIC statements are final.
Frequently asked questions
Is LIC Single Premium Endowment Plan 917 still available?
No. Plan 917 was replaced by Single Premium Endowment Plan 717, launched on 1 October 2024. Existing 917 policies run to maturity with all their benefits, including bonuses. New buyers get Plan 717.
How much single premium did plan 917 need for ₹10 lakh?
Our calculator estimates about ₹7,09,950 for a 10-year term, ₹5,08,750 for 20 years and ₹4,22,900 for 25 years at age 30, after the high sum assured rebate. At the time of sale, 1.8% GST was charged on top.
What is the maturity amount of LIC 917?
You receive the basic sum assured plus all simple reversionary bonuses and any final additional bonus. For ₹10 lakh over 20 years at an assumed ₹40 bonus per ₹1,000, the estimate is about ₹18.15 lakh. Actual bonuses depend on LIC's yearly declarations.
What is the death benefit under plan 917?
After risk starts, the nominee gets the higher of the basic sum assured or 1.25 times the single premium, plus accrued bonuses and any final additional bonus. For a minor who dies before the risk start date, the premium is refunded without interest.
What rebate applied on high sum assured in 917?
The source rate card gives a rebate of ₹18 per ₹1,000 sum assured from ₹1 lakh, ₹25 from ₹2 lakh and ₹30 from ₹3 lakh. There was no rebate below ₹1 lakh.
Can I surrender or take a loan on my 917 policy?
Yes. A policy loan is available after the first policy year, and the policy can be surrendered at any time for its surrender value. Early surrender usually returns less than the premium paid, so compare it with holding to maturity.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.