LIC Single Premium Endowment (Plan 917)

Complete LIC Single Premium Endowment Plan 917 Details & Closure Update

When you receive a sudden, substantial financial windfall—whether it is from selling an ancestral property, experiencing a highly profitable harvest season, or receiving your hard-earned retirement corpus—the most crucial decision you face is how to protect that capital. Leaving it idle in a standard savings account exposes your wealth to the eroding effects of inflation, while volatile stock markets carry high risks that can deplete your capital. The ideal solution is a secure, guaranteed investment that offers robust life cover and a bonus-based maturity value, all without the long-term liability of paying annual premiums.

If you are actively searching for a reliable LIC single premium plan in Bhadra to safely park your surplus funds, you are making a highly strategic, forward-thinking decision. Welcome to Ashuram Insurance Expert. We have been proudly serving the hardworking families, business owners, and farmers of Bhadra (335501), the wider Hanumangarh district, and thriving neighboring communities like Suratpura (Surat Pura) and Dabri since 1990. We strongly believe that securing your family's financial safety net should be a completely transparent, honest, and stress-free process that you can understand fully.

Over the past few months, we have received a steady stream of inquiries at our local office near Ambedkar Chowk regarding one of LIC's most trusted lump-sum investment policies. Today, we are providing a comprehensive, rigorously detailed guide covering the exact LIC Single Premium Endowment Plan 917 details. Many of our clients have asked us about the specific LIC single premium endowment benefits, exactly how the maturity returns are calculated, the critical rules surrounding the surrender value, and the latest official updates regarding its availability in the market today.

In this exhaustive local guide, we will break down exactly how this unique participating life insurance savings plan functioned, explore its guaranteed maturity features, detail the exact policy rules governing death claims, and answer the vital question: is the LIC Single Premium Endowment plan closed or not? Let us navigate this structured financial planning together, ensuring your lump-sum wealth is positioned for optimal safety and long-term growth.

What is LIC's Single Premium Endowment? (Plan 917 Details)

When structuring a robust financial portfolio, managing your cash flow is critical. Traditional endowment policies require you to commit to paying premiums every year for 15, 20, or even 25 years. LIC's Single Premium Endowment Plan (Plan No. 917) was meticulously designed to eliminate that long-term liability entirely.

Officially, it was classified as a Non-Linked, Participating, Individual Life Assurance Savings Plan. In practical terms, it was a premier single premium insurance policy where you made a one-time lump sum payment today, and in return, LIC provided you with comprehensive life cover and a bonus-based maturity value at the end of your chosen policy term. Your capital was entirely shielded from the volatile and unpredictable risks of the stock market, making it an outstanding LIC savings plan India residents trusted for capital safety.

Because it was a "Participating" plan, the policy actively shared in the annual profits of the Life Insurance Corporation of India. This meant that your policy grew every single year through the addition of bonuses, ensuring your final maturity corpus expanded steadily.

The Single Premium Advantage

The most attractive feature of the LIC Single Premium Endowment Plan 917 details is its premium structure. You simply made one single, lump-sum investment at the very beginning of the policy.

You paid once, and the policy took care of your family's life cover and long-term wealth accumulation for the entire policy term.

LIC Plan 917 Maturity and Returns Explained

Understanding the LIC Plan 917 maturity and returns structure is crucial, as it was designed to deliver a highly lucrative, final payout to the policyholder.

On the Life Assured surviving to the end of the stipulated policy term, the final Maturity Benefit is paid out. The total maturity payout securely credited to your bank account consists of three components:

Together, these three components ensure that your single premium investment grows substantially, effectively acting as one of the best LIC endowment plan benefits available for lump-sum investors.

Comprehensive Death Benefit Protection

While this plan is an excellent long-term savings tool, it remains a life insurance policy at its core, offering vital protection to your family. The death claim structure in Plan 917 is highly robust, but it strictly depends on the "Date of Commencement of Risk."

Risk Commencement Rules

• For children whose age at entry is less than 8 years, the risk commenced either 2 years from the date of commencement of the policy or on the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier.
• For those aged 8 years or older at entry, the risk commenced immediately from the date of policy issuance.

The Death Benefit Payout

If the policyholder tragically passes away during the active policy term, the Death Benefit is paid to the nominee. The calculation depends on exactly when the death occurs:

• On death BEFORE the commencement of risk: LIC returns the Single Premium paid (excluding taxes, extra premiums, and rider premiums) without any interest.
• On death AFTER the commencement of risk: The nominee receives the "Sum Assured on Death" PLUS all vested Simple Reversionary Bonuses and any Final Additional Bonus.

To provide absolute maximum protection to your heirs, the "Sum Assured on Death" is legally defined as the higher of the following two calculations:

1. The Basic Sum Assured.
2. 1.25 times the Single Premium (excluding taxes and extra premiums).

This ensures that your family receives a strong financial safety net in the event of an unexpected tragedy.

Liquidity: Surrender Value and Policy Loans

Because a lump sum is tied up in a single premium policy, liquidity is a common and valid concern. LIC designed Plan 917 with excellent safeguard features to ensure you have access to funds if an emergency arises.

Surrender Value Rules

You have the absolute freedom to surrender the policy at any time during the policy term. The Guaranteed Surrender Value depends on when you surrender:

• First Policy Year: If you surrender the policy in the very first year, you are guaranteed to receive 75% of the single premium paid (excluding taxes and extra premiums).
• Second Policy Year Onwards: If you surrender from the second year onward, you are guaranteed to receive 90% of the single premium paid.
• In addition, the surrender value of any vested Simple Reversionary Bonuses is also added to your payout.

Policy Loan Facility

You do not have to surrender your policy and lose your life cover if you need temporary cash. You can safely avail of a policy loan at any time after the completion of one policy year. The maximum loan granted is up to 90% of the surrender value of the policy, ensuring you can meet sudden business or medical needs seamlessly.

Expert LIC Advisory Services in Suratpura and Dabri

While our primary advisory office is deeply rooted in Bhadra, our commitment to providing highly transparent financial service extends proudly to our neighboring communities. We deeply understand that farmers, business owners, and families in surrounding areas require specialized, high-level financial guidance for their lump-sum investments without having to travel far into the city.

If you are searching for a highly experienced LIC advisor near Suratpura or a trusted LIC advisor near Dabri, you do not need to look any further. We proudly extend our dedicated policy servicing to the Suratpura (335503) and Dabri (335503) communities within the Bhadra Tehsil:

• Wealth Portfolio Reviews: Since Plan 917 is closed, we personally consult with families in Suratpura and Dabri to select the best active alternative single-premium participating savings plans available today.
• Loan and Surrender Support: We assist existing policyholders with the complex documentation required to secure a policy loan or process a partial/full surrender directly into their bank accounts.
• Doorstep Support: We assist with KYC updates, address changes, and critical nominee updates right at your convenience.
• Expedited Claim Processing: We provide comprehensive claim settlement support, ensuring your bonus-based maturity payouts or unexpected death claims are processed with zero administrative hassle.

Step-by-Step Process for Exploring Active Single Premium Plans

Since LIC's Single Premium Endowment (Plan 917) is now permanently closed to new investors, what should be your next strategic move? The core need—a safe, guaranteed-return single-premium policy to park your surplus cash safely—has certainly not changed.

The Life Insurance Corporation of India continually introduces robust, high-performing alternatives explicitly designed for single-premium wealth creation. Here is how we can secure your financial timeline right now:

1. Schedule a Free Consultation: Reach out via WhatsApp or a direct phone call. Let us know your available lump sum and your liquidity needs over your desired term.
2. Financial Needs Analysis: We will assess your current asset allocation, family milestones, and determine the safest plans offering strong participating or guaranteed returns for your capital.
3. Review Active Plans: We invite you to explore the best active single-premium plans with us. We will present you with the best available options that protect your capital and offer life cover.
4. Hassle-Free Documentation: We handle all underwriting coordination, KYC documentation, and complex paperwork seamlessly.

We highly recommend scheduling a no-obligation consultation so we can fortify your wealth portfolio today.

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