Life Insurance Plans
As a pioneer of life insurance in India, the Life Insurance Corporation offers a wide range of comprehensive insurance products to its diverse customer base and maximizes the ability of savings of the insurance holder. LIC of India focuses majorly on safeguarding the interests of the insurance holder and acts as trustees in their individual as well as collective abilities. Let us take a look at the various types of plans ( Latest Plans ) from Life Insurance Corporation of India:
Endowment Plans
Endowment policies cover the insured for a specified period. Thus, the insured has the option to insure himself till he wishes to be insured. Upon the death of the insured (during the term of the policy), the nominee receives the sum assured plus the bonus, if any. Bonus is paid for the number of years the policy was in force. Upon maturity, the insured receives the sum assured plus the bonus for the term of the policy, if any.
LIC’s New Jeevan Anand Plan (Plan No: 915)
MODIFIED VERSION OF "LIC's NEW JEEVAN ANAND" (Plan No. 915) The modifications are as under: i) Definition of "Sum Assured on Death" during Policy Term has been modified from "higher of 125% of Basic Sum Assured or 10 times of annualised premium" to "higher...
LIC’s New Endowment Plan (Plan No: 914)
MODIFIED VERSION OF LIC's NEW ENDOWMENT PLAN (Plan No. 914) The modifications are as under: Definition of "Sum Assured on Death" has been modified from "higher of Basic Sum Assured or 10 times of annualised premium" to "higher of Basic Sum Assured or 7...
LIC New Endowment Plus Plan (Plan no.835)
This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy The policy holder can choose from 4 Investment Fund types: Eligibility Conditions & RestrictionsBOND FUND:Investment in Government : Not less than 60%Short-term...
Aadhar Shila (Plan No. 844)
Product Summary: LIC’s Aadhaar Shila Plan offers a combination of protection and savings. This plan is exclusively designed for female lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). This plan provides financial support for the...
Aadhar Stambh (Plan No. 843)
Product Summary: LIC’s Aadhaar Stambh Plan offers a combination of protection and savings. This plan is exclusively designed for male lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). This plan provides financial support for the...
Jeevan Labh Plan (Plan No. 836)
LIC's Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.• Minimum Basic Sum Assured: Rs. 2,00,000/- • Maximum Basic Sum Assured: No Limit • Minimum Policy Term: 16 Year OR 21 Year OR 25 Year • Premium...
Jeevan Lakshya Plan (Plan No. 833)
This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.• Minimum Basic Sum Assured: Rs. 1,00,000/- • Maximum Basic Sum Assured: No Limit • Minimum Policy...
Single Premium Endowment Plan (Plan No. 917)
LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision of...
Whole Life Plans
Offering the dual benefit of insurance and investment, whole life insurance plans offer insurance cover for the whole life of the person or up to 100 years whichever is earlier. Also the life insurance company calculates bonus on the sum assured, which is paid to the nominee after the death of the policyholder.
LIC’s New Jeevan Anand Plan (Plan No: 915)
MODIFIED VERSION OF "LIC's NEW JEEVAN ANAND" (Plan No. 915) The modifications are as under: i) Definition of "Sum Assured on Death" during Policy Term has been modified from "higher of 125% of Basic Sum Assured or 10 times of annualised premium" to "higher...
Jeevan Umang (Plan No. 845)
Product Summary: LIC’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of...
Money Back Plans
It offers periodical payment of partial survival benefits during the tenure of the policy as long as the policyholder is alive. In the event of death of the insured, the insurance company pays the full sum assured along with survival benefits.
Jeevan Tarun (Plan No. 834)
LIC's JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan is specially designed to meet the educational and other needs of growing children through...
Childrens Money Back Plan (Plan No. 832)
LIC's New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on the life...
New Money Back 25Years Plan (Plan No. 821)
LIC's New Money Back Plan-25 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.• Minimum Basic...
Bima Bachat Plan (Plan No. 816)
LIC's New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of...
New Money Back 20Years Plan (Plan No. 820)
LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.• Minimum Basic...
Single Premium Plan
A policy paid through a single premium payment at the beginning of the term, rather than premiums paid over a longer period of time.
Bima Bachat Plan (Plan No. 816)
LIC's New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of...
Single Premium Endowment Plan (Plan No. 917)
LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision of...
Term Plans
It is the simplest and cheapest form of insurance that is designed to offer financial protection for a specified tenure. Term Insurance ensures that your family gets a large lump sum amount. However, if you survive the term, the insurer pays nothing.
Tech-Term plan
Product Summary LIC's Tech-Term plan is a Non-Linked, Non-Participating, Pure Risk Premium plan which shall be sold online only and hence no intermediaries will be involved. Under this plan there is flexibility to choose from two death benefit options i.e. Level Sum...
JEEVAN AMAR (Plan No. 855)
Product Summary LIC’s JEEVAN AMAR plan is a Non-Linked, Without Profit, pure protection plan.Under this plan there is flexibility to choose from two death benefit options viz. Level Sum Assured and Increasing Sum Assured. Features Under this plan, there are two...
Annuity Plans
These are offered by life insurance companies to help an individual build a retirement funds. This money helps a person to lead a financially secured life even after retirement. In case of an unfortunate death of the policyholder, the nominee can either take a lump sum or receive a regular pension for the rest of the policy tenure.
Jeevan Shanti (Plan No. 850)
LIC Jeevan Shanti plan is a single premium plan with dual option of returns that can be immediate or deferred annuity. It’s a kind of pension plan where the benefit can be availed in many ways. It is completely non-linked, non-participating plan. People can be...
Pradhan Mantri Vaya Vandana Yojana (Plan No. 842)
Pradhan Mantri Vaya Vandana Yojana is Pension plan for Senior citizens announced by Government of India. This policy is government’s subsidized pension scheme which will avail guaranteed 8% return in monthly mode and 8.3% return in yearly mode. Modifications with...
Closed Plans
Jeevan Nidhi Single Premium (Plan No. 818)
LIC’s New Jeevan Nidhi (Plan 818) is a deferred annuity with profit plan. This plan is intended to provide pension to the policy holder from the maturity proceedings available at the time of vesting. The maturity proceedings include Sum Assured, Guaranteed Additions,...
Jeevan Akshay VI (Plan No. 189)
Product Summary :LIC Jeevan Akshay VI (189) is an immediate annuity plan that can be bought by paying a lumpsum as Single Premium. Pension will start immediately after buying the policy.Various options are available for the type and mode of payment of annuities. But...
Jeevan Nidhi (Plan No. 818)
Product Summary :LIC New Jeevan Nidhi(818) Plan is a conventional with profits pension plan which provides for death cover during the deferment period and offers annuity on survival to the date of vesting. Premium Payment Mode:Yearly, Halfly, Quarterly, Monthly(ECS)...
Nav Jeevan (Plan No. 853)
As I said above, LIC’s Nav jeevan Plan No.853 is a non linked, with profit, endowment plan. Under this plan, the premium can be paid either as a lump sum (Single Premium) or as a Limited Premium payment option of 5 years. LIC NavJeevan Policy Features Available on the...
Jeevan Nidhi Plan (Plan No. 818)
LIC’s New Jeevan Nidhi Plan is a conventional with profits pension plan with a combination of protection and saving features. This plan provides for death cover during the deferment period and offers annuity on survival to the date of vesting.• Minimum Basic Sum...
Anmol Jeevan Plan (Plan No. 822)
LIC's Anmool Jeevan II is a regular premium paying conventional without profit pure protection plan.• Minimum Basic Sum Assured: Rs. 6,00,000/- • Maximum Basic Sum Assured: Rs. 24,00,000/- • Minimum Policy Term: 5 years • Maximum Policy Term: 25...
Jeevan Pragati (Plan No. 838)
LIC's Jeevan Pragati Plan is a non-linked, with profits plan which offers a combination of protection and savings. This plan provides for automatic increase in risk cover after every five years during the term of the policy.• Minimum Basic Sum Assured: Rs....
Limited Premium Endowment Plan (Plan No. 830)
LIC's Limited Premium Endowment Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum...
Jeevan Rakshak Plan (Plan No. 827)
LIC's Jeevan Rakshak Plan is a regular premium paying Non-linked, With-Profits, Endowment Assurance plan. This plan shall be available to standard lives only without any medical examination and the total Sum Assured under all the policies issued to an Individual under...
New Jeevan Anand Plan (Plan No. 815)
LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of...