Sbi Ulip Plans vs Lic Life Insurance

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Sbi Ulip Plans vs Lic Life Insurance

COMPANY DETAILS Edit SBI ULIP Plans

Sbi Ulip Plans

Edit LIC Life Insurance

Lic Life Insurance

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit

Annual Premiums Collected (2024-25)

751.92 crores
Payout Options

Payout Options

-

Payout Options

Lump sum, regular frequencies or a combination of both
Claim ratio

Claim ratio

Minimum Age- 14 year%

Claim ratio

98.5%%
Solvency Ratio

Solvency Ratio

70 years

Solvency Ratio

1.98
Branches

Branches

Annual, half-yearly,

Branches

2048
Riders Available

Riders Available

10 to 30 years

Riders Available

Accidental Death and Disability Benefits Rider, Accidental Death Benefits Rider, Critical Illness Rider, Waiver Benefit Rider
Policy Term

Policy Term

10 to 30 years

Policy Term

5 to 40 years
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LIC Term Insurance

LIC Term Insurance

Overview

SBI ULIP Plans: Overview

To cater to your wealth creation needs, SBI offers 8 ULIP plans. Unit Linked Insurance Plans are investment-cum-life insurance policies. They offer two-fold benefits: investment while the policyholder is alive, and post-death benefits to the nominee. Read along to explore more about SBI ULIP Plans.

SBI ULIP Plans ensure to look after your investment needs by offering:

  • Enjoy life cover along with investment
  • Option to choose from Multiple Funds
  • Systematic Monthly Withdrawal
  • Hassle-free investment management

Riders

Riders You Can Avail with LIC Life Insurance Plans

Name of the rider Benefits
LIC Accidental Death and Disability Benefits Rider Additional benefits are offered if the policyholder is diagnosed with any of the critical illnesses mentioned or suffers disability due to an accident.
LIC Accidental Death Benefits Rider A lump sum amount is offered in case of the policyholder's demise due to an accident if you have opted for an accidental death benefit rider.
LIC Critical Illness Rider A lump sum amount is offered if the policyholder is diagnosed with any of the critical illnesses mentioned.
LIC Premium Waiver Benefit Rider Future premiums are waived off if the policyholder's demise is due to an accident or any of the critical illnesses mentioned, provided you have a premium waiver benefit rider.

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SBI ULIP Plans

To cater to your wealth creation needs, SBI offers 8 ULIP plans. Unit Linked Insurance Plans are investment-cum-life insurance policies.

SBI Ulip Plans Plans

SBI Ulip Plans

SBI Life Insurance Company offers a range of insurance products, including life, health, motor, and travel insurance. The SBI Life Smart Elite Plan is...

Unique Features

  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Pros)

SBI Smart Elite Plan
  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Cons)

SBI Smart Elite Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Smart Elite Plan (Other Benefits)

SBI Smart Elite Plan
  • Death Benefits
  • Maturity Benefits
  • Fund Switching

SBI Smart Elite Plan (Eligibility Criteria)

SBI Smart Elite Plan
  • Minimum entry age: 18 years
  • Maximum entry age: 60 years
  • Maximum sum assured: 105% of premiums
  • Maximum policy term: 30 years

SBI Ulip Plans

SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It offers a dual benefit of insurance and inve...

Unique Features

  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Pros)

SBI Life Smart Wealth Builder
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions

SBI Life Smart Wealth Builder (Cons)

SBI Life Smart Wealth Builder
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Life Smart Wealth Builder (Other Benefits)

SBI Life Smart Wealth Builder
  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Eligibility Criteria)

SBI Life Smart Wealth Builder
  • Minimum entry age- 7 years
  • Maximum entry age- 55 years
  • Maximum sum assured- 10* Annualized Premium
  • Maximum policy term- 30 years

SBI Ulip Plans

SBI Life Saral Maha Anand is a unit-linked, non-participating life insurance product that offers growth opportunities through capital market participa...

Unique Features

  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Pros)

SBI Saral Maha Anand
  • Guaranteed Additions of up to 30%
  • Requires no medical examination
  • Flexibility to choose from 3 fund options

SBI Saral Maha Anand (Cons)

SBI Saral Maha Anand
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Saral Maha Anand (Other Benefits)

SBI Saral Maha Anand
  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Eligibility Criteria)

SBI Saral Maha Anand
  • Minimum entry age - 18 years
  • Maximum entry age - 55 years
  • Minimum sum assured - Rs 10 x AP
  • Maximum sum assured - Higher of 20 x annualized premium
  • Maximum policy term - 30 years

LIC Life Insurance

LIC (Life Insurance Corporation of India) is one of the oldest life insurance companies, started in 1956, to offer insurance solutions to every Indian.

LIC Life Insurance Plans Plans

LIC Life Insurance Plans

LIC Jeevan Labh (Plan No: 936) is a limited premium paying, non-linked (not dependent on equity-based funds or the money/share market) with-profit end...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Labh (Pros)

LIC Jeevan Labh
  • Death Benefits
  • Maturity Benefits
  • Loyalty Additions

LIC Jeevan Labh (Cons)

LIC Jeevan Labh
  • No auto cover benefit
  • No return of premium
  • No premium waiver

LIC Jeevan Labh (Other Benefits)

LIC Jeevan Labh
  • Additional Rider Options
  • Grace Period
  • Loan Facility

LIC Jeevan Labh (Eligibility Criteria)

LIC Jeevan Labh
  • Minimum Entry Age: 18 Years
  • Maximum Entry Age: 65 Years
  • Minimum Sum Assured: Rs 1 Lakh
  • Maximum Sum Assured: No Limit

LIC Life Insurance Plans

This plan serves a dual role. Firstly, it safeguards a family financially after the untimely death of the policyholder. Secondly, upon maturity, it pr...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Premium Endowment (Pros)

LIC Premium Endowment
  • Death Benefits
  • Maturity Benefits
  • Loyalty Additions

LIC Premium Endowment (Cons)

LIC Premium Endowment
  • No coverage for pre-existing conditions
  • No surrender benefit
  • No guaranteed benefit

LIC Premium Endowment (Other Benefits)

LIC Premium Endowment
  • Choice of Premium Payment FrequencyPremiums can be paid monthly
  • quarterly
  • half-yearly
  • or yearly
  • offering flexibility to the policyholder.Grace PeriodA grace period of 15 days is provided for monthly premium payments
  • and 30 days for quarterly
  • half-yearly
  • or yearly payments.Additional Rider OptionsAdditional riders can be chosen with the base plan to enhance coverage.Tax BenefitsLIC Premium Endowment Plan offers tax benefits under Section 80C of the Income Tax Act
  • 1961
  • for premiums paid
  • up to ₹1.5 lakhs in a financial year.Loan FacilityThe policy offers a loan facility
  • subject to terms and conditions.

LIC Premium Endowment (Eligibility Criteria)

LIC Premium Endowment
  • Minimum entry age: 14 years
  • Maximum entry age: 45 years
  • Minimum sum assured: Rs 1 Lac
  • Maximum sum assured: Rs 5 Lac
  • Maximum policy term: 20 years

LIC Life Insurance Plans

LIC's Jeevan Tarun is a participating, non-linked, limited premium plan that offers a combination of protection and savings for your children. This pl...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Tarun (Pros)

LIC Jeevan Tarun

LIC Jeevan Tarun (Cons)

LIC Jeevan Tarun

LIC Jeevan Tarun (Other Benefits)

LIC Jeevan Tarun

LIC Jeevan Tarun (Eligibility Criteria)

LIC Jeevan Tarun

LIC Life Insurance Plans

The future of the world depends on the strength of children today. To ensure they are well-prepared, premium policies are available to secure their fu...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC New Children Money Back Plan (Pros)

LIC New Children Money Back Plan
  • Death Benefits
  • Maturity Benefits
  • Loyalty Additions

LIC New Children Money Back Plan (Cons)

LIC New Children Money Back Plan
  • No pre-existing condition
  • No auto cover
  • No guaranteed benefit

LIC New Children Money Back Plan (Other Benefits)

LIC New Children Money Back Plan
  • Additional Rider Options
  • Grace Period
  • Loan Facility

LIC New Children Money Back Plan (Eligibility Criteria)

LIC New Children Money Back Plan
  • Minimum entry age - 0 years
  • Maximum entry age - 12 years
  • Minimum sum assured - Rs 1
  • 00
  • 000
  • Maximum sum assured - No limit
  • Maximum policy term - 25 minus entry age

LIC Life Insurance Plans

The LIC Bima Bachat Plan (Plan No: 916) is a single premium participating endowment policy designed for individuals who prioritize financial security ...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Bima Bachat (Pros)

LIC Bima Bachat
  • Death Benefits
  • Maturity Benefits
  • Loyalty Additions

LIC Bima Bachat (Cons)

LIC Bima Bachat
  • No pre-existing condition coverage
  • No auto-cover benefit
  • No guaranteed benefit

LIC Bima Bachat (Other Benefits)

LIC Bima Bachat
  • Additional Rider Options
  • Grace Period
  • Loan Facility

LIC Bima Bachat (Eligibility Criteria)

LIC Bima Bachat
  • Minimum entry age: 15 years
  • Maximum entry age: 66 years
  • Minimum sum assured: Rs 35
  • 000
  • Maximum sum assured: No limit
  • Maximum policy term: 15 years

LIC Life Insurance Plans

LIC launched the Bima Diamond Plan (Table No. 841) on September 19, 2016 is a non-linked plan, meaning its performance is not dependent on the share m...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Bima Diamond (Pros)

LIC Bima Diamond
  • Death Benefits
  • Maturity Benefits
  • Loyalty Additions

LIC Bima Diamond (Cons)

LIC Bima Diamond
  • No Surrender Benefit
  • No Guaranteed Benefit

LIC Bima Diamond (Other Benefits)

LIC Bima Diamond
  • Additional Rider Options
  • Grace Period
  • Loan Facility

LIC Bima Diamond (Eligibility Criteria)

LIC Bima Diamond
  • Minimum Entry Age: 14 years
  • Maximum Entry Age: 45 years
  • Minimum SA: ₹1 crore
  • Maximum SA: ₹5 crore
  • Maximum Policy Term: 20 years

LIC Life Insurance Plans

When it comes to offering a complete insurance suite for comprehensive financial security in terms of health and life, you are in safe hands with Indi...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Arogya (Pros)

LIC Jeevan Arogya
  • Increasing health cover
  • No claim benefit
  • Premium waiver benefit

LIC Jeevan Arogya (Cons)

LIC Jeevan Arogya
  • No pre-existing condition
  • No surrender benefit
  • No guaranteed benefit

LIC Jeevan Arogya (Other Benefits)

LIC Jeevan Arogya
  • Hospital cash benefit
  • Ambulance Benefit
  • Premium waiver Benefit

LIC Jeevan Arogya (Eligibility Criteria)

LIC Jeevan Arogya
  • Minimum Entry Age: 91 days
  • Maximum Entry Age: 75 years
  • Minimum Sum Assured: ₹1
  • 00
  • 000
  • Maximum Sum Assured: No limit
  • Maximum Policy Term: 20 years

LIC Life Insurance Plans

LIC Jeevan Shagun is a non-linked, participating, savings with protection single premium Money-Back plan. The policy provides high life cover in the e...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Shagun (Pros)

LIC Jeevan Shagun
  • Death Benefits
  • Maturity Benefits
  • Loyalty Additions

LIC Jeevan Shagun (Cons)

LIC Jeevan Shagun
  • No specific benefits for pre-existing conditions
  • No surrender benefit
  • No guaranteed benefit

LIC Jeevan Shagun (Other Benefits)

LIC Jeevan Shagun
  • Additional Rider Options
  • Grace Period
  • Loan Facility

LIC Jeevan Shagun (Eligibility Criteria)

LIC Jeevan Shagun
  • Minimum Entry Age: 8 years
  • Maximum Entry Age: 45 years
  • Minimum Sum Assured: Rs 60
  • 000
  • Maximum Sum Assured: No limit
  • Maximum Policy Term: 12 years

LIC Life Insurance Plans

The LIC New Money Back Plan 20 Years (Plan No: 920) was launched on January 6, 2014, to cater to the financial needs of business and salaried individu...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC New Money Back 20 Years (Pros)

LIC New Money Back 20 Years
  • Death Benefits
  • Maturity Benefits
  • Loyalty Additions

LIC New Money Back 20 Years (Cons)

LIC New Money Back 20 Years
  • No pre-existing condition
  • No auto-cover continuance
  • No guaranteed benefit

LIC New Money Back 20 Years (Other Benefits)

LIC New Money Back 20 Years
  • Additional Rider Options
  • Grace Period
  • Loan Facility

LIC New Money Back 20 Years (Eligibility Criteria)

LIC New Money Back 20 Years
  • Minimum entry age - 13 years
  • Maximum entry age - 50 years
  • Minimum sum assured - Rs 1 lakh
  • Maximum sum assured - No limit
  • Maximum policy term - 20 years

LIC Life Insurance Plans

LIC Jeevan Akshay VI Plan is an immediate annuity pure pension plan for senior citizens, provided by one of the top-ranked insurance companies in Indi...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Akshay (Pros)

LIC Jeevan Akshay
  • Death Benefits
  • Maturity Benefits
  • Loyalty Additions

LIC Jeevan Akshay (Cons)

LIC Jeevan Akshay
  • No Pre-existing Condition Coverage
  • No Surrender Benefit
  • No Guaranteed Benefit

LIC Jeevan Akshay (Other Benefits)

LIC Jeevan Akshay
  • Additional Rider Options
  • Grace Period
  • High Sum Assured Rebates

LIC Jeevan Akshay (Eligibility Criteria)

LIC Jeevan Akshay
  • Minimum Entry Age: 25 years
  • Maximum Entry Age: 85 years
  • Minimum Sum Assured: Rs 2 lakh
  • Maximum Sum Assured: Rs 5 lakhs
  • Maximum Policy Term: 20 years

LIC Life Insurance Plans

Among LIC's many efficient plans, the Jeevan Shikhar Plan stands out for its benefits and simplicity. This endowment plan was initially launched as a ...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Shikhar (Pros)

LIC Jeevan Shikhar

LIC Jeevan Shikhar (Cons)

LIC Jeevan Shikhar

LIC Jeevan Shikhar (Other Benefits)

LIC Jeevan Shikhar

LIC Jeevan Shikhar (Eligibility Criteria)

LIC Jeevan Shikhar

LIC Life Insurance Plans

LIC's Aadhaar Stambh Plan (Plan No: 943, UIN: 512N310V01) is a non-linked, with-profits, regular premium-paying endowment plan. It is a combination of...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Aadhaar Stambh (Pros)

LIC Aadhaar Stambh
  • Death Benefits
  • Maturity Benefits
  • Participation in Profits

LIC Aadhaar Stambh (Cons)

LIC Aadhaar Stambh
  • No pre-existing condition
  • No surrender benefit
  • No guaranteed benefit

LIC Aadhaar Stambh (Other Benefits)

LIC Aadhaar Stambh
  • Additional Rider Options
  • Grace Period
  • High Sum Assured Rebates

LIC Aadhaar Stambh (Eligibility Criteria)

LIC Aadhaar Stambh
  • Minimum entry age - 8 years
  • Maximum entry age - 55 years
  • Minimum sum assured - Rs 2 lakh
  • Maximum sum assured - Rs 5 lakhs
  • Maximum policy term - 20 years.

LIC Life Insurance Plans

LIC’s Aadhaar Shila Plan (Plan No: 944) is a non-linked, with-profits, regular premium-paying endowment plan. This plan offers a combination of ...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Aadhaar Shila (Pros)

LIC Aadhaar Shila
  • Death Benefits
  • Maturity Benefits
  • Participation in Profits

LIC Aadhaar Shila (Cons)

LIC Aadhaar Shila
  • No pre-existing condition
  • No surrender benefit
  • No guaranteed benefit

LIC Aadhaar Shila (Other Benefits)

LIC Aadhaar Shila
  • Additional Rider Options
  • Grace Period
  • High Sum Assured Rebates

LIC Aadhaar Shila (Eligibility Criteria)

LIC Aadhaar Shila
  • Minimum Entry Age: 8 years
  • Maximum Entry Age: 55 years
  • Minimum Sum Assured: ₹75
  • 000
  • Maximum Sum Assured: ₹3 lakhs
  • Maximum Policy Term: 20 years

LIC Life Insurance Plans

LIC Jeevan Umang (Plan No: 945) is a conventional, with-profit, non-linked endowment plan with complete life insurance coverage. The policy provides r...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Umang (Pros)

LIC Jeevan Umang
  • Death Benefits
  • Maturity Benefits
  • Participation in Profits

LIC Jeevan Umang (Cons)

LIC Jeevan Umang
  • No pre-existing condition
  • No surrender benefit
  • No guaranteed benefit

LIC Jeevan Umang (Other Benefits)

LIC Jeevan Umang
  • Additional Rider Options
  • Grace Period
  • High Sum Assured Rebates

LIC Jeevan Umang (Eligibility Criteria)

LIC Jeevan Umang
  • Minimum entry age- 90 days
  • Maximum entry age- 55 years
  • Minimum sum assured- 2 lakh
  • Maximum sum assured- No limit
  • Maximum policy term: 100 minus age at entry

LIC Life Insurance Plans

LIC New Jeevan Anand is a participating non-linked plan that combines protection and savings. It offers financial protection against death throughout ...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC New Jeevan Anand (Pros)

LIC New Jeevan Anand
  • Death Benefits
  • Maturity Benefits
  • Participation in Profits

LIC New Jeevan Anand (Cons)

LIC New Jeevan Anand
  • No pre-existing condition
  • No surrender benefit
  • No guaranteed benefit

LIC New Jeevan Anand (Other Benefits)

LIC New Jeevan Anand
  • Additional Rider Options
  • Grace Period
  • High Sum Assured Rebates

LIC New Jeevan Anand (Eligibility Criteria)

LIC New Jeevan Anand
  • Minimum entry age - 18 years
  • Maximum entry age - 50 years
  • Minimum sum assured - ₹1 Lakh
  • Maximum sum assured - No limit
  • Maximum policy term - 35 years

LIC Life Insurance Plans

LIC Jeevan Rakshak Plan (Table No. 827) is a participating non-linked plan that provides a combination of insurance and savings. As the name suggests,...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Rakshak Plan (Pros)

LIC Jeevan Rakshak Plan
  • Death Benefits
  • Maturity Benefits
  • Participation in Profits

LIC Jeevan Rakshak Plan (Cons)

LIC Jeevan Rakshak Plan
  • No pre-existing condition coverage
  • No surrender benefit
  • No guaranteed benefit

LIC Jeevan Rakshak Plan (Other Benefits)

LIC Jeevan Rakshak Plan
  • Policy Revival
  • High Sum Assured Rebates
  • Additional Riders

LIC Jeevan Rakshak Plan (Eligibility Criteria)

LIC Jeevan Rakshak Plan
  • Minimum entry age: 8 years
  • Maximum entry age: 55 years
  • Minimum sum assured: Rs 75
  • 000
  • Maximum sum assured: Rs 2 lakhs
  • Maximum policy term: 20 years

LIC Life Insurance Plans

For the financial security of children and families, the LIC Jeevan Lakshya Plan (Plan No: 933) is the most suitable one. It is a collection of saving...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Lakshya Plan (Pros)

LIC Jeevan Lakshya Plan
  • Death Benefits
  • Maturity Benefits
  • Participation in Profits

LIC Jeevan Lakshya Plan (Cons)

LIC Jeevan Lakshya Plan
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

LIC Jeevan Lakshya Plan (Other Benefits)

LIC Jeevan Lakshya Plan
  • Additional Rider Options
  • Grace Period
  • High Sum Assured Rebates

LIC Jeevan Lakshya Plan (Eligibility Criteria)

LIC Jeevan Lakshya Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 50 years
  • Minimum sum assured- 1 lakh
  • Maximum sum assured- No limit
  • Maximum policy terrm- 25 years

LIC Life Insurance Plans

LIC New Endowment Plan-one of the best policy by LIC India. The LIC New Endowment plan (Plan No: 914) is a must-avail plan considering the many benefi...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC New Endowment Plan (Pros)

LIC New Endowment Plan
  • Death benefits
  • Maturity benefits
  • Participation in profits

LIC New Endowment Plan (Cons)

LIC New Endowment Plan
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

LIC New Endowment Plan (Other Benefits)

LIC New Endowment Plan
  • High sum assured rebate
  • Surrender benefit
  • Policy revival

LIC New Endowment Plan (Eligibility Criteria)

LIC New Endowment Plan
  • Minimum entry age- 8 years
  • Maximum entry age- 55 years
  • Minimum sum assured- 1 lakh
  • Maximum sum assured- No limit
  • Maximum policy term- 35 years

LIC Life Insurance Plans

It is a traditional endowment plan offering death and maturity benefits to the policyholder, along with a bonus facility. The premium is paid as a lum...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Single Premium Endowment (Pros)

LIC Single Premium Endowment
  • Death Benefits
  • Maturity Benefits
  • Tax Benefits

LIC Single Premium Endowment (Cons)

LIC Single Premium Endowment
  • No pre-existing condition
  • No surrender benefit
  • No guaranteed benefit

LIC Single Premium Endowment (Other Benefits)

LIC Single Premium Endowment
  • Loan Facility
  • High Sum Assured Rebate
  • Surrender Benefit

LIC Single Premium Endowment (Eligibility Criteria)

LIC Single Premium Endowment
  • Minimum entry age - 90 days
  • Maximum entry age - 65 years
  • Minimum sum assured - Rs 50
  • 000
  • Maximum sum assured - No limit
  • Maximum policy term - 25 years

LIC Life Insurance Plans

LIC Jeevan Saral is an Endowment Assurance plan where the proposer chooses the premium amount and mode of payment. The plan provides financial protect...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Saral (Pros)

LIC Jeevan Saral
  • Death Benefits
  • Maturity Benefits
  • Tax Benefits

LIC Jeevan Saral (Cons)

LIC Jeevan Saral
  • No pre-existing condition
  • No surrender benefit
  • No guaranteed benefit

LIC Jeevan Saral (Other Benefits)

LIC Jeevan Saral
  • Loan Facility
  • Loyalty Additions
  • Home Loan Surety

LIC Jeevan Saral (Eligibility Criteria)

LIC Jeevan Saral
  • Minimum entry age - 12 years
  • Maximum entry age - 60 years
  • Minimum sum assured - 5 lakhs
  • Maximum sum assured - Rs 25 lakhs
  • Maximum policy term - 35 years

LIC Life Insurance Plans

Pradhan Mantri Vaya Vandana Yojana is a single premium payment pension plan. This pension plan offers an option to either choose the amount of pension...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Pradhan Mantri Vaya Vandana Yojana (Pros)

LIC Pradhan Mantri Vaya Vandana Yojana
  • Death Benefits
  • Maturity Benefits
  • Pension Benefits

LIC Pradhan Mantri Vaya Vandana Yojana (Cons)

LIC Pradhan Mantri Vaya Vandana Yojana
  • No surrender benefit
  • No guaranteed benefit

LIC Pradhan Mantri Vaya Vandana Yojana (Other Benefits)

LIC Pradhan Mantri Vaya Vandana Yojana
  • Loan Facility
  • Surrender Benefits
  • Choice of pension payments

LIC Pradhan Mantri Vaya Vandana Yojana (Eligibility Criteria)

LIC Pradhan Mantri Vaya Vandana Yojana
  • Minimum Entry Age: 60 years
  • Maximum Entry Age: No limit
  • Minimum Sum Assured: -
  • Maximum Sum Assured: -
  • Maximum Policy Term: Whole life

LIC Life Insurance Plans

(A Perfect Gift For Your Beloved Daughter) LIC Kanyadan policy is the perfect financial coverage for your daughter with a very low premium. Unlike oth...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Kanyadan Policy (Pros)

LIC Kanyadan Policy
  • Child-focused planning
  • Life cover benefit
  • Premium waiver

LIC Kanyadan Policy (Cons)

LIC Kanyadan Policy
  • Lower returns
  • Inflation risk
  • Early exit loss

LIC Kanyadan Policy (Other Benefits)

LIC Kanyadan Policy
  • Death benefit
  • Tax savings
  • Guaranteed maturity

LIC Kanyadan Policy (Eligibility Criteria)

LIC Kanyadan Policy
  • Minimum Entry Age: 18 years
  • Maximum Entry Age: 50 years
  • Minimum Policy Term: 13 years
  • Maximum Policy Term: 25 years
  • Minimum Annual Premium: ₹3
  • 600
  • Maximum Maturity Age: 65 years

LIC Life Insurance Plans

Life Insurance Corporation (LIC) is an Indian insurance company owned by the Government of India. It was founded on 1st September 1956 and is headquar...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Shanti (Pros)

LIC Jeevan Shanti
  • Death Benefits
  • Maturity Benefits
  • Loan Faciliy

LIC Jeevan Shanti (Cons)

LIC Jeevan Shanti
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

LIC Jeevan Shanti (Other Benefits)

LIC Jeevan Shanti
  • No medical examinations
  • Reduction in annuity rates
  • Rebates

LIC Jeevan Shanti (Eligibility Criteria)

LIC Jeevan Shanti
  • Minimum entry age- 30 years
  • Maximum entry age- 79 years
  • Minimum sum assured- 1 lakh
  • Maximum sum assured- No limit
  • Maximum policy terrm- Subject to maximum vesting age

LIC Life Insurance Plans

LIC Jeevan Saathi is an endowment assurance policy that can secure the lives of both husband and wife.l It offers the required financial protection to...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Saathi (Pros)

LIC Jeevan Saathi
  • Partial withdrawals
  • Switching
  • Increase/decrease of life cover

LIC Jeevan Saathi (Cons)

LIC Jeevan Saathi
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

LIC Jeevan Saathi (Other Benefits)

LIC Jeevan Saathi
  • Additional riders to choose
  • Discontinuance of premiums
  • Choice of policy tenure

LIC Jeevan Saathi (Eligibility Criteria)

LIC Jeevan Saathi
  • Minimum entry age- 18 years
  • Maximum entry age- 55 years
  • Minimum sum assured- 1 lakh
  • Maximum sum assured- No limit
  • Maximum policy terrm- 20 years

LIC Life Insurance Plans

LIC Micro Bachat Plan (Table No. 951) is a traditional, non-linked, participating micro-insurance plan that offers dual benefits of protection as well...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Micro Bachat (Pros)

LIC Micro Bachat
  • No medical examination
  • Guaranteed additions
  • life insurance with savings

LIC Micro Bachat (Cons)

LIC Micro Bachat
  • Capped sum assured
  • Suicide not covered during first 2 years
  • No bonus participation

LIC Micro Bachat (Other Benefits)

LIC Micro Bachat
  • Maturity benefits
  • flexible premium payments
  • tax benefits

LIC Micro Bachat (Eligibility Criteria)

LIC Micro Bachat
  • Entry Age: 18 to 55 years
  • Maximum Maturity Age: 70 years
  • Policy Term: 10 to 15 years
  • Premium Payment Term- Equal to the policy term
  • Minimum Sum Assured: ₹50
  • 000
  • Maximum Sum Assured: ₹2 lakh

LIC Life Insurance Plans

LIC regularly introduces plans to meet different customer needs. The LIC Komal Jeevan Plan is specially designed for children aged 0 to 10 years.When ...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Komal Jeevan (Pros)

LIC Komal Jeevan
  • Death Benefits
  • Maturity Benefits
  • Survival Benefits

LIC Komal Jeevan (Cons)

LIC Komal Jeevan
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

LIC Komal Jeevan (Other Benefits)

LIC Komal Jeevan
  • Loyalty Additions
  • Guaranteed Additions
  • Surrender Value

LIC Komal Jeevan (Eligibility Criteria)

LIC Komal Jeevan
  • Minimum Entry Age: 90 days
  • Maximum Entry Age: 18 years
  • Minimum Sum Assured: ₹1 Lakh
  • Maximum Sum Assured: ₹25 Lakhs
  • Maximum Policy Term: 26 years

LIC Life Insurance Plans

LIC Navjeevan is a newly launched plan by the Life Insurance Corporation of India. It is a non-linked with profit endowment insurance plan. It is a co...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Navjeevan Plan (Pros)

LIC Navjeevan Plan
  • Annuity Options
  • Whole life cover
  • Participation in profits

LIC Navjeevan Plan (Cons)

LIC Navjeevan Plan
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

LIC Navjeevan Plan (Other Benefits)

LIC Navjeevan Plan
  • Multiple riders to choose from
  • Loan facility
  • Surrender value

LIC Navjeevan Plan (Eligibility Criteria)

LIC Navjeevan Plan
  • Minimum entry age- 90 days
  • Maximum entry age- 45 years
  • Minimum sum assured- 1 lakh
  • Maximum sum assured- No limit
  • Maximum policy terrm- 18 years

LIC Life Insurance Plans

LIC SIIP is a unit-linked non-participating individual life insurance plan that comes out as an opportunity to monetize the investment options offered...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC SIIP Plan (Pros)

LIC SIIP Plan
  • Maturity Benefits
  • Death Benefits
  • Additions

LIC SIIP Plan (Cons)

LIC SIIP Plan
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

LIC SIIP Plan (Other Benefits)

LIC SIIP Plan
  • Partial withdrawals
  • Switching
  • Revival

LIC SIIP Plan (Eligibility Criteria)

LIC SIIP Plan
  • Minimum entry age- 90 days
  • Maximum entry age- 65 years
  • Minimum sum assured- 1 lakh
  • Maximum sum assured- 10 Lac
  • Maximum policy term- 25 years

LIC Life Insurance Plans

LIC Bima Shree Policy is a traditional, non-linked, and with-profit money-back life insurance policy that features guaranteed additions to provide sec...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Bima Shree (Pros)

LIC Bima Shree

LIC Bima Shree (Cons)

LIC Bima Shree

LIC Bima Shree (Other Benefits)

LIC Bima Shree

LIC Bima Shree (Eligibility Criteria)

LIC Bima Shree

LIC Life Insurance Plans

LIC Nivesh Plus is a unit-linked, non-participating, and single-premium individual life insurance plan. It offers insurance cum investment benefits th...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Nivesh Plus (Pros)

LIC Nivesh Plus
  • Death Benefit
  • Maturity Benefit
  • Guaranteed Additions

LIC Nivesh Plus (Cons)

LIC Nivesh Plus
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

LIC Nivesh Plus (Other Benefits)

LIC Nivesh Plus
  • Partial Withdrawals
  • Switches
  • Payout in installments

LIC Nivesh Plus (Eligibility Criteria)

LIC Nivesh Plus
  • Minimum entry age- 90 days
  • Maximum entry age- 70 years
  • Minimum sum assured- 1 lakh
  • Maximum sum assured- No limit
  • Maximum policy terrm- 25 years

LIC Life Insurance Plans

Jeevan Akshay VII (Table No. 857) is a single premium, non-linked, and non-participating immediate annuity plan. It pays an annuity or pension to the ...

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure

LIC Jeevan Akshay VII (Pros)

LIC Jeevan Akshay VII
  • Loan Facility
  • Incentives
  • Multiple Annuity Options

LIC Jeevan Akshay VII (Cons)

LIC Jeevan Akshay VII
  • No Surrender Benefit
  • No Guaranteed Benefit

LIC Jeevan Akshay VII (Other Benefits)

LIC Jeevan Akshay VII
  • No Medical Examination
  • Guaranteed Annuity Rates
  • Free Look Period

LIC Jeevan Akshay VII (Eligibility Criteria)

LIC Jeevan Akshay VII
  • Minimum Entry Age: 18 years
  • Maximum Entry Age: 65 years
  • Minimum Sum Assured: ₹1 Lakh
  • Maximum Sum Assured: ₹10 Lakh
  • Maximum Policy Term: 67 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.