ChatGPT
Claude
Perplexity
LIC Investment Plans
LIC Investment Plans
What you get with LIC Investment Plans
The headline features and policy mechanics, at a glance.
Annual Premium Rs 50,000 to No limit
Affordable premium options starting from entry-level to comprehensive whole-life protection.
Minimum Age - 5 year claim settlement ratio
Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.
80 years solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
Annual, half-yearly, pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
LIC Investment Plans: Overview
The Life Insurance Corporation of India (LIC) is the oldest player in India's insurance sector, serving the country's insurance needs for a long period. As a leading player in the market, LIC has maintained its reputation as the largest insurance company in India.
LIC Investment Plans are tailored to meet customers' financial and investment needs, such as education, health, life cover, children's marriage, and retirement. These plans are designed to effectively address financial burdens during life's emergencies and uncertainties.
LIC Investment Plans are designed to meet your investment needs by offering:
- Maturity benefits
- Death benefits
- Participation in profits
- Additional riders to choose from
Features of LIC Investment Plans
Good Solvency Ratio: LIC Life Insurance has a Solvency Ratio of 1.8 as per the IRDAI annual report 2023-24.
Annual Premiums: As per the IRDAI annual report of 2023-24, the annual premium of LIC Life Insurance is Rs 474668 Cr.
Pan-India Presence: LIC has a pan-India presence with over 500 branch offices across India.
Video reviews
6 Best LIC Plans to Invest
This video covers the 6 best LIC investment plans
Benefits of LIC Life Investment Plans
There are multiple benefits of LIC Life Investment Plans. Explore the numerous advantages offered by the insurer.
Guaranteed Maturity Benefit
LIC Life Investment Plans offer guaranteed maturity benefits once the policy matures, along with applicable additions and bonuses.
Additional Bonuses
Various LIC Investment Plans offer additional bonuses to policyholders along with fixed maturity benefits.
Flexible Plans
LIC Investment Insurance plans offer various coverage options, allowing you to select a plan that meets your needs.
Additional Rider Options
LIC Investment Plans allow you to choose additional rider options as per your requirements by paying an additional amount.
Tax Benefits
Tax Benefits: Premiums paid for LIC Investment plans are eligible for tax benefits under the Income Tax Act 1961.
Riders You Can Avail With LIC Investment Plans
| Name of the Rider | Benefits |
|---|---|
| LIC Accidental Death and Disability Benefit | This rider provides additional coverage in the event of the insured person's accidental death or disability. |
| LIC Accident Benefit Rider | This rider can be added at any time during the policy term of the basic plan, provided both the premium payment and rider terms are at least 5 years. |
| LIC New Term Assurance Rider | Under this rider, an amount equal to the sum assured is paid if the policyholder dies within the policy period. This rider can only be purchased at policy inception. |
| LIC New Critical Illness Benefit Rider | The Critical Illness Sum Assured is payable upon the first diagnosis of any of the 15 critical illnesses specified under this rider. |
Documents required
For policy purchase and claim submission. Have these ready before you start.
Photo ID Proof
Age Proof
Address Proof
Medical Records
Income Proof
How to Buy a LIC Investment Plans Plan?
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
- Visit the PolicyX.com website or the LIC Investment Plans official website to compare and choose a suitable life plan.
- Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
- Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
- Fill in the proposal form with your contact details, nominee information, and medical history accurately.
- Upload the required documents: identity proof, address proof, income proof, and recent photographs.
- Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
- Complete the medical examination if required (depends on your age and sum assured).
- Receive your policy document via email and registered post after underwriting approval.
- Log in to the LIC Investment Plans customer portal or the PolicyX.com dashboard before your policy renewal date.
- Review your existing policy details — coverage, premium amount, and nominee information.
- Choose to continue with the same plan or upgrade your sum assured if eligible.
- Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
- Download the renewed policy document from your registered email or the insurer portal.
- Visit the official website of LIC.
- Click on 'Wealth Creation' on the navigation bar and select your desired plan.
- Click on the 'Buy Now' button and fill in the required details.
- Tap 'Next' and select a plan based on your requirements.
- Select your desired cover option and complete the payment. A payment confirmation will be sent to your registered email address.
What's covered — and what's not
The standard inclusions and exclusions across LIC Investment Plans plans. Specific plans may add benefits — always check the policy wording before purchase.
✗ Exclusions
- If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death benefit. They receive just the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater.
Conclusion
In conclusion, LIC Life Insurance offers a range of flexible, customer-centric investment plans tailored to meet various financial needs and life goals. With its strong digital presence, best claim settlement record, and diverse product portfolio, LIC Life stands out as a trusted partner for securing one's financial future. For more information related to LIC Life Investment Plans, you can contact PolicyX.com 24/7. Our trusted insurance experts can help you find the best possible solution for you.
Why Choose PolicyX.com?
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanFrequently asked questions
The 4 most-asked questions about LIC Investment Plans, answered.
Customer satisfaction
Aggregate ratings from 917 verified PolicyX customers who bought a LIC Investment Plans plan.
Life Insurance Articles
Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
Compare Life Insurance Companies
Pick any two insurers to see a detailed side-by-side comparison.
Other Life Insurance Companies
Compare LIC Investment Plans life plans with other top insurers in India.
Share your Valuable Feedback
Rated by 917 customers
Was the Information Helpful?
Select Your Rating
We would like to hear from you
Let us know about your experience or any feedback that might help us serve you better in future.
Do you have any thoughts you'd like to share?