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LIC Investment Plans

LIC Investment Plans help individuals achieve financial goals like education, retirement, and family protection, ...Read More

Minimum Age - 5 year
Claim settlement ratio
Rs 50,000 to No limit
Annual Premium
80 years
Solvency ratio
🛡️ IRDAI Approved
⭐ 4.6/5 · 921 reviews
✅ Minimum Age - 5 year claim settlement ratio
📊 80 years solvency ratio
🌐 Annual, half-yearly, pan-India

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.

Written by Himanshu Kumar
Reviewed by Raj Kumar
Published: 3 Jan 2025
Updated: 27 Jul 2026
Expert Verified
IRDAI Licensed

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

LIC Investment Plans offer several key features:

  • 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.

Exclusions of LIC Investment Plans

  • 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.

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

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 to Purchase LIC Investment Plans

To purchase LIC Investment Plans, the following documents are typically required:

  • Photo ID Proof
  • Age Proof
  • Address Proof
  • Medical Records
  • Income Proof

Photo ID Proof

Passport, Aadhaar card, PAN card, or Driving license.

Age Proof

Passport, Aadhaar card, PAN card, or Driving license.

Address Proof

Utility bill, passport, voter ID, or ration card.

Medical Records

If requested by the insurer.

Income Proof

Bank statement or last three months' salary slips (for salaried individuals).

How to Calculate Premiums

  1. Visit the official website of LIC.
  2. Click on 'Wealth Creation' on the navigation bar and select your desired plan.
  3. Click on the 'Buy Now' button and fill in the required details.
  4. Tap 'Next' and select a plan based on your requirements.
  5. Select your desired cover option and complete the payment. A payment confirmation will be sent to your registered email address.

How to Port Your Policy

  1. Visit PolicyX.com.
  2. Click on the 'Investment' tab.
  3. A new page will appear.
  4. Fill out the form with the necessary details.
  5. Select your income and city, then click 'Proceed'.
  6. Update your education and occupation details.
  7. Choose your preferred plan and click 'Buy this Plan'.
  8. Select the policy term, premium period, investment amount, and riders (if required), then proceed to payment.

Video reviews

6 Best LIC Plans to Invest

6 Best LIC Plans to Invest

This video covers the 6 best LIC investment plans

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 Singh

I 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 Varshney

I'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 Mary

I 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 Shah

PolicyX 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 Rathod

I 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 Mahajan

Frequently asked questions

The 4 most-asked questions about LIC Investment Plans, answered.

You’ll need to fill in a claim form and call the financial adviser from whom to procure the policy. You must submit the relevant files to help your claim. If the claim application is accepted, you may get a cheque within 7 working days. If the claim is rejected, then you’ll be receiving a letter explaining the reason for rejection.
The sum assured for the policy is reduced than the one which is chosen at the time of inception of the policy due to non-payment of premiums for consistently 3 years. The company will not pay reversionary bonus and profit bonus under a paid up policy.
LIC provides a grace period of 15 days for monthly premium payments and 30 days for any other premium payment frequency. The policy will lapse if you do not make the payment within the grace period. However, you will be able to renew the policy within 2 years from the initiation date.
No, LIC pays the surrender benefit only if the policyholder pays the premiums for at least 3 full policy years.

Customer satisfaction

Aggregate ratings from 921 verified PolicyX customers who bought a LIC Investment Plans plan.

4.6
out of 5
921 reviews
5 star
60%
4 star
25%
3 star
10%
2 star
4%
1 star
1%

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