LIC Jeevan Umang

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

LIC Micro Bachat Plan (Table No. 951) is a traditional, non-linked, participating micro-insurance plan that offers dual benefits of protection as well as savings. As the name suggests ‘micro bachat’ means ‘small savings’, this plan is designed to provide financial support to the family in case of the unfortunate death of the policyholder. If the policyholder survives the policy tenure, a lump sum amount at the time of maturity is payable. The plan also provides a loan facility to take care of liquidity needs. The plan is ideal for the low-income groups. It is a newly launched product by LIC India, which is available at an affordable price with lots of benefits. Benefits such as Maturity benefits and Surrender benefits are available once the payment of 5 full years of premiums is paid. Under this policy, the insured can also avail loan during the policy tenure, provided full payment of premiums for at least 3 years. In the case of an active insurance plan, 70% of the loan can be availed on the total premium paid. Whereas in the case of a paid-up policy, loan for a 60% of the amount can be availed. Read Less

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... Read More

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 the insured's life. Under the same, the insured lives will be able to get the maturity amount and the end of the policy term. It is a unit-linked insurance plan under which a couple can get the required insurance coverage within a single policy. In this policy, the proposer will be called Principal Life Assured (P.L.A.) and the other life (husband/wife) will be called Spouse Life Assured (S.L.A.). Recently, this plan has gained so much popularity just because of its unique features. The plan allows the P.L.A. to choose the sum assured amount, under which both lives will be insured. It may also vary if you opt for a single premium or regular premium contract, as well as your age and the amount of premium agreed to pay. When it comes to regular premium policies, in case of the demise of the P.L.A. during the policy's tenure, the plan will help his/her spouse for waiver of all future premiums including outstanding premiums as well. Read Less

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... Read More

Life Insurance Corporation (LIC) is an Indian insurance company owned by the Government of India. It was founded on 1st September 1956 and is headquartered in Mumbai, India. LIC caters to different segments of insurance products including health, pension, unit-linked, and others. One of its key pension plans- LIC's New Jeevan Shanti (Plan No.858), is a non-linked, single premium, deferred annuity plan that allows the policyholder to choose between Single Life and Joint Life Annuity. The annuity rates are guaranteed to the policyholders at the inception of the policy and are paid post-deferment period throughout the lifetime of annuitants. This policy was launched on 21st October 2020. Before this, the LIC Jeevan Shanti was available in two different variants- Immediate and Deferred Annuity under which Option A to Option J was available under Immediate Annuity Option. With the issuance of a new policy, the deferred annuity option is available under LIC's New Jeevan Shanti Plan. Read Less

(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... Read More

(A Perfect Gift For Your Beloved Daughter) LIC Kanyadan policy is the perfect financial coverage for your daughter with a very low premium. Unlike other plans, this is a unique plan that organizes a backup fund for the future expenses of your daughter in support of her marriage and education. In India, when a girl child is born in a family, the first thing that bothers the family most is her education and marriage expenses. But now LIC has launched a plan which is really a great relief for the families by providing them with financial assistance in raising their daughters. You can read the ‘Kanyadan Policy’ details in Hindi also to know how the plan is designed as a combination of some researched plans so that it gives maximum profit and meets the basic requirements. Read Less

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... Read More

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 or the purchase price. The new Pradhan Mantri Vaya Vandana Yojana was launched on May 4, 2017. It is a government-subsidized pension scheme that provides an assured return of 7.66% per annum, paid monthly to the pensioner surviving during the policy term of 10 years. This plan is also exempted from Goods and Services Tax and is available for online purchases. Read Less

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

LIC Jeevan Saral is an Endowment Assurance plan where the proposer chooses the premium amount and mode of payment. The plan provides financial protection in case of death throughout the policy term. The death benefit is directly related to the premiums paid. The Maturity Sum Assured depends on the entry age of the life assured and is payable upon survival to the end of the policy term. It also offers flexible terms and liquidity. Under this plan, the insured person decides the premium amount and will receive approximately 250 times the monthly premium as Sum Assured. If the insured survives the entire tenure, they will receive the Maturity Sum Assured plus Loyalty Additions. The Maturity Sum Assured depends on different entry ages and policy terms, and is specified at the beginning of the policy. If the insured dies within the policy tenure, their nominee will receive the Sum Assured plus return of premiums (excluding first-year and extra/rider premiums), along with any Loyalty Addition. Read Less

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... Read More

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 lump sum at the start of the policy. This plan serves both investment and protection purposes, securing your family in case of an untimely demise. It offers guaranteed returns, making it a secure option for financial benefits. LIC's Single Premium Endowment Plan provides insurance cover, ensuring a lump sum amount is given to the family if an unfortunate incident occurs to the insured. This can be particularly beneficial if the insured is the family's breadwinner. LIC's single premium policy also offers rebates and a loan facility. Policyholders can also avail tax benefits under the Income-tax Act. Read Less

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... Read More

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 benefits it offers to the customer. It is a non-linked life insurance policy that offers guaranteed returns and bonuses. The policy offers a great bandwidth in the choice of the policy term. One can choose the duration of the policy from 12-35 years. It also has a stretched age limit wherein it can be availed by anyone between 8-55 years and the same can be continued to as long as 75 years. The Policy is entitled to regular premium payment for the entire tenure. If an insured person survives the policy term, he/she will be entitled to the maturity benefit that is, the Sum Assured along with the vested Simple Reversionary Bonus + Final Addition Bonus. Read Less

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... Read More

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 savings and investment. It is a limited premium paying plan that is not at all linked and classified With-Profits Endowment Assurance plan. This plan started in March in the year 2015. In the case of the death of the policyholder, this plan will provide an annual income that could be beneficial to the family of the deceased. A lump sum amount is also given at the end of the maturity period regardless if the policyholder is alive or not. This plan is not available online so to buy this plan agents and brokers are to be contacted. One can even buy this plan by visiting the branch offices of the company or visiting their executives. Read Less

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,... Read More

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, the plan offers life insurance as well as maturity benefits. This plan was introduced in August 2014 by the Life Insurance Corporation (LIC) of India. If the policyholder dies during the policy term before the maturity date, the plan offers financial assistance to the family of the insured. Upon maturity, a lump sum amount, along with loyalty additions (if applicable), is payable if the policyholder survives the term. The policy is an excellent choice for those with a low income, as it is one of the few insurance policies that provides a Sum Assured of less than one lakh rupees. The plan also provides a loan facility to meet the liquidity requirements of the insured. Read Less

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

LIC New Jeevan Anand is a participating non-linked plan that combines protection and savings. It offers financial protection against death throughout the policyholder's lifetime, along with a lump sum payment at the end of the selected policy term if the policyholder survives. The plan also addresses liquidity needs with a loan facility and provides necessary financial support to family members in case of the insured's demise. Additionally, the plan includes a survival benefit: if the policyholder survives until the end of the policy term, a lump sum amount is paid. Read Less

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 saving... Read More

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 savings and protection. LIC’s Aadhaar Shila Plan is primarily for female policyholders who have an Aadhaar card issued by UIDAI (Unique Identification Authority of India). This is a Loyalty Addition-based plan and does not require any medical tests. The plan provides financial assistance to the policyholder’s family in the event of their unfortunate demise even during the maturity period. If the policyholder survives the policy term, a fixed sum assured is paid upon maturity. Read Less

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... Read More

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 savings and protection. LIC’s Aadhaar Stambh Plan is exclusively for male policyholders holding Aadhaar cards issued by UIDAI (Unique Identification Authority of India). This is a loyalty addition-based plan that does not require medical tests and is available for standard healthy lives. It provides financial support to the family in case of the unfortunate death of the policyholder before maturity and a lump sum amount at the time of maturity for the surviving policyholder. Read Less

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 ... Read More

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 close-ended plan, available only for 120 days after its release, but the terms have since been revised. The plan offers significant cover, provided you are ready to take the associated risk, which is 10 times the usual tabular single premium. This non-linked, participating plan is a saving-cum-protection single premium plan. Policyholders can choose their desired maturity sum assured, and the premium varies accordingly. However, there is a minimum sum assured cap of Rs. 100,00. Any person between the ages of 6 and 45 can avail of this plan. It provides liquidity, allowing the insured person to avail a loan against the deposit. The policy term is 15 years, and the maturity sum assured will be in multiples of Rs. 20,000. Read Less

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... Read More

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 India, Life Insurance Corporation of India (LIC). It is a smart retirement investment plan where a lump sum amount is paid to purchase the policy. Under this annuity plan, the insured receives a pension at regular intervals immediately after the premium payment. The policyholder can select the type and mode of payment from multiple available options. The plan is ideal for retired individuals to remain independent and financially stable after retirement. Read Less

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... Read More

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 individuals in India. This is a fixed-period, non-linked, participating plan that protects the policyholder against death and disburses a periodic payout upon survival, equal to 20% of the Sum Assured, upon completion of five, ten, and fifteen years.A simple reversionary bonus also accrues upon policy maturity, and the plan comes with an add-on accidental death and disability coverage. Read Less

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... Read More

LIC Jeevan Shagun is a non-linked, participating, savings with protection single premium Money-Back plan. The policy provides high life cover in the event of the unfortunate demise of the policyholder, where the single premium paid depends on the maturity sum assured opted by the insured. On surviving till the end of a certain period and on the maturity date, a percentage of the Maturity Sum Assured is paid by LIC. The plan was launched on September 1st, 2014, for a period of 90 days as it was a close-ended plan. For new buyers looking for a similar LIC one-time investment plan, you will find comparisons with other plans currently offered by LIC. The single premium paid for the plan varies based on factors like the policy term, the insured person’s age, the sum assured chosen, etc. After purchasing the policy, tax benefits are also available. Read Less

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... Read More

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 India's leading and trusted insurance brand, the Life Insurance Corporation of India. Since its inception, LIC has surpassed several landmarks and set phenomenal performance records in various domains of life and health insurance, offering competitive costs. The company ensures that all funds are invested, keeping in mind the best interests of investors, so they earn handsome returns. Below is an overview of LIC's health insurance plans. As you know, focusing on health and associated costs is a crucial aspect of everyone's financial planning. With healthcare costs rising significantly over the last decade, even for minor ailments, it is essential to consider a plan to safeguard your finances as you grow older. Read Less

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... Read More

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 market. It is a limited premium paying money-back plan where the policyholder pays premiums for a shorter duration than the policy coverage period. It combines insurance and savings, providing financial security for the family in the event of the policyholder's unfortunate demise. This was a close-ended plan, with enrollment closing on August 31, 2017, coinciding with LIC's Diamond Jubilee Year. Read Less

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

The LIC Bima Bachat Plan (Plan No: 916) is a single premium participating endowment policy designed for individuals who prioritize financial security and savings. It functions as a traditional cash-back plan, offering scheduled payments along with the return of the entire premium and loyalty additions upon policy completion. Read Less

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... Read More

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 future. LIC's New Children Money Back Plan (Plan No: 932) is designed to benefit growing children. Parents and grandparents often choose this policy for two key reasons: it provides security until the child turns 25 and offers a lump sum maturity amount for important life goals. Read Less

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... Read More

LIC's Jeevan Tarun is a participating, non-linked, limited premium plan that offers a combination of protection and savings for your children. This plan is designed to meet the educational and other needs of your growing child with annual survival benefit payments from ages 20 to 24 years and a Maturity Benefit at the age of 25 years. It is a flexible plan where the proposer, at the proposal stage, can select the proportion of survival benefits to be availed during the policy tenure as per the options stated below. Read Less

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

This plan serves a dual role. Firstly, it safeguards a family financially after the untimely death of the policyholder. Secondly, upon maturity, it provides a substantial sum of money to the policyholder. Each year, a bonus amount is added to the main sum assured. The name itself suggests that this is a limited premium payment plan. This means premiums are payable for a limited period, after which the policyholder no longer needs to make payments. This is one of the most attractive features of this plan. For example, if the policy matures after 12 years, the policyholder might only need to pay premiums for 8 years. The full policy amount is paid upon the policyholder's untimely death before maturity or upon natural maturity. Read Less

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... Read More

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 endowment plan that offers various benefits to its clients. It provides a combination of protection and savings, ensuring you stay protected and can save money efficiently. It also offers financial support to their family in need in case of the insured's unfortunate demise. This is a basic endowment plan where you pay premiums for a limited time. At the end of the policy term, you receive the Maturity Benefits. In case of the policyholder's death during the policy term, the nominee will receive the Death Benefit, which includes the Sum Assured and bonuses. Read Less