Life Insurance

Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

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Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

LIC – Endowment Plans

New Endowment Plan - 914

LIC’s New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features.

New Jeevan Anand - 915

LIC’s New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings.

NEW BIMA BACHAT - 916

LIC’s New Bima Bachat is a participating non-linked savings cum protection plan, where the premium is paid in a lump sum at the outset of the policy.

Single Premium Endowment - 917

LIC’s Single Premium Endowment Plan is a non-linked, participating, individual, life assurance savings plan.

Jeevan Lakshya - 933

LIC’s Jeevan Lakshya is a non-linked, participating, individual, life assurance savings plan.

Jeevan Labh - 936

LIC’s Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings.

Aadhaar Stambh - 943

LIC’s Aadhaar Stambh is non-linked, with-profits, regular premium endowment assurance plan.

Aadhaar Shila - 944

LIC’s Aadhaar Shila is non-linked, with-profits, regular premium endowment assurance plan.

Dhan Sanchay is an endowment Plan that provides guaranteed income along with protection. It provides guaranteed income benefit (GIB) from the date of maturity and guaranteed terminal benefit (GTB) as lump sum payment along with the last installment of guaranteed income benefit.

Macro Plans

New Jeevan Mangal Plan - 840

LIC’s New Jeevan Mangal Plan is a Non-Linked, Non-Participating, Individual, Life, Micro Insurance Term Plan (with Return of Premiums on Maturity).

Micro Bachat - 851

LIC’s Micro Bachat is a Regular Premium, Non-Linked, Participating, Individual, Life, Micro-Insurance Savings Plan with Auto Cover facility.

Protection Plan

Jeevan Amar-855

LIC’s JEEVAN AMAR plan is a Non-Linked, Without Profit, pure protection plan.

Whole Life Plan

Jeevan Umang - 945

LIC’s Jeevan Umang Plan is a non-linked, participating, individual, life assurance savings plan.

New Jeevan Anand - 915

LIC’s New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings.

Children Protection Plan

Children Money Back-932

LIC’s New Children’s Money Back Plan is a Non-Linked, Participating, Individual, Life Assurance Savings Money Back type plan

Jeevan Tarun - 934

LIC’s Jeevan Tarun Plan is a non-linked, participating, life assurance savings plan

Jeevan Lakshya - 933

LIC’s Jeevan Lakshya is a non-linked, participating, individual, life assurance savings plan.

Retirement Plans

New Jeevan Shanti-858

New Jeevan Shanti is a non-linked, non-participating, individual, single premium Deferred Annuity Plan. The annuity rates at the inception of the policy are guaranteed for the lifetime.

Jeevan Akshay VII-857

LIC’s Jeevan Akshay VII is a single Premium Annuity Plan giving immediate Annuity for life time

Pradhan Mantri Vaya Vandana Yojana - 856

This is a Government subsidized scheme for senior citizens above age 60. This is a single premium policy which provides assured return of 7.4% p.m. (effectively 7.66% p.a.)

Ulip

Nivesh Plus - 849

LIC’s Nivesh Plus is a Single Premium, Non-Participating, Unit Linked, Individual Life insurance plan which offers insurance cum investment during the term of the policy.

SIIP Plan - 852

LIC’s SIIP is a Regular Premium, Non-Participating, Unit Linked, Individual Life insurance plan which offers insurance cum investment during the term of the policy.

New Endowment Plus - 935

LIC’s New Endowment Plus is a Regular Premium, Non-Participating, Unit Linked Insurance plan, which offers investment-cum-insurance during the term of the policy.

Money Back Plans

New Bima Bachat - 916

LIC’s New Bima Bachat is a Single Premium, Non-Linked, Participating, Individual Life Assurance, money back plan.

New Money Back Plan - 920

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.

New Money Back Plan-25 years - 921

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.