Life Insurance Corporation of India (LIC of India)

The Life Insurance Corporation of India (LIC) is India's largest life insurance company and a state-owned organisation. Established in 1956, LIC has been providing insurance coverage to millions of individuals and families across the country for over six decades. With a wide range of insurance products and services, LIC has become a trusted name in the insurance industry in India. 

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Interesting Facts About Life Insurance Corporation of India?

  • To make Life Insurance accessible for all, the Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and after that the Life Insurance Corporation of India was established on September 1, 1956.

  • As per the IRDAI Annual Report of 2021-22, the Life Insurance Corporation of India holds 61.80 per cent market share in the Indian insurance market.

  • The company has a solvency ratio of 1.75 in the financial year 2021-22. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations.

Why Opt for LIC Life Insurance Plans?

LIC is one of the largest insurance companies with more than 25 Crore clients and offers a comprehensive range of life insurance plans. LIC offers term plans with affordable premiums and high coverages, irrespective of one’s occupation. There are other reasons also to choose LIC as a life insurance company. Let’s discuss them in detail:

  • Over 66 Years of Trust: As per IRDAI annual report 2020-21, LIC has successfully paid over 98% of the LIC policy claims filed by nominees. With its customer-centric approach, LIC has become one of the top Life Insurers in India, and 5th largest in the world.

  • Strong Global Presence: According to Brand Finance-2021, LIC is the 3rd strongest global brand. As of September 2022, the company had around 13.35 lakh agents and has sold 27.80 crore policies.

  • Backing of the Central Government: All policy buyers want to invest their hard-earned money in a safe place. As per section 37 of the LIC Act, 1956, all the LIC policies are guaranteed by the Central Government. This gives LIC policy buyers a sense of security.

  • Going Abroad: LIC operates in Bahrain, Kuwait, UAE (Dubai and Abu Dhabi),Sri Lanka, Nepal, Singapore and Oman. The company has their Foreign branches in Fiji, Mauritius and the United Kingdom.

  • PAN India Network: For the policyholder’s convenience, LIC operates with 1381 satellite offices and 2048 computerized branch offices, 113 divisional offices and 8 zonal offices. With such a widespread network, LIC ensures to cater to all your insurance related queries. 

  • A comprehensive range of products: The company offers a wide range of products in the life insurance market. The plans are quite affordable and offer high coverage at low premium rates. Apart from a vast range of insurance and investment products, LIC India caters to the diverse consumer needs by offering LIC savings plans, ULIPs, and endowment plans to pension plans.

  • Introducing new innovations in the industry: In every quarter, LIC introduces new products which are specifically designed for the well-being of society. It is the first to introduce micro-insurance plans in India, helping those individuals who are living below the poverty line to get insurance at a low cost. 

  • Use of Updated Technology: The company uses technology like LAN, WAN, IVRS, and EDMS, which helps customers to opt for paperless documentation. 

  • High Claim Settlement Ratio: CSR is the number of claims that are paid to customers by the insurer to the total number of claims received by the insurer. The CSR of LIC is 98.74% for FY 2021-22, indicating fast settlement of claims. 

  • Simple Policy Purchase: Whether you purchase a LIC policy online or offline, the process is simple. If you choose to buy a LIC policy online, you also get special discounts and other benefits.

  • 24X7 Customer Support: LIC of India has unparalleled customer support. For helping their customers, the customer support of LIC is available 24X7.

  • Tax Benefits of LIC Policy: With every LIC policy, you also get tax benefits under the following sections of the Income Tax Act:

    • Section 80C

    • Section 80CCC

    • Section 80D

    • Section 80DD

    • Section 10(10D)

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Types of LIC Plans

The LIC of India offers an array of insurance and investment products to cater to the needs of a diverse range of customers. Let us take a look at the various types of plans offered by LIC:

  1. LIC Unit-Linked Plans

    These plans allow customers to invest in the equity market to grow their wealth through market-linked returns. A part of the premiums paid towards the policy goes towards this investment and the remaining is used to secure a life cover that protects the financial future of dependents.

    Unit-linked insurance plans (ULIP) offered by LIC are –

    LIC ULIP Name Minimum Premium
    LIC's SIIP Annually - Rs.40,000
    LIC’s Nivesh Plus One-time premium - Rs.1 Lakh
    LIC’s New Endowment Plus Annually - Rs.20,000

  2. LIC Pension Plans

    Everyone should save enough to live a financially protected retirement life. LIC of India offers several pension plans to guarantee financial stability in old age. One of the Latest LIC Pension Plan is the LIC New Pension Plus Plan, which offers market-linked returns and a regular pension source.

    These are the four other pension plans that LIC of India offers:

    LIC Pension Plan Name Plan Type Minimum Purchase Price
    LIC New Pension Plus Plan ULIP (Deferred/Immediate) For Regular Premium Payment: Rs. 3,000 monthly
    For Single Premium Payment: Rs. 1,00,000
    LIC New Jeevan Shanti Deferred Annuity Option Rs 1.5 Lakhs
    LIC Jeevan Akshay –VII Individual Immediate Annuity Plan Rs 1 Lakhs
    LIC Saral Pension Individual Immediate Annuity Plan NA
    Pradhan Mantri Vaya Vandana Yojana Pension Scheme Rs. 1,56,658/- annually

  3. LIC Endowment Plans

    The LIC of India endowment plans promises a life cover for the insured and increased savings opportunities. These plans offer a guaranteed maturity benefit on surviving the whole policy term, and therefore, can be used to save for the future.

    These are the endowment plans that LIC of India offers:

    LIC Endowment Plan Name Minimum Sum Assured
    LIC Bima Jyoti Rs. 1,00,000
    LIC New Endowment Plan Rs. 1,00,000
    LIC Single Premium Endowment Plan Rs. 50,000
    LIC New Jeevan Anand Rs. 1,00,000
    LIC Jeevan Labh Rs. 2,00,000
    LIC Aadhaar Shila Rs. 75,000
    LIC Jeevan Lakshya Rs. 1,00,000
    LIC Aadhaar Stambh Rs. 75,000
    LIC Dhan Sanchay Rs. 2.5 Lakhs
    LIC Bima Ratna Rs. 5,00,000

  4. LIC Whole Life Plans

    LIC of India also offers a whole life plan that offers insurance coverage throughout the lifetime of the insured.

    The following whole life insurance plan is offered by LIC of India:

    LIC Whole Life Plan Name Minimum Sum Assured
    LIC Jeevan Umang Rs.2,00,000

  5. LIC Money Back Plans

    Money-Back Plans are life insurance policies that provide life cover during the policy term. Such LIC plans offer a fixed percentage of the sum assured on maturity on surviving certain policy years. These are called survival benefits in LIC.

    LIC Money Back Plan Name Minimum Sum Assured
    LIC Jeevan Shiromani Rs. 1,00,00,000
    LIC Jeevan Tarun Rs. 75,000
    LIC New Money Back Plan- 20 years Rs. 1,00,000
    LIC New Children’s Money Back Plan Rs. 1,00,000
    LIC New Money Back Plan- 25 years Rs. 1,00,000
    LIC Bima Shree Rs. 10,00,000
    LIC Dhan Rekha Rs. 2,00,000
    LIC New Bima Bachat For 9 years: Rs. 35,000
    For 12 years: Rs. 50,000
    For 15 years: Rs. 70,000

  6. LIC Term Insurance Plans

    LIC term insurance plans protect the family of the insured against his/her death at affordable costs. These LIC insurance plans assure financial benefit on the death of the policyholder during the policy term. The LIC of India usually does not pay maturity value under term plans if the individual survives until the end of the policy tenure.

    The term plans offered by the Life Insurance Corporation of India are as under:

    LIC Term Plan Name Policy Term Sum Assured
    LIC Tech Term 10 to 40 years Rs.50,00,000
    LIC Jeevan Amar 10 to 40 years Rs.25,00,000
    LIC Saral Jeevan Bima 5-40 years Rs.5,00,000
    LIC Bhagya Lakshmi Premium Paying Term +2 years Rs.50,000

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

LIC Riders

Riders or add-on benefits are optional or sometimes in-built additional protections that you can attach to your base LIC policy to enhance its coverage. You have to pay an additional premium to purchase a rider on top of your base LIC policy.

Here is the list of riders that LIC offers with its insurance policies:

LIC Riders
LIC's Accidental Death and Disability Benefit Rider LIC's Accidental Death Benefit Rider LIC's Premium Waiver Benefit Rider LIC’s New Critical Illness Benefit Rider LIC's New Term Assurance Rider

How to Choose a Suitable LIC Policy?

To purchase a suitable LIC policy, you need to keep the following factors in mind:

  1. Identify Needs & Choose Coverage Amount

    Choose the insurance coverage amount (sum assured) wisely by taking into account your current income, savings, number of dependents, future goals, etc. You should keep in mind the requirements of your family as well as your earnings and expenditure.

  2. Choose a particular type of insurance policy

    Based on your future goals, pick a type of plan that can help you fulfill them. For instance, if your goal is retirement planning, look at LIC pension schemes for senior citizens. Alternatively, explore ULIPs if you want to grow your wealth.

    Broadly we can divide LIC products into five different categories (as mentioned above). These categories are:

    • LIC Unit-Linked Plans

    • Endowment Plans

    • Pension Plans

    • Whole Life Insurance Plans

    • Money-Back Plans

    • Term Insurance Plans

  3. Compare Different Plans & Their Features

    Now that you have a type, shortlist plans from that category that fall on your budget. Look for additional features that can increase your savings. These may include guaranteed additions, profit participation, loan benefits, loyalty additions, premium waiver, etc.

  4. Calculate the Premium & Maturity Amount Online

    There are LIC maturity and premium calculators available online. You can use this tool to get to know the premium that you have to pay on regular basis as well as the maturity amount that you will get. Getting to know about these two values will let you decide and choose a suitable LIC insurance policy.

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LIC e-services

LIC e-services enable users to carry out insurance-related activities from the comfort of their homes through its official website or mobile application. From policy registration to checking claim status, everything can be done in a few clicks.

Here is the range of services that customers and policyholders can access on LIC’s online platform.

  • Compare plans

  • Premium calculator and Benefit Illustration

  • Online premium payment

  • Review policy status

  • Loan application

  • Check claim status

  • Check policy revival price

  • Access to forms for various services

  • Grievance registration

Here is the range of services that customers and policyholders can access on LIC’s online platform.

  1. How to Register for LIC’s e-Services?

    Customers have to register on LIC’s online customer platform to be able to use the services mentioned above. Here are the steps to do so.

    • Visit the Customer Portal on LIC's website and click on New User.

    • Choose User ID and password. Click on Submit.

    • Login to your account and choose Basic Services to add your policy.

    • To access LIC’s premier online services, fill up the Registration form and print it.

    • Sign this form; then scan it along with the PAN card or passport.

    • Upload the scanned images and click on Submit Request.

    • Once the details are verified by a Customer Zone Official, you will receive an acknowledgment by email or SMS.

  2. What Are the LIC of India Mobile Apps?

    LIC India has several mobile applications to make insurance purchases convenient and less time-consuming. Find below the list of LIC applications that offers access to all its products, features, and services.

    • My LIC - This is the LIC app store that provides links to its other applications. Users can download whichever app they need through My LIC.

    • LIC Customer - This app offers detailed information about LIC's products and services. From the online premium payment, checking the policy status, etc. to benefit illustration and plan brochures, you will find everything on this mobile application.

    • LIC PayDirect - This application allows policyholders to repay loan amounts and to pay renewal premiums and the interest on the loan. You can use this app to make payments even without registering for LIC’s online portal.

    • LIC Quick Quotes - This LIC app allows users to calculate premiums before actually purchasing a plan. This helps them understand how affordable a plan is. They can also see the death and maturity amount applicable under a plan. This information can be used for better financial planning.

  3. How to Buy LIC Policy Online?

    Here is a step-by-step guide on how to purchase a LIC policy through its online portals.

    • Visit the website of LIC.

    • Under Buy Online Policies, go to the Click Here option.

    • Choose the policy you want from the list.

    • Go to Click to Buy Online.

    • You will be asked to provide COVID-19-related information.

    • Click on Proceed to fill in your Contact Details

    • You will be offered an Access ID. Insert the OTP that you will receive on your phone.

    • Fill in policy-related details such as policy term, sum assured premium payment criteria, etc.

    • Click on Calculate Premium.

    • If everything is in order, proceed to the premium payment.

    • You will receive a confirmation in your mail or SMS once the transaction is successful.

  4. How to Find The LIC Policy Number?

    • To find the LIC policy number, all you have to do is visit the LIC customer portal on LIC’s website.

    • Click on the ‘Registered User’ option.

    • Login to your account using the user ID and password that you had set when you registered for its services.

    • This will display the policy numbers of all your active LIC policies that were enrolled by you on the portal.

  5. How to Check LIC Policy Status Online?

    You can check the LIC policy status online through its website or mobile application.

    • If you are a new user, you will have to register for its e-services.

    • You can then proceed to add your policies to your account.

    • Once the registration is successful, you can log in to view the status of your LIC policy.

    • If you are an already registered user, simply log in to your account for the same.

  6. How to Check LIC Policy Status Without Registration?

    You can use LIC’s SMS service to check LIC policy status without registration. All you have to do is -

    SMS ASKLIC<policy number>STAT to 56767877 from your registered phone number. Other types of queries for which you can use the SMS service are:

    • Revival Sum - ASKLIC(Policy Number)REVIVAL

    • Bonus Additions - ASKLIC(Policy Number)BONUS

    • Installment premium - ASKLIC(Policy Number)PREMIUM

    • Status of Added Nominations - ASKLIC(Policy Number)NOM

    • Loan Sum Available - ASKLIC(Policy Number)LOAN

    Another option is to reach out to LIC through its integrated voice response system (IVRS) at 022 6827 6827. Policyholders can also request to have this information faxed to them should they need it.

  7. How to Pay LIC Premium Online?

    LIC premium payment online can be done either through the mobile app LIC PayDirect or simply through its official website. The mobile application allows you to pay premiums without having to register to its e-services portal.

    Here are step-by-step guides on how to pay LIC premiums online through both mediums.

    Through LIC Website

    • Register to LIC’s customer portal and enroll in your policies.

    • Login to your account using the user ID and password.

    • Click on Pay Premium Online.

    • You will see the list of policies for which premiums are due. Proceed to select one.

    • You will see different options to make the payment such as net banking, UPI, debit, and credit cards. Use a suitable one for you.

    • You will be directed to the payment gateway for the option chosen.

    • Following a successful transaction, you will receive confirmation through an e-receipt.

    Through LIC PayDirect

    • Install the application on your phone.

    • Click on Proceed.

    • Under the Pay Direct option, select Advance Premium Payment.

    • Click on Done.

    • Fill out the form with information on the policy number, installment premium amount without tax, your DOB, and contact details.

    • Click on Submit.

    • Enter the premium particulars in the next step.

    • Proceed to make the payment using a suitable gateway from the options presented.

    Points to Note While Making LIC Premium Payment Online

    • To use the net banking facility, you need to have a registered bank account with LIC’s listed bank affiliations.

    • Provide the correct details and valid contact number along with your email address.

    • The payment receipt will always be mailed to the email address provided.

    • It should be done by the policyholder only and should not involve a third party.

    • If the amount has been debited from your account but the screen displays an error, do not attempt to make a payment again. You should receive a confirmation receipt in your mail within 3 working days. You can also report such an incident to bo_eps1@licindia[dot]com.

    • The online portal accepts only domestic bank-issued cards. Any international cards will not be accepted.

  8. How to Check LIC Maturity Amount?

    If you want to keep a check on the LIC maturity amount after purchase, all you have to do is create an account on the LIC customer portal. This will give you access to all its online services.

    • Once you are registered, log in to your account using the newly created User ID and password.

    • Go to Policy Status. This will display all the enrolled policies under your account.

    • Click on the policy for which you want to check the LIC maturity amount.

    • This will display all the information related to the policy including the maturity amount.

    If you haven’t bought an insurance policy yet, checking the maturity amount can help you plan your finances better. You can do this using the LIC maturity calculator which offers a detailed illustration of the benefits you will be entitled to. Here is a guide on how to do so.

    • Visit the LIC website or its application LIC Quick Quotes.

    • Scroll down to the tab of LIC Premium Calculator.

    • This will take you to an external page for LIC e-services.

    • Enter your details such as age, gender, DOB, and contact details.

    • Click on Next.

    • You can choose Quick Quotes or Compare Quotes.

    • Select the policy for which you want to calculate the maturity benefit amount.

    • Fill the form with desired policy-related details such as the sum that you want to assure, the policy term, premium payment term, and premium paying frequency.

    • The next page will offer you premium quotes.

    • You will also see the option for benefit illustration with it.

    A key advantage of the LIC maturity calculator is that it takes into account the unique needs of each user. This helps customers make the best insurance decision for themselves.

  9. LIC Customer Service

    LIC customer care service includes a range of networks (both online and offline) to facilitate a wider reach. You can contact the LIC call center to use its customer services for information on the following:

    • Claim settlement

    • Updating contact details

    • Unclaimed amounts of policyholders

    • Policy guidelines and benefits

    • Policy purchase and premiums

    • Tax benefit

    • Bonus information

    • NRI Insurance

    • Change of address

    • Life certificate for pension policies

    • Application forms

    • Registration to LIC Customer Portal

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LIC Claim Settlement Process

The settlement of claims is one of the most important aspects of the services to the policyholders. Therefore, the LIC of India has emphasized greatly the settlement of both maturity and death claims.

Let us understand the procedure for settling the LIC maturity and death claims listed below:

  1. Maturity Claims

    • The branch office that serves the policy will send a letter that will inform the date on which the policy money is payable to the policyholder two months before the payment due date.

    • The policyholder is then requested to return a discharge form that is duly completed with the document of the policy.

    • With the receipt of the two documents, a post-dated cheque is sent by post in the name of the policyholder before the due date.

    • With plans like a money-back plan, LIC will provide periodical payments to the policyholders only if the due premium within the policy is paid up to the due anniversary for the survival benefit.

    In such cases, wherein the sum payable is less than Rs. 60,000, cheques are most likely released without calling for a policy document in the discharge receipt. In case the amount is high, then these two requirements will be insisted upon.

  2. Death Claims

    Whenever the intimation of the life assured’s demise is received, the branch office calls for the listed below requirements:

    • The Claim Form A- It is essentially the statement of the claimant, which gives the information of the claimant and the life assured.

    • Certified extract from the death register.

    • In case the age is not admitted then evidence to substantiate the same.

    • Proof of title to the deceased's estate in case the policy isn't assigned, nominated or issued within the MWP act.

    • The original papers of the policy document.

    • Documents such as the copy of the FIR, and report of the post-mortem are mostly insisted upon in case of death by accident.

    Other forms may be requested if the demise occurs less than three years from the date of reinstatement/revival.

    • Claim Form B: A certificate of the medical attendant that is completed by the deceased’s medical attendant during the last illness.

    • Claim Form B1: In case the treatment in the hospital was received by the life assured.

    • Claim Form B2: This should be duly completed by the deceased life assured's a medical attendant who treated him/her before their last illness.

    • Claim Form C: A certificate of identity and cremation or burial that is completed and signed by the person who is a known character or responsible.

    • Claim Form E: The employment certificate if the life assured was an employed individual.

    • The copies of the post-mortem report, first information report, and the investigation report of police in case the demise was due to an unnatural cause or an accident.

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How To Buy LIC Plans from Policybazaar?

Step 1: Visit LIC of India

Step 2: Fill in the form with your name and contact number, and click on View Plans.

Step 3: After this, on the next page fill in your age and current city

Step 4: Once done, you can check the plans available and customize the amount and tenure for your investments

Step 5: Choose the plan, and pay your premiums online.

Note: Policybazaar also provides door-to-door advisors to resolve your queries.

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LIC SIIP LIC Jeevan Labh LIC New Jeevan Anand LIC Jeevan Umang LIC Pension Plus

FAQ's

  • Q1. What are the Best LIC Plans to Buy in 2023?

    Ans:

    Below are the best LIC plans to buy in 2023:

  • Q2. How can I buy LIC of India plans?

    Ans:

    You can easily buy and compare LIC plans from Policybazaar at affordable premium rates. To buy LIC from Policybazaar, you can follow the below-mentioned steps:

    • Step 1: Visit LIC of India, and fill the form by putting your details such as your name and contact number
    • Step 2: Click on the “View Plans”
    • Step 3: Then, enter your age and your residential city.
    • Step 4: Once done, the page will show the available plans.
    • Step 5: You can customize the investment amount or the tenure as per your convenience
    • Step 6: Buy the plan and pay the premium online.

  • Q3. What is the sum assured in LIC?

    Ans: In simple words, sum assured is defined as the value of the life cover within the life insurance policy. In case of an unfortunate event, the insurance company will pay this pre-fixed sum to the policyholder or the nominee. Sum assured is nothing but the benefit either received by the policyholder or the nominee.

  • Q4. How to change the existing nominee of a LIC policy?

    Ans: An individual can change the nominee as many times as he/she wants. To do so, the policyholder will have to submit a notice to the Life Insurance Corporation of India in Form 3750. In the form, the policyholder will require to mention the details of the person they want to assign as the nominee. The policyholder can change the nominee at any time without notifying the existing nominee.

  • Q5: How to change the address in LIC policy?

    Ans: The policyholder can either visit the nearest office or submit a request for an address change in writing or can change the policy address online by logging in to their account.

  • Q6: How to avail of the loan facility against LIC life insurance policies?

    Ans: If the policy is eligible to take a loan against the policy, then he/she will need to:
    • Visit the branch office of the bank.
    • Thoroughly fill out the loan application form and submit it along with the required documents to the lender's representatives.
    • The lender will verify the submitted documents and will approve the application.
    • After approval, the loan amount will be credited to the savings bank account.

  • Q7. What is the procedure to become an agent at LIC?

    Ans: Here is a step-by-step guide to becoming a LIC agent:
    • The person needs to be 18 years of age and 10th pass. 
    • Contact the nearby LIC India branch office and meet a development officer. 
    • The branch manager will conduct the interview, and if the individual is suitable then the individual will be sent to training at any divisional/ agency training center.
    • The training is given for about 25 hours and it covers all the aspects of LIC of India insurance business. 
    • Once the training is completed, the individual needs to appear for the pre-recruitment examination that is conducted by the IRDAI.
    • When the examination has been completed, a letter of appointment and identity card of the insurance agent will be given. 
    • Hereafter, the person will become an insurance agent and become a part of the team that is under the development officer. 
    • The development officer will then impart the field training and other inputs that would help in the marketplace.

  • Q8. How can one check the LIC policy details online?

    Ans:
    • Visit the LIC India website.
    • Register to LIC’s e-services if not done already.
    • Log in with your username and password.
    • Go to 'View Enrolled Policies.
    • Choose the policy for which you want to check the details.

  • Q9. Which is the best LIC policy at present?

    Ans:

    The best LIC policy will depend on the individual needs of buyers. Look for schemes that offer guaranteed additions on top of the assured death and maturity benefits, such as LIC Bima Jyoti. Or, you can also look at ULIPs such as LIC SIIP to enjoy market-linked returns from the equity market. Whichever policy you pick, it should align with your future goals.

    Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

  • Q10. Is LIC premium tax deductible?

    Ans: You can avail of tax benefits on the premiums paid under section 80C of the Income Tax Act of India, 1969.

LIC News

Invest early in this amazing LIC Plan and reap the maturity benefit of up to 90 Lakhs.

23 May 2023

With LIC Dhan Varsha, invest a small amount from a young age and earn up to 10 times profits in the long run. The plan is designed to provide protection and savings benefits to the policyholder and his dependents.

The minimum age to invest for up to 15 years is 3 years, whereas the minimum age is 8 years for 10 years. The nominee will receive Rs. 91,49,500 if the policyholder passes away before the tenth policy year. Additionally, a guaranteed sum is provided at the end of this plan. You may earn handsome investment returns by putting in Rs. 10 Lahks at young age.

Read more

Receive amazing benefits with LIC Dhan Rekha Plan. Read on to explore key details of the plan

17 May 2023

LIC Dhan Rekha offers the dual benefits of investment and protection to the policyholders and its family. The policyholder's family can attain financial security after the policyholder's death.

On the other hand, the policyholder can avail of maturity benefits if they survive till the end of the policy term. In addition to this, one can avail of Survival Benefits, guaranteed additions, loans, and many other benefits.

Read more

With LIC Jeevan Labh, Invest only Rs 7,572 monthly and get up to Rs 54 lakh on maturity.

15 May 2023

LIC Jeevan Labh is a limited premium policy that allows the policyholder to avail of the benefits of protection and investment. The plan offers maximum returns to the policyholder at the time of maturity.

On the other hand, if something unforeseen happens to the policyholder, the plan looks after the family's financial needs by paying death benefits. To receive Rs. 54 Laksh on maturity, you must start investing in the plan at 25. By choosing coverage of Rs. 20 Lakhs for the policy tenure of 25 years, you will receive Rs. 54 Lakhs at maturity by paying a monthly premium of Rs. 7,572 only.

Read more

Secure your post-retirement financial needs with LIC Saral Pension Bima

08 May 2023

LIC Saral Pension plan offered by the LIC of India is a pension plan that provides financial coverage to the policyholder after his/her retirement.

If you're 42 years old, and you bought LIC Saral Pension Plan with 30 Lakhs, he/she will be entitled to receive 12,388 per month as a lifelong pension.

Read more

LIC Aadhar Shila: Invest a little amount per month and receive high returns on Maturity

03 May 2023

Exclusively designed to secure female lives, LIC Aadhar Shila allows female policyholders to invest their money along with providing financial security to their families.

The plan can be bought by a female 8 years to 55 years. By paying the minimal premium of Rs 20 per day, you can ensure to secure your as well as your family’s financial future.

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Secure the Future of your child with just Rs. 150 per day.

17 April 2023

With LIC Jeevan Tarun, you can now dream to give the best education to your children by investing just Rs. 150 per day. The plan is available for the children between the age of 3 months to 12 years.

If the policyholder invests in the plan at the age of 12 years, then by the age of 25 years, he/she will have enough funds to pursue quality education.

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LIC Aadhar Shila Policy - The One Stop Shop For All Your Needs

08 April 2023

LIC Aadhar Shila Policy is an endowment plan which provides both life insurance and savings potential. Moreover, this plan provides maturity benefits if the policyholder outlives the policy term. It also addresses the liquidity requirements by offering a lending facility

and vehicle insurance option. The maximum insurance term for this plan is 20 years, after which the policyholder can reinvest the lump sum in some other policy. The minimum investment term for this policy is 10 years and maximum is 20 years. However, the suicide clause in this policy is an exclusion.

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Receive high returns on maturity with LIC SIIP Plan.

04 April 2023

LIC SIIP is a unit-linked plan that is designed to look after your investment needs. The plan comes with amazing features such as free switches between funds, four fund options to choose from,add-on rider benefits

for enhanced coverage, and tax benefits. Anyone between the age of 90 days to 65 years can start investing in this plan.

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Get up to Rs. 50 Lakhs at the maturity by investing just Rs.166 per day.

22 March 2023

With LIC Bima Ratna Policy, you can receive up to Rs. 50 lakhs at the time of maturity by paying a minimal amount of Rs.166 per day. By investing Rs. 5 Lakhs under the plan, you can secure the financial future of your loved ones.

The plan offers the flexibility to choose the policy tenure as per your requirements. In addition to this, the plan offers several other benefits such as guaranteed additions, loan facilities, tax benefits, and many more.

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Receive 10 times return from LIC Dhan Varsha Plan and secure your Family’s Future.

17 March 2023

LIC Dhan Varsha is a traditional life insurance plan offered by the LIC that ensures the protection of your and your family’s financial future by offering almost ten times your premium investment.

The plan comes with two sum assured options, where the first one offers 1.25 times the tabular sum assured, while the second offers a death benefit equal to 10 times the tabular sum assured. The plan is available both online and offline and can be purchased by individuals between 3 years to 60 years of age.

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LIC Kanyadan Policy: Invest Rs 121 Daily and Get 27 Lakhs

15 March 2023

The Life Insurance Corporation of India (LIC) has introduced the LIC Kanyadan Policy, which aims to assist parents in saving for their daughters' marriage. With this policy, parents can invest Rs 121 per day for 25 years and receive a lump sum of Rs 27 lakhs.

This policy has been designed keeping in mind the rising costs of weddings in India. Parents can purchase the policy for their daughters aged 0 to 12 years. The policy term is 25 years, and the premium payment term is 20 years. The LIC Kanyadan policy seeks to address this issue by guaranteeing a return of Rs 27 lakhs after 25 years.

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With LIC Dhan Sanchay, ensure the financial stability of your loved ones.

14 March 2023

LIC Dhan Sanchay plan allows you to secure the financial future of your loved ones after your demise. The plan offers death benefits of up to Rs. 22 Lakhs to the nominee after the policyholder’s death and provides a sense of security.

In addition to this, if the policyholder outlives the policy tenure, the plan offers maturity benefits as well, which can be further used to fulfill future financial obligations.

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Get Threefold Benefits with LIC Bima Ratna Plan.

09 March 2023

With LIC Bima Ratna, secure the financial stability of your loved ones. The 3-in-1 benefits offered by the plan provide financial support to the family in case of any unfortunate event. The plan comes with Death Benefit, Survival Benefit, and Guaranteed Bonus.

In an unfortunate event where the policyholder passes away during the policy term, this plan offers financial support for the family. It also allows for monthly payments if the policyholder survives for a specified amount of time to fulfill various financial demands.

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Invest in LIC New Children Money Back Policy now to ensure the Financial Stability of your Children.

06 March 2023

LIC’s New Children Money Back Policy is one of the great ways of securing the future of your children. The plan is specially curated to the educational, marriage, and other needs of growing children.

An individual can buy the plan for their children between the age of 0-12 years. To protect the investment and ensure that the child's requirements are satisfied on time the plan provides several advantages such as life insurance coverage, regular income, and money back at certain intervals.

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Invest in LIC Bima Ratna plan to receive hHigh Returns with Guaranteed Additions every year.

01 March 2023

LIC Bima Ratna is primarily designed to offer 3 major benefits namely- guaranteed bonus, money back, and death benefit. The policyholder needs to invest the minimum of Rs. 5 Lakhs under the plan, and with guaranteed additions

he/she may receive up to 10 times his initial deposit, i.e.Rs 50 lakh. These long-term investments can help the individual to fulfill their future goals.

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Receive monthly pension of Rs. 11,000 by investing Rs. 10 Lakhs in LIC New Jeevan Shanti

28 February 2023

LIC New Jeevan Shanti is a single premium, deferred annuity plan that ensures you are financially independent even after your retirement. Under the plan, an individual can receive a monthly annuity of Rs. 11,192 by paying the one-time premium of Rs. 10 Lakhs.

Along with many benefits, a policyholder also has the option to choose a plan that will benefit a dependent with a disability.

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Secure the future of your child by investing now in LIC New Children’s Money Back Plan

22 February 2023

Now with LIC New Children’s Money Back Plan you can plan the future of your child without any worries.The plan provides death benefit if something happens to the policyholder as well as offers survival benefits

on surviving to the end of the specified durations. One can invest in the plan for their child aged 0-12 years.

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Create a financial shield for your child by paying Rs. 135 per day with LIC Jeevan Tarun Plan.

20 February 2023

LIC Jeevan Tarun is a child plan that is designed to secure the future of your children if something unforeseen happens to either of the parents. If you buy this policy for your 2 year old child with a policy term

and premium payment term of 23 & 18 years respectively, and pay the minimal amount of Rs.135 per day, you can receive Rs. 25 Lakhs and above. The money received can be used for your child’s higher education or marriage, and will ensure financial security.

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LIC Jeevan Azad: Pay for 10 years to avail the coverage of up to 18 years

13 February 2023

Newly launched LIC Jeevan Azad offers the guaranteed lump sum amount to policyholders upon maturity. A policyholder choosing 18-year insurance will only be required to make premium payments for 10 years as the policy has a payment tenure of the policy term minus 8 years.

The policy’s sums insured range from Rs 2 lakh and Rs 5 lakh which makes it an affordable yet perfect life insurance plan.

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Avail 10 times benefits of security along with savings with LIC Dhan Varsha

06 February 2023

LIC Dhan Varsha is a single premium savings plan that offers the combined benefits of life cover and savings. By investing Rs. 9 Lakhs at the age of 30 years, one can receive Rs. 22 Lakhs at the time of maturity after 15 years.

However, in case the policyholder dies during the policy term, then the plan will offer the death benefit to the policyholder ensuring that the family does not face any financial constraints.

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Invest only Rs. 53 per day and avail the benefits of life cover and investments.

03 February 2023

LIC Aadhar Shila is an endowment plan offered by LIC that is specially designed for women. The plan offers the combined benefits of life cover and savings at an affordable price. The plan comes with several benefits

including the death benefit, maturity benefit, loan facility, auto cover, and many more. By investing Rs. 53 per day for the next 20 years, a 30-year-old female can avail of the maturity benefit of up to 6 Lakhs once the policy tenure is over.

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With LIC Jeevan Umang, get Rs. 27 Lakhs by paying Rs. 1300 per month

31 January 2023

LIC Jeevan Umang is a traditional life insurance plan wherein you can invest and get significant returns. By paying the premium of Rs.1,300 for 30 years, one can receive a return

of Rs 40,000 every year on their investment. In this manner, if you receive Rs 40,000 annually from 31 to 100 years, you'll collect almost Rs 27.60 lakh.

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Avail dual benefits of Savings and Life Protection with a Single Policy

30 January 2023

LIC Dhan Sanchay is an endowment plan designed to offer you the combined benefits of Life protection and Investments. The plan offers death benefits to the family members if something happens to the policyholder, and in case the policyholder survives

till the end of the policy tenure, the plan offers maturity benefit to the policyholder. The plan offers guaranteed benefits to the policyholder and also allows them to customize their plan as per their needs.

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LIC’s New Plan Launched with Guaranteed Returns. Checkout now!

24 January 2023

LIC of India launched its new plan LIC Jeevan Azad on 19th January, 2023. The plan is designed to provide financial stability to your family after your demise. Along with this, the policy also looks after your financial goals by offering the maturity benefit to the policyholder if he/she outlives the policy term.

Anyone between the age group of 90 days-50 years. In addition to this, LIC Jeevan Azad offers several other additional benefits such as option to enhance coverage with the help of riders, option to take death benefit in installments and settlement option for maturity benefit.

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Secure your post-retirement life with a monthly pension of Rs. 1 Lakh with the LIC New Jeevan Shanti Plan

19 January 2023

LIC New Jeevan Shanti is a single premium plan that offers lifelong income protection after retirement. The plan has been modified recently and now offers higher incentive rates ranging from Rs.3/- to Rs.9.75 per Rs.1000/- purchase price based on the Purchase Price and deferment period opted.

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Secure the future of your child with just Rs. 159 per day.

17 January 2023

With LIC Jeevan Tarun, you can ensure to fulfill all your child’s dreams. The plan is nothing less than a blessing for young parents. With affordable premiums, you can gain higher maturity values.

For example, if your child is 12 years of age, you can start investing in a plan until your child turns 25 years. By paying Rs. 159 per day for Rs. 5 Lakh policy, you will get a maturity value of Rs. 7 Lakhs and above.

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With LIC Aadhar Shila Pay just Rs. 53 per day and receive benefits of Rs. 5 Lakhs and above

13 January 2023

Now you can receive the guaranteed benefits of Rs. 5 Lakhs and above with LIC Aadhar Shila by paying the minimal amount of Rs. 53 per day. The plan is an affordable way of investing your money regularly to achieve your future goals.

If you are a 30-year-old woman, then you can invest your money in the LIC Aadhar Shila Plan on a monthly basis for the next 20 years. At the time of maturity, you will receive the maturity benefit, which can be used by you to fulfill your future financial needs.

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Receive Rs. 57,650 annually throughout your lifetime by investing once in LIC Saral Pension Yojna

10 January 2023

LIC Saral Pension Yojna is a single premium plan, wherein you need to pay a premium only once and you will receive a pension throughout your lifetime. To receive the annual pension of Rs. 57,650 and above, you need to invest

Rs. 10 Lakhs under this plan, and you will start getting a pension as soon as you take the policy. The minimum age limit to buy LIC Saral Pension is 40 years and the maximum is 80 years.

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LIC New Jeevan Shanti- High Annuity with Increased Incentive Rates

09 January 2023

LIC New Jeevan Shanti is a single premium plan wherein a policyholder pays once and will receive an annuity throughout their lifetime. The plan has been modified recently and now is now offering

higher incentive rates ranging from Rs.3/- to Rs.9.75 per Rs.1000/- purchase price based on the Purchase Price and deferment period opted. Any individual who is looking forward to securing their financial future can invest in the plan and avail of new benefits.

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Earn good profit by investing Rs. 85 per day in LIC Jeevan Anand

06 January 2023

With LIC Jeevan Anand, invest a minimal amount of Rs. 85 per day for 35 years and get a guaranteed benefit of Rs. 25 Lakhs and above on maturity. The plan ensures to look after your savings and life

insurance needs by offering both Death and Maturity Benefit. Apart from the sum assured, the plan also offers a Simple reversionary and a final additional bonus.

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Start Your New Year by investing in LIC Jeevan Labh

03 January 2023

By investing Rs. 573 per day in LIC Jeevan Labh, one can avail the benefits up to 1 Crore. The plan comes with the dual benefit of Life protection and savings and ensures to provide you and your loved ones with financial security.

If a 25 years old individual invests Rs. 573 per day in LIC Jeevan Labh for 25 years, then at the time of maturity, he/she can avail the Maturity Benefit of Rs 1 Crore and above. You can customize the sum assured and policy tenure as per your needs and budget.

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Secure your daughter’s future by investing Rs. 4,258 in LIC Kanyadan Policy

29 December 2022

LIC Jeevan Lakhya’s customized version of LIC Kanyadan policy is an ideal way of securing the future of your daughter. If you are a 30-year-old, then by investing Rs. 4,258 per month for 22 years, you will get the guaranteed benefit

of Rs. 27 Lakhs at maturity which can be used for your daughter's education and marriage. The eligible age to buy LIC Kanyadan is 18 years to 50 years and can be purchased only by the daughter’s father.

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Avail Comprehensive Financial Protection with LIC Jeevan Labh

27 December 2022

LIC Jeevan Labh is a traditional life insurance plan that offers the dual benefit of life protection and savings. The plan offers death benefits to the nominee in case the policyholder dies during the maturity period.

Whereas, if the policyholder outlives the policy tenure, the policyholder will get a maturity benefit. Thus, with LIC Jeevan Labh, you can ensure financial protection for yourself and your loved ones. Along with this, the plan also offers tax benefits and rebates of 2% on annual premiums and 1% on the half-yearly payment premium payments.

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Checkout the 4 LIC Schemes that offer the Highest Returns to the customers

21 December 2022

LIC of India provides a vast range of insurance products catering to every individual’s insurance needs. Along with life protection, LIC Plans also offer high returns. Take a look at the below 4 LIC Plans below that are designed to offer comprehensive coverage with high returns.

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Secure your daughter’s future by investing Rs. 4,258 in LIC Kanyadan Policy

15 December 2022

LIC Jeevan Lakhya’s customized version of LIC Kanyadan policy is an ideal way of securing the future of your daughter. If you are a 30-year-old, then by investing Rs. 4,258 per month for 22 years, you will get the guaranteed benefit

of Rs. 27 Lakhs at maturity which can be used for your daughter's education and marriage. The eligible age to buy LIC Kanyadan is 18 years to 50 years and can be purchased only by the daughter’s father.

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Get a threefold maturity benefit by investing in LIC SIIP Plan

13 December 2022

LIC SIIP is a unit-linked wherein you can invest your hard money and get guaranteed returns on maturity. Suppose you are a 20-year-old male wishing to create a financial corpus for your future

, then in such a scenario, you can start investing in LIC SIIP with only Rs.4,000 per month. By investing Rs. 4,000 for the next 21 years, you can ensure to avail three times the benefit of up to Rs.30 Lakhs at the time of maturity.

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Earn good returns with full security with LIC New Jeevan Anand Policy

12 December 2022

LIC New Jeevan Anand is a plan designed to offer the combined benefit of savings and protection. With the plan, you can avail guaranteed full payout at the time of maturity and continued life coverage till the time you die.

In addition to this, the plan also offers enhanced coverage through riders and allows you to widen your coverage against life’s uncertainties. The plan is available for individuals between 18-50 years.

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With LIC Saral Pension Yojna, both husband-wife can receive regular income with one-time premium payment.

06 December 2022

The non-linked, single premium, individual, immediate annuity LIC Saral Pension Plan provides both single and combination benefits. The plan allows husband and wife to invest together.

On the death of the policyholder, the spouse receives the pension amount. The nominee receives the basic pension amount in case both the members of the joint account pass away.

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LIC launched its Whatsapp Services for policyholders to get policy updates on the go

05 December 2022

LIC recently launched its WhatsApp services for the first time, where you can get access to their listed policy services from the comfort of your homes. All you need to do is text ‘Hi’ on the phone number 8976862090.

Here is a list of all the LIC Whatsapp Services you can avail yourself of. Premium due, bonus information, policy status, loan eligibility and repayment quotation, loan interest due and premium paid certificate.

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LIC Jeevan Labh: Secure over Rs. 37 Lacs by paying a daily premium of Rs. 252

02 December 2022

LIC Jeevan Labh is one of LIC’s most popular plans that can be purchased by anyone within the age range of 8 to 59 years. With this plan, you only have to pay premiums for a limited period and can get policy benefits for a longer term.

Suppose a 25-year-old man purchases the plan for 25-year policy tenure, then his premium paying term will be 16 years. If he purchased the policy for Rs. 20 Lacs, the yearly premium of Rs. 90,867 will be around Rs. 252 per day. Then at the end of the policy term, he will receive a maturity benefit of Rs. 37 Lacs (including guaranteed and non-guaranteed benefits).

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LIC Jeevan Akshay VII: Get over Rs. 5,000 monthly income for life by investing just Rs. 10 Lacs

01 December 2022

LIC Jeevan Akshay VII is a pension plan that allows you to secure your retirement and maintain your current lifestyle even after the loss of monthly income. Any individual within the age range of 30 to 85 years can purchase the plan.

With this plan, a 30-year-old male can receive Rs. 5,171 monthly for the rest of their life by investing just Rs. 10 Lacs. Likewise, he can receive Rs. 15,600 quarterly, Rs. 31,475 half-yearly, or Rs. 64,050 yearly, depending on the annuity mode chosen.

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Secure your retirement with LIC Saral Pension Yojna and receive Rs.14,038 every month for the rest of your life

30 November 2022

LIC Saral Pension Yojna is a recently launched pension plan that offers immediate annuity along with the return of purchase price to the nominee after the policyholder’s death. Through this plan, a 42-year-old male purchasing the policy for Rs. 30 Lacs can receive Rs. 14,038 monthly as his regular pension.

The pensioner can also choose to receive quarterly, bi-annually, or yearly pension, in which case he would receive Rs. 42,450 for quarterly, Rs. 85575 for bi-annually, and Rs. 1,74,300 for yearly pension. Also, after the death of the policyholder, the nominee would receive Rs. 30 Lacs that was initially invested as well.

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Invest Rs. 71 every day in LIC New Endowment Plan to receive Maturity Benefits worth Rs. 24.9 Lacs

28 November 2022

LIC New Endowment Plan is a plan that provides financial support to the policyholder’s family in case of his/her unfortunate death and offers attractive maturity benefits on outliving the policy term.

Through this plan, if an 18-year-old invests Rs. 71 every day for 35 years, they can receive a maturity benefit of Rs. 24,90,000 at the end of the policy tenure. The annualized premium for the 1st year will be Rs. 25,489 whereas 2nd year onwards it will be Rs. 24,939, for a sum assured of Rs. 10 Lacs.

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LIC Jeevan Umang: Invest Rs. 42 every day to receive Rs. 40,000 every year for your whole life

25 November 2022

LIC Jeevan Umang is a whole-life policy wherein you only have to pay the premium for a limited period and receive life cover benefits for a lifetime. If suppose an 18-year-old purchases this plan for a sum assured of

Rs. 5 Lacs, they will have to pay a premium of Rs. 42 every day which will be equal to Rs. 15,297 yearly. After the end of the premium paying term of 30 years, they will receive Rs. 40,000 every year as a survival benefit for the rest of their life. They will also receive a maturity benefit of Rs. 69,79,000 (inclusive of additional bonuses) at the end of the policy term.

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LIC recently relaunched its most popular term assurance plans: New Jeevan Amar and New Tech Term

24 November 2022

Life Insurance Corporation of India withdrew its original Tech Term and Jeevan Amar plans and recently relaunched them. Both of these plans are pure-risk,

term assurance plans and offer the flexibility to choose from a level sum assured or an increasing sum assured. They both provide a policy term of 10 to 40 years and can be purchased by anyone between 18 to 65 years of age. LIC’s New Tech term will be available online through the website whereas New Jeevan Amar can be purchased offline only.

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LIC New Endowment Plan: Pay Rs. 56,000 annually and get up to 52,29,000 on maturity

23 November 2022

LIC New Endowment policy offers life coverage to the policyholder and offers several additional bonuses at the time of maturity.

Under the plan, if a 25 year old individual buys a policy of Rs. 21 Lakhs for the tenure of 35 years, then at maturity he/she will get 52,29,000(sum assured +additional bonus).

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LIC Jeevan Tarun: Invest Rs. 150 every day to get over Rs. 5 Lacs as a maturity benefit

22 November 2022

If you are looking for a child plan that combines the benefits of savings and protection, then LIC’s Jeevan Tarun is the plan for you. With this plan, you only have to pay premiums until the child turns 20 and the policy coverage continues until 25.

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Get a lifetime monthly pension of Rs.34,213 with LIC Jeevan Akshay Plan

21 November 2022

LIC Jeevan Akshay lets you enjoy your post-retirement days with attractive pension options. The plan comes with 10 annuity options wherein a policyholder can enjoy a life cover, a guaranteed pension for life, and security for their spouse or other dependents.

For example, if a 45-year-old male purchases the plan for Rs. 70 Lakhs with “immediate annuity with return of purchase price option” then he is entitled to get Rs. 34,213 for life and on his death, the purchase price is paid out to the nominee.

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LIC Adhaar Shila Policy: Get maturity of over Rs. 4 Lacs by investing just Rs. 42 daily

18 November 2022

LIC Adhaar Shila is a plan specially designed for women. Through this plan, you can get a maturity benefit worth Lacs and be eligible to receive loyalty additions after the completion of the 5th policy year.

Suppose a 30-year-old woman purchases the plan for a sum assured of Rs. 4 Lacs for a 20-year policy term, then the monthly premium to be paid will be Rs. 1,265, which is approximately Rs. 42 daily.

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Get a monthly pension of Rs. 6,375 with LIC’s Jeevan Akshay Policy

17 November 2022

LIC Jeevan Akshay VII is a plan that offers regular income to individuals looking to secure their financial independence even after retirement.

You can choose to receive these pensions on a monthly, quarterly, bi-annually, or yearly basis. For example, if a person aged 75, purchases the plan for Rs. 6,10,800, the pensioner would receive a monthly income of Rs. 6,375 for the rest of their life under the ‘Immediate annuity for life’ option.

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With LIC Jeevan Labh, Earn up to Rs. 17 Lakhs by paying only Rs 216 per day

16 November 2022

LIC Jeevan Labh is the perfect plan for savings and protection that comes with Accidental Death and Disability optional benefits. By only investing Rs. 216 per day for 16 years, policyholders can earn up to Rs. 17,00,000.

In case the policyholder passes away during the policy term, the death benefit (sum assured + additional bonuses) will be paid to the nominee which will help policyholder’s family to fulfill their future financial needs.

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Pay Rs. 58,000 per month for 16 years and become a Crorepati with LIC Shiromani

15 November 2022

LIC Shiromani is an attractive savings and protection plan with an inbuilt critical illness benefit. Through this plan you can receive a minimum sum assured of 1 Crore by paying monthly premiums for 10-16 years.

If an 18 year old purchases the plan for a policy term of 20 year, then after paying a monthly premium of Rs. 58,042 for 16 years, the policyholder will receive a survival benefit of Rs. 45,00,000 at the end of 16th and 18th policy year, a maturity benefit of Rs. 95,50,000 as well as guaranteed additions of Rs. 85,50,000 at the end of the policy term.

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Get over 39,000 per month for a lifetime with LIC Jeevan Akshay VII’s ‘Immediate Annuity for life’ option

14 November 2022

LIC Jeevan Akshay offers attractive pension options to anyone looking to secure retirement. If a 45-year-old male purchases the plan for Rs. 70 Lacs, then he would receive Rs. 39,696 monthly under the plan’s ‘Immediate annuity for life’ option.

The plan can be bought by anyone between 30 to 85 years of age and it also benefits dependants with disabilities. The pension will be provided for the pensioner’s whole life and will stop at the death of the life assured.

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LIC Dhan Varsha: Invest Rs. 10 Lacs and Receive Rs. 1 Crore in Return.

07 November 2022

If you are looking for a plan that offers protection, savings, as well as high returns without the market risks, LIC Dhan Varsha is the one-stop solution for you. LIC Dhan Varsha provides financial support to your family in case of your unfortunate death within the policy term.

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LIC Jeevan Umang Policy: Get Rs. 36,000 every month by investing just Rs. 42 per day

03 November 2022

LIC Jeevan Umang is a whole life insurance policy that covers you for your entire lifetime. The policy offers two main benefits: it offers financial protection to your family in case of your untimely death and, provides guaranteed monthly income after the end of the 30th policy year.

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LIC Dhan Rekha Plan 863 – Invest 6.7 lakhs and get back 23 lakhs! Check policy benefits, maturity calculator and other details.

02 November 2022

Want to make some quick and easy money? Then look no further than the LIC Dhan Rekha Plan 863! With this incredible investment plan, you can earn a huge return of Rs 23 lakh by investing just Rs 6.7 lakh.

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Don't wait any longer, invest in LIC Jeevan Umang today!

12 October 2022

Looking for an investment plan that offers you guaranteed returns? Look no further than LIC Jeevan Umang! With a minimum sum assured of Rs 2 lakhs and a policy term

of 100 years, this is a perfect plan for those looking to secure their future. What's more, at the end of the premium paying term, you will start receiving guaranteed returns in the form of yearly payments.

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Buy LIC Jeevan Labh Now And Save For Your Daughter’s Bright Future

11 October 2022

LIC of India offers the LIC Jeevan Labh policy with a view to help parents save regularly for their daughter's future goals such as marriage, education etc.

This LIC policy for girl child provides financial protection to the family in case of the untimely death of the policyholder. This LIC policy also offers attractive tax benefits which makes it a worthwhile investment option.

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Protect your little girl's future with LIC Jeevan Tarun!

07 October 2022

This special policy was created to help cover the costs of your child's education and other future needs. With a minimum sum assured of Rs. 75,000 and no maximum amount

restriction, LIC Jeevan Tarun is a great way to ensure your daughter is taken care of no matter what the future holds.

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LIC Jeevan Labh Secures Your Family With Comprehensive Financial Protection

03 October 2022

LIC's Jeevan Labh Policy is a great way for sole earning members to save for their family's future. By investing just Rs 253 per day, policyholders can earn up to Rs 54.50 lakh upon maturity.

In the event of death, the policyholder's family will receive a death benefit that can be used to sustain their lifestyle in their absence. This makes the Jeevan Labh Policy an ideal savings plan for people who want to ensure their family's financial security.

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With LIC Bima Ratna, Enjoy Guaranteed Additions With Maturity And Death Benefits

29 September 2022

LIC Bima Ratna is a great way to save for the future and create a financial safety net for your family. It also offers guaranteed additions up to Rs 60 per Rs 1000 of basic sum assured.

This means that you will receive an additional payout at maturity or in the event of your death. This benefit can be used to meet financial goals such as buying a house or funding a child's education.

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Enjoy Low Premiums On Desired Coverage With LIC Dhan Rekha

28 September 2022

LIC Dhan Rekha offers great coverage for women, making it an ideal option for those who want to protect their families from financial hardship. The LIC premium for this policy is very affordable as well.

There is an additional bonus component that is declared as a percentage of sum assured. It is payable on survival to the end of the policy term provided all due premiums have been paid.

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With Only 6 Months Left, Get Your Hands On The LIC PMVVY Pension Scheme Now!

27 September 2022

The Government pension scheme, Pradhan Mantri Vaya Vandana Yojana is only available for sale till Mar 31, 2023. Sold exclusively by LIC, the plan promises a lot of benefits for senior citizens who have retired or are planning to retire.

It guarantees a regular pension for 10 years on top of a guaranteed return of the purchase price at maturity. Buyers also enjoy a life cover during the tenure which secures the families against uncertainties.

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LIC Endowment Plan: Pay Rs. 86 daily to receive maturity returns more than Rs. 21 Lacs

26 September 2022

LIC Endowment Plan offers attractive returns on your investments. This plan is available for a minimum and maximum policy term of 12 and 35 years respectively.

If an 18-year-old were to purchase the plan for a sum assured of 10 Lacs, the monthly premiums for different policy terms will be as follows. The monthly premium will be Rs. 5,935 for a 15 year policy term, Rs. 4,194 for a 20 year policy term, Rs. 3,227 for a 25 year policy term, and Rs. 2,582 for a 30 year policy term. All values are inclusive of taxes.

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Here’s How You Can Get A Lump Sum Payout On Maturity With LIC Dhan Rekha

22 September 2022

LIC Dhan Rekha is a life insurance policy that caters to children and adults alike. There is absolutely no limit to the maximum amount that one can assure with this LIC policy.

This basically means that you can secure a huge corpus for your child’s future by investing small amounts periodically. At maturity, you can choose to get a lump sum payout of the benefit amount that use it to fund expensive endeavors.

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Secure A Monthly Pension Of Rs 20,000 Or More With LIC Jeevan Akshay VII

21 September 2022

LIC Jeevan Akshay offers 10 plan options to choose from. You get to enjoy a life cover, a guaranteed pension for life, and security for your spouse or other dependents.

The death benefit can be annuitised by your nominee which can further act as an income stream. That’s not it! You can also avail of LIC’s loan facility if you are in urgent need of money.

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Invest today for a secure future tomorrow with LIC Jeevan Labh!

20 September 2022

If you're looking for a tax-saving investment option that can also provide you with a tidy sum of money upon maturity, look no further than the LIC Jeevan Labh policy offered by the LIC of India.

For a mere Rs. 258 per day, you can get coverage of up to Rs. 20 lakhs. And not only is the maturity benefit exempt from taxes but so is the death benefit paid to your nominees in the event of your untimely demise.

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Get Your 2-Year-Old Child Insured With LIC’s Dhan Sanchay Plan & Secure An Income For Them

16 September 2022

Save as low as Rs 86 every day and secure a guaranteed maturity benefit of Rs 5,76,834 after 15 years. Moreover, get a guaranteed income of Rs 49,500 every year from the 16th year till the 30th year.

Benefits do not stop here! The death benefit cover remains active throughout the policy term. You will also get a guaranteed terminal benefit worth Rs 1,52,004 on the 30th year.

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LIC Saral Pension Can Get You Rs 52,000 Every Year With Just A One-Time Premium Payment

15 September 2022

The plan not only offers you a lifetime annuity but also a 100% return of the purchase price on the death of the pensioner.

This ensures that you as well as your dependents are secured with absolutely no risk to your money. To guarantee a pension amount of Rs 52,000 every year, you will have to invest a one-time purchase price of Rs 10 Lakhs in the LIC Saral Pension Plan.

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LIC Jeevan Tarun Can Help You Fund Your Child’s Dream Education

13 September 2022

You can set up a decent fund for your child with the help of LIC Jeevan Tarun. As soon as your child reaches the age of 20, funds will start flowing in annually for the next 5 years.

When he/she reaches 25, a lump sum maturity benefit will be paid which can set him up for higher education. Notably, there is no limit to the maximum amount you want to secure for your child.

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Secure a lifetime pension and also get guaranteed additions with LIC’s New Pension Plus

12 September 2022

It is a new unit-linked pension policy by the LIC of India. In addition to a life cover and a pension, the plan also adds an extra amount through guaranteed additions.

These are added to the fund value starting from the 6th policy year till the 42nd year. Guaranteed additions are declared as a percentage of the annual premium or the single premium amount.

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Enjoy 25% More Than The Assured Sum On Death With LIC Bima Jyoti

09 September 2022

You can now secure a big corpus for your family to survive on after your demise with LIC’s Bima Jyoti Policy. Nominees can claim 125% of the original sum assured along with extra guaranteed additions that accrue every year.

Say that you assured a sum of Rs 10 Lakhs. If your were to die in the 10th policy year, nominees will get Rs 12.5 Lakhs as death benefit plus Rs 5 Lakhs as guaranteed additions.

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Invest Just Rs 4000 A Month In LIC SIIP And Get Double The Invested Amount At Maturity

08 September 2022

If you are a 26-year-old female looking for financial independence in the long term, you should start investing in LIC SIIP. A monthly investment of Rs 4000 for 20 years can get you up to Rs 18 Lakhs at maturity

(assuming a return rate of 8% per annum). The LIC SIIP’s Growth Fund majorly invests in the equity market that gets you higher returns. Along with this, you will also enjoy insurance protection.

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LIC of India Introduces a New Unit-linked Pension Plan That Offers a Regular Income To Retirees

07 September 2022

LIC’s New Pension Plus is a unit-linked pension plan wherein you can invest a small amount on a regular basis. Your investments will go towards the equity market

which earns you bigger returns than normal savings plans. Once you hit your retirement age, LIC will start crediting a regular income from the accumulated corpus.

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You Can Now Check Your LIC Policy Status Without Registration! Here’s how

06 September 2022

For people who don’t have access to the internet, you can now check your policy status offline by sending an SMS. All you have to do is type ASKLIC Policy Number STAT and send it to 56767877.

You will get an instant reply from the LIC of India updating you about the status of your policy. Similarly, you can use the same format to know about other functions such as bonuses, revival, loan, etc. Just replace STAT with the function that you need information about.

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A One Time Deposit Gets You A Lifetime Pension with LIC’s Jeevan Akshay Annuity Plan

05 September 2022

This LIC pension plan can earn you a minimum annual pension of Rs 12,000 for life. There is no limit to the maximum pension amount, which allows you to design

the plan benefits as per your future needs. Further, with its joint-life annuity option, you can secure a pension for your wife for as long as she lives.

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With LIC Bima Ratna, Your Family Gets 25% More Than The Sum Assured On Your Death

01 September 2022

LIC Bima Ratna offers a life insurance cover on your life in addition to savings opportunities. If you were to die within the policy term, LIC will pay your family the promised sum assured plus 25% more.

So if you had assured a sum of Rs 10 Lakhs, your family will get Rs 12.5 Lakhs on your demise. Moreover, if you survive the policy term, you will get periodic survival benefits and a final maturity benefit.

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Pay Once & Enjoy Risk-Free Life Cover For 10 Years with LIC’s Single Premium Endowment Plan

30 August 2022

Protect your family against your death with the financial benefits offered under the LIC Single Premium Endowment Plan. Invest in this LIC plan a one-time premium

of Rs 7.6 lakhs and secure a minimum sum of Rs 10 Lakhs on maturity plus bonuses. On your death within 10 years, your family will be entitled to the basic sum assured, which they can use to support themselves in your absence.

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Investing in LIC Jeevan Shanti Can Put an End to Your Money Woes After Retirement

29 August 2022

LIC Jeevan Shanti can help you secure a lifetime pension after retirement along with a life cover on top. If you have a few years

till your retirement, you can invest now in this deferred annuity option to start receiving a monthly pension as soon as you retire. Further, on your death, LIC with return the purchase price to your dependents to help them fund their future needs.

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Secure Your Child With An Annual Income Worth Rs 8 Lakhs For 15 Years

26 August 2022

If you start investing Rs 8 Lakhs per annum in Jeevan Umang for the next 15 years, LIC will offer a guaranteed risk cover worth Rs 1 Crore.

Moreover, when the insured child reaches the age of 30, LIC will start paying him/her Rs 8 Lakhs every year till the age of 100.

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Secure Up To Rs 2 Lakhs For Your Family By Investing a Small Amount Every Month

25 August 2022

LIC Bhagya Lakshmi is a small term life insurance plan that offers financial help to your family on your unfortunate demise.

It requires a minimum premium of Rs 500 every year against which you can secure a life cover for up to 15 years. Moreover, it comes with a return of premium feature if you survive the policy term, in which case you will get 110% of the premiums back.

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LIC Micro Bachat: A Small Savings of Rs 48 Every Day Gets You Over Rs 2 Lakhs on Maturity

24 August 2022

LIC Micro Bachat (Plan No. 951) is a small savings & insurance scheme by LIC specifically for people on a budget. As a 30-year-old male, all you would need is a daily amount of Rs 48, amounting to Rs 16,387 in a year.

At the end of 10 years, LIC guarantees you a sum of Rs 2 Lakhs that you can use towards your expenses. Not just this, as an extra bonus, LIC may also add a loyalty addition to the final maturity benefit.

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Get Rs 1 Lakh Pension Every Year Plus 100% Money Back At Maturity With LIC PMVVY

23 August 2022

LIC Pradhan Mantri Vaya Vandana Yojana (PMVVY) is up for sale only till 31st March 2023. With the end date coming soon, senior citizens aged 60 and above should invest

in the scheme as soon as possible. Sold only by LIC, the scheme promises up to Rs 1.1 Lakh annual pension for the next 10 years. Additionally, get the whole purchase price back on death or at the end of the policy term of 10 years.

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LIC Aadhaar Shila Brings To You Rs 3 Lakhs & More At Just Rs 45 Per Day

22 August 2022

Specially designed for women aged 8 to 55 years, LIC Aadhaar Shila is a mix of insurance and savings product that promises up to Rs 3 lakhs on maturity.

If you pay premiums for 15 years, your monthly premium amount will be Rs 1,364, which brings your daily savings to Rs 45 only. In addition to the Rs 3 Lakhs, LIC will also reward you with a Loyalty Addition to increase your savings corpus.

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LIC’s Special Policy Revival Campaign Offers Up To 30% Concession on Late Fee Payment

19 August 2022

If your policy hasn’t matured yet and it’s been less than 5 years since the last unpaid premium, revive it now to enjoy a reduced late fee. In these uncertain and trying

times, LIC brings to you a 25% late fee concession for unpaid premium amounts up to Rs 3 Lakhs. For unpaid premiums worth Rs 3 lakhs and above, a maximum of 30% concession, subject to a maximum of Rs 3500, can be availed. This is applicable to all individual policies, except ULIPs.

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LIC Jeevan Umang: Save Only Rs 150 Daily & Secure A Lifetime Pension of Rs 80,000

18 August 2022

On top of a risk cover, LIC Jeevan Umang offers an annual survival benefit equal to 8% of the Basic Sum Assured till the date of maturity.

If you are a 30-year-old male buying a life cover worth Rs 10 lakhs, you would have to pay Rs 54,036 annually for 20 years. This requires a daily sum of Rs 150 only. As soon as you turn 50, LIC will start crediting a yearly pension of Rs 80,000 till you hit 100.

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Get Guaranteed Rs 1 Crore After Just 10 Years of Investing in LIC Jeevan Shiromani

16 August 2022

LIC Jeevan Shiromani guarantees a minimum of Rs 1 Crore in the form of survival benefits and a maturity benefit.

A monthly premium payment of Rs 95,574 over a period of 10 years, will get you survival benefits worth Rs. 30 lakhs each on the 10th and 12th policy anniversaries. Further, at the end of a 14-year policy term, you will get a lump sum of Rs 40 lakhs. This brings the total to Rs 1 Crore. On top of this, you will also earn guaranteed additions every year.

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Double your wealth now by investing as low as Rs 6,666 monthly in LIC SIIP Plan

12 August 2022

LIC SIIP is a unit-linked insurance plan that offers a risk cover and opportunities to invest in the equity market to generate high returns.

If you are 30 years old, investing Rs 80,000 annually over 20 years can double your savings to nearly Rs 32 lakhs (8% ROI p.a). At the same time, your family is guaranteed at least Rs 8 lakhs on your demise.

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With LIC Bima Jyoti, Pay Premiums for Rs.1 Crore & Get Back Rs.2 Crores on Maturity

10 August 2022

LIC Bima Jyoti offers guaranteed additions at a rate of Rs.50 per 1000 sum assured. This accrues every year until the date of maturity or death.

If you choose a sum assured of Rs.1 Crore for a policy term of 20 years, your policy will have accrued guaranteed additions worth Rs 1 Crore. This would bring the total maturity value to Rs.2 Crores.

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Secure Rs.50/- Lakhs on Maturity with LIC Jeevan Labh: Invest only Rs.623/- per day

09 August 2022

LIC Jeevan Labh is a combination scheme that offers a risk cover on the life of the insured and a lump sum maturity benefit on survival.

Start investing Rs.623/- every day for the next 16 years and you will have guaranteed yourself a corpus bigger than Rs.50/- lakhs on maturity. Further maximize your savings through bonuses by participating in LIC’s profits.

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