Benefits of Buying 50 Lakhs LIC Insurance Policy

The 50 Lakh LIC Policy offers the high sum assured of Rs. 50 Lakhs to the nominee after the death of the policyholder. These plans ensures that the family of the policyholder has sufficient money to continue living their life in his absence and provide thewith financial stability.

Read more
LIC Plans-
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
58.9 Million
Registered Consumer
Insurance Partners
26.4 Million
Policies Sold
Now Available on Policybazaar
Grow wealth through
100% Guaranteed Returns with LIC
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
58.9 Million
Registered Consumer
Insurance Partners
26.4 Million
Policies Sold

LIC 50 Lakh Insurance Policy- An Overview

LIC 50 Lakh Insurance Policy is the plan offered by LIC of India that is designed to provide the benefits of life protection and investment of up to 50 Lakhs. These plans come with a Death Benefit wherein, if the policyholder dies, the company will offer the sum assured of Rs. 50 Lakhs to the nominee, and in the case, where the policyholder lives till the end of the policy term, the company will offer a maturity benefit of Rs. 50 Lakhs.

LIC 50 Lakh Insurance Policy

Below mentioned are the 5 LIC Plans that offer coverage of Rs. 50 Lakhs. Have a look:

Plan Name Entry Age Policy Tenure Maturity Age
LIC SIIP 90 Days-65 years 10-25 years 18-85 years
LIC New Jeevan Anand 18-50 years 15-35 years 75 years
LIC New Jeevan Shanti 30 years-79 years NA 80 years
LIC Dhan Varsha 3-60 years 10 & 15 years 75 years
LIC Jeevan Umang 90 Days-55 years (100 – age at entry) years 30-70 years

People Also Read: LIC 20 Lakh Policy

Why Buy LIC 50 Lakh Plans?

Below mentioned are a few reasons that will help you to understand the benefits and importance of having a 50 Lakhs Insurance policy by LIC

  1. Financial Stability at affordable premiums

    Once you are gone, your family will have to struggle for everything that you used to provide. Your love, your guidance, and most importantly, financial stability. Along with the emotional loss, your family will also face financial loss. Thus, it is your responsibility to ensure your family has enough money to live independently. With the LIC 50 Lakh policy, you can live peacefully knowing that your family’s financial future will be protected.

  2. Stress-free Retirement

    Nowadays, it is quite crucial to plan strategically for your post-retirement life. Failing to do so can make you financially handicapped. Investing your money in LIC 50 Lakh policy during your earning years can ensure that when you retire, you have a huge corpus of Rs. 50 Lakhs which you can use to live your golden years with utmost dignity.

  3. Rising Living Standards

    With the increasing living standards, availing of quality medical and education facilities can sweep off all your savings. With a 50 Lakh Insurance policy by LIC, you can ensure that after maturity, you have enough corpus to secure and fulfill your basic requirements.

  4. Tax Advantages

    Under Section 80C of the Income Tax Act of 1961, premiums paid for a LIC life plan of 50 Lakhs are eligible for tax deductions.

You May Also Read: LIC 1 Crore Policy

Sample Premium Illustration of LIC 50 Lakhs Insurance Policy

Below mentioned is the sample premium illustration of 3 LIC plans that offer 50 Lakh Sum Assured. Have a look:

LIC Plans Monthly Premium Payable (in Rs.)
LIC New Jeevan Anand 19,059
LIC Jeevan Lakhshay 18,092
LIC Jeevan Umang 16,663

Note: The premiums are calculated for the 30-year-old male, with a policy term of 25 years.

From the above table, you can estimate the premiums you need to pay for the LIC 50 Lakh Policy. All the 3 plans have different premiums and LIC Jeevan Umang offers the lowest premium of Rs. 16,663. Thus, before choosing your LIC policy of 50 Lakhs, go through the policy document carefully and then decide.

The Bottom Line

Purchasing LIC policy of 50 Lakhs can help you to safeguard the financial future of your loved ones after your death. Not only do these plans offer death benefits after your demise, but also offer the benefit if you outlive the policy tenure.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:-
++Returns are 10 years returns of Nifty 100 Index benchmark

LIC of India
LIC Plans
LIC Amritbaal
LIC Index Plus
LIC Jeevan Dhara II-872
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

LIC of India articles

Recent Articles
Popular Articles
LIC Jeevan Utsav vs LIC Jeevan Umang

07 Jun 2024

4 min read

LIC Jeevan Utsav and LIC Jeevan Umang are two popular insurance
Read more
Review of LIC Index Plus

07 Jun 2024

2 min read

I recently bought LIC's Index Plus plan, which has provided me
Read more
LIC Versus PPF

05 Jun 2024

3 min read

When it comes to financial planning in India, two of the most
Read more
LIC Amritbaal Premium Calculator

29 Mar 2024

2 min read

LIC Amritbaal Premium and Maturity Calculator is an online tool
Read more
LIC New Endowment Plan Maturity and Premium Calculator

04 Mar 2024

2 min read

LIC's New Endowment Plan premium and maturity calculator allows
Read more
LIC Online Premium Payment

3 min read

The LIC Online Payment by Policybazaar enables policyholders to pay their insurance premiums online at their
Read more
10 Best LIC Plans to Invest in 2024

3 min read

Since 1956, LIC of India has offered several policies that combine insurance protection with wealth accumulation
Read more
How to Check the Maturity Amount of LIC Policies?

3 min read

The LIC maturity value is the amount payable to the policyholder upon the completion of the policy term. LIC
Read more

Download the Policybazaar app
to manage all your insurance needs.