Make Karwa Chauth Memorable By Gifting Your Wife A Life Insurance Policy from LIC

Karwa Chauth is celebrated across the country as a celebration of a couple's love for each other. While the wife fasts for her husband’s long life, the husband gives a gift as a token of his affection. This year try something different by gifting your wife a gift that keeps on giving. A life insurance policy from LIC will not only create financial security for life but also add value to her dreams. 

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

Life Insurance Corporation of India has been around for almost 66 years now and has established a name for itself in the insurance sector. Most of the plans introduced by LIC are created to benefit insurance seekers in the long run. In this article, we are going to go through the plans that will be specifically good to gift your wife this Karwa Chauth.

Why Should You Gift LIC Policy This Karwa Chauth?

This year think out of the box and gift your wife a gift that she will reap benefits from for her lifetime. A LIC Policy will be the perfect Karwa Chauth gift as it will be securing her financially for life. Here is a list of all the ways in which your wife can benefit from LIC Policies

  • As a lot of women are working these days, it can be hard to save for the future while maintaining the current lifestyle. A LIC Policy will ensure your spouse is prepared for any unexpected expenses like medical emergencies.

  • The returns from these policies can be used to fund any long time goals or dreams your wife might have like buying a house or a car.

  • There are a lot of LIC pension plans available that provide regular income post-retirement. This will make sure your wife is financially independent even after retirement and is able to continue living comfortably.

  • With inflation on the rise, it is important to financially prepare for a future where your wife is able to meet all of her future expenses. LIC’s ULIP plans like SIIP and New Pension Plus create a corpus over time and grow your wealth for your wife to be able to fulfill her dreams.

Best LIC Plans You Can Gift This Karwa Chauth

We have created a list of all the LIC Plans we think would make for a great Karwa Chauth Gift. You can go through these plans and purchase the one that would be the most suitable for you and your wife’s requirements.

  1. LIC Bima Jyoti


    • Maturity benefits including the guaranteed additions will be payable at the end of the policy term on outliving the plan.

    • Guaranteed Additions at the rate of Rs. 50 per thousand will be added to the Basic Sum Assured at the end of each year.

    • Since the premium paying term ends 5 years before the policy term you get a larger cover for a smaller premium paying term.

    • Get enhanced coverage against five additional riders. These riders can be LIC Accidental Death and Disability Benefit Rider, LIC’s Accident Benefit Rider, LIC’s New Term Assurance Rider, LIC’s New Critical Illness Benefit Rider, and LIC’s Premium Waiver Benefit Rider.

    Give your wife a larger cover for a smaller premium term with LIC Bima Jyoti

    For instance, you recently purchased the LIC Bima Jyoti for your wife who was at the time of the policy purchase, 41 years old. If the policy term is selected at 20 years then you would have to pay a premium of Rs. 1,480 monthly for 15 years. At the time of maturity, your wife would receive an amount of Rs. 4 Lacs as a Maturity benefit. She can invest this amount in her post-retirement dreams and expenses.



    • Maturity Benefit payable on outliving the policy term at the end of the maturity period along with the refund of mortality charges.

    • Choose the fund type as per your risk preference from the four types of investment funds. You can also switch between the funds.

    • LIC SIIP allows guaranteed additions to the returns, added to the yearly premiums. These are added at the end of specific years of the policy term at preset percentages.

    Beat inflation by creating a corpus with LIC SIIP

    For example, you are buying the LIC SIIP for your wife who is at the time of buying the policy 32 years of age. If the policy term is 25 years and the type of fund invested in is a Growth fund with a monthly installment of Rs. 10,000, then at the end of the policy term, your wife would receive Rs. 68,80,099. This amount will ensure that your wife is comfortably able to take care of herself and be financially independent.

  3. LIC New Pension Plus


    • If the life assured outlives the policy term, an amount equal to the Unit Fund Value will be payable to the policyholder.

    • Your wife will be entitled to receive guaranteed additions as a percentage of the annual premiums at the end of specific policy years throughout the policy term.

    • You get the option of extending the policy term to enjoy the benefit of the policy for a longer period of time.

    • You also get the option of switching between the different types of investment funds offered to increase or decrease the market risk.

    Grow your money for a stress-free life with LIC New Pension Plus

    So for example, you want to buy LIC New Pension Plus for your wife who is currently 28 years old. If you purchase the plan for a policy term of 22 years, at a monthly premium of Rs. 5,000 in the pension growth fund. Then at the end of the policy term, your wife would receive an amount of Rs. 27,32,115. She can use this amount to live comfortably and maintain her lifestyle.

  4. LIC Jeevan Umang


    • The Sum Assured will be paid on maturity of the policy to your wife on outliving the policy term.

    • An 8% Survival benefit of the Basic Sum Assured will be paid each year after the end of the premium paying term that can serve as extra regular income to manage expenses.

    • The policy offers a life cover till 100 years of age which will allow your wife to be covered under the policy and enjoy its benefits for a long time.

    • Since this is a participating plan, your wife would be eligible to receive a portion of the profits declared by the company.

    • The policy provides the option of including additional riders for enhanced cover. These riders can be LIC Accidental Death and Disability Benefit Rider, LIC’s Accident Benefit Rider, LIC’s New Term Assurance Rider, LIC’s New Critical Illness Benefit Rider, and LIC’s Premium Waiver Benefit Rider.

    Financially cover your wife for her whole life with LIC Jeevan Umang

    Let us suppose, you have bought the LIC Jeevan Umang for your wife who is currently 38 years old. Since the plan is a whole-life policy, the policy term will automatically be 62 years. For a premium paying term of 30 years, the monthly premium will be Rs. 1,437. After the maturity of the policy, your wife would receive a survival benefit of 8% at the end of each year after the premium payment term ends. She can utilize this amount to fulfill any dreams or aspirations she might have.

  5. LIC New Jeevan Shanti


    • Since the annuities will be paid after the end of the deferment period, your wife can set the deferment period according to her retirement and receive the annuity as soon as she goes on retirement.

    • The regular income will be payable for as long as your wife is alive, and she can use this amount to fulfill any post-retirement dreams.

    • The policy allows single and joint life options. So your wife can opt for the plan and enjoy the policy benefits with another lineal descendant.

    Secure your wife’s post-retirement life with LIC New Jeevan Shanti

    So for instance, you are thinking of purchasing the LIC New Jeevan Shanti plan for your wife as a pension plan, who is at the age of 50 at the time. You can buy the policy for Rs. 5 Lacs with a deferment period of 10 years. After 10 years when your wife’s monthly salary stops she would still receive a regular income of Rs. 4,380 through the plan. This will help stabilize her financial situation and independence.

How To Buy The LIC Policy?

You can purchase any one of these policies online and offline. You can log on to LIC’s official website to buy the plan online or visit the nearest LIC office and agent for offline purchase. All you have to do is have the required documents relevant to the plan and you can purchase the plan in lump sum or regular premium as per the specifications of the policy.


LIC Plans as Karwa Chauth Gifts might not be the most conventional gifts but they will definitely be the most thoughtful gift. Move over the typical gifts that lose their value over time and give a gift that will financially cover her needs. This Karwa Chauth, gift a plan that will take care of the one who selflessly takes care of everyone.

*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.