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I am 19 Years Old and Can Save ₹1,000 Per Month. Which LIC Policy Should I Buy for Long-Term Investment?
At 19 years old, if you can comfortably invest 1,000 per month, one of the very best options for building wealth and securing long-term life insurance is the New Endowment Plan of Life Insurance Corporation of India. Besides guaranteed maturity benefits, it also provides yearly bonuses and covers against risks through life insurance. Hence, it could be a superb way for youngsters to start investing. Because you are starting to invest at a young age, your money has the potential to multiply over time, and your premium will be quite cheap throughout the policy period.
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
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- 19 Years Old and Can Save ₹1
Best LIC Plans for a 19-Year-Old Investing ₹1,000 Monthly
Here are the best policies by LIC of India available for purchase in 2026:
| LIC Plan | Entry Age | Sum Assured | Policy Term | Maturity Age | Key Benefits |
| LIC Jeevan Labh 736 | 8 - 59 Years | 2 Lakhs - No Limit | 16, 21, 25 years | 75 years | Limited premium payment, high bonus potential, loan facility and high sum assured rebates |
| LIC Saral Jeevan Bima 859 | 18 - 65 years | 5 Lakhs - 25 Lakhs | 5 years - 40 years | 70 Years | Assured death benefit, regular, limited and single premium payments, rebates on half-yearly or monthly premium payments, a sum of Rs. 10 Lakhs and above, and online policies |
| LIC New Money Back Plan-25 Years 721 | 13 - 45 years | 1 Lakh - No Limit | 25 years | 70 Years | Money-back plan with bonus option, Survival benefits, a combination of protection and savings, |
| LIC Yuva Term 875 | 18 - 45 years | 50 Lakhs - 5 crores | 15 - 40 years | 33 - 75 years | Level and increasing sum assured, special rates for women, rebates on high sum assured, option to receive death benefit in instalments |
| LIC Jan Suraksha 880 | 18 - 45 years | 1 Lakh - 2 Lakhs | 12 to 20 Years | 70 Years | Auto cover after three full years of premium payment, Guaranteed Additions, limited premium payment option |
Is LIC the Right Investment at Age 19?
An LIC policy could be a good solution if you desire to combine controlled savings, assured returns, and life insurance in a single plan. When you start early, you can keep the premium low and build a significant fund gradually.
Nevertheless, LIC is most appropriate for conservative and low-risk investors. If your only aim is to get maximum returns, then there are several other options for generating higher wealth over a period. However, they involve market risks. LIC is suitable when your focus is on safety, stability, and insurance commitment. For comprehensive financial protection, LIC term insurance plans are available at very affordable premium rates.
Benefits of Starting an LIC policy at 19 Years of Age
Taking an LIC policy at an early age is beneficial in many ways:
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More affordable premiums throughout the policy duration
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Long investment period resulting in a higher corpus
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Increased bonus accrual over time
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Financial discipline is developed from a young age
Important Things to Consider Before Buying
Keep the following points in view when planning to buy any LIC plan:
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Pick a policy that can assist your long-term financial objectives. If
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Make sure that the premiums can be paid without any financial strain. You can use an LIC Calculator to check which LIC policies offer premiums close to Rs 1000/ month or Rs 12,000/ year.
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Be clear about the lock-in period and surrender value.
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Check the returns from other alternative investments.
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Consider adding the riders for extra safety.
Wrapping Up
For a 19-year-old putting aside 1,000 per month, the LIC New Endowment Plan and the other LIC policies mentioned here are the best LIC policies for 2026. They provide the right combination of affordability, assured maturity benefits, bonus payments, and life insurance cover, all of which are very important for a young investor just starting their investing journey.
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FAQ's
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Which LIC policy is suitable for an 18-year-old?
If you are an 18-year-old, then a highly recommended policy is LIC New Jeevan Anand. It gives you a great blend of savings, maturity benefits & lifelong life cover even after the policy matures. The youngsters, apart from getting the benefit of a lower premium, also have a longer period to invest and hence receive higher bonuses over time. -
What is the least expensive LIC policy in terms of premium?
LIC Tech-Term and LIC Jeevan Amar have the lowest premiums among all LIC plans. Being purely protection policies, they offer very affordable premiums and a very high level of life cover. Traditional plans, like New Jeevan Labh, are economical options if you want a combination of insurance and savings. -
What is the LIC policy for youth?
For youth, the best LIC plans are New Jeevan Anand and Jeevan Labh. Besides offering low premium costs, these plans also create wealth in the long run and provide bonus benefits, along with full coverage of life insurance. -
What is the best age to buy LIC?
One of the most suitable ages for purchasing an LIC policy is from 18 to 30 years. Buying early not only promises you lower premiums, a longer policy period, and larger bonus accumulation, but also better returns in the long run, making it a financially wise decision. -
How do I calculate my LIC maturity amount?
LIC maturity amount is determined by combining Basic Sum Assured, bonuses that are vested and any Final Additional Bonus. However, you may also refer to the LIC's online maturity calculator or customer portal, where you can get the estimates accurately.
Different types of Plans
*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:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
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