LIC Policy for Maximum Return in 2024

Life Insurance Corporation of India (LIC) has been a trusted name in the insurance sector for decades, offering a range of policies that provide financial security and growth potential. With a diverse range of products available, the company ensures to cater to every individual’s insurance needs and offer them maximum returns. 

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What is the Maximum Return in LIC Policies? 

An LIC policy with maximum return offered by the Life Insurance Corporation of India  aims to provide policyholders with higher potential investment gains compared to traditional policies. These policies often include market-linked components s where returns are influenced by market performance, offering a chance for greater growth alongside insurance coverage.

Best LIC Policy with High Returns

With the wide range of LIC policies, these are the best LIC policies for the highest return and additional benefits, which acts as an advantage in further securing the monetary needs. Below-mentioned are some of the best LIC policies with High Returns. Take a look:

Plan Name Entry Age Maximum Maturity Age Minimum Sum Assured
LIC SIIP 90 Days-65 years 85 years 10 times of Annualized Premiums
LIC Jeevan Umang 90 Days-55 years 100 years Rs. 2 Lakhs
LIC New Jeevan Shanti 30 years-79 years 80 years NA
LIC New Jeevan Amar 18 years- 65 years 80 years Rs. 25 Lakhs
LIC New Jeevan Anand 18-50 years 75 years Rs. 1 Lakh

LIC Plans for Maximum Return

Take a look at the below section to understand the best LIC plans for maximum return in detail, and choose the one that suits your budget and requirements.

  1. LIC SIIP Plan

    It is a unit-linked insurance plan that allows the policyholder to avail insurance protection and investment opportunities. The plan offers the four types of funds to choose from. The investment returns from LIC SIIP in the long term lets individuals grow their wealth and create a financial cushion for a secure future. 

    Key Features of LIC SIIP:

    • In case the policyholder dies during the policy term, an amount equal to the unit fund value is paid to the nominee of the policy as a death benefit.

    • If the policyholder survives till the end of the policy term, the unit fund value along with the refund of mortality charges is paid to the insurer.

    • The plan offers Guaranteed additions to the policyholder wherein a percentage of the yearly premium is added to the fund value on completing the 6th, 10th, 15th, 20th & 25th policy year.

  2. LIC Jeevan Umang Plan

    It is a whole life insurance policy wherein the policyholder gets coverage till the 100 years of age.The plan comes with double benefits of savings and earnings for financial coverage of the family. A fixed guaranteed amount is paid to the policyholder at the official end of tenure. 

    Key Features of LIC Jeevan Umang:

    • The policyholder will will receive a yearly survival benefit equivalent to 8% of the Basic Sum Assured, if they survived till the end of the premium payment term.

    • On the maturity of the policy, the sum assured, including reversionary bonuses to the final bonus, is paid.

    • The modes of the premium payment that the clients can avail themselves of are Yearly, Half-Yearly, Quarterly, and Monthly.

  3. LIC New Jeevan Shanti

    LIC's New Jeevan Shanti is a single-premium, non-linked, non-participating insurance plan that offers individuals the flexibility to choose either an immediate or deferred annuity option. It provides a secure source of regular income, making it an attractive choice for retirement planning.

    Key Features of LIC New Jeevan Shanti:

    • Policyholders can select from various annuity options, including immediate and deferred, tailored to their income needs.

    • The policy offers guaranteed annuity payouts, ensuring financial stability during retirement.

    • The plan can be extended to cover the spouse's life, ensuring continued income for both partners.

  4. LIC New Jeevan Amar

    LIC's New Jeevan Amar is a term insurance plan designed to provide comprehensive financial protection at affordable premiums. It offers policyholders the flexibility to choose from various death benefit options, ensuring a tailored coverage solution to meet individual family needs.

    Key Features of LIC New Jeevan Amar:

    • Policyholders can select from multiple death benefit options to customize coverage according to their family's requirements.

    • The plan offers substantial coverage at reasonable premium rates, making it accessible for a wide range of individuals.

    • The plan provides an increased sum assured in case of accidental death, offering additional financial security.

  5. LIC New Jeevan Anand Plan

    The plan promises to give coverage and savings benefits. The plan protects the life stage financial goals of the family during the unfortunate death of the earning member. The plan also provides a lump sum during the maturity of the plan as a maturity benefit. 

    Key Features of LIC New Jeevan Anand

    • On the policyholder's death, the plan will provide the beneficiary with the sum assured on death with additional bonuses, which will also be 125% of the basic sum assured or 7 times more than the annualized premium. On the policyholder's death after the tenure's expiration, the nominee will be paid the basic sum guaranteed.

    • If the policyholder survives the whole tenure of the policy, then the sum assured on maturity will be paid, including the additional bonuses.

    • The beneficiary can receive the death benefits in installments as per the beneficiary's convenience.

Factors to Keep in Mind Before Buying LIC Maximum Return Policy?

Buying an insurance plan can be tricky for the clients with the availability of a wide range of options and additional benefits. The basic features, which are essential to look at, and the clients should take into consideration before purchasing a plan or policy is:

  • Motive: Before buying a policy, the customers need to sort out their motives and check whether their desired plans fulfill the demands and purpose of their purchase.

  • Additional Benefits: The customers need to wisely choose a plan, which offers additional benefits during hard times.

  • Maximum Return: In order to determine a plan with maximum return, one needs to check the additional benefits and calculate the ROI accordingly.

  • Duration: The client should select the term of the policy according to the investment tenure. One should choose a policy term for ten years if one needs financial protection for ten years.

  • Types: The types of plans are also a domain to look through before buying a particular plan. One shall choose ULIPs only if they are willing to take a risk, and for others, endowment and money-back plans are some safer options.

The Bottom Line

Above-mentioned are some of the most lucrative insurance plans for those individuals who are looking for high returns.In order to purchase a plan with maximum return, one needs to go through the death benefits, maturity benefits, survival benefits, and other additional benefits, which the plan promises to provide. The clients can invest in the plans with maximum return according to their needs and affordability.

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

*The investment risk in the investment portfolio is borne by the policyholder.

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C applies.


  • Q: What factors influence returns in LIC policies?

    Ans: Returns are influenced by policy type, premium amount, policy term, and LIC's performance. Longer-term policies, higher premiums, and policies with investment components might yield higher returns.
  • Q: Which is the best LIC policy for maximum returns?

    Ans: Determining the best LIC policy for maximum returns depends on your financial goals and risk tolerance. While LIC policies offer stability and guaranteed returns, if your primary objective is high returns, you might want to explore market-linked policies like ULIPs or consider alternative investment options outside of traditional life insurance plans. Consulting a financial advisor can help you choose the most suitable policy based on your needs.
  • Q: Are there specific LIC policies designed for maximum returns?

    Ans: Some LIC policies, like ULIPs, have market-linked components for potentially higher returns. However, LIC policies are more renowned for security and stable growth rather than being solely focused on maximum rate.

*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

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