LIC Savings Plans

LIC savings plans come with insurance protection as well as opportunities to maintain a financial reserve for the future. These plans offer guaranteed returns ensuring that you keep your hard-earned money to fund future expenses. This page discusses the wide range of savings plans offered by the Life Insurance Corporation of India for you to compare and pick the best option.

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List Of LIC Savings Plans


Plan Names 

Plan Type
Eligibility Criteria
Entry Age Maturity Age Sum Assured
LIC’s Dhan Rekha Non-linked savings life insurance plan 90 days to 60 years* 28-80 years* Min - Rs. 2,00,000
Max - No limit
LIC's New Jeevan Anand Non-linked life assurance savings plan 18-50 years Max - 75 years Min - Rs. 1,00,000
Max - No limit
LIC's Jeevan Labh Non-linked endowment savings plan 8-59 years* Max - 75 years Min - Rs. 2,00,000
Max - No limit
LIC's New Bima Bachat  Non-linked savings cum protection plan 15-50 years 59-65 years Min - Rs. 35,000 to Rs. 70,000
Max - No limit
LIC's Single Premium Endowment Plan Non-linked savings cum protection plan 90 days to 65 years Max - 75 years Min - Rs. 50,000
Max - No limit
LIC's New Money Back Plan-20 Years Non-linked savings cum protection plan 13-50 years Max - 70 years Min - Rs. 1,00,000
Max - No limit
LIC's Bima Shree Non-linked life assurance savings plan 8-55 years* 65-69 years Min - Rs. 10,00,000
Max - No limit
LIC's Jeevan Lakshya Non-linked life assurance savings plan 18-50 years Max - 65 years Min - Rs. 1,00,000
Max - No limit
LIC’s New Endowment Plan Non-linked life assurance savings plan 8-55 years Max - 75 years Min - Rs. 1,00,000
Max - No limit
LIC's Bima Jyoti Non-linked life assurance savings plan 90 days to 60 years Max - 75 years Min - Rs. 1,00,000
Max - No limit
LIC’s Bachat Plus Non-linked life assurance savings plan 90 days to 70 years* 18-80 years* Min - Rs. 1,00,000
Max - No limit
LIC's Aadhaar Shila Non-linked life assurance savings plan for females 8-55 years Max - 70 years Min - Rs. 75,000
Max - Rs 3 Lakhs
LIC's Aadhaar Stambh Non-linked life assurance savings plan for males 8-55 years Max - 70 years Min - Rs. 75,000
Max - Rs 3 Lakhs
LIC's Jeevan Umang  Non-linked life assurance savings (whole life) plan  90 days to 55 years Max - 100 years Min - Rs. 2,00,000
Max - No limit
LIC's Jeevan Tarun Non-linked life assurance savings plan for children 90 days to 12 years Max - 25 years Min - Rs. 75,000
Max - No limit
LIC's Jeevan Shiromani Non-linked life assurance savings plan  18-55 years* 65-69 years Min - Rs. 1 Crore
Max - No limit

* Note - Range varies as per the policy term chosen, among other aspects such as premium paying term.

Key Features Of LIC Savings Plans

  1. LIC’s Dhan Rekha

    • 10% to 20% of the BSA is offered to the life assured on surviving certain policy years. 

    • Guaranteed additions up to Rs. 60 per Rs. 1000 BSA accrues from the 6th policy year till maturity. 

    • It comes with a lot of flexibility in choosing the policy term (20, 30, or 40 years) and in terms of premium payment (single/limited).

    • If the policy is issued in the name of a child, it shall vest in his/her name itself when they reach the age of 18 years. 

    • Rebates are offered in premiums on choosing a sum assured above Rs. 5 Lakhs and on choosing yearly or half-yearly modes of premium payment. 

  2. LIC's New Jeevan Anand

    • Policyholders can avail of the loan against the basic sum assured under the policy. 

    • On the maturity of the policy, a lump sum amount equal to the BSA plus vested Simple Reversionary Bonuses and Final Additional Bonus is paid. 

    • The death benefit is payable along with the abovementioned bonuses if the death of the life assured occurs within the policy term. 

    • The policy term or the duration of the insurance cover under this policy can range from 15 to 35 years. 

  3. LIC's Jeevan Labh

    • Death and maturity benefit will be paid along with applicable bonuses if the conditions are met. 

    • The policy term options are 16, 21, and 25 years. The corresponding premium paying terms are 10, 15, and 16 years. 

    • Both the types of benefits, death or maturity, can be received in installments over a period of 5, 10, or 15 years. 

    • Additional benefit can be claimed if riders against accidental death, disability, critical illnesses are opted for. 

  4. LIC's New Bima Bachat 

    • It comes with survival benefits wherein 15% of the basic sum assured is paid at periodic intervals. 

    • The death benefit is payable along with Loyalty Additions if the death of the life assured occurs within the policy term. 

    • Maturity benefit is equal to the lum sum premium paid at the time of policy issuance. 

    • Policyholders can choose from a policy term of 9, 12, or 15 years. 

    • Extra protection against death and disability can be availed. 

  5. LIC's Single Premium Endowment Plan

    • Sum assured on death of the policyholder is paid along with vested Simple Reversionary Bonuses and Final Additional Bonus. 

    • Maturity benefits are comprised of the basic sum assured and are paid along with the abovementioned bonuses. 

    • Both the maturity and the death benefit can be claimed in installments. 

    • The premium for this plan has to be paid as a lump sum amount. 

    • The policy term can range from 10 to 25 years. 

  6. LIC's New Money Back Plan-20 Years

    • The policy term can be a maximum of 20 years and the premium paying term of 15 years. 

    • The death benefit is equal to 125% of the BSA or 7 times the annual premium, whichever is higher at the time of death. 

    • Policyholders are entitled to survival benefits equal to 20% of the BSA, payable on the completion of the 5th, 10th, and 15th policy years. 

    • Sum assured of the maturity of the policy is equal to 40% of the BSA and is paid along with the applicable bonuses. 

  7. LIC's Bima Shree

    • Policyholders can avail of the loan facility if two years’ premiums have been paid. 

    • A guaranteed addition of Rs. 50-55 per Rs. 1000 of the BSA is added till the end of the premium paying term. 

    • The policy term can be chosen from 14, 16, 18, or 20 years. The premium paying term will be equal to the policy term minus 4 years. 

    • Death and maturity benefits are payable along with the accrued guaranteed and loyalty additions. 

    • Based on the policy term chosen, survival benefits as a percent of the BSA shall be payable at different policy years. 

  8. LIC’s Jeevan Lakshya

    • Policyholders can claim an annual income benefit equal to 10% of the BSA. 

    • Death and maturity benefits are payable with vested Simple Reversionary bonuses and Final Additional bonus. 

    • Enhanced protection against accidental death, disability, and critical illnesses can be availed of with the rider options. 

    • The benefits can be claimed in installments instead of a lump sum payout. 

  9. LIC’s New Endowment Plan

    • The death benefit can be claimed against the death of the life assured along with bonuses. 

    • Maturity benefit is equal to the basic sum assured. 

    • Extra protection against accidental death, disability, and critical illness can be availed on paying additional premiums. 

    • The death benefit is payable in monthly, quarterly, half-yearly, and yearly installments. 

  10. LIC's Bima Jyoti

    • It comes with guaranteed additions of Rs. 50 per Rs. 1000 BSA, added at the end of each policy year. 

    • Death and maturity beenfit payouts are done along with the accrued guaranteed additions. 

    • The policy term can range from 15 to 20 years. The premium paying term is defined as the policy term minus 5 years. 

    • The premium waiver rider can be opted for if the policy has been issued in the name of a minor. 

  11. LIC’s Bachat Plus

    • There are several options in the death benefit payout based on the premium paying mode chosen (single or limited). 

    • Maturity benefit is equal to the BSA and is paid along with loyalty additions. 

    • Loyalty additions are applicable on completing 5 policy years and if all the premiums have been paid. 

    • Benefits can be claimed in installments. 

  12. LIC's Aadhaar Shila & LIC's Aadhaar Stambh

    • Aadhaar Shila is exclusively for female lives and the Aadhaar Stambh policy is for male lives. 

    • The auto cover benefit and the loan feature under these plans help take care of your liquidity needs. 

    • Sum assured on the death of the life assured is payable along with loyalty additions. 

    • The policy term can range from 10 to 20 years. The premium paying term shall be the same as the policy term. 

  13. LIC's Jeevan Umang 

    • It offers a combination of income and life protection to the policyholder and their family. 

    • On the completion of the premium paying term, 8% of the BSA will be paid each year as a survival benefit. 

    • The death benefit can be taken in installments. 

    • Premium rebates are applicable on assuring a sum above Rs. 5 lakhs. 

  14. LIC's Jeevan Tarun

    • There are 4 choices in survival benefits, based on which the maturity value changes. 

    • Survival benefits can be claimed for a period of 5 years from the age of 20 to 24 years. 

    • Premium waiver rider ensures that the death of the parent does not affect the insurance cover and the benefits for the surviving child. 

    • Maturity beenfit can be claimed in installments. 

  15. LIC's Jeevan Shiromani

    • Policy term can be chosen among 14, 16, 18, or 20 years. 

    • The premium paying term will be equal to the policy term minus 4 years. 

    • Survival benefits on surviving certain policy years are payable as a percent of the basic sum assured. 

    • Rider benefits can be availed against 15 critical illnesses, with an option to defer premium payments.

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