The Life Insurance Corporation of India (LIC) offers a variety of insurance plans tailored to meet diverse financial goals and protection needs. Below is a selection of notable LIC plans:
- LIC’s New Endowment Plan (Plan No. 914)
A traditional, participating endowment plan that combines savings with insurance coverage, offering maturity benefits along with bonuses. - LIC’s Jeevan Amar Plan
A non-participating, non-linked pure term insurance plan providing substantial life cover at affordable premiums, with flexibility in policy term and premium payment options. - LIC’s Tech Term Plan
An online-only, non-linked, non-participating pure risk premium plan offering financial protection to the insured’s family in case of an untimely demise. - LIC’s Jeevan Lakshya Plan
An endowment plan designed to provide financial support for the family in case of the policyholder’s demise, along with a lump sum at maturity. - LIC’s New Jeevan Anand Plan
A participating non-linked plan offering a combination of protection and savings, providing financial protection against death throughout the lifetime of the policyholder with a lump sum at the end of the selected policy term in case of survival. - LIC’s Jeevan Umang Plan
A whole life insurance plan offering annual survival benefits from the end of the premium paying term until maturity, along with a lump sum payment at maturity or on death. - LIC’s Jeevan Tarun Plan
A participating non-linked limited premium payment plan tailored to meet growing children’s educational and other needs through annual survival benefit payments from ages 20 to 24 and maturity benefit at age 25. - LIC’s SIIP Plan
A unit-linked, regular premium individual life insurance plan that offers insurance cum investment during the policy term. - LIC’s Bima Jyoti Plan
A non-linked, non-participating, individual, limited premium payment, life insurance savings plan which offers a combination of protection and savings. - LIC’s Jeevan Labh Plan
A limited premium paying, non-linked, with-profits endowment plan which provides a combination of protection and savings.
When selecting an LIC policy, it’s essential to assess your financial objectives, risk tolerance, and coverage requirements. Consulting with a financial advisor or LIC representative can help you choose the most suitable plan for your needs.