LIC
Zindagi Ke Saath Bhi, Zindagi Ke Baad Bhi
Life Insurance Corporation of India (LIC) is the largest and most trusted life insurance company in India. Established in 1956, LIC has insured over 30 crore lives with 98.58% claim settlement ratio.
1956
Founded
98.58%
Claims Ratio
31
Insurance Plans
4.8★
Customer Rating
Endowment Plans
Savings + Protection plans that pay maturity benefit along with life cover and bonuses
LIC's New Jeevan Anand (Plan 715)
LIC's #1 selling plan - protection continues even after policy matures
₹150/Day
Premium
₹1 Lakh - No Limit
Coverage
15-35 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- LIC's most popular plan - protection continues even after maturity
- Participation in profits through Simple Reversionary Bonuses
- Final Additional Bonus for long-term policies
- Loan facility available after 3 years
- Paid-up value available after 3 years premium paid
- Surrender value available after 3 years
Available Riders
LIC's New Endowment Plan (Plan 714)
Classic endowment plan with bonus from year 1 - ideal for conservative savers
₹120/Day
Premium
₹1 Lakh - No Limit
Coverage
12-35 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- Traditional with-profit endowment plan
- Simple Reversionary Bonuses declared annually
- Final Additional Bonus for policies held 15+ years
- Loan facility after 3 years premium paid
- Paid-up and surrender value available
- Tax benefits under Section 80C & 10(10D)
Available Riders
LIC's Single Premium Endowment Plan (Plan 717)
One-time payment endowment plan - no monthly premium hassle
Single Premium
Premium
₹1 Lakh - No Limit
Coverage
10-25 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- Pay once, stay covered for full term
- No regular premium payment required
- Participation in profits - bonuses applicable
- Loan facility available after 1 year
- Ideal for lump sum investors
- Tax benefits under Section 80C & 10(10D)
Available Riders
LIC's Jeevan Lakshya (Plan 733)
Family protection plan with annual income benefit - protects children's future
₹130/Day
Premium
₹2 Lakh - No Limit
Coverage
13-25 Years
Policy Term
₹2 Lakh
Min Sum Assured
Benefits
Key Features
- Annual Income Benefit to family on policyholder's death
- 10% of Basic SA paid yearly to nominee till maturity
- Lump sum at maturity even if policyholder survives
- Simple Reversionary Bonuses + Final Additional Bonus
- Ideal for parents - protects children's future goals
- Loan facility available
Available Riders
LIC's Jeevan Labh (Plan 736)
Pay for 10-15 years, get coverage for 16-25 years - finish premium early
₹110/Day
Premium
₹1 Lakh - No Limit
Coverage
16/18/20/25 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- Limited premium paying - finish paying before policy ends
- Shorter PPT, longer coverage - pay less, get more
- Simple Reversionary Bonuses from year 1
- Final Additional Bonus for long-term holding
- Loan facility available
- Paid-up value after 3 years premium paid
Available Riders
LIC's Bima Jyoti (Plan 760)
Guaranteed ₹50/1000 SA additions every year - no bonus uncertainty
₹100/Day
Premium
₹1.25 Lakh - No Limit
Coverage
15-20 Years
Policy Term
₹1.25 Lakh
Min Sum Assured
Benefits
Key Features
- Guaranteed Additions of ₹50 per ₹1000 Basic SA every year
- Non-participating plan - guaranteed benefits fixed at inception
- No bonus uncertainty - what you see is what you get
- Loan facility available
- Available online from LIC website
- Tax benefits under Section 80C & 10(10D)
Available Riders
LIC's Nav Jeevan Shree (Plan 912)
Updated endowment plan with enhanced features and benefits
₹135/Day
Premium
₹1 Lakh - No Limit
Coverage
12-35 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- Regular premium endowment with updated features
- Participation in profits - reversionary bonuses
- Final Additional Bonus for long-term policies
- Loan facility available
- Paid-up and surrender value available
- Tax benefits under Section 80C & 10(10D)
Available Riders
LIC's Bima Lakshmi (Plan 881)
Lakshmi - the goddess of wealth, plan for prosperity and protection
₹140/Day
Premium
₹1 Lakh - No Limit
Coverage
15-25 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- New endowment plan with comprehensive benefits
- Participation in profits - reversionary bonuses
- Final Additional Bonus
- Loan facility available
- Tax benefits under Section 80C & 10(10D)
- Available through agents and online
Available Riders
LIC's New Jeevan Sathi - Single Premium (Plan 888)
Couple plan - protect both spouses with a single premium payment
Single Premium
Premium
₹1 Lakh - No Limit
Coverage
10-25 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- Couple plan - husband and wife together
- Single premium payment - pay once
- Joint life coverage for both spouses
- Participation in profits
- Tax benefits under Section 80C & 10(10D)
- Loan facility available
Available Riders
LIC's New Jeevan Sathi - Limited Premium (Plan 889)
Couple plan with limited pay - finish premium early, stay covered together
₹120/Day
Premium
₹1 Lakh - No Limit
Coverage
15-30 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- Couple plan with limited premium payment
- Joint life coverage for husband and wife
- Pay for shorter period, coverage continues
- Participation in profits - reversionary bonuses
- Loan facility available
- Tax benefits under Section 80C & 10(10D)
Available Riders
Whole Life Plans
Plans that provide protection and income for your entire lifetime
LIC's Jeevan Umang (Plan 745)
8% of SA as annual income for life after premium paying term - guaranteed lifelong income
₹160/Day
Premium
₹1 Lakh - No Limit
Coverage
Whole Life (up to age 100)
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- Annual income of 8% of SA from PPT end till age 100
- Whole life coverage up to age 100
- Simple Reversionary Bonuses + Final Additional Bonus
- Loan facility available after 3 years
- Income benefit continues for lifetime - guaranteed
- Tax benefits under Section 80C & 10(10D)
Available Riders
LIC's Jeevan Utsav (Plan 771)
Guaranteed 1% of SA monthly income for life - no bonus dependency
₹170/Day
Premium
₹1 Lakh - No Limit
Coverage
Whole Life (up to age 100)
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- Guaranteed 1% of SA as monthly income for life
- Pay for 10-15 years, get income for life
- Whole life coverage up to age 100
- Return of all premiums paid on death
- No bonus dependency - guaranteed benefits
- Tax benefits under Section 80C & 10(10D)
Available Riders
LIC's Jeevan Utsav Single Premium (Plan 883)
One-time payment for guaranteed lifetime income - ideal for retirees
Single Premium
Premium
₹1 Lakh - No Limit
Coverage
Whole Life (up to age 100)
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- Single premium - pay once, get income for life
- Guaranteed monthly income till age 100
- Whole life coverage
- Return of premium on death
- No regular premium payment required
- Tax benefits under Section 80C & 10(10D)
Available Riders
Child Plans
Secure your child's future with guaranteed savings and education funding
LIC's Amritbaal (Plan 774)
Guaranteed ₹60/1000 SA additions - pay once, secure child's entire future
₹70/Day
Premium
₹2 Lakh - No Limit
Coverage
Child's age 25 years
Policy Term
₹2 Lakh
Min Sum Assured
Benefits
Key Features
- Guaranteed Additions of ₹60 per ₹1000 Sum Assured per year
- Single premium option - pay once, relax
- Premium waiver benefit in case of proposer's death
- Multiple payout options at maturity
- Loan facility available
- Tax benefits under Section 80C & 10(10D)
Available Riders
Unit Linked Plans (ULIP)
Market-linked insurance plans for wealth creation with insurance cover
LIC SIIP - Systematic Investment Insurance Plan
Systematic market investment with life cover - 5 fund options with loyalty boosts
₹200/Day
Premium
Market Linked Returns
Coverage
10-30 Years
Policy Term
Higher of 10x Annualized Premium or Minimum SA
Min Sum Assured
Benefits
Key Features
- 5 fund options: Equity, Debt, Balanced, Managed Growth, Whole Life
- Unlimited free switches between funds
- Top-up facility for additional investment
- Systematic Withdrawal Plan available
- Loyalty Additions after 5 years of continuous premium
- Tax benefits under Section 80C & 10(10D)
Available Riders
LIC Nivesh Plus
One-time investment with market returns - ideal for lump sum investors
₹250/Day
Premium
Market Linked Returns
Coverage
10-20 Years
Policy Term
10x Annualized Premium
Min Sum Assured
Benefits
Key Features
- Single premium or limited premium option
- Multiple fund options available
- Fund switching facility
- Loyalty boosts from year 6
- Partial withdrawals allowed
- No allocation charges on top-ups
Available Riders
Term Assurance Plans
Pure protection plans providing high life cover at affordable premiums
LIC's New Jeevan Amar (Plan 955)
LIC's flagship offline term plan - no upper limit on sum assured with special women rates
₹22/Day
Premium
₹25 Lakh - No Limit
Coverage
10-40 Years
Policy Term
₹25 Lakh
Min Sum Assured
Benefits
Key Features
- Level Sum Assured or Increasing Sum Assured option
- Special lower premium rates for women
- Two premium categories: Non-Smoker and Smoker rates
- High Sum Assured Rebate for cover above ₹50 Lakh
- Option to take death benefit in instalments (5/10/15 years)
- Accident Benefit Rider available
Available Riders
LIC's New Tech-Term (Plan 954)
Cheapest LIC term plan available online - buy directly from website
₹18/Day
Premium
₹50 Lakh - No Limit
Coverage
10-40 Years
Policy Term
₹50 Lakh
Min Sum Assured
Benefits
Key Features
- Online purchase directly from LIC website - lowest premium
- Level Sum Assured or Increasing Sum Assured option
- Special lower premium rates for women and non-smokers
- High Sum Assured Rebate
- Option to receive death benefit in instalments
- Accident Benefit Rider available
Available Riders
LIC's Digi Term (Plan 876)
Digital-first term plan with additional death benefit for online buyers
₹20/Day
Premium
₹25 Lakh - No Limit
Coverage
10-40 Years
Policy Term
₹25 Lakh
Min Sum Assured
Benefits
Key Features
- Online term insurance with additional death benefit
- Lower premium for online purchase
- Special women rates available
- Non-smoker preferred rates
- Accident Benefit Rider available
- Tax benefits under Section 80C & 10(10D)
Available Riders
LIC's Yuva Term (Plan 875)
Youth-focused term plan with lowest premiums for young Indians
₹16/Day
Premium
₹25 Lakh - No Limit
Coverage
10-40 Years
Policy Term
₹25 Lakh
Min Sum Assured
Benefits
Key Features
- Special rates for young lives (18-35 years)
- Online purchase available
- Non-smoker preferred rates
- Accident Benefit Rider available
- Tax benefits under Section 80C & 10(10D)
- Affordable premiums for youth
Available Riders
LIC's Saral Jeevan Bima (Plan 859)
IRDAI standardized plan - same features across all insurers for easy comparison
₹25/Day
Premium
₹5 Lakh - ₹25 Lakh
Coverage
5-40 Years
Policy Term
₹5 Lakh
Min Sum Assured
Benefits
Key Features
- IRDAI standardized term plan - easy to compare
- Simple terms and conditions
- No medical examination up to certain limits
- Available offline through agents
- Tax benefits under Section 80C & 10(10D)
- Grace period of 30 days
Available Riders
LIC's Bima Kavach (Plan 887)
Term + Critical Illness combo - dual protection at affordable cost
₹30/Day
Premium
₹5 Lakh - ₹25 Lakh
Coverage
5-20 Years
Policy Term
₹5 Lakh
Min Sum Assured
Benefits
Key Features
- Term insurance with Critical Illness cover
- Lump sum payment on diagnosis of specified critical illnesses
- Covers cancer, heart attack, stroke, and more
- Affordable combined protection
- Tax benefits under Section 80C & 80D
- Available offline through agents
Available Riders
LIC's Digi Credit Life (Plan 878)
Protect your family from loan burden - single premium loan protection
₹15/Day
Premium
₹5 Lakh - ₹25 Lakh
Coverage
5-20 Years
Policy Term
Decreasing SA equal to outstanding loan
Min Sum Assured
Benefits
Key Features
- Loan protection term insurance
- Single premium - pay once
- Covers home loan, personal loan, car loan
- Online purchase available
- Tax benefits under Section 80C
- Simple application process
LIC's Yuva Credit Life (Plan 877)
Loan protection designed for young borrowers - protect your family from EMI burden
₹18/Day
Premium
₹5 Lakh - ₹25 Lakh
Coverage
5-20 Years
Policy Term
Decreasing SA equal to outstanding loan
Min Sum Assured
Benefits
Key Features
- Youth-focused loan protection plan
- Single premium payment
- Covers all types of loans
- Online purchase available
- Affordable rates for young borrowers
- Tax benefits under Section 80C
Money Back Plans
Get survival benefits at regular intervals during the policy term with bonus
LIC's Bima Shree (Plan 748)
Guaranteed additions + money back - double benefit for your savings
₹95/Day
Premium
₹5 Lakh - No Limit
Coverage
14-20 Years
Policy Term
₹5 Lakh
Min Sum Assured
Benefits
Key Features
- Guaranteed Additions of ₹50 per ₹1000 SA every year
- Money back at regular intervals
- Minimum 105% of premiums returned as survival benefit
- Participation in profits - reversionary bonuses
- Loan facility after premium paying term
- Tax benefits under Section 80C & 10(10D)
Available Riders
LIC's New Money Back Plan - 25 Years (Plan 721)
20% money back every 5 years - perfect for children's education milestones
₹80/Day
Premium
₹1 Lakh - No Limit
Coverage
25 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- 20% of Sum Assured paid every 5 years (ages 20, 25, 30, 35)
- 4 survival benefits totalling 80% of SA
- Remaining 20% + bonus paid at maturity
- Life cover continues for full 25 years
- Bonus participation throughout the term
- Loan facility available after 3 years
Available Riders
LIC's New Money Back Plan - 20 Years (Plan 720)
Higher 25% money back at shorter intervals - quicker returns
₹75/Day
Premium
₹1 Lakh - No Limit
Coverage
20 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- 25% of Sum Assured paid every 5 years (ages 20, 25, 30)
- 3 survival benefits totalling 75% of SA
- Remaining 25% + bonus paid at maturity
- Life cover continues for full 20 years
- Bonus participation throughout the term
- Loan facility available
Available Riders
LIC's New Children's Money Back Plan (Plan 732)
Money back at every education milestone - school, college, higher studies, career
₹55/Day
Premium
₹1 Lakh - No Limit
Coverage
25 years (from child's birth)
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- 20% of SA paid at ages 18, 20, 22, and 24 (4 survival benefits)
- Remaining 20% + bonus paid at maturity (age 25)
- Premium waiver if proposer dies during policy term
- Life cover continues even without premium payment
- Bonus participation from year 1
- Loan facility available
Available Riders
LIC's Jeevan Tarun (Plan 734)
Children's plan with money back at higher education and career start milestones
₹50/Day
Premium
₹1 Lakh - No Limit
Coverage
25 years (from child's birth)
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- 20% of SA paid at ages 20, 22, 24, and 26 (4 survival benefits)
- Remaining 20% + bonus paid at maturity (age 27)
- Premium waiver if proposer dies
- Life cover continues for child even without premium
- Bonus participation throughout
- Loan facility available
Available Riders
Pension / Retirement Plans
Guaranteed income for life after retirement
LIC's New Pension Plus
Guaranteed pension with option to get your money back - LIC's best retirement plan
₹200/Day
Premium
Guaranteed Pension for Life
Coverage
As per annuity option
Policy Term
Minimum ₹10,000 per month pension
Min Sum Assured
Benefits
Key Features
- Guaranteed lifelong pension
- 7 annuity options available
- Joint life option for spouse
- Return of purchase price option
- Tax benefits under Section 80CCC
- Immediate or deferred annuity
LIC's Jeevan Akshay VII
Pay once, get pension for life - simplest retirement solution from LIC
Single Premium
Premium
Guaranteed Pension for Life
Coverage
Whole Life
Policy Term
Based on purchase price
Min Sum Assured
Benefits
Key Features
- Immediate annuity from next month
- 10 annuity options available
- Guaranteed pension for life
- Pension can be monthly/quarterly/half-yearly/yearly
- Return of purchase price option
- No medical examination required
Why Choose LIC?
High Claim Settlement
LIC has a claim settlement ratio of 98.58%, ensuring your family gets the benefits when they need it most.
Trusted Brand
With a legacy since 1956, LIC is one of the most trusted insurance brands in India.
Innovative Products
LIC offers 31 innovative insurance solutions across 7 categories tailored to your needs.
Need Help Choosing the Right LIC Plan?
Our AI-powered advisor can help you find the perfect LIC plan from 31 options based on your financial profile and needs.