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Top investment plans offered by LIC

LIC is one of the oldest life insurance companies owned by the government of India. Started in the year 1956, the life insurance company offers a range of investment policies that help you fulfill your various life goals. The life insurer offers traditional insurance policies, whole life insurance plans, term insurance, etc. Each plan offers its range of benefits and advantages. Given below are the top investment plans offered by Life Insurance Corporation (LIC) in India.

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1 Crore Life Cover starting from just ₹16/Day*
1 Crore Life Cover starting from just ₹16/Day*
  • Tax Benefit
    Tax Benefit
    Up to 1,50,000**
  • Claim Support
    Claim Support
    Everyday 10AM-7PM
  • 45 Lacs+
    45 Lacs+
    Happy Customers

*Standard Terms and Conditions Apply.

**Tax benefits are subject to changes in Income Tax Act.

Investment plans offered by LIC

LIC Jeevan Pragati:

This insurance plan offers you a combination of life cover and savings. Every fifth year, the risk coverage increases and in addition to maturity and death benefit, you can also avail loan against the policy. This is a pure endowment plan that also offers you an option to opt for additional accidental death and disability rider.

Age at Entry

12 years to 45 years

Max. Maturity Age

65 years

Policy Term

12 years to 20 years

Min. Basic Sum Assured

Rs.1,50,000

Max. Basic Sum Assured

No limit

Premium Payment Mode

Yearly, half-yearly, quarterly, and monthly

Benefits

Death benefit, Maturity benefit, and participation in profits via Simple Reversionary Bonus and/or Final (additional) Bonus

Riders available

LIC Accidental Death & disability Benefit Rider

Policy loan

Loan facility is provided under this plan, on the condition that the policy has acquired surrender value.

Grace period

30 days (for yearly, half-yearly, and quarterly payment mode & 15 days (monthly mode)

LIC Jeevan Labh: This is another top plan by LIC that offers you the benefit of both protection and savings. The plan offers limited premium payment terms and also comes with a loan facility. Policyholders are also eligible to receive reversionary bonus along with the additional bonus that is offered at the time of policyholder’s death or maturity of the policy.

Min. age at entry

8 years

Max. age at entry

59 years (for 16-year policy term); 54 years (for 21-year policy term); 50 years (for 25-year policy term)

Max. maturity age

75 years

Policy term

16 years, 21 years, and 25 years

Premium payment term

10 years (16-year policy term); 15 years (for 21-year policy term); 16 years (for 25-year policy term)

Min. basic sum assured

Rs.2 lakh

Max. basic sum assured

No limit

Premium payment mode

Yearly, half-yearly, quarterly, and monthly

Benefits

Death benefit, Maturity benefit, and participation in profits via Simple Reversionary Bonus and/or Final (additional) bonus

Riders available

LIC Accidental Death & disability Benefit Rider & LIC New Term Assurance Rider

Policy loan

Available with this plan

Grace period

30 days (for yearly, half-yearly, and quarterly payment mode & 15 days (monthly mode)

LIC Jeevan Umang: This is a whole life insurance plan that offers you great benefit of regular income and protection. At the end of the premium paying term, survival benefit is offered to the insured until the maturity of the policy and lump sum benefit too is paid on maturity. In case of the death of the policyholder during the policy term, death benefit is given. Maturity benefit is offered along with simple reversionary and additional bonus.

Age at entry

90 days to 55 years

Age at maturity

100 years

Min. age at end of premium payment term

30 years

Max. age at end of premium payment term

70 years

Policy term

(100 - (minus) age at entry) years

Premium payment term

15, 20, 25, and 30 years

Min basic sum assured

Rs.2 lakh

Max. basic sum assured

No limit

Risk commencement

If life assured is aged 8 years when entering the policy, risk cover will start either 2 years after date of policy commencement, or from the date of policy anniversary which falls on/after the minor turns 8, whichever is sooner.

If life assured is 8 years or older at the time of policy entry, risk coverage will begin instantly

Premium payment mode

Yearly, half-yearly, quarterly, and monthly

Benefits

Death benefit = sum assured on death + Simple Reversionary Bonus + Final Additional Bonus (if any)

Survival benefit - when life assured survives the premium payment term, survival benefit equivalent to 8% of basic sum assured is payable from the end of the premium payment term till the life assured's death or till policy anniversary falling right before policy maturity, whichever occurs earlier.

Maturity benefit - sum assured on maturity + Simple Reversionary Bonus + Final Additional Bonus (if any)

Riders

Riders available with this plan include LIC Accidental Death & Disability Benefit Rider, LIC Accident Benefit Rider, LIC New Term Assurance Rider, and LIC New Critical Illness Benefit Rider

Policy loan

Available with this plan

LIC Jeevan Anand

LIC Jeevan Anand is a participating non-linked insurance plan that offers you the dual benefit of protection and savings. This is an endowment cum whole life insurance plan offering protection along with bonus facilities. In case of accidental death, doubt death benefit is offered. The plan offers a lump sum amount on maturity and offers a loan facility as well.

Age at entry

18 years to 50 years

Age at maturity

75 years

Policy term

15 years to 35 years

Min. basic sum assured

Rs.1 lakh

Max. basic sum assured

No limit

Premium payment mode

Yearly, half-yearly, quarterly, or monthly.

Benefits

Death benefit - Sum assured + Simple Reversionary Bonus + Final Additional Bonus (if any)

Maturity benefit - Sum assured + Simple Reversionary Bonus + Final Additional Bonus (if any)

Participation in profits

Rider available

LIC Accidental Death and Disability Benefit rider

Policy loan

Loan facility is available after the policy acquires surrender value. This is subject to the terms and conditions of the plan

Free look period

If policyholders wish to return the policy, they must do so within the free look period of 15 days starting from the date of receipt of policy document.

Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

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1Cr
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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Reasons to choose LIC investment plans

LIC offers a wide range of insurance plans that offer you extensive coverage and are affordable as well. Given below are a few reasons as to why you should invest in LIC.

  • Extensive network: LIC has a wide range of network, operating from over 2,000+ branch offices, 8 zonal offices, 113 divisional offices, and 1000 satellite offices.
  • Wide range of plans: LIC currently offers you over 15+ insurance plans including endowment plans, term plans, money back plans, whole life insurance, etc. The plans are designed keeping in mind the varying requirements of the customer.
  • Technologically advanced: LIC offers you great convenience by making it easy for you to apply for policy online, carry out documentation processes and even buy or renew the policy online.

Life Insurance Companies User Reviews

What users are saying
  • Securing Family

    I was looking for a meaningful gift for my niece’s wedding when I came across the Life Insurance policy from InsuranceDekho. I gifted her LIC Life Insurance, and there couldn’t have been a better gift for her future. Thank you, team. You are doing a wonderful job. 

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    S
    LIC
    By Sandeep Bishnoi
    On: June 24, 2024
  • Perfect Gift for my family

    My parents are getting older, I surprised them with a life insurance policy from Bajaj Allianz Life Insurance. I purchased it through InsuranceDekho; the process was smooth and a totally easy breeze. Thank you team, for helping me secure my family.

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    A
    Bajaj Allianz
    By Asraf Ali
    On: June 24, 2024
  • User-Friendly Portal

    InsuranceDekho has helped me find a perfect Life Insurance Plan from ICICI Prudential. It fits my budget and all my family's needs. Thanks to the online premium calculator, I was able to compare all my plans before making a decision. They have such an easy-to-use portal. Recommend to everyone. 

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    J
    ICICI Prudential
    By Jipin TP
    On: June 21, 2024
  • Supportive team

    Insurancedekho helped me understand the importance of a joint life insurance plan for both me and my wife. Based on their recommendation, we bought HDFC Life Insurance. Their advice has come in handy, and now we enjoy the benefit of safety it provides. Thank you so much, team. 

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    HDFC
    By Karthick arjuna
    On: June 21, 2024
  • Customer Satisfaction

    My child has special needs, and upon referral from my family friend, I bought PNB MetLife Insurance for my kid from InsuranceDekho. Shruti from the customer support team helped me at every stage, and now my family has financial security for their care after I am gone. Thank you. 

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    PNB Met
    By Niliska D’Souza
    On: June 21, 2024

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