🏛️ About LIC Insurance Plans & Policies

LIC (Life Insurance Corporation of India) offers a wide range of insurance plans and policies to cater to the diverse needs and preferences of individuals. Here is an overview of some of the popular LIC insurance plans and policies:

1. Endowment Plans

• 714 – New Endowment Plan
  Offers protection plus savings. Pays the sum assured at maturity or on death.
  Term: 10–35 years. Includes bonuses & dual benefits.


• 715 – New Jeevan Anand
  Provides whole life coverage + lump sum maturity benefit.
  Term: 25 years or until age 100.


• 733 – Jeevan Lakshya
  Designed for children; pays lump sum at future milestone.
  Term: 13–25 years.


• 736 – Jeevan Labh
  Limited premium endowment plan with early maturity benefits.
  Term: 10, 20, 25 years.


• 760 – Bima Jyoti
  Limited premium plan with savings + life cover.
  Term: 10 or 15 years.

2. Micro Plans

• 751 – Micro Bachat
  Low premium, affordable life cover for low-income individuals.
  Term: ~10 years.

3. MoneyBack Plans

• 720 – New MoneyBack (20 Years)
  Offers periodic survival benefits + maturity payout.
  Term: 20 years.

4. Children Plans

• 734 – Jeevan Tarun
  Offers child milestone survival benefits.
  Term: 25 years.


• Amrit Baal
  Ensures financial security for children with savings + life cover.
  Term: up to 25 years.

5. Whole Life Plans

• 745 – Jeevan Umang
  Lifetime income + whole life cover.
  Term: whole life.


• 771 – Jeevan Utsav
  Long-term savings with lifelong coverage.

6. Pension Plans

• 758 – Jeevan Shanti
  Steady retirement income through annuity options.


• 857 – Jeevan Akshay VII
  Immediate annuity plan with one-time premium.

7. Single Premium Plans

• 717 – Single Premium Endowment
  One-time payment with life cover + maturity benefits.

8. Term Plans

• 995 – New Jeevan Amar
  Pure term insurance with high cover + low premium.


• 875 – Yuva Term
  Affordable term cover for young individuals.

9. ULIP Plans

• 867 – Pension Plus
  Market-linked retirement plan with fund flexibility.


• Index Plus
  Index-linked ULIP with higher return potential.


• 749 – Nivesh Plus
  ULIP offering dual benefit of investment + insurance.

Conclusion

LIC’s diverse range of plans caters to financial goals such as child education, savings, investment, retirement, and family protection. Each plan has its own features, benefits, and terms—making it essential for customers to evaluate their needs before choosing the right policy.