LIC Endowment Plans are designed for individuals who want financial protection along with disciplined long-term savings. These plans provide life cover throughout the policy term while also ensuring a guaranteed maturity amount. With added bonuses and flexible features, LIC’s endowment plans help policyholders build secure wealth for future milestones such as education, marriage, retirement or asset creation.
Endowment plans combine insurance protection with systematic savings. If the policyholder survives the policy term, they receive the maturity benefit along with applicable bonuses. However, in case of an unfortunate event during the term, the nominee receives the death benefit, ensuring financial security for the family.
LIC endowment plans offer multiple attractive features:
• Combination of savings and life protection
• Guaranteed maturity sum assured
• Eligibility for vested bonuses
• Flexible premium payment options
• Loan facility available after acquiring surrender value
• Add-on riders for enhanced protection
Some of LIC’s well-known endowment plans include:
• LIC New Endowment Plan — Offers savings, life cover and bonus earnings.
• LIC Jeevan Labh — A limited premium plan with attractive returns.
• LIC Bima Jyoti — Guaranteed benefits with fixed additions.
• LIC Single Premium Endowment Plan — One-time premium with long-term protection.
• LIC Aadhaar Shila / Aadhaar Stambh — Specially designed for Aadhaar-verified individuals.
• Wealth Creation: Maturity benefits plus bonuses help your money grow steadily.
• Financial Security: Life cover ensures family protection throughout the term.
• Low-Risk Savings: Ideal for risk-averse individuals looking for assured returns.
• Tax Benefits: Premiums eligible for deductions under Section 80C; maturity may be tax-free under Section 10(10D).
• Flexibility: Multiple terms, premium modes and rider options available.
Endowment plans follow a simple mechanism:
• You pay regular or single premiums.
• LIC provides life cover throughout the policy term.
• If the policyholder survives the term, they receive the maturity sum assured + bonuses.
• In case of death during the term, the nominee receives the death benefit.
This structure balances savings discipline with essential protection.
• Individuals seeking safe and guaranteed returns
• People wanting both savings and insurance in one policy
• Parents planning for children's future expenses
• Salaried individuals needing forced savings discipline
• Long-term planners seeking stable long-term protection
LIC Endowment Plans are reliable, low-risk and benefit-driven financial tools that help individuals secure their future while creating steady wealth. With guaranteed maturity payouts, bonus earnings and comprehensive life cover, they remain a trusted choice for long-term financial planning. Choosing the right endowment plan ensures peace of mind, financial discipline and strong protection for your loved ones.