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LIC Plans
Achieve with surety.
Buy insurance with sovereign guarantee (sec. 37 of LIC Act, 1956). The Govt of India guarantees LIC policy payments and bonuses, a unique benefit unmatched by private insurers.
LIC plans
LIC of India offers diverse products for guaranteed income and achieving all money needs with certainty. LIC policies ensure security and aid financial planning, providing clear expectations for policyholders at the end of the term. Please note that the benefits of plans may vary based on individual circumstances and policy terms. It’s always advisable to consult with an insurance advisor to determine the best option for your specific needs.
Term Plan: LIC’s Yuva Term is a Non-Linked, Life, Individual, Pure Risk Plan, which provides financial protection to the insured’s family in case of his/her unfortunate death during the policy term. Flexibility to choose from Level and Increasing Sum Assured. Special rates for women. Brochure
Whole Life, Guaranteed Return: A plan which offers protection and guaranteed income of 8% of SA. Provides for annual survival benefits from the end of the premium paying term up to age 100 and a lump sum payment at the time of maturity or at death of policy holder, whichever is earlier. Brochure
Limited Pay Endowment: This plan provides a lump sum amount at the time of maturity irrespective of survival of the insured and annual income benefit to fulfill the needs of the family, primarily for the benefit of children, in the case of death of the Policyholder before maturity. Brochure
Whole Life, Guaranteed Return: A plan which provides financial support to family in case of unfortunate death of Life Assured and Regular Income survival benefits or Flexi Income Benefit at survival as per the option chosen. Benefits payable on death or survival are guaranteed and fixed. Brochure
Limited Pay Endowment: The LIC Jeevan Labh Plan is a limited-premium, endowment plan. It combines both insurance and investment components and offers a lump sum payment at the end of the policy term, including Sum Assured, simple revisionary bonus and Final Addition Bonus. Brochure
Limited Pay, Guaranteed Return: The LIC Amrit Baal Plan is a child insurance plan by Life Insurance Corporation of India (LIC) designed to provide financial security and benefits for a child’s future. It offers short premium paying term and guaranteed returns at maturity. Brochure
Term Plan: It is a pure risk plan. Provides financial protection to the family in case of death of policy holder during the policy term. Choose from level and increasing sum assured and varied premium payment options. Special rates for women. Brochure
Critical Illness Cover: LIC’s Cancer Cover is a regular premium payment health insurance plan. It provides financial protection in case of diagnosis with any of the specified Early and/or Major Stage Cancers during the policy term, with lump sum and income benefit. Brochure
Monthly ULIP: The LIC Index Plus Plan is a unit-linked insurance plan (ULIP) that combines insurance with investment, allowing policyholders to invest in equity market through major indices Nifty 50 & Nifty 100 while also providing life cover and prevailing tax benefits. Brochure
Single premium plans
Immediate Lifetime Pension: This is a single premium plan wherein the Policyholder has the option to choose between Single life and Joint life immediate annuity. Guaranteed Annuity rates are fixed at the start of the policy and are payable throughout the lifetime of the Annuitant(s). Brochure
Differed Lifetime Pension: A single premium plan with an option to choose between Single life and Joint life Deferred annuity. Guaranteed Annuity rates are fixed at the start of the policy and are payable post-deferment period throughout the lifetime of the Annuitant(s). Brochure
LIC of India
A legacy of over 65 years. LIC of India is a govt-owned corp. having unparalleled trust and reliability. It offers life insurance plans, pension schemes, health plans and more using an extensive network of branches and agents across India.
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LIC facts
- LIC is the largest life insurer in India and the 4th largest globally.
- LIC is India’s largest asset manager. LIC’s AUM is more than 3.2 times the total AUM of all private life insurers in India and is approximately 15.6 times more than the AUM of the second-largest player in the Indian life insurance industry.
- Further, LIC is also the largest institutional investor in the Indian equity markets with a total equity AUM of $130 billion, giving LIC a 20% share of domestic institutional equity AUM—a shade of more than half of all equity mutual funds in India. With this, LIC has about 4% stake in Indian equities, making it the single largest stakeholder after the government.
Why LIC?
- Trust and Reliability: LIC of India is a government-owned corporation with a legacy of over 65 years, offering unparalleled trust and reliability. Its reputation and stability are unmatched in the Indian insurance market.
- Wider Network and Branches: LIC of India has an extensive network of branches and agents across India, making it convenient for policyholders.
- Guaranteed Returns: LIC’s policies offer guaranteed returns, which means policyholders can be assured of a certain amount as returns.
- High Claim Settlement Ratio: LIC of India has a high claim settlement ratio, ensuring that policyholders’ claims are settled efficiently and hassle-free.
- Government Backing: As a government-owned corporation, LIC of India offers the added security of government backing, providing an extra layer of protection for policyholders’ investments.
Review & Reinforce Your Coverage
Insurance isn’t a one-time decision—it’s a living safeguard. Regularly reviewing and updating your policies helps identify gaps, strengthen protection, and ensure your coverage evolves with your life. It’s the key to securing your assets and preserving peace of mind for you and your family.
LIC policy servicing
Contact us for policy services required for your existing LIC insurance policies if you are not able to get the services from your existing agent(s). We would provide you with all possible help free of charge. Some of the frequently needed services are listed below.
- Policy Loan: Apply for loan from existing policies post 2 years of premium payment
- Premium Mode Change: Change premium mode to yearly, half yearly, quarterly & monthly
- Change of Address: Change your communication address in your existing policies
- Maturity Claim: Complete the process of maturity and death claim
- Branch Transfer: Transfer the LIC servicing branch for your policy
- Policy Reassignment: Reassign your existing policy to another beneficiary
- Change of Nominee: Change the Nominee details in your policy
- Cash-flow Statement: Get current statement of your existing policy
- Updating NEFT: Update your bank NEFT details in your policy
Ready to review your coverage?
Book an appointment with us today to ensure your protection plan is complete, current, and aligned with your life. We make it simple and personal. Here’s how you can connect with us to review your insurance, plan your goals, or explore better coverage options:
1 Choose Mode of Contact
You can reach out to us directly via Call or WhatsApp for a quick and personal conversation. Alternatively, feel free to email us with your query or preferred time slot, and we’ll get back to you with confirmation and next steps.
2 Pick a Suitable Time
We offer flexible appointment slots, including weekday mornings, evenings, and weekends. Just let us know your preferred time and whether you’d like to connect in person, over the phone, or via video call—we’ll make it convenient for you.
3 Receive Confirmation
Once we receive your request, we’ll confirm your appointment and guide you through the next steps. If needed, we’ll also share a checklist to help you prepare for the meeting and ensure a smooth, productive conversation.
📧 connect@kaushikpaul.com | 📞 +91 253 3554240 | WhatsApp +91 89566 42933 ⏰ Office Hours: Mon-Sat 09:00 am to 06:00 pm Sun 10:00 am to 06:00 pm