Insurance with sovereign guarantee (section 37 of LIC Act, 1956)

Achieve your money goals with certainty and the least risk.

Why LIC?

LIC of India offers a wide range of products and plans for creating guaranteed income after retirement and achieving all money goals with certainty.

Government of India guarantees payment of LIC policies’ sum assured and declared bonuses, a powerful USP that no private insurance co. can offer.

LIC policies provides a sense of security and helps in financial planning as the policyholder know what to expect at the end of the policy term.

  • LIC is the largest life insurer in India and the fourth-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.

Note: Above data as of December 2021.

LIC of India Insurance Plans

LIC’s Jeevan Lakshya

This plan provides for Annual Income benefit to fulfill the needs of the family, primarily for the benefit of children, in the case of the unfortunate death of the Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the insured.

LIC’s Jeevan Umang

A whole life plan which offers a combination of income and protection to your family. Provides for annual survival benefits from the end of the premium paying term till maturity (up to age 100) and a lump sum payment at the time of maturity or at death of policy holder, whichever is earlier.

LIC’s Jeevan Amar

It is a 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, single, regular, and limited premium payment. Special rates for women.

LIC’s Jeevan Shanti

This is a single premium plan wherein the Policyholder has the option to choose between Single life and Joint life Deferred annuity.  The annuity rates are guaranteed at the inception of the policy and annuities are payable post-deferment period throughout the lifetime of the Annuitant(s).

Identifying risks and creaTing a protection plan.

Insurance protects the value of everything you have earned and own.

FREE Servicing

Avail FREE Servicing of your exiting LIC polices.

  • Policy Loan
  • Policy Maturity Claim
  • Change of Nominee
  • Register e-NACH
  • Prem. Mode Change
  • Policy Branch Transfer
  • Cash-flow Statement
  • Change of Address
  • Policy Reassignment
  • Updating NEFT

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Having any random insurance is not enough.

Check your current policies for flaws to stay fully secured.

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