Achieve your money goals with certainty and the least risk.

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 insurer 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 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.

Note: Above data as of December 2021.

Why LIC plans?

  1. 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.
  2. Wider Network and Branches: LIC of India has an extensive network of branches and agents across India, making it easily accessible and convenient for policyholders.
  3. Guaranteed Returns: LIC’s policies offer guaranteed returns, which means policyholders can be assured of a certain amount as returns.
  4. Better Claim Settlement Ratio: LIC of India has a higher claim settlement ratio, ensuring that policyholders’ claims are settled efficiently and hassle-free.
  5. 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.

LIC of India offers a wide range of products and plans for creating guaranteed income after retirement and achieving all money goals with certainty. Please note that the benefits may vary based on individual circumstances and policy terms. It’s always advisable to consult with a financial advisor or insurance expert to determine the best option for your specific needs.

Jeevan Lakshya

Assured Future Endowment Plan.

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 the unfortunate death of the Policyholder any time before maturity.

Jeevan Umang

Whole Life Guaranteed Pay Plan.

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. Know more.

Jeevan Shanti

Pension Plan.

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

Jeevan Amar

Term Plan.

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

Access online services, Click here. Download LIC forms Click here.

LIC Call Center +91-22-68276827, Say Hi to LIC on WhatsApp +91-8976862090

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