Achieve goals with surety.
Buy insurance with sovereign guarantee. The Govt of India guarantees LIC policy payments and bonuses (sec. 37 of LIC Act, 1956), 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.
Whole Life, Guaranteed Return
A whole life plan which offers a mixture of guaranteed income of 8% of SA and protection. 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.
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.
Whole Life, Guaranteed Return
Whole Life Insurance 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.
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 the unfortunate death of the Policyholder before maturity.
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.
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.
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.
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.
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).
Differed Lifetime Pension
This is a single premium plan. The Policyholder has the 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).
Single Premium ULIP
LIC’s Nivesh Plus is a Unit Linked, Single Premium Life Insurance plan. The single premium plan offers insurance cover cum investment through the policy term, with the flexibility to choose the Sum Assured at inception and investing in one of the four types of funds.
LIC of India
A legacy of over 65 years. LIC of India is a government-owned corporation having unparalleled trust and reliability. It offers various life insurance plans, pension schemes, health plans and more using an extensive network of branches and agents across India.
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 easily accessible and 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.
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.
Note: Above data as of December 2021.
Review policies to ensure security.
Not all coverage works. Having any random insurance is not enough. Ensure your current policies are free of flaws to stay fully protected. Regularly review and update your coverage to address gaps and weaknesses, ensuring comprehensive security for your assets and 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
e-NACH Registration for premium payment
Facility for registration of e-NACH mandate for payment of premium can be completed with Net banking or Debit card credentials. Policies on own life or life of minor children are allowed through this option. This option can be used for policies where,
- Total installment premium with GST is not exceeding Rs. 10 lakhs
- All premiums due till date are paid
- Time remaining for the next premium due is 16 days or more
Keep following handy before proceeding with e-Nach registration:
- Policy Number
- Installment Premium w/o GST
- Date of Birth
- Bank a/c no.
- Bank IFSC
- Debit/ATM Card
Visit LIC website. LIC Call Center +91-22-68276827, Say Hi to LIC on WhatsApp +91-8976862090
Insurance safeguards your wealth.
Recognize risks, take guard. Identify potential risks and ensure you have adequate protection. Insurance safeguards the value of everything you’ve earned and own, providing a financial safety net. By securing the right coverage, you can protect your assets and investments, ensuring peace of mind and financial stability for you and your family.
LIC’s Jeevan Shiromani premium plan for HNIs
PMVVY – Pradhan Mantri Vaya Vandan Yojana
+91 89566 42933
Phone
+91 253 3554240
Office Hours
Daily: 09:30 to 17:30