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.

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.

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.

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.

LIC's Jeevan Utsav

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.

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.

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.

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. 

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.

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

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).

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).

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.

Why LIC?

  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. High Claim Settlement Ratio: LIC of India has a high 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 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.

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

Online e-NACH mandate

Register e-NACH mandate for auto payment

Access Online Services

Online LIC policy premium paying link and more

Download LIC forms

Download Policy Application forms and more

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

LIC’s Jeevan Shiromani premium plan for HNIs

LIC’s Jeevan Shiromani Premium plan for HNIs. A policy for high net-worth individuals that combines protection, savings, attractive returns, and medical cover. LIC’s Jeevan Shiromani plan offers a combination of protection and savings with inbuilt benefits for 15 critical illnesses …
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PMVVY – Pradhan Mantri Vaya Vandan Yojana

PMVVY – Pradhan Mantri Vaya Vandana Yojana is a government pension Scheme for people aged 60 years and above. Life Insurance Corporation of India is the administrator of PMVVY on behalf of the Government of India. This Scheme is available …
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WhatsApp

+91 89566 42933

Phone

+91 253 3554240

Office Hours

Daily: 09:30 to 17:30

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