Life Insurance Corporation of India , Noida - 201301

Phone: 1800334433

MZ 45 Pearl Plaza, Sector 18, Noida
LIC, LIC of India, Life Insurance of India, Insurance Company, LIC Life Insurance Plan, LIC Helth Insurance Plan, LIC Pension Plan, LIC Endowment plan.

About: LIC Jeevan Pragati, LIC Jeevan Labh, LIC Single Premium Endowment Plan, LIC New Jeevan Anand, LIC Jeevan Rakshak, LIC Limited Premium Endowment Plan, LIC Jeevan Lakshya, LIC Aadhaar Shila, LIC Aadhaar Stambh, Pradhan Mantri Vaya Vandana Yojna Policy Document, LIC Jeevan Akshay-vi Policy Decument, LIC Jeevan Arogya Policy Document, LIC Cancer Cover Policy Document

Best LIC Plans and Policies Details


LIC New Endowment Plan

Non-linked Endowment plan

8-50 years

12-35 years

75 years

1,00,000-No limit

LIC-e Term

Pure Term insurance plan

18-60 years

10-35 years

75 years

25,00,000-No limit

LIC Jeevan Anand

Participating Traditional Endowment Plan

18-50 years

15-30 years

75 years

15-30 years

LIC New Children Money Back Plan

Traditional Money Back Child Plan

Traditional Money Back Child Plan

25 years

25 years

Rs. 1,00,000/--No limit

LIC Jeevan Saral

Endowment Plan

12-60 years

10-35 years

70 years

250 times monthly premium- no limit

LIC Jeevan Shanti

Annuity plan

30-85 years 

Varies according to the variants of plan

Varies according to the variants of plan

Varies according to the variants of plan


1. LIC New Endowment Plan

LIC New Endowment Plan- one of the most popular non-linked plan by LIC that offers a combination of protection and savings to the consumers. This effective insurance policy is attracting many consumer on a daily basis and the reason behind the same is that this plan provides the required financial assistance to the family of the insured any time before the maturity. Under the same, a good lump sum amount at the time of maturity for the surviving policyholder is there. This plan also takes care of liquidity needs of the customer through its loan facility.

You can surrendered this policy any time after 3 years of the policy.You must keep in mind that the surrender value of the same will depend upon the premium that the policyholder paid but this will not include the premium that you pay for optional benefits.

An important point that every policyholder should know that in case where the insured commits suicide within a year of the policy then the insurance company would not be liable to pay any assured benefits. Under the same, the nominees will get around 80 percent of paid premium till the death of the policyholder.

In case of death of the policyholder during the policy term provided all due premiums have been paid the Death benefit, defined as the sum of "sum assured on death" and vested simple reversionary bonuses and final additional bonus, if any, shall be payable. “Sum Assured on Death” can be defined as the higher of Basic Sum Assured or 10 times of the annualized premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death. You will get good maturity benefits.

LIC New Endowment Plan-policy Type Non-Linked Endowment Plan
Entry Age 8-50 years
Mode of Payment Monthly, Quarterly, Half-Yearly, Yearly
Tax Benefits Premium paid is tax exempt under Section 80C. However, the pension that you would receive would be taxable
Sum Assured The minimum basic sum assured for the policy is Rs. 1, 00, 000 while there is no maximum limit for the sum assured.
Optional Benefit Disability Benefit Rider. LIC Accidental Death.

3. LIC Jeevan Anand Plan

LIC Jeevan Anand Plan is also a participating non-linked plan which offers an attractive combination of protection and savings. If you check data then you will realize that this is the highest sold insurance policies from LIC. Because of its multiple benefits that includes Risk coverage even after the maturity of lifetime makes it most required one. LIC JeevanAnand is a complete endowment cum whole life policy that comes along with Bonus facility. Under the same, you will get Double Death Benefit in case of survival. This plan has average premium, high bonus rate, and great liquidity feature

1. The customer can enjoy the lump sum payment at the time of maturity.

2. This policy provides a good sum of financial protection against the death of the policyholder

3. The best thing about this policy is that even when the maturity is paid and the policyholder is surviving then the insurance coverage continues with the payment of premium amounts. This plan is ideal for women who are never off their responsibilities in life as it also continues its responsibility,even after the maturity period of the plan.

LIC Jeevan Anand Plan Participating Traditional Endowment Plan
Entry Age 18-50 years
Sum Assured Rs.1,00,000/-no limits
Loan Facility Available
Optional Benefits LIC accidental death benefit or disability benefit.
- LIC's New Term Assurance Rider
Tax Benefits Available under Section 80C

4. LIC New Children Money Back Plan

LIC New Children Money Back Plan is a participating non-linked money back plan. It is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. Moreover, under the same, you will get the risk cover on the life of a child during the policy term and for a number of survival benefits on surviving to the end of the specified duration. You can pay premium regularly at yearly, half-yearly, quarterly or monthly mode through ECS only or through SSS mode. If you paid premium amount for initial three years, then the policy can be surrendered at any time during the policy term.

LIC New Children Money Back Plan Traditional Money Back Child Plan
Entry Age 0-12 years
Premium Mode Yearly, half-yearly, quarterly or monthly mode through ECS only or through SSS mode
Policy Term 25 years
Medical Examination Not required
Minimum Purchase Price Rs.24,000/-

5. LIC Jeevan Saral

This helpful insurance policy comes under the Special Plans section of LIC. It is an endowment policy that provides a lotof flexibilitieswhich people usually get under Unit linked insurance plans (ULIPs). With outstanding features of the traditional plans and the flexibility of ULIP plans, JeevanSaral insurance plan gives double death benefit of sum assured plus return of premium.

Premiums: Premiums are payable yearly, half-yearly, quarterly, or monthly through salary deductions as opted by you throughout the term of the policy or till earlier death.

Loyalty Additions: This is a with-profits plan and participates in the profits of the Corporation life insurance business. It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death benefit or maturity benefit. Loyalty Additions may be payable from the 10th year onwards depending upon the experience of the Corporation.

LIC Jeevan Saral Endowment policy
Entry Age 12-60 years
Minimum Premium/Purchase Price Rs.250/- (for age below 50years) - Rs.400/- (for age above 50years)
Medical Examination N/A
Maximum Maturity Age 75 years
Tax Benefits Available under Section 80C


It is basically an Annuity plan that comes out with options of purchasing both Immediate and Deferred annuity. You can take the benefits of the same by paying a lump sum amount. The plan offers annuity payments of a fixed amount throughout the life time of the the insured.

Single Premium Pay - Once - Enjoy - Forever
Purchase Limits Minimum purchase price : Rs.1,50,000/- No maximum limits for purchase price, annuity etc.
Incentive for High Purchase Price If your purchase price is Rs. 5,00,000/- or more, you will receive higher amount of annuity due to available incentives.
Age Limits Minimum age at entry: 30 years Maximum age at entry: 85 years and 79 for Deferred annuity Age proof is necessary
Medical No medical examination is required.
Annuity Mode Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
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