We are giving the List Of Top Here we are discussing the plan, reviews, features, and policy terms.
LIC Insurance Plans :
Insurance is the future key feature of every living person in the world. Life insurance of India is the
biggest insurance providing company in India. Life Insurance Corporation of India or LIC of India is a government-owned life insurance provider in India. The company was established in the year 1956 after the merger of 245 provident societies and insurance companies. The company has its headquarters in Mumbai, India. With its presence in urban and rural India, the company offers a wide range of insurance and investment products.
Reason Of Highest Value Maker in Market –
- Security
- Simple Policy Purchase Process
- Vast Range of Insurance
- Investment Products
- Easy Claim Settlement Process with High Claim Settlement Ratio
- Customer Support
Types Of Lic Plans :
- Endowment Plan
| No. | Product Name | Entry Age | Policy Term | Basic Sum Assured | UIN No. |
| 1 | LIC’s Bima Jyoti | 90 days completed to 60 years | 15 years to 20 years | RS. 100000- to No Limit | 512N339V02 |
| 2 | LIC’s New Endowment Plan | 8 years to 55 years | 12 years to 35 years | RS. 100000- to No Limit | 512N277V02 |
| 3 | LIC’s New Jeevan Anand | 18 years to 50 years | 15 years to 35 years | RS. 100000- to No Limit | 512N279V02 |
| 4 | LIC’s Single Premium Endowment Plan | 90 days completed to 65 years | 10 years to 25 years | RS. 50000- to No Limit | 512N283V02 |
| 5 | LIC’s Jeevan Lakshya | 18 years to 50 years | 15 years to 35 years | RS. 100000- to No Limit | 512N297V02 |
| 6 | LIC’s Jeevan Labh | – | – | – | 512N304V02 |
| 7 | LIC’s Aadhaar Stambh | 8 years to 55 years | 10 years to 20 years | Rs. 75,000-to Rs.300000 | 512N310V02 |
| 8 | LIC’s Aadhaar Shila | 8 years to 55 years | 10 years to 20 years | Rs. 75,000-to Rs.300000 | 512N309V02 |
- Whole Life Plans
| No. | Product Name | Entry Age | Policy Term | Basic Sum Assured | UIN No. |
| 1 | LICs Jeevan Umang | 90 days completed to 55 years | 100 – age at entry) years | Rs.2,00,000- No limit | 512N312V02 |
- Term Assurance Plans
| No. | Product Name | Entry Age | Policy Term | Basic Sum Assured | UIN No. |
| 1 | LIC’s TECH TERM | 18 years to 65 years | 10 to 40 years | 50,00,000/- to Rs. 75,00,000/-. | 512N333V01 |
| 2 | LIC’s Jeevan Amar | 18 years to 65 years | 10 to 40 years | 25,00,000/- to Rs. 40,00,000/- | 512N332V01 |
| 3 | LIC’s Saral Jeevan Bima | 18 years to 65 years | 5-40 years | Rs.5,00,000- to Rs. 25,00,000 | 512N341V01 |
- Money-Back Plans
| No. | Product Name | Entry Age | Policy Term | Basic Sum Assured | UIN No. |
| 1 | LIC’s Dhan Rekha | : : : 8 years (Completed) for Policy Term 20 years 3 years (Completed) for Policy Term 30 years 90 days (Completed) for Policy Term 40 years – — | 20 years, 30 years and 40 years (20 years in case of policies procured through POSP-LI/CPSC- SPV l) | RS. 2,00000- to No Limit | 512N343V01 |
| 2 | LIC’s New Bima Bachat | [15] years (completed) b) Maximum entry age : [50] years (nearer birthday) | for term 9, 12 and 15 years | 35,000 for term 9 years 50,000 for term 12 years` 70,000 for term 15 years | 512N284V02 |
| 3 | LIC’s NEW MONEY BACK PLAN – 20 YEARS | 13years to 50 years | 70 years (nearer birthday | RS. 100000- to No Limit | 512N280V02 |
| 4 | LIC’s NEW MONEY BACK PLAN – 25 YEARS | —– | —— | ——- | 512N278V02 |
| 5 | LICs Jeevan Umang | ——- | ——- | —— | 512N312V02 |
| 6 | LIC’s NEW CHILDREN’S MONEY BACK PLAN | ——- | ——– | ——- | 512N296V02 |
| 7 | LIC’s Jeevan Tarun | ——- | 512N299V02 | ||
| 8 | LIC’s Jeevan Shiromani | ——- | ——– | —— | 512N315V02 |
| 9 | LIC’s Bima Shree | ——- | ——– | —– | 512N316V02 |
- RIDER
| No. | Product Name | Entry Age | Policy Term | Basic Sum Assured | UIN No. |
| 1 | LIC’s Linked Accidental Death Benefit Rider | 18 – 65 years | Min – 5 years | _ | 512A211V02 |
| 2 | LIC’s Accidental Death and Disability Benefit Rider | 18 – 70 years | 70 years (nearest birthday) | Min – Rs. 10,000 Max – Rs. 2 Crores | 512B209V02 |
| 3 | LIC’s Accident Benefit Rider | 18 – 65 years | 70 years (nearest birthday) | Min – Rs. 2 Lakhs Max – Rs. 2 Crores | 512B203V03 |
| 4 | LIC’s Premium Waiver Benefit Rider | 18 – 55 years | Outstanding Premium Paying Term of the base plan as on the date of opting this rider or (25 minus age of the minor as on the date of opting this rider), whichever is lower, subject to the minimum outstanding rider term of 5 years | Sum total of the future premiums payable under the Base Policy till the expiry of Rider Term. | 512B204V03 |
| 5 | LIC’s New Critical Illness Benefit Rider | 18 – 60 years | Regular Premium Policies: 5 to 35 years | Min – Rs. 1 Lakh Max – Rs. 25 Lakhs | 512A212V02 |
| 6 | LIC’s NEW TERM ASSURANCE RIDER | 18 – 60 years | 5 – 35 years | Min – Rs. 1 Lakh Max – Rs. 25 Lakhs | 512B210V01 |
| 7 | LIC’s Premium Waiver Benefit Rider (With Auto Cover) | 18 – 55 years | —-LIC Insurance Plans– | Min – Rs. 25,000 Max – Rs. 1 Crore | 512B205V01 |
LIC Plans with Highest Return. LIC offers a wide range of life insurance policies designed to provide higher returns. The following plans by LIC provide you with the maximum benefits – Jeevan Amar, New Children’s Money Back Plan, New Endowment Plan, New Money Back Plan- 20 years, and New Jeevan Anand Plan.
LIC’s Bima Jyoti (Plan no. 860, UIN No. 512N339V02) :
Death Benefit:
- Before the date of commencement of risk. Return of premiums paid excluding taxes, extra premium and rider premium(s), if any.
- After the date of commencement of risk “Sum Assured on Death” and Accrued Guaranteed Additions. Where “Sum Assured on Death” is the 125% of Basic Sum Assured or 7 times of annualized premium
- Death Benefit as mentioned in A(ii) above shall not be less than 105% of the total Premiums paid.
Maturity Benefit:
On Life Assured surviving the stipulated Date of Maturity provided the policy is in-force, “Sum Assured on Maturity” along with Guaranteed Additions, shall be payable. Where “Sum Assured on Maturity” is equal to Basic Sum Assured.
LICs Jeevan Umang :
Death Benefit:
- On death before the commencement of Risk: Return of premium/s paid without interest shall be payable.
- . On Death the commencement of Risk: Death Benefit, defined as the sum of “Sum Assured on Death” and vested Simple
- Where i “Sum Assured on Death” s defined as the higher of 7 times of annualized premium Basic sum assured.
- These death benefits shall not be less than 105% of the total premiums paid up to the date of death.
SurvivalBenefit:
On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8% of Basic Sum Assured shall be payable each year. The first survival benefit payment is payable at the end of the premium paying term and there on completion on
of each subsequent year till the Life assured survives or ll the policy anniversary prior to the date of maturity,whichever is earlier.
LIC’s TECH TERM :
Death Benefit :
- For Regular premium and Limited premium payment policy, “Sum Assured on Death” is defined as the highest of:
- 7 times of annualised premium; or
- 105% of all the premiums paid as on the date of death; or Absolute amount assured to be paid on death.
- For Single premium policy, “Sum Assured on Death” is defined as the higher of: 125% of Single Premium.
- Absolute amount assured to be paid on death
Maturity Benefit:
On survival of the life assured to the end of the policy term, no maturity benefit is payable.
| Mode of installment payment | Minimum instalment amount |
| Monthly | Rs. 5000/- |
| Quarterly | Rs. 15000/ |
| Half-Yearly | Rs. 25000/- |
| Yearly | Rs. 50000/- |