LIC Term Insurance Plans – Complete Guide (2025) Life Insurance Corporation of India (LIC) is India’s largest life insurer, and over the years, its term assurance (term life) plans have become very popular for pure protection. In this guide, you’ll get a full breakdown of LIC’s term insurance offerings, their features, how to pick the […]
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On November 29, 2023, LIC introduced a new insurance plan called Jeevan Utsav LIC Plan, designed for all segments of society. This plan has become highly popular since its launch because most LIC plans typically have a 20-year term, securing the customer’s entire life. However, acknowledging that not everyone prefers such long durations, LIC has
Policy Type Policy Name Term Insurance LIC e-Term Plan, LIC Jeevan Amar Endowment Plans LIC New Endowment Plan, LIC Jeevan Anand Whole Life Insurance LIC Jeevan Umang, LIC Jeevan Tarun Pension Insurance Plans LIC Jeevan Shanti, LIC Pradhan Mantri Vaya Vandana Yojana Children Insurance Plans LIC New Children’s Money Back Plan, LIC Jeevan Ankur Introduction:
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PMVVY stands for Pradhan Mantri Vaya Vandana Yojana, which is a government-backed pension scheme launched by the Government of India in 2017. The scheme is specially designed for senior citizens aged 60 years and above, and it provides them with a regular and stable income during their retirement years. PMVVY is implemented through the Life
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Nivesh Plus is a non-participating, unit-linked, individual life insurance savings plan offered by Life Insurance Corporation of India (LIC). The plan aims to provide market-linked returns while also providing life cover to the policyholder. LIC Nivesh Plus – Key Plan Details Feature Details Plan Number & UIN Plan No. 849 Launch Date March 2, 2020 (discontinued Oct 14, 2024) —
e-Term is an online term insurance plan offered by Life Insurance Corporation of India (LIC) that provides financial protection to the policyholder’s family in case of their untimely demise. The policy can be purchased online by individuals who are between 18 to 65 years old and have completed their education till 10th standard. The minimum
Jeevan Shanti is a single premium, non-linked, non-participating annuity plan offered by Life Insurance Corporation of India (LIC) that provides a guaranteed income to the policyholder throughout their lifetime. The policy can be purchased by individuals who are 30 years or above, and the minimum purchase price for the policy is Rs. 1,50,000. Here’s an
Jeevan Azad is a non-linked, participating, endowment assurance plan offered by Life Insurance Corporation of India (LIC) that provides financial protection to the policyholder’s family in the event of their untimely demise. The policy offers a lump sum amount as a death benefit along with bonuses and maturity benefits. Here’s an example to understand the
Jeevan Tarun is a non-linked, participating, limited premium payment policy offered by Life Insurance Corporation of India (LIC) for children. The policy provides for a fixed annual income and lump sum payment on maturity. This policy is designed to provide financial support for children’s education, marriage, or other future requirements. Here is an example to
Jeevan Umang is a non-linked, with-profits, whole life assurance plan offered by the Life Insurance Corporation of India (LIC). Under this plan, the policyholder receives a fixed amount as an annual survival benefit after the premium payment term ends, until the policyholder’s death. Additionally, the policy provides for a lump sum amount on the policyholder’s
