Different types of LIC of India plans along with a list of plans under each category and a brief table mentioning their basic features:
PENSION PLANS
- Pension Plans: Pension plans offered by LIC are designed to provide financial security and regular income during the policyholder’s retirement years. These plans help individuals build a corpus over the years and offer annuity options to receive regular payouts after retirement.
| Plan Name | Table No. | Maximum Term | Minimum Term | Premium | Unique Selling Point (USP) |
| Jeevan Akshay VI | 810 | Lifetime | Immediate | Lump-sum | Immediate annuity option with a range of payout options. |
| New Jeevan Nidhi | 812 | 35 years | 5 years | Regular | Dual benefit of pension and life cover. Guaranteed additions during the accumulation phase. |
| Jeevan Shanti | 850 | Lifetime | Immediate | Lump-sum | Flexibility to choose immediate or deferred annuity. Multiple annuity options for individuals and their spouses. |
| Pradhan Mantri Vaya Vandana Yojana (PMVVY) | 842 | 10 years | 10 years | Lump-sum | Government-backed pension scheme for senior citizens. Guaranteed interest and pension payment for 10 years. |
UNIT LINKED PLANS
- Unit Linked Plans: Unit Linked Plans (ULIPs) offered by LIC combine insurance coverage with investment opportunities. Policyholders can allocate their premiums into various funds and enjoy potential market-linked returns.
| Plan Name | Table No. | Maximum Term | Minimum Term | Premium | Unique Selling Point (USP) |
| Nivesh Plus | 849 | 25 years | 10 years | Flexible | Choice of multiple investment funds and options. Systematic Transfer Plan (STP) available for better investment timing. |
| New Endowment Plus | 835 | 20 years | 5 years | Regular | Additional life cover and the option to enhance coverage through riders. Market-linked investment growth potential. |
MICRO INSURANCE PLANS
- Micro Insurance Plans: Micro Insurance Plans from LIC aim to provide affordable insurance coverage to economically vulnerable sections of society.
| Plan Name | Table No. | Maximum Term | Minimum Term | Premium | Unique Selling Point (USP) |
| Micro Bachat | 861 | 15 years | 5 years | Low | Protection and savings-oriented micro-insurance product. |
| Bhagya Lakshmi | 829 | 25 years | 5 years | Affordable | Insurance coverage for rural and underprivileged women. |
| Jeevan Madhur | 832 | 25 years | 5 years | Nominal | Affordable insurance and savings for low-income groups. |
WITHDRAWN PLANS
- Withdrawn Plans: LIC has withdrawn some of its older plans from the market.
| Plan Name | Table No. | Maximum Term | Minimum Term | Premium | Unique Selling Point (USP) |
| Jeevan Sugam | 813 | 10 years | 10 years | Lump-sum | Single premium plan with high life cover and liquidity option. |
| Jeevan Shagun | 826 | 12 years | 9 years | Single | Single premium with loyalty addition payable on maturity. |
| Jeevan Mangal | 832 | 15 years | 5 years | Low | Micro-insurance plan for financial protection of the family. |
HEALTH PLANS
- Health Plans: LIC offers health insurance plans that cover medical expenses and provide financial support during health-related emergencies.
| Plan Name | Table No. | Maximum Term | Minimum Term | Premium | Unique Selling Point (USP) |
| Jeevan Arogya | 904 | Lifetime | 1 year | Regular | Comprehensive health cover for the whole family on a floater basis. |
Please keep in mind that the features and availability of plans may vary over time, so it’s advisable to check with LIC of India or visit their official website for the most up-to-date information on these plans.
LIC of India Plans
| Type of Plan | Plan Name and Table Number |
|---|---|
| Jeevan Azad | |
| Children Plans | Jeevan Tarun |
| Health Plans | Children’s Money Back Plan |
| Money Back Plans | 20 Year Money Back Plan 25 Year Money Back Plan |
| Endowment Plans | New Endowment 914 New Jeevan Anand 915 Jeevan Lakshya 933 Jeevan Labh 936 Aadhar Stambh 943 Aadhar Shila 944 Bima Jyoti 860 Micro Bachat 951 Dhan Sanchay 865 Jeevan Umang 945 LIC Cancer Care |
| Term Plans | Saral Jeevan Bima 859 Jeevan Amar 855 e-Term Plan |
| Single Premium Plans | Bima Bachat 916 Single Premium Endowment 917 Jeevan Shanti |
| ULIP Plans | Nivesh Plus 849 SIIP 852 Endowment Plus 935 |