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LIC Life Insurance

Life Insurance Corporation (LIC) is one of the most trusted and well-established insurance providers, offering financial security and peace of mind to policyholders. Buying a life insurance plan from LIC ensures long-term financial protection for you and your family.

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Worldwide

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AED 1 Million Cover
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LIC life insurance policies come with various benefits, including:

  • Life coverage
  • Savings
  • Investment opportunities, and 
  • Tax benefits

LIC offers a wide range of plans tailored to different needs, such as term insurance, endowment plans, and pension schemes. These policies help secure your family’s future by covering expenses like loans, education, and daily living costs in case of an unfortunate event. 

Additionally, LIC's strong financial backing and government support make it a dependable choice for policyholders. With affordable premiums and flexible policy options, LIC life insurance serves as an essential financial tool for building a secure and prosperous future

Table of Content

LIC Life Insurance

Established in 1956, LIC is a state-run insurance company based out in India. It is one of the major life insurance companies in the country that offers some of the top life insurance solutions in the country.

Discover the LIC life insurance plans for their high coverage at affordable premium rates. This page explores the top whole life insurance and term insurance plans LIC offers.

Why Should You Buy an LIC Life Insurance Policy?

The following are the benefits of LIC life insurance plans —

  • 69.91% policies market share in India
  • Online LIC life insurance calculator to calculate the premium
  • About 2.04 Crore policies issued
  • 93.48% claim settlement
  • No. of claims settled — 2.21 crore
  • INR 2,30,272 crore claims amount paid
  • Affordable premium plans

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LIC Life Insurance Plans 

The following are the major LIC life insurance plans —

Plan Description
LIC Jeevan Umang
  • This is a non-linked whole life insurance plan that offers life-assured financial protection and profit
  • It has survival benefits that are available at the end of policy tenure 
  • There is a death benefit available in case the insured passes away in the course of the policy tenure, and it is paid to the beneficiary
LIC Jeevan Utsav
  • This is a non-linked, individual, non-participating whole life insurance and savings plan
  • It offers financial support to the family if the life assured passes away in the course of the policy period
  • In case they survive the policy period, a maturity benefit is paid in the form of a regular income benefit or flexi-income benefit (whichever the policyholder chooses)
LIC Digi Term
  • This is another LIC life insurance plan that is non-participating, individual, and a pure-risk plan that offers financial safety net to the life assured’s family in case they pass away in the time of the policy tenure
  • The plan ensures fixed death benefits if something unfortunate occurs
  • There is flexibility to choose from two options to receive death benefit — Increasing Sum Assured and Level Sum Assured
LIC Digi Credit Life
  • This LIC life insurance is a non-linked, non-participating, and a pure risk plan 
  • This is a basic plan that helps the life assured’s family manage their loans if the former passes away in the course of the policy period
  • It ensures that the family members do not have any financial strain of unpaid loans in case of an uneventful situation
LIC Yuva Credit Life
  • This plan is especially designed for youth
  • In a situation where the life assured dies during the policy period, the death benefit covers the loan
  • It is a pure-risk plan that will only cover the loan if the life assured passes away during the plan tenure
LIC Yuva Term
  • This is a recently launched LIC life insurance plan that offers death benefit if the life assured dies during the policy tenure
  • It protects their loved ones financially and enables them to lead a decent lifestyle 
LIC New Tech Term
  • This is an online-purchase LIC life insurance plan that you can buy in a few clicks 
  • This is a pure-risk plan and has no maturity benefit
  • The life assured’s family only receives death benefit if the former passes away during the plan period 
LIC New Jeevan Amar
  • This is another term plan that offers special rates to women. As a policyholder, you can buy the plan only offline
  • The death benefit is provided only if the life assured passes away at the time of the policy period to the beneficiary
  • You can choose between level sum assured and increasing sum assured death benefits
LIC Saral Jeevan Bima
  • This is a pure-risk plan that offers financial safety net to the family if the life assured passes away during the plan period. You can buy the plan either online or offline
  • You can pay the premium using the regular, limited pay, or single payment options
 
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