Life Insurance Plans

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As a pioneer of life insurance in India, the Life Insurance Corporation offers a wide range of comprehensive insurance products to its diverse customer base and maximizes the ability of savings of the insurance holder. LIC of India focuses majorly on safeguarding the interests of the insurance holder and acts as trustees in their individual as well as collective abilities. Let us take a look at the various types of plans ( Latest Plans ) from Life Insurance Corporation of India:

Endowment policies cover the insured for a specified period. Thus, the insured has the option to insure himself till he wishes to be insured. Upon the death of the insured (during the term of the policy), the nominee receives the sum assured plus the bonus, if any. Bonus is paid for the number of years the policy was in force. Upon maturity, the insured receives the sum assured plus the bonus for the term of the policy, if any.

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

Jeevan Umang (Plan No. 845)

by All in One Calc | Nov 6, 2019 | Whole Life Plans

Product Summary: LIC’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of...

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

MODIFIED VERSION OF “LIC’s NEW JEEVAN ANAND” (Plan No. 915) The modifications are as under: i) Definition of “Sum Assured on Death” during Policy Term has been modified from “higher of 125% of Basic Sum Assured or 10 times...

LIC’s New Endowment Plan (Plan No: 914)

by All in One Calc | Feb 4, 2020 | Endowment Plan

MODIFIED VERSION OF LIC’s NEW ENDOWMENT PLAN (Plan No. 914) The modifications are as under: Definition of “Sum Assured on Death” has been modified from “higher of Basic Sum Assured or 10 times of annualised premium” to...

LIC New Endowment Plus Plan (Plan no.835)

by All in One Calc | Dec 4, 2019 | Endowment Plan

This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy The policy holder can choose from 4 Investment Fund types: Eligibility Conditions & RestrictionsBOND FUND:Investment in Government : Not less than 60%Short-term...

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

MODIFIED VERSION OF “LIC’s NEW JEEVAN ANAND” (Plan No. 915) The modifications are as under: i) Definition of “Sum Assured on Death” during Policy Term has been modified from “higher of 125% of Basic Sum Assured or 10 times...

LIC’s New Endowment Plan (Plan No: 914)

by All in One Calc | Feb 4, 2020 | Endowment Plan

MODIFIED VERSION OF LIC’s NEW ENDOWMENT PLAN (Plan No. 914) The modifications are as under: Definition of “Sum Assured on Death” has been modified from “higher of Basic Sum Assured or 10 times of annualised premium” to...

LIC New Endowment Plus Plan (Plan no.835)

by All in One Calc | Dec 4, 2019 | Endowment Plan

This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy The policy holder can choose from 4 Investment Fund types: Eligibility Conditions & RestrictionsBOND FUND:Investment in Government : Not less than 60%Short-term...

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

MODIFIED VERSION OF “LIC’s NEW JEEVAN ANAND” (Plan No. 915) The modifications are as under: i) Definition of “Sum Assured on Death” during Policy Term has been modified from “higher of 125% of Basic Sum Assured or 10 times...

LIC’s New Endowment Plan (Plan No: 914)

by All in One Calc | Feb 4, 2020 | Endowment Plan

MODIFIED VERSION OF LIC’s NEW ENDOWMENT PLAN (Plan No. 914) The modifications are as under: Definition of “Sum Assured on Death” has been modified from “higher of Basic Sum Assured or 10 times of annualised premium” to...

LIC New Endowment Plus Plan (Plan no.835)

by All in One Calc | Dec 4, 2019 | Endowment Plan

This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy The policy holder can choose from 4 Investment Fund types: Eligibility Conditions & RestrictionsBOND FUND:Investment in Government : Not less than 60%Short-term...

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

MODIFIED VERSION OF “LIC’s NEW JEEVAN ANAND” (Plan No. 915) The modifications are as under: i) Definition of “Sum Assured on Death” during Policy Term has been modified from “higher of 125% of Basic Sum Assured or 10 times...

LIC’s New Endowment Plan (Plan No: 914)

by All in One Calc | Feb 4, 2020 | Endowment Plan

MODIFIED VERSION OF LIC’s NEW ENDOWMENT PLAN (Plan No. 914) The modifications are as under: Definition of “Sum Assured on Death” has been modified from “higher of Basic Sum Assured or 10 times of annualised premium” to...

LIC New Endowment Plus Plan (Plan no.835)

by All in One Calc | Dec 4, 2019 | Endowment Plan

This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy The policy holder can choose from 4 Investment Fund types: Eligibility Conditions & RestrictionsBOND FUND:Investment in Government : Not less than 60%Short-term...

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

MODIFIED VERSION OF “LIC’s NEW JEEVAN ANAND” (Plan No. 915) The modifications are as under: i) Definition of “Sum Assured on Death” during Policy Term has been modified from “higher of 125% of Basic Sum Assured or 10 times...

LIC’s New Endowment Plan (Plan No: 914)

by All in One Calc | Feb 4, 2020 | Endowment Plan

MODIFIED VERSION OF LIC’s NEW ENDOWMENT PLAN (Plan No. 914) The modifications are as under: Definition of “Sum Assured on Death” has been modified from “higher of Basic Sum Assured or 10 times of annualised premium” to...

LIC New Endowment Plus Plan (Plan no.835)

by All in One Calc | Dec 4, 2019 | Endowment Plan

This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy The policy holder can choose from 4 Investment Fund types: Eligibility Conditions & RestrictionsBOND FUND:Investment in Government : Not less than 60%Short-term...

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

MODIFIED VERSION OF “LIC’s NEW JEEVAN ANAND” (Plan No. 915) The modifications are as under: i) Definition of “Sum Assured on Death” during Policy Term has been modified from “higher of 125% of Basic Sum Assured or 10 times...

LIC’s New Endowment Plan (Plan No: 914)

by All in One Calc | Feb 4, 2020 | Endowment Plan

MODIFIED VERSION OF LIC’s NEW ENDOWMENT PLAN (Plan No. 914) The modifications are as under: Definition of “Sum Assured on Death” has been modified from “higher of Basic Sum Assured or 10 times of annualised premium” to...

LIC New Endowment Plus Plan (Plan no.835)

by All in One Calc | Dec 4, 2019 | Endowment Plan

This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy The policy holder can choose from 4 Investment Fund types: Eligibility Conditions & RestrictionsBOND FUND:Investment in Government : Not less than 60%Short-term...

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

MODIFIED VERSION OF “LIC’s NEW JEEVAN ANAND” (Plan No. 915) The modifications are as under: i) Definition of “Sum Assured on Death” during Policy Term has been modified from “higher of 125% of Basic Sum Assured or 10 times...

LIC’s New Endowment Plan (Plan No: 914)

by All in One Calc | Feb 4, 2020 | Endowment Plan

MODIFIED VERSION OF LIC’s NEW ENDOWMENT PLAN (Plan No. 914) The modifications are as under: Definition of “Sum Assured on Death” has been modified from “higher of Basic Sum Assured or 10 times of annualised premium” to...

LIC New Endowment Plus Plan (Plan no.835)

by All in One Calc | Dec 4, 2019 | Endowment Plan

This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy The policy holder can choose from 4 Investment Fund types: Eligibility Conditions & RestrictionsBOND FUND:Investment in Government : Not less than 60%Short-term...

Offering the dual benefit of insurance and investment, whole life insurance plans offer insurance cover for the whole life of the person or up to 100 years whichever is earlier. Also the life insurance company calculates bonus on the sum assured, which is paid to the nominee after the death of the policyholder.

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

MODIFIED VERSION OF “LIC’s NEW JEEVAN ANAND” (Plan No. 915) The modifications are as under: i) Definition of “Sum Assured on Death” during Policy Term has been modified from “higher of 125% of Basic Sum Assured or 10 times...

Jeevan Umang (Plan No. 845)

by All in One Calc | Nov 6, 2019 | Whole Life Plans

Product Summary: LIC’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of...

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

MODIFIED VERSION OF “LIC’s NEW JEEVAN ANAND” (Plan No. 915) The modifications are as under: i) Definition of “Sum Assured on Death” during Policy Term has been modified from “higher of 125% of Basic Sum Assured or 10 times...

Jeevan Umang (Plan No. 845)

by All in One Calc | Nov 6, 2019 | Whole Life Plans

Product Summary: LIC’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of...

It offers periodical payment of partial survival benefits during the tenure of the policy as long as the policyholder is alive. In the event of death of the insured, the insurance company pays the full sum assured along with survival benefits.

Jeevan Tarun (Plan No. 834)

by All in One Calc | Nov 6, 2019 | Child Plans, Money Back Plan

LIC’s JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan is specially designed to meet the educational and other needs of growing children...

Childrens Money Back Plan (Plan No. 832)

by All in One Calc | Nov 6, 2019 | Child Plans, Money Back Plan

LIC’s New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on...

Single Premium Endowment Plan (Plan No. 917)

by All in One Calc | Nov 4, 2019 | Child Plans, Endowment Plan, Single Premium Plan

LIC’s Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision...

Jeevan Tarun (Plan No. 834)

by All in One Calc | Nov 6, 2019 | Child Plans, Money Back Plan

LIC’s JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan is specially designed to meet the educational and other needs of growing children...

Childrens Money Back Plan (Plan No. 832)

by All in One Calc | Nov 6, 2019 | Child Plans, Money Back Plan

LIC’s New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on...

Single Premium Endowment Plan (Plan No. 917)

by All in One Calc | Nov 4, 2019 | Child Plans, Endowment Plan, Single Premium Plan

LIC’s Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision...

Jeevan Tarun (Plan No. 834)

by All in One Calc | Nov 6, 2019 | Child Plans, Money Back Plan

LIC’s JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan is specially designed to meet the educational and other needs of growing children...

Childrens Money Back Plan (Plan No. 832)

by All in One Calc | Nov 6, 2019 | Child Plans, Money Back Plan

LIC’s New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on...

New Money Back 25Years Plan (Plan No. 821)

by All in One Calc | Nov 6, 2019 | Money Back Plan

LIC’s New Money Back Plan-25 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.• Minimum...

Bima Bachat Plan (Plan No. 816)

by All in One Calc | Nov 6, 2019 | Money Back Plan, Single Premium Plan

LIC’s New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of...

New Money Back 20Years Plan (Plan No. 820)

by All in One Calc | Nov 4, 2019 | Money Back Plan

LIC’s New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.• Minimum...

Bima Bachat Plan (Plan No. 816)

by All in One Calc | Nov 6, 2019 | Money Back Plan, Single Premium Plan

LIC’s New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of...

Single Premium Endowment Plan (Plan No. 917)

by All in One Calc | Nov 4, 2019 | Child Plans, Endowment Plan, Single Premium Plan

LIC’s Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision...

Jeevan Tarun (Plan No. 834)

by All in One Calc | Nov 6, 2019 | Child Plans, Money Back Plan

LIC’s JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan is specially designed to meet the educational and other needs of growing children...

Childrens Money Back Plan (Plan No. 832)

by All in One Calc | Nov 6, 2019 | Child Plans, Money Back Plan

LIC’s New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on...

New Money Back 25Years Plan (Plan No. 821)

by All in One Calc | Nov 6, 2019 | Money Back Plan

LIC’s New Money Back Plan-25 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.• Minimum...

Bima Bachat Plan (Plan No. 816)

by All in One Calc | Nov 6, 2019 | Money Back Plan, Single Premium Plan

LIC’s New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of...

A policy paid through a single premium payment at the beginning of the term, rather than premiums paid over a longer period of time.

Bima Bachat Plan (Plan No. 816)

by All in One Calc | Nov 6, 2019 | Money Back Plan, Single Premium Plan

LIC’s New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of...

Single Premium Endowment Plan (Plan No. 917)

by All in One Calc | Nov 4, 2019 | Child Plans, Endowment Plan, Single Premium Plan

LIC’s Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision...

LIC’s New Jeevan Anand Plan (Plan No: 915)

by All in One Calc | Feb 4, 2020 | Endowment Plan, Whole Life Plans

LIC’s New Endowment Plan (Plan No: 914)

by All in One Calc | Feb 4, 2020 | Endowment Plan

MODIFIED VERSION OF LIC’s NEW ENDOWMENT PLAN (Plan No. 914) The modifications are as under: Definition of “Sum Assured on Death” has been modified from “higher of Basic Sum Assured or 10 times of annualised premium” to...

LIC New Endowment Plus Plan (Plan no.835)

by All in One Calc | Dec 4, 2019 | Endowment Plan

This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy The policy holder can choose from 4 Investment Fund types: Eligibility Conditions & RestrictionsBOND FUND:Investment in Government : Not less than 60%Short-term...

It is the simplest and cheapest form of insurance that is designed to offer financial protection for a specified tenure. Term Insurance ensures that your family gets a large lump sum amount. However, if you survive the term, the insurer pays nothing.

Tech-Term plan

by All in One Calc | Nov 6, 2019 | Term Plan

Product Summary LIC’s Tech-Term plan is a Non-Linked, Non-Participating, Pure Risk Premium plan which shall be sold online only and hence no intermediaries will be involved. Under this plan there is flexibility to choose from two death benefit options i.e. Level...

JEEVAN AMAR (Plan No. 855)

by All in One Calc | Nov 6, 2019 | Term Plan

Product Summary LIC’s JEEVAN AMAR plan is a Non-Linked, Without Profit, pure protection plan.Under this plan there is flexibility to choose from two death benefit options viz. Level Sum Assured and Increasing Sum Assured. Features Under this plan, there are two...

Tech-Term plan

by All in One Calc | Nov 6, 2019 | Term Plan

Product Summary LIC’s Tech-Term plan is a Non-Linked, Non-Participating, Pure Risk Premium plan which shall be sold online only and hence no intermediaries will be involved. Under this plan there is flexibility to choose from two death benefit options i.e. Level...

JEEVAN AMAR (Plan No. 855)

by All in One Calc | Nov 6, 2019 | Term Plan

Product Summary LIC’s JEEVAN AMAR plan is a Non-Linked, Without Profit, pure protection plan.Under this plan there is flexibility to choose from two death benefit options viz. Level Sum Assured and Increasing Sum Assured. Features Under this plan, there are two...

These are offered by life insurance companies to help an individual build a retirement funds. This money helps a person to lead a financially secured life even after retirement. In case of an unfortunate death of the policyholder, the nominee can either take a lump sum or receive a regular pension for the rest of the policy tenure.

Jeevan Shanti (Plan No. 850)

by All in One Calc | Nov 25, 2019 | Annuity Plan

LIC Jeevan Shanti plan is a single premium plan with dual option of returns that can be immediate or deferred annuity. It’s a kind of pension plan where the benefit can be availed in many ways. It is completely non-linked, non-participating plan. People can be...

Pradhan Mantri Vaya Vandana Yojana (Plan No. 842)

by All in One Calc | Nov 25, 2019 | Annuity Plan

Pradhan Mantri Vaya Vandana Yojana is Pension plan for Senior citizens announced by Government of India. This policy is government’s subsidized pension scheme which will avail guaranteed 8% return in monthly mode and 8.3% return in yearly mode. Modifications with...

Jeevan Shanti (Plan No. 850)

by All in One Calc | Nov 25, 2019 | Annuity Plan

LIC Jeevan Shanti plan is a single premium plan with dual option of returns that can be immediate or deferred annuity. It’s a kind of pension plan where the benefit can be availed in many ways. It is completely non-linked, non-participating plan. People can be...

Pradhan Mantri Vaya Vandana Yojana (Plan No. 842)

by All in One Calc | Nov 25, 2019 | Annuity Plan

Pradhan Mantri Vaya Vandana Yojana is Pension plan for Senior citizens announced by Government of India. This policy is government’s subsidized pension scheme which will avail guaranteed 8% return in monthly mode and 8.3% return in yearly mode. Modifications with...

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