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LIC Products

Explore all LIC plans category wise with complete details, features, benefits and eligibility criteria.

Child Plans

New Children's Money Back - 732

LIC’s New Children’s Money Back Plan – 732 is a participating non-linked life insurance plan specially designed to secure a child’s future financial needs such as education, career planning, and marriage. The plan provides survival benefits at important stages of the child’s life along with risk cover and maturity benefits..

Features & Benefits

  • Financial support at important education and career stages
  • Survival benefits payable at specific ages of the child
  • Maturity benefit along with vested bonuses
  • Risk cover throughout the policy term
  • Premium Waiver Benefit in case of death of proposer
  • Participation in LIC profits through bonuses
  • Loan facility available under the policy
  • Tax benefits as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age (Child): 0 Years
  • Maximum Entry Age (Child): 12 Years
  • Minimum Sum Assured: ₹1,00,000
  • Policy Term: Based on child’s age
  • Premium Payment Term: Limited Premium Payment
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Maturity Age: 25 Years of child age
  • Medical examination may be required as per underwriting rules

New Children’s Single Premium Plan – 717

LIC’s New Children’s Single Premium Plan – 717 is a non-linked participating life insurance plan designed to provide financial security for a child’s future through a one-time premium payment. The plan offers life protection along with savings benefits, helping parents create a secure financial foundation for education, marriage, and other future needs of the child.

Features & Benefits

  • Single premium payment with long-term financial protection
  • Provides maturity benefit along with loyalty additions
  • Life risk cover for the child during the policy term
  • Simple and hassle-free one-time investment plan
  • Financial support for child’s future education and marriage needs
  • Loan facility available under the policy
  • Tax benefits available as per prevailing tax laws
  • Participating plan eligible for LIC declared benefits

Eligibility Criteria

  • Minimum Entry Age (Child): 90 Days
  • Maximum Entry Age (Child): 12 Years
  • Minimum Sum Assured: ₹1,00,000
  • Premium Payment Term: Single Premium
  • Policy Term: Fixed term based on child’s age
  • Maturity Age: 25 Years of child age
  • Medical examination may be required as per underwriting rules
  • Policy available for healthy children only

Amritbaal Plan – 774

LIC’s Amritbaal Plan – 774 is a non-linked, non-participating individual savings life insurance plan specially designed to secure a child’s future financial needs. The plan helps parents build a guaranteed corpus for education, career planning, and other important milestones while also providing life insurance protection during the policy term.

Features & Benefits

  • Guaranteed additions throughout the policy term
  • Designed to support child’s future education and financial goals
  • Flexible premium payment options available
  • Maturity benefit payable at the end of policy term
  • Life insurance protection during the policy period
  • Option to choose lump sum maturity benefit
  • Loan facility available after specified policy duration
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age (Child): 90 Days
  • Minimum Entry Age (Child): 30 Days
  • Maximum Entry Age (Child): 13 Years
  • Minimum Basic Sum Assured: ₹2,00,000
  • Premium Payment Options: Single, Limited, and Regular Premium
  • Policy Term: 5 to 25 Years
  • Maturity Age: Minimum 18 Years of child age
  • Medical examination may be required as per underwriting rules
  • Available for healthy lives only

Jeevan Tarun Plan – 734

LIC’s Jeevan Tarun Plan – 734 is a participating non-linked limited premium payment plan specially designed to meet the educational and financial needs of growing children. The plan provides annual survival benefits during higher education years along with maturity benefits and life insurance protection.

Features & Benefits

  • Specially designed for child education and future planning
  • Annual survival benefits payable between ages 20 to 24 years
  • Maturity benefit payable at age 25 years
  • Participation in LIC profits through bonuses
  • Limited premium payment term
  • Life risk cover for the child throughout the policy term
  • Flexible benefit options available
  • Loan facility available under the policy
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age (Child): 90 Days
  • Maximum Entry Age (Child): 12 Years
  • Minimum Basic Sum Assured: ₹75,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term: Till child attains 25 years age
  • Premium Payment Term: Till child attains 20 years age
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules

New Endowment - 714

LIC’s New Endowment Plan – 714 is a participating non-linked life insurance plan that offers the dual benefit of protection and savings. The plan provides financial security to the family along with maturity benefits, making it suitable for long-term financial planning and wealth creation goals.

Features & Benefits

  • Combination of life protection and long-term savings
  • Minimum Entry Age: 8 Years
  • Maximum Entry Age: 55 Years
  • Minimum Basic Sum Assured: ₹1,00,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term: 12 to 35 Years
  • Premium Payment Term: Equal to policy term
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules

Eligibility Criteria

  • Minimum Entry Age (Child): 90 Days
  • Maximum Entry Age (Child): 12 Years
  • Minimum Basic Sum Assured: ₹75,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term: Till child attains 25 years age
  • Premium Payment Term: Till child attains 20 years age
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules

Retiremnt Plans

Saral Pension Plan – 879

LIC’s Saral Pension Plan – 879 is an immediate annuity plan designed to provide regular lifelong pension income after retirement. It is a simple and secure retirement solution that ensures financial independence and stable income throughout life.

Features & Benefits

  • Immediate annuity plan with guaranteed lifelong pension
  • Regular income after retirement for financial security
  • Choice of single life and joint life annuity options
  • Simple and easy-to-understand pension plan
  • Annuity payable monthly, quarterly, half-yearly, or yearly
  • Purchase price returned to nominee on death under applicable option
  • Loan facility available after completion of specified period
  • Suitable for retirement income planning
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age (Child): 0 Years
  • Maximum Entry Age (Child): 12 Years
  • Minimum Sum Assured: ₹1,00,000
  • Policy Term: Based on child’s age
  • Premium Payment Term: Limited Premium Payment
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Maturity Age: 25 Years of child age
  • Medical examination may be required as per underwriting rules

New Jeevan Shanti Plan – 758

LIC’s New Jeevan Shanti Plan – 758 is a non-linked, non-participating deferred annuity plan designed to provide guaranteed regular income after retirement. The plan helps individuals create a secure pension corpus and enjoy financial stability during retirement years.

Features & Benefits

  • Guaranteed deferred annuity plan for retirement income
  • Choice of Single Life and Joint Life annuity options
  • Flexible deferment period available
  • Guaranteed annuity rates at policy inception
  • Regular lifelong pension after deferment period
  • Option to receive annuity monthly, quarterly, half-yearly, or yearly
  • Loan facility available after specified period
  • Suitable for retirement and pension planning
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age: 30 Years
  • Maximum Entry Age: 79 Years
  • Minimum Purchase Price: As per minimum annuity requirement
  • Maximum Purchase Price: No Limit
  • Deferment Period: 1 to 12 Years
  • Annuity Modes: Monthly, Quarterly, Half-Yearly, Yearly
  • Policy available under Single Life and Joint Life options
  • Medical examination may be required as per underwriting rules

Jeevan Akshay Plan – 857

LIC’s Jeevan Akshay Plan – 857 is a non-linked, non-participating immediate annuity plan designed to provide guaranteed regular income throughout life. The plan is ideal for individuals seeking a stable and secure pension after retirement with multiple annuity options.

Features & Benefits

  • Immediate annuity plan with guaranteed lifelong income
  • Multiple annuity options to suit retirement needs
  • Regular pension payable monthly, quarterly, half-yearly, or yearly
  • Option for single life and joint life annuity
  • Guaranteed annuity rates at the time of purchase
  • Purchase price return option available under selected annuity plans
  • Suitable for retirement income and financial security
  • Simple one-time premium pension solution
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age: 30 Years
  • Maximum Entry Age: 85 Years
  • Minimum Purchase Price: Depends on minimum annuity amount
  • Maximum Purchase Price: No Limit
  • Annuity Modes: Monthly, Quarterly, Half-Yearly, Yearly
  • Single Premium payment only
  • Medical examination generally not required
  • Available for Single Life and Joint Life options

Saral Pension Plan – 862

LIC’s Saral Pension Plan – 862 is a non-linked, non-participating immediate annuity plan designed to provide guaranteed lifelong pension income after retirement. With a single premium payment, the policyholder starts receiving regular pension payouts immediately, ensuring financial security and peace of mind during retirement years.

Features & Benefits

  • Guaranteed lifelong pension with immediate annuity option
  • Single premium payment with regular income benefits
  • Choice of Single Life and Joint Life annuity options
  • Annuity payable monthly, quarterly, half-yearly, or yearly
  • Purchase price returned to nominee under applicable option
  • Simple and easy retirement planning solution
  • Loan facility available after completion of specified period
  • Suitable for stable post-retirement income planning
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age (Child): 90 Days
  • Maximum Entry Age (Child): 12 Years
  • Minimum Basic Sum Assured: ₹75,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term: Till child attains 25 years age
  • Premium Payment Term: Till child attains 20 years age
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules

Money Back Plans

Bima Shree - 748

LIC’s Bima Shree Plan – 748 is a non-linked participating money-back life insurance plan specially designed for high net-worth individuals seeking life protection along with guaranteed returns and periodic survival benefits. The plan offers financial security, liquidity during the policy term, and wealth creation through bonuses.

Features & Benefits

  • Money-back plan with guaranteed survival benefits
  • High life cover with long-term financial protection
  • Loyalty additions and participation in LIC profits
  • Periodic payouts during the policy term
  • Maturity benefit payable along with bonuses
  • Loan facility available under the policy
  • Optional rider benefits available
  • Ideal for wealth creation and financial planning
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age: 8 Years
  • Maximum Entry Age: 55 Years
  • Minimum Basic Sum Assured: ₹10,00,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term Options: 14, 16, 18, and 20 Years
  • Premium Payment Term: Limited Premium Payment
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules

Money Back 20 Years - 720

LIC’s Money Back Plan 20 Years – 720 is a participating non-linked life insurance plan that provides periodic survival benefits along with life protection and maturity benefits. The plan is suitable for individuals seeking regular payouts during the policy term while ensuring long-term financial security for their family.

Features & Benefits

  • Periodic money-back survival benefits during the policy term
  • Life insurance protection throughout the policy duration
  • Maturity benefit along with vested bonuses
  • Participation in LIC profits through bonuses
  • Financial support for planned future expenses
  • Loan facility available under the policy
  • Optional rider benefits available
  • Suitable for savings and liquidity needs
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age: 13 Years
  • Maximum Entry Age: 50 Years
  • Minimum Basic Sum Assured: ₹1,00,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term: 20 Years
  • Premium Payment Term: 15 Years
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules

New Money Back 25 Years - 721

LIC’s New Money Back Plan 25 Years – 721 is a participating non-linked life insurance plan that offers periodic survival benefits along with life protection and maturity benefits. The plan is ideal for individuals looking for regular payouts to meet future financial needs while ensuring long-term financial security for their family.

Features & Benefits

  • Periodic survival benefits payable during the policy term
  • Life insurance protection throughout the policy duration
  • Maturity benefit along with vested bonuses
  • Participation in LIC profits through simple reversionary bonuses
  • Regular liquidity to meet planned financial goals
  • Loan facility available under the policy
  • Optional rider benefits available
  • Suitable for savings and long-term financial planning
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age: 13 Years
  • Maximum Entry Age: 45 Years
  • Minimum Basic Sum Assured: ₹1,00,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term: 25 Years
  • Premium Payment Term: 20 Years
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules

Bima Laxmi - 881

LIC’s Bima Lakshmi Plan – 881 is a participating non-linked limited premium endowment plan designed especially for women, offering a combination of savings, protection, and periodic money-back benefits. The plan provides financial security along with guaranteed additions and bonus benefits to support long-term financial goals.

Features & Benefits

  • Specially designed savings and protection plan for women
  • Periodic survival benefits during the policy term
  • Guaranteed additions and bonus benefits
  • Life insurance protection throughout the policy duration
  • Limited premium payment term for financial convenience
  • Maturity benefit payable along with applicable bonuses
  • Loan facility available under the policy
  • Optional rider benefits available
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age: 30 Days
  • Maximum Entry Age: 55 Years
  • Minimum Basic Sum Assured: ₹2,00,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term Options: 16, 20, 24 Years
  • Premium Payment Term: Limited Premium Payment
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules

Endowment Plans

Nav Jeevan Shree - 912

LIC Nav Jeevan Shree (Plan 912) is a Non-Linked, Non-Participating Limited Premium Endowment Plan that offers a combination of guaranteed savings and life protection. The plan provides guaranteed additions every year with flexible premium payment terms and maturity benefits.

Features & Benefits

  • Guaranteed Additions throughout the policy term
  • Limited Premium Payment Facility
  • Flexible Policy Term Options
  • Life Risk Coverage for the policyholder
  • Maturity Benefit with Guaranteed Returns
  • Two Death Benefit Options Available
  • Loan Facility Available
  • Settlement Option in Installments
  • Optional Rider Benefits for extra protection
  • Tax Benefits as per applicable Income Tax laws

Eligibility Criteria

    • Minimum Entry Age 30 Days
    • Maximum Entry Age 60 Years
    • Minimum Sum Assured ₹5,00,000
    • Maximum Sum Assured No Limit
    • Policy Term 10 to 20 Years
    • Premium Payment Term 6 / 8 / 10 / 12 Years
    • Maximum Maturity Age 75 Years

New Jeevan Shree Single - 911

LIC New Jeevan Shree Single (Plan 911) is a Non-Linked, Non-Participating Single Premium Endowment Plan. Designed for customers looking for guaranteed savings with a one-time premium payment. Provides life insurance protection along with assured maturity benefits. Ideal for long-term financial planning and wealth creation.

Features & Benefits

  • One Time Single Premium Payment
  • Guaranteed Additions throughout the policy term
  • Guaranteed Maturity Benefit
  • Life Insurance Protection
  • Flexible Policy Term Options
  • Loan Facility Available
  • Settlement Option in Installments
  • Optional Rider Benefits Available
  • Tax Benefits as per applicable Income Tax laws

Eligibility Criteria

  • Minimum Entry Age: 30 Years
  • Maximum Entry Age: 79 Years
  • Minimum Purchase Price: As per minimum annuity requirement
  • Maximum Purchase Price: No Limit
  • Deferment Period: 1 to 12 Years
  • Annuity Modes: Monthly, Quarterly, Half-Yearly, Yearly
  • Policy available under Single Life and Joint Life options
  • Medical examination may be required as per underwriting rules

New Endowment Plan - 714

LIC New Endowment Plan (Plan 714) is a participating non-linked life insurance plan that offers a perfect combination of protection and savings. The plan provides financial security to your family along with bonus benefits and long-term wealth creation. It is designed for individuals looking for life cover with guaranteed maturity benefits and future financial stability..

Features & Benefits

  • Combination of Savings and Protection
  • Participating Endowment Plan
  • Simple Reversionary Bonuses
  • Final Additional Bonus Facility
  • Financial Security for Family
  • Maturity Benefit with Bonus
  • Death Benefit Protection
  • Loan Facility Available
  • Optional Rider Benefits Available
  • Tax Benefits as per applicable Income Tax laws

Eligibility Criteria

  • Minimum Entry Age: 8 Years
  • Maximum Entry Age: 55 Years
  • Minimum Sum Assured: ₹1,00,000
  • Maximum Sum Assured: No Limit
  • Policy Term: 12 to 35 Years
  • Premium Payment Term: Equal to Policy Term
  • Maximum Maturity Age: 75 Years

Nav Jeevan Anand - 760

LIC’s Bima Jyoti Plan – 760 is a non-linked, non-participating limited premium payment life insurance plan that provides guaranteed returns along with life protection. The plan is designed for individuals seeking financial security, assured savings, and guaranteed additions throughout the policy term.

Features & Benefits

  • Guaranteed additions payable throughout the policy term
  • Combination of savings and life insurance protection
  • Limited premium payment option for convenience
  • Guaranteed maturity benefit at the end of policy term
  • Financial security for family in case of unfortunate events
  • Loan facility available under the policy
  • Suitable for long-term financial planning and wealth creation
  • Simple and secure guaranteed return plan
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age: 90 Days
  • Maximum Entry Age: 60 Years
  • Minimum Basic Sum Assured: ₹1,00,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term: 15 to 20 Years
  • Premium Payment Term: 10 to 15 Years
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules

Nav Jeevan Anand- 715

LIC’s New Jeevan Anand Plan – 715 is a participating non-linked endowment life insurance plan that combines savings and protection. The plan offers financial security during the policy term along with lifelong risk cover even after maturity, making it one of LIC’s most popular long-term financial planning solutions.

Features & Benefits

  • Combination of savings and lifelong protection
  • Risk cover continues even after policy maturity
  • Maturity benefit along with vested bonuses
  • Participation in LIC profits through bonuses
  • Financial protection for family in case of unfortunate events
  • Loan facility available under the policy
  • Optional rider benefits available
  • Suitable for long-term wealth creation and family security
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age: 18 Years
  • Maximum Entry Age: 50 Years
  • Minimum Basic Sum Assured: ₹1,00,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term: 15 to 35 Years
  • Premium Payment Term: Equal to policy term
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules

Single Premium Endowment - 717

LIC’s Single Premium Endowment Plan – 717 is a participating non-linked life insurance plan that offers the dual benefit of savings and financial protection through a one-time premium payment. The plan is ideal for individuals looking for long-term security without the burden of paying regular premiums.

Features & Benefits

  • One-time premium payment with long-term benefits
  • Combination of savings and life insurance protection
  • Maturity benefit along with vested bonuses
  • Participation in LIC profits through bonuses
  • Financial protection for family during the policy term
  • No recurring premium payment required
  • Loan facility available under the policy
  • Suitable for long-term wealth creation and financial planning
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age: 90 Days
  • Maximum Entry Age: 65 Years
  • Minimum Basic Sum Assured: ₹50,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term: 10 to 25 Years
  • Premium Payment Term: Single Premium
  • Medical examination may be required as per underwriting rules
  • Policy available for healthy lives only

Jeevan Laksha - 733

LIC’s Jeevan Lakshya Plan – 733 is a participating non-linked limited premium endowment plan specially designed to provide financial security for the family and support important future goals such as child education, marriage, and long-term savings. The plan offers annual income benefits in case of unfortunate death during the policy term along with maturity benefits and bonuses.

Features & Benefits

  • Combination of protection and long-term savings
  • Annual income benefit to nominee in case of death during policy term
  • Maturity benefit along with vested bonuses
  • Participation in LIC profits through bonuses
  • Limited premium payment term for convenience
  • Financial support for child education and future goals
  • Loan facility available under the policy
  • Optional rider benefits available
  • Tax benefits available as per prevailing tax laws

Eligibility Criteria

  • Minimum Entry Age: 18 Years
  • Maximum Entry Age: 50 Years
  • Minimum Basic Sum Assured: ₹1,00,000
  • Maximum Basic Sum Assured: No Limit
  • Policy Term: 13 to 25 Years
  • Premium Payment Term: 3 Years less than policy term
  • Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
  • Medical examination may be required as per underwriting rules
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