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People Don’t Buy Insurance Without Getting it!

Life Insurance is a contract that allows you to cover your risks by paying premiums over time. It’s never too early, or too late to get yourself protected. Since each one of us, during our lives are faced with numerous risks – failing health, financial losses, accidents and even fatalities, our instinct drives us to cover ourselves against those risks. Insurance softens the economic crisis that usually accompanies these losses.

Life is a mixture of uncertainty and potential. With the help of Life Insurance, you can prepare yourself for all the uncertainties ahead with ease.

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Life Insurance Corporation of India (LIC)

Life Insurance Corporation (LIC) of India is the only public sector Life Insurance Company in India. The company was formed in September 1956. The mission of the Life Insurance Corporation of India is to enhance the quality of living of the people by providing financial products and services that provide competitive returns.

LIC Plans

1. Endowment Plans

Endowment plan is term insurance policy with maturity benefits. In case of demise of policyholder, the Sum Assured along with accrued bonuses (if any) is paid to the beneficiary. On survival of policyholder, the same is paid on the maturity date.

  • 860 – Bima Jyoti
  • 917 – Single Payment Endowment
  • 933 – Jeevan Lakshya
  • 944 – Aadhaar Shila
  • 936 – Jeevan Labh
  • 943 – Aadhaar Stumb
  • 915 – New Jeevan Anand
  • 914 – New Endowment Plan
  • 861 – Bachat Plus
  • 859 – Saral Jeevan Bima

2. Child Protection Plans

Children Plans from L.I.C. provide safeguard and planned savings for the future of your children with respect to funding their upbringing, education, career, marriage, etc. Numbers of options are available to satisfy and match your goals for your children.

  • 932 – New Children’s Money Back Plan
  • 933 – Jeevan Lakshya
  • 934 – Jeevan Tarun

3. Whole Life Plans

As the name itself suggests, whole life plans provide life cover for the entire lifetime. Different plans with suitable premium options are available to match the requirements of every individual.

  • 915 – New Jeevan Anand
  • 945 – Jeevan Umang

4. Retirement Solutions

Plan now for a great and independent retired life. Choose from Immediate and deferred annuity plans to suit your retirement needs.

  • 850 – Jeevan Shanti
  • 857 – Jeevan Akshay- VII

5. Health Insurance Plans

Health plans from LIC give you the financial security to meet health related contingencies.

  • 904 – Jeevan Arogya
  • 905 – Cancer Cover

6. Pure Protection Plans

Pure Protection Plans are specially designed to offer only Life Cover at a very low premium. There are short term plans, long term plans and convertible plans in this category.

  • 855 – Jeevan Amar

7. Money Back Plans

A bunch of perfect plans offered by LIC to meet the insurance needs and the period financial needs of an Individual. The plans provide cash inflow at a predefined intervals.

  • 916 – New Bima Bachat
  • 920 – New Money Back Plan
  • 921 – New Money Back Plan 25 Years
  • 947 – Jeevan Shiromani
  • 948 – Bima Shree
  • 945 – Jeevan Umang

8. ULIP Plans

ULIP plans are investment plans for those who realise the worth of hard-earned money. These plans help you see your savings yield rich benefits and help you save tax even if you don’t have consistent income.

  • 935 – New Endowment Plus
  • 849 – Nivesh Plus
  • 852 – SIIP

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