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Product Information
Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.
Understand Life Insurance
Dhan Sanchay
Saral Jeevan Bima
Bachat Plus
New Endowment Plan
New Jeevan Anand
Aadhaar Stumb
Jeevan Labh
Aadhaar Shila
Jeevan Lakshya
Single Payment Endowment
Bima Jyoti
Jeevan Tarun
Jeevan Lakshya
New Children’s Money Back Plan
Jeevan Umang
New Jeevan Anand
Saral Pension
Jeevan Akshay- VII
Jeevan Shanti
Cancer Cover
Jeevan Arogya
Jeevan Amar
Jeevan Umang
Bima Shree
Jeevan Shiromani
New Money Back Plan 25 Years
New Money Back Plan
New Bima Bachat
Dhan Rekha
New Pension Plus
SIIP
Nivesh Plus
New Endowment Plus
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Plan No. 945
This is the ideal plan for savings & Retirement Planning
It provides the guaranteed tax-free Income of 8% of Sum Assured for life time
It offers the life cover for life time
The customer gets the tax-free maturity under this plan which includes the bonus also along with Sum Assured
This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
In case of a minor, this plan also has the premium waiver benefit in case of death of the parent.
The policyholder also has the option of choosing the death benefit in installments
LIC also offer the discount in the premium in case the mode of payment is Yearly.
The loan is also available to the policyholder after the completion of 1 year of the policy
How Does This Policy Work
Sample illustration
Eligibility Criteria
Min.
Max.
Age
90 Days (Completed))
55 Years for Payment Term = 15
50 Years for Payment Term = 20
45 Years for Payment Term = 25
40 Years for payment term = 30
Policy Term
100 Years - Age
Premium Payment Term
15, 20 25, & 30 Years
Rider
LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR)
Rider
LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER
Rider
LlC's ACCIDENT BENEFIT RIDER
Rider
LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB)
Rider
LIC's NEW TERM ASSURANCE RIDER (TR)
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