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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
Plan No. 848
The benefits offered by this plan are:
Limited Payment Optionn
Guaranteed 25% Additional Life cover without any cost
Guaranteed Customized Payouts at regular Intervals
5 – 5.5% Bonus is Guaranteed by LIC
Loyalty Bonus is also payable on Maturity along with Sum Assured
Option of taking Maturity & Death Benefit in instalments
Loan is also available
Avail Tax Benefits u/s 80C & 10(10D)
Adiitional Benefits
This plan also offers add on benefits like Additional Life Cover, Accidental Death & Disability Benefit, Critical Illness Cover & Premium Waiver Benefit
Eligibility Criteria
Min.
Max.
Age
8 Years (Completed)
55 Years for 14 Year Term
51 Years for 16 Year Term
48 Years for 18 Year Term
45 Years for 20 Year Term
Policy Term
14, 16, 18 & 20 Years
Premium Payment Term
Policy Term Minus 4 Years
Sum Assured
Rs.10 Lacs
No Limit
Age at Maturity
69 Years for 14 Year Term
67 Years for 16 Year Term
66 Years for 18 Year Term
65 Years for 20 Year Term
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) - If life assured is Minor
Rider
LIC's NEW TERM ASSURANCE RIDER (TR)
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