Life insurance provides financial security to the family in case of an unfortunate event. Some Life insurance plans also encourage in regular saving, therebyhelping to fulfill important financial goals such as education,marriage, etc., and fulfillment of other financial needs.
Term insurance provides maximum life cover of the insured at a very nominal premium. In case of any eventuality, the nominee/s receives the Sum Assured
LIC’s Jeevan Amar
This type of Plans acts an instrument of insurance and saving. Endowment plans are ideal for people looking to ensure maximum coverage along with sizable return on maturity.
LIC's New Endowment Plan
LIC's New Jeevan Anand
LIC's Jeevan Labh
This type of policy offers interim return of sum assured as money back at regular interval, during the term of the policy. The balance of the sum assured is paid as lump sum including accrued bonuses on maturity.In case of unfortunate death of the life assured, the death benefit, i.e., full sum assured is paid to the nominee.
LIC's New Bima Bachat,
LIC's NEW MONEY BACK PLAN - 20 YEARS
Unit link Insurance Plans are market linked products that combines life insurance and investment. However, the return of investment depends on stock/bond market behaviours.
LIC's NEW ENDOWMENT PLUS
As the name suggests, such policies offer life cover to the insured for the entire life,up to 100 years of age.The Death benefit is paid to the beneficiary in case of untimely death of the policyholder. Maturity benefit is payable on life assured surviving maturity age.
LICs Jeevan Umang
A child plan is investment cum insurance plan to ensure the financial protection for the policyholder’s children in case of unfortunate demise of the policyholder. It is ideal for ensuring that the financial needs of the child’ssuch as education,marriage etc. are well taken care of even in the absence of insured parent.
LIC's NEW CHILDREN'S MONEY BACK PLAN
LIC's Jeevan Tarun
Pension plans/annuity plans are life insurance plans that provides regular and fixedincome after the expiry of a specified period or immediately after the investment.
LIC's Jeevan Akshay – VII
LIC's New Jeevan Shanti