LIC INSURANCE PLANS

LIC (Life Insurance Corporation of India) offers a wide range of insurance plans and policies to cater to the diverse needs and preferences of individuals. Here is an overview of some of the popular LIC insurance plans and policies:

1. LIC Endowment Plans: Endowment plans offer both insurance coverage and savings benefits. They provide a lump sum payout on maturity or in case of death during the policy term. Examples include LIC New Endowment Plan (914) and LIC Jeevan Anand (915).

2. LIC Money Back Plans: Money-back plans provide periodic payouts during the policy term, along with maturity benefits. They offer financial protection and liquidity at regular intervals. Examples include LIC New Money Back (20 Yrs) Plan (920) and LIC New Money Back (25 Yrs) Plan (921).

3. LIC Term Insurance Plans: Term insurance plans offer pure risk coverage for a specified term. They provide a lump sum payout to the nominee in case of the policyholder's demise during the policy term. Examples include LIC Tech Term (854) and LIC Saral Jeevan Bima (859).

4. LIC Whole Life Plans: Whole life plans offer coverage for the entire lifetime of the insured individual. They provide a death benefit to the nominee along with bonuses accumulated over the policy term. An example is LIC Jeevan Umang (945).

5. LIC Children Plans: Children plans are designed to secure the future of children by providing financial assistance for their education, marriage, and other needs. Examples include LIC New Children Money Back Plan (932) and LIC Jeevan Tarun (934).

6. LIC Pension Plans: Pension plans, also known as retirement plans, offer regular income post-retirement. They help individuals build a corpus for their retirement years. Examples include LIC Jeevan Shanti (850) and LIC New Jeevan Nidhi (818).

7. LIC Health Insurance Plans: LIC also offers health insurance plans that provide coverage for medical expenses and hospitalization. Examples include LIC Cancer Cover (905) and LIC Jeevan Arogya (903).

8. LIC Group Insurance Plans: LIC offers group insurance plans for organizations to provide insurance coverage to their employees or members. These plans include group term insurance, group gratuity, and group superannuation schemes.

9. LIC Micro Insurance Plans: Microinsurance plans are targeted towards low-income individuals and provide coverage at affordable premiums. Examples include LIC Micro Bachat (951) and LIC Bhagya Lakshmi (859).

These are just a few examples of the insurance plans and policies offered by LIC. Each plan is designed to address specific financial needs and goals, providing individuals with the opportunity to secure their future and protect their loved ones. It's essential to assess your requirements and consult with an LIC agent or financial advisor to choose the most suitable plan based on your financial goals, risk appetite, and budget.