Company Profile
LIC is a leading and only 100% Indian Insurance Company with proven track record. LIC has a variety of insurance plans to cater your diffente needs associtaed with insurence. By becoming a policyholder, participate in national development, as LIC funds a number of socio-economic projects in the country. LIC's plans other tax advantages too. The maturity amount is exempt from Income tax in the year of receipt under section 10(10)D of the Income Tax Act.

• Jeevan Rekha Plan

  Jeevan Rekha, a with-profit plan, is a novel combination of Whole Life and popular Money Back Plans. This is a unique plan catering to the needs of insuring public who cherish to have inflow of income at regular intervals and at the same time provide their family a lump sum amount on death.

• Jeevan Anand:

  The plan is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan. The plan provides the pre-decided Sum Assured and Bonuses at the end of the stipulated premium term, but the risk cover on the life continues till death.

• Whole Life plan:

  A low cost insurance plan where Sum Assured is payable on death of the life assured and premiums are payable throughout life. Available in four variations with:

  Features
  1. Option for maturity with or without profit
  2. Facility of paying the premium for a limited period.
  3. Single premium payment also possible
  
  
• Convertible Whole Life Plan:

  The policy is issued as a whole life plan with an option to convert it into an Endowment Assurance at the end of 5 years. A plan suitable for those who cannot afford high premium in the initial years but have prospects of increased income within a few years.

• Jeevan Anand:

  The plan is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan. The plan provides the pre-decided Sum Assured and Bonuses at the end of the stipulated premium term, but the risk cover on the life continues till death.

• Endowment Plan:

  Under this plan Sum Assured is payable on the date of maturity or on death of the life assured, if earlier. Plans available with different variations like:

  Features
  1. Maturity with or without profits
  2. Single premium mode
  3. Limited premium payment term
  
  
• Jeevan Mitra (Double Cover):

  Basically an endowment assurance plan with payment of an additional sum assured equal to the basic sum assured on death of the life assured during the term of the policy.

  Features
  1. A high risk low cost plan
  2. This is a with profit plan
  
  
• Jeevan Mitra (Triple Cover):

  For a small extra cost it provides a risk cover of 3 times the basic Sum Assured. In case of accidents, the risk cover goes up to 4 times. It is thus an attractive plan that provides a high risk cover for a comparatively lower cost.

  Features
  1. A high risk low cost plan
  2. This is a with profit plan
  
  
• Bhavishya Jeevan: Features
  1. Ideal plan for professionals with a limited span of high income.
  2. Premium comes down significantly after first 5 years
  3. This is a with profit plan
  
  
• New Jana Raksha:

  An endowment plan for people with no regular income. It provides for death cover for a period of 3 years from first unpaid premium, provided at least 2 full years premiums have been paid.

  Features
  1. Inbuilt accident benefit
  2. A with profit plan
  
  
• Double Endowment:

  Ideal for people with physical disability who are otherwise not acceptable for other plans of assurance at normal rates. · On maturity double the sum assured is paid

• Anmol Jeevan Plan:

  It is a pure Term Assurance Plan that provides risk cover at a very low cost. Under this plan , the Sum Assured is payable on the death of the Life Assured during the term of the policy. However, if the policy holder survives the term, no amount would be repayable.

• Two Year Temporary Assurance Plan:

  Term assurance for 2 years or less is available under this plan. Sum assured is payable only on death of the life assured during the term.

• Convertible Term Assurance Plan:

  It provides term assurance for 5 to 7 years with an option to purchase a new Limited Payment Whole Life Policy or an Endowment Assurance Policy at the end of the selected term provided the policy is in full force.

  Features
  1. A plan with low initial premium
     
  2. New Bima Kiran

     New Bima Kiran is low cost Life Insurance plan just to suit young man and woman like you. Besides enjoying risk cover during the term of the policy, it has other attractive add-ons like

     1. Low affordable premium with maximized risk cover
     2. In-Built Accident benefit
     3. Extended Term cover after maturity

• Jeevan Samriddhi

  The New Money Back Plan assures periodic payment of basic Sum assured in installments on survival, with increasing benefits. 'Jeevan Samriddhi' gives you a wider choice of convenient terms - 12,15,20,25 years, with added attractive features like Guaranteed and Loyalty Addition. It enables you to provide for future necessities, to ensure the timely availability of funds for marriages, education, illness and any unforeseen contingency. 'Jeevan Samriddhi' takes care of your future and much more.

• Jeevan Rekha Plan

  Jeevan Rekha, a with-profit plan, is a novel combination of Whole life and popular Money Back Plans. This is a unique plan catering to the needs of insuring plan catering to the needs of insuring public who cherish to have inflow of income at regular intervals and at the same time provide their family a lump sum amount on death.

• Money Back Plan:

  Beside providing life cover during the term of the policy, the maturity benefits are paid in installments by way of survival benefits every 5 years.
  Features

  1. Available with 20 & 25 year terms
  2. A with profit plan

• Jeevan Surabhi:
  Featues
  1. Improved version of Money Back Plan where premiums are payable for a limited period with
  2. An added attraction of periodical increase in insurance cover.
  3. Free risk coverage even during the non premium paying period
  4. Available with premium payment periods of 12,15 & 18 years
  5. And policy terms of 15,20 & 25 years
  6. Money back at intervals of 4 or 5 years as per policy term

• Asha Deep II:

  Besides maturity or death benefits this plan provides for the following additional coverage:

  1. 50% of sum assured paid on the eventuality of the defined ailments
  2. Premiums waived after admission of claim as above
  3. 10% of sum assured paid for every surviving year
  4. Balance 50% paid on maturity or death if earlier.
  5. Available for 15, 20 & 25 year terms

• Jeevan Asha II:

  This is an innovative plan where the policyholder covers the risk Major and Minor Surgery covered under specified conditions:

  1. Exclusive double/triple accident benefits
  2. Survival benefits @ 2% of sum assured every two years after policy has run for three years.
  3. Option to accumulate the survival benefits
  4. 20% of sum assured for minor surgical procedures
  5. 50% of sum assured for major surgical procedures
  6. Eligible for guaranteed additions and loyalty addition
  7. Available for three different terms - 15, 20 & 25 years

• Jeevan Aadhar:

  Especially designed for handicapped dependents:

  1. This is a limited payment whole life policy
  2. Claim amount is paid partly in lumpsum and partly in the form of an annuity.
  3. Income Tax relief under Section 80 DDA is also available.

• Jeevan Vishwas:

  A new life insurance plan, which provides for risk cover on the life of the breadwinner and a regular income to the handicapped dependant. It thus enables the breadwinner to provide security to his handicapped dependant.

• Jeevan Griha Plan (Double cover & triple cover):

  For people desirous of obtaining a housing loan with the policy acting as collateral security and to ensure repayment of loan in the event of premature death of the borrower.

  1. Available as double and triple cover plans
  2. These are high risk low cost plans

• Mortgage Redemption:

  Suitable for borrowers as it ensures that the outstanding loan is automatically repaid in the event of the borrower's death.

• Jeevan Saathi:

  This is a double cover Joint Life Endowment Assurance plan with profits for husband and wife.

  1. Premium ceases on the death of any one life assured
  2. Each person covered for the full sum assured
  3. A with profits plan

• Jeevan Sukanya:
  1. This is an ideal scheme for the girl child between 1 and 12 years of age.
  2. Extends risk to husband after marriage of the girl
  3. Premium waiver benefit available in case of death of parent

• Jeevan Kishor

  Another exclusive plan for children. Risk cover commences from the age of 7. Available with premium waiver benefit

• Jeevan Balya:

  This plan provides for a monthly income to the child up to the age 21 in case of the unfortunate death of the parent. Premium waiver benefit available

• Jeevan Chhaya:
  1. This is an ideal policy to make provision for a child's higher education.
  2. Money back paid in installments starting three years proceeding the year of maturity
  3. A with profit plan
  
  
• Bal Vidya:

  Most parents, however may not be satisfied with what they provide to the child. They may aspire to give the child financial security, the best of education and support for the launch of a career. In the context of today's increasing costs, offering these is easier said than done. This is where LIC's Bal Vidya comes in handy:

  1. It provides not only life insurance for the bread winner
  2. money in regular monthly instalments and in
  3. lump sums at specific points of time.
  4. These can take care of most of the expenses of the family - on school, college and professional education, health care, starting a career etc.

• Fixed Term (Marriage) Endowment/Educational Annuity:
  1. A plan suitable for making provision for start in life, marriage or education of children.
  2. Risk coverage for the breadwinner
  3. A with profits plan

• Bima Nivesh 2002

  A Unique plan which offers more than Life Insurance.

• Bima Nivesh Triple Cover

  Bima Nivesh Triple Cover is a short term life insurance scheme that also provides safety, liquidity, attractive returns and tax benefits.

• Capital redemption plan

  A plan which provides for payment of a sum of money on a specified Date in exchange for periodical premiums. This plan is without life Insurance element, the main factor being accumulation of interest.

• A Plan For Every Need

  LIC has a variety of security plans to choose from. These plans cater to all categories of people and to their diverse needs. The plans are simply unmatched in reliability, benefits and in providing happiness and security. So, take a Life Insurance Policy today. By becoming a policyholder, participate in national development, as LIC funds a number of socio-economic projects in the country. LIC's plans other tax advantages too. The maturity amount is exempt from Income tax in the year of receipt under section 10(10)D of the Income Tax Act.