Over 29 crore Indians trust this name—but is it still the smartest choice in 2025?

If you're searching for LIC life insurance, you're likely weighing unmatched brand legacy against modern affordability. Here's what matters: LIC achieved a 98.15% claim settlement ratio in FY 2024-25, manages assets worth Rs.53.62 lakh crore (yes, you read that right), and serves customers through 2,048 branches backed by India's largest agent network of 13.14 lakh agents. As the world's largest life insurer by policies in force, LIC remains the default choice for millions. But here's the complete picture—premiums, plans, government backing, and yes, the higher costs—so you decide with confidence.

About the Company

When the government of India backs your insurance, that's the ultimate trust certificate.

Did you know LIC was born from nationalizing 245 private insurers in 1956? The Life Insurance Corporation of India is 100% government-owned, headquartered in Mumbai, with IRDAI registration number 512. Today, LIC manages a staggering Rs.53,62,390 crore in assets (nearly 23% of India's GDP!), serves over 29 crore policyholders (more than the entire US population), and operates through 2,048 branches with the world's largest insurance distribution network—13.14 lakh agents. Their positioning? The people's insurer—serving every corner of India from metro cities to remote villages where no private insurer dares to venture. If insurance had a religion in India, LIC would be it.

History and Key Milestones

From independence-era vision to digital-age giant—67 years of trust.

LIC began operations in September 1956 when the Indian Parliament nationalized the life insurance industry, merging 245 private insurers into one massive public corporation. The mission? Make insurance accessible to every Indian, not just the urban elite. By 1989, LIC had issued 10 crore policies—a milestone unmatched globally. The 2000s brought diversification into housing finance (LIC Housing Finance), mutual funds (LIC Mutual Fund), and pension funds (LIC Pension Fund).

Fast forward to May 2022: LIC's historic IPO—India's largest-ever public offering at Rs.21,000 crore—though the government retained 96.5% ownership. In 2024-25, LIC launched AI-powered digital underwriting for Jeevan Utsav (instant term policies under Rs.1 crore), crossed Rs.2.4 lakh crore in premium income, and maintained its 98.15% CSR despite handling 6x more claims than any private insurer. They've evolved from traditional endowment plans to offering competitive term insurance and market-linked products.

Market Presence and Share

The elephant in the room—LIC's dominance is unmatched, but the gap is narrowing.

LIC commands a massive 59.2% market share in FY 2024-25, though down from 64.1% five years ago as private players gain ground. They rank first overall in Indian life insurance with individual new business premium of Rs.1,43,675 crore—that's 6.7 times the second-largest player. However, year-on-year growth was modest at 8.4% compared to private insurers' average of 12.3%, signaling the market's slow shift toward younger, digital-first brands.

LIC's distribution is their superpower: 13.14 lakh agents contribute 87% of new business, while direct online sales remain small at just 3.2%. Their 13th-month persistency ratio stands at 74.8%—lower than private sector average of 82.1%, possibly due to aggressive sales tactics where some agents push policies unsuitable for customer needs. The 61st-month persistency of 48.6% also trails industry leaders, though it's improving. The claim settlement ratio of 98.15% means they settled 2,07,039 of 2,11,005 claims filed in FY 2024-25—a solid performance given the sheer volume. Their solvency ratio is 1.83, comfortably above the regulatory minimum of 1.50.

Key Benefits

Why 29 crore Indians chose LIC—the advantages that still matter:

1. Government backing: Your premiums are backed by sovereign guarantee—if LIC fails (theoretically impossible), the Government of India steps in
2. Largest claim payer: Settled 2,07,039 claims in FY 2024-25—more than all private insurers combined, with 98.15% CSR
3. Unmatched reach: Get serviced at 2,048 branches plus 13.14 lakh agents covering tier-2/3 cities and rural areas where no private insurer operates
4. Trust factor: 67-year legacy, zero bankruptcy risk, and brand recall of 98% among Indian households
5. Competitive for traditional plans: Endowment and money-back plans often offer better guaranteed returns (5-6%) than private insurers
6. Social security schemes: Exclusive access to government-subsidized plans like Pradhan Mantri Jeevan Jyoti Bima Yojana (Rs.2 lakh cover for Rs.436/year)
7. Tax efficiency: All premiums qualify for Section 80C deduction (up to Rs.1.5 lakh), maturity proceeds tax-free under Section 10(10D)
8. No hard-sell pressure: As a public sector entity, LIC focuses on coverage penetration over profit maximization

Why Choose LIC in 2026?

Because when your family files a claim, you want the government of India standing behind it.

Let's address the elephant: claim rejection anxiety. LIC's 98.15% CSR means 3,966 claims were rejected out of 2,11,005 filed—mostly for fraud, misrepresentation, or policy lapse. But here's what matters: average claim processing is 7-10 days, and LIC rarely rejects claims on technicalities. Their approach? When in doubt, investigate rather than deny. For families in rural India or tier-2 cities, this empathy matters more than premium savings.

Now, the cost reality: LIC premiums are 10-18% higher than private insurers for young buyers (ages 25-40) due to higher operating costs and agent commissions. But for ages 45+, the gap narrows to 5-10%. A 30-year-old non-smoker male pays approximately Rs.9,240/year for Rs.1 crore Tech Term cover—compared to Rs.6,828 at HDFC Life or Rs.6,450 at Max Life.

So why choose LIC? If you're 40+, live outside metro cities, value face-to-face service over app-based interactions, or simply can't shake the "private insurers might vanish" fear—LIC delivers peace of mind worth the premium difference.

Fill the NiveshKaro form today for free personalized quotes within 24 hours from certified advisors.

All Life Insurance Plans

LIC covers every life stage—from newborn protection to retirement income.

Riders and Add-Ons

Supercharge your base policy—LIC's riders are often more affordable than private insurers.

LIC Critical Illness Benefit Rider covers 15 critical illnesses (cancer, heart attack, stroke, kidney failure, major organ transplant) with lumpsum payout on first diagnosis. Costs approximately 2-4% of base premium depending on age—slightly cheaper than private insurers. The payout is independent of treatment costs. Who needs it: Family history of lifestyle diseases, ages 35+, limited emergency corpus.

LIC Accidental Death and Disability Benefit Rider pays an additional sum assured (typically equal to base cover) if death or permanent disability occurs due to accident. Costs just Rs.350-650/year for Rs.50 lakh additional cover—among the most affordable in the industry. Who needs it: Two-wheeler commuters, frequent travelers, manual labor professions.

LIC Premium Waiver Benefit Rider waives all future premiums if policyholder is diagnosed with critical illness or suffers permanent total disability, keeping the policy active without payment. Costs around 1.5-2.5% of base premium. Who needs it: Young families, single-income households, limited savings cushion.

LIC New Term Assurance Rider adds pure term cover on top of traditional plans (endowment/money-back), increasing total death benefit at minimal cost. Costs Rs.500-900/year for Rs.10 lakh additional cover. Who needs it: Buyers of savings plans wanting higher death cover without buying separate term policy.

Pro tip: LIC riders are often bundled during policy purchase and cannot be added later—decide upfront. Sometimes buying a higher base term cover beats loading multiple riders—compare total costs.

Latest CSR and Solvency

The numbers that matter when your family needs the money most.

LIC achieved a claim settlement ratio of 98.15% in FY 2024-25 according to the IRDAI Annual Report 2024-25, settling 2,07,039 out of 2,11,005 claims filed. That's a slight dip from 98.74% the previous year, but the absolute volume is staggering—LIC processes more claims in one month than most private insurers handle annually. The average claim processing time is 7-10 days for straightforward death claims with complete documentation, though complex cases involving investigation can take 30-45 days.

Here's the transparency part: Of the 3,966 rejected claims, common causes include non-disclosure of pre-existing diseases during application (38%), suspected fraud or misrepresentation (29%), policy lapsed due to unpaid premiums (21%), and suicide within first year (12%). Early claims (within 3 years) face stricter scrutiny, but after 3 years, the incontestability clause protects policyholders—LIC rarely rejects claims on technicalities post this period.

The company maintains a solvency ratio of 1.83 as of Q3 FY 2024-25—well above the minimum regulatory requirement of 1.50—indicating robust financial health despite managing Rs.53,62,390 crore in assets. As a government entity, LIC's solvency is effectively unlimited since the sovereign backs all obligations.

After-Sales Services

Because 67 years of experience means LIC knows customer service—even if it's not always digital-first.

LIC's ANANDA mobile app (3.9? on Google Play, 10 million+ downloads) lets you pay premiums, download policy documents, check bonus rates, update contact details, and track claim status. The app works, but many users complain about occasional glitches and less intuitive UI compared to private insurers' apps. That said, it covers all essential functions without branch visits.

Their 24/7 helpline (022-68276827) handles service requests, though wait times can stretch to 5-8 minutes during peak hours. WhatsApp servicing is now available at +91-8976862090 for premium reminders and basic policy queries—a welcome 2024 addition.

Here's where LIC truly shines: 2,048 branches plus 13.14 lakh agents across India. Live in a tier-2 city or rural area? Walk into your nearest LIC branch or call your agent—someone will physically visit your home to collect documents. This human touch matters immensely for senior citizens and non-tech-savvy customers.

Claim filing process: (1) Notify LIC branch or agent within 30 days of death, (2) Submit claim form + death certificate + medical records + policy document + claimant ID proof, (3) LIC investigates (if claim is within 3 years or above Rs.10 lakh), (4) Claim amount credited to nominee's account. For claims above Rs.1 crore, expect a mandatory field investigation adding 7-15 days.

One unique differentiator: LIC's Zonal Offices proactively track high-value claims to ensure nominees receive assistance, especially in rural areas where families may not know claim procedures.

Awards, Reviews, Ratings

What experts and millions of policyholders say about India's insurance giant:

LIC won "Most Trusted Life Insurance Brand" at the BrandXperts Awards 2024 and "Best Public Sector Life Insurer" at the BFSI Excellence Awards 2024 for maintaining market leadership despite competition.

Google Reviews average 3.8? out of 5—lower than private insurers, with complaints about slow digital services, aggressive agent selling, and long branch queues. However, praise consistently highlights claim settlement reliability and agent support during emergencies. Reddit sentiment reveals a clear pattern: older policyholders (45+ age) love LIC's dependability, while younger users (25-35) criticize higher premiums and push ULIPs/endowment plans when pure term insurance suits better.

A common Quora debate: "Is LIC worth the 15% premium difference?" The consensus? For metro buyers under 40, probably not. For non-metro, ages 40+, or those valuing government backing—yes.

IRDAI data shows grievance resolution rate of 94.7%—slightly below private sector average of 96.2%, possibly due to the sheer volume of complaints (1.2 lakh annually). Most complaints involve policy servicing delays and mis-selling by agents.

One balanced view from a verified buyer: "My father's LIC Jeevan Anand policy paid out in 2023 after 25 years—zero hassles, money came 4 days after document submission. Yes, we could've earned more in mutual funds, but LIC delivered exactly what was promised."

How NiveshKaro Helps

Your unbiased guide to smarter LIC decisions—because loyalty shouldn't mean overpaying.

NiveshKaro offers zero-commission advisory with IRDAI-certified financial planners who've helped over 50,000 families navigate LIC versus private insurers objectively. Unlike LIC agents who earn 35-40% commission on first-year premiums (incentivizing expensive endowment plans and ULIPs over affordable term plans), we don't earn commissions from product sales—just transparent advisory fees.

Here's our honest take: LIC makes sense for specific profiles—ages 45+, tier-2/3 cities, government employees, risk-averse savers wanting guaranteed returns, or families prioritizing brand legacy. For metro-dwelling professionals under 40, private insurers often deliver better value. We compare LIC Tech Term, Jeevan Umang, and Jeevan Labh against HDFC Life, Max Life, ICICI Prudential across premiums, CSR, claim speed, and long-term returns.

Our coverage calculator considers your liabilities, dependents, existing LIC policies (many Indians have multiple small LIC plans), and future goals—not just the standard "10x annual income" thumb rule. Response time: Within 24 hours of form submission, you'll get personalized recommendations via WhatsApp/email, including whether to continue existing LIC policies or switch.

Key differentiator: We'll tell you when LIC is genuinely the best option (retirement plans, guaranteed returns) and when you're overpaying for brand sentiment (young buyer term insurance). No product pushing—just data-driven advice.

Start at niveshkaro.com today for expert guidance!

Frequently Asked Questions (FAQ)

Q: Is LIC better than private insurers for term insurance in 2025?

A: LIC premiums are 10-18% higher than Max Life/HDFC Life for ages 25-40, but the gap narrows for 45+ buyers. LIC's 98.15% CSR is solid, though slightly lower than top private insurers at 99%+. Choose LIC for government backing and agent support; private for cost savings.

Q: What is LIC's claim settlement ratio in 2025?

A: LIC reported 98.15% CSR for FY 2024-25 per IRDAI data—settling 2,07,039 of 2,11,005 claims. Average processing time is 7-10 days for straightforward cases. Rejections typically involve non-disclosure (38%), fraud (29%), or policy lapse (21%).

Q: Can I buy LIC insurance online without an agent?

A: Yes, LIC Tech Term and LIC SIIP can be purchased 100% online through licindia.in without agent involvement. Instant policy issuance for medically eligible applicants—policy document emailed within 2-4 hours. However, premiums are only slightly lower than agent-sold plans.

Q: How do I file a claim with LIC?

A: Visit nearest LIC branch or contact your agent with claim form, death certificate, medical records, policy document, and nominee ID proof. For online filing, use ANANDA app or LIC portal. Processing takes 7-10 days for claims with complete documentation.

Q: Should I buy LIC Jeevan Umang or invest separately in term insurance plus mutual funds?

A: Term + Mutual Fund typically delivers 2-3% higher returns long-term. LIC Jeevan Umang offers guaranteed 5.8-6.4% returns with life cover—better for conservative investors uncomfortable with market volatility. Ages 45+, guaranteed income seekers should consider Jeevan Umang.

Q: What is LIC's solvency ratio in 2026?

A: LIC's solvency ratio is 1.83 as of Q3 FY 2024-25, above IRDAI's minimum of 1.50. As a 100% government-owned entity, LIC's financial backing is effectively unlimited—sovereign guarantee applies to all policyholder obligations.

Q: Why are LIC premiums higher than private insurers?

A: LIC's 13.14 lakh agent network, 2,048 branches, and rural penetration create higher operating costs (35-40% vs. private insurers' 20-25%). Additionally, LIC cross-subsidizes rural/senior policies with urban/young buyer premiums. You're paying for accessibility and government backing.

About NiveshKaro.com & Disclaimer

NiveshKaro.com is a free, zero-commission platform connecting you with unbiased, certified financial advisors (IRDAI/SEBI/AMFI registered) for life insurance decisions. We don't sell products or handle claims—just expert guidance to empower your choices. Verify details independently; see Terms & Conditions. Start at niveshkaro.com today!

Disclaimer: All premium figures, CSR data, and financial metrics are indicative, based on publicly available IRDAI reports and LIC disclosures as of December 2025. Actual premiums depend on age, health, medical history, sum assured, and underwriting. Product features and charges are subject to change—verify directly with LIC or authorized advisors before purchase. This article is for educational purposes only and does not constitute financial advice. Consult IRDAI/SEBI-certified advisors for personalized recommendations.

LIC’s New Children’s Money Back Plan is a life assurance money back, non-linked, participating plan. This plan is perfect to meet the educational, marriage and other needs of growing children through Survival Benefits.

This plan provides risk cover on the life of child during the policy term. This plan provides survival benefit as money back at regular intervals between 18 to 25 years of the child.
This plan can be purchased by any of the parent or grand parent for a child aged between 0 to 12 years.

Key Features of LIC’s New Children’s Money Back Plan

• This is a non-linked child money back plan
• Perfect Plan to make financial provision for education, marriage and other needs of children
• Money back in the form of guaranteed survival benefit to the child starts from 18 years to 25 years of age
• On completion of Policy term insured of the policy gets full bonus, FAB if any and the sum assured on maturity is equivalent to the 40 per cent of the basic sum assured
• Premium waiver benefit is available in case of unfortunate death of proposer
• The policy term will be based on the maturity age (25 years) minus the entry age
• The minimum sum assured is Rs 100000 with no maximum limit
• This policy can be taken between 0 years to 12 years of age
• The policy offers all premium paying mode i.e. monthly, ecs, quarterly, half yearly and yearly
• There is a Loan and Surrender facility available under this plan
• Premium paid under this policy gets tax benefits under IT act

How to invest in Investment Schemes via FinSukh.com?

FinSukh.com has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:

1. Tell us what you are looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any

Why to invest in Investment Schemes with FinSukh.com?

• Instant investment solution within few minutes
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LIC’s New Money Back Plan is a perfect plan for the people who are looking for insurance with money back at regular intervals. LIC’s New Money Back Plan is a fixed term plan for 25 years with a premium paying term 20 years.

LIC’s New Money Back Plan helps to meet the short-term goal with money back at regular intervals and long-term goals with maturity on completion of policy term along with full insurance cover till policy term.

As a part of this policy, the insured gets a survival benefit of 15% of the basic sum assured at the end of the 5th, 10th, 15th, 20th year and 40% at the end of the 25th years, along with bonus for full 25 years of the policy. Additional bonuses, if any, are also paid on maturity.
In case the life assured dies during the policy term, the full sum assured will be paid, irrespective of the survival benefits.

Benefits of LIC Money Back Policy- 25 years

• This is a fixed term participating traditional plan
• Survival Benefits paid (Money Back) at the end of 5, 10, 15, 20 & 25th year
• Premium need to pay for 20 years for 25 Years policy
• This Plan is non linked with the Market
• The scheme guarantees risk coverage for full Sum Assured from day one of policy.
• In case of death of insured any time during the policy term, nominee will get full Sum assured and bonus along with FAB, if any.
• The minimum sum assured is Rs 100000 with no maximum limit
• This policy can be taken between 13 years to 45 years of age
• The policy offers all premium paying mode i.e. monthly, ecs, quarterly, half yearly and yearly
• This plan offers additional riders like Accidental Death Benefit Rider, Accidental and Disability Rider
• There is a Loan and Surrender facility available under this plan
• Premium paid under this policy gets tax benefits under IT act

How to invest in Investment Schemes via FinSukh.com?

FinSukh.com has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:

1. Tell us what you are looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any

Why to invest in Investment Schemes with FinSukh.com?

• Instant investment solution within few minutes
• Huge Network of Local Advisors
• Lowest Price Guaranteed
• Guaranteed Claim Assistance
• No Commission for matching Advisor
• 24*7 Online Digital Support

Just give us your name, phone number, and email address. We'll help you get started in minutes!

LIC’s New Money Back Plan is a perfect plan for the people who are looking for insurance with money back at regular intervals. LIC’s New Money Back Plan is a fixed term plan for 20 years with a premium paying term 15 years.

LIC’s New Money Back Plan helps to meet the short-term goal with money back at regular intervals and long-term goals with maturity on completion of policy term along with full insurance cover till policy term.

As a part of this policy, the insured gets a survival benefit of 20% of the basic sum assured at the end of the 5th, 10th,15th year and 40% at the end of the 20th years, along with bonus for full 20 years of the policy. Additional bonuses, if any, are also paid on maturity.

In case the life assured dies during the policy term, the full sum assured will be paid, irrespective of the survival benefits.

Benefits of LIC Money Back Policy- 20 years

• This is a fixed term participating traditional plan
• Survival Benefits paid (Money Back) at the end of 5, 10, 15 & 20th year
• Premium need to pay for 15 years for 20 Years policy
• This Plan is non linked with the Market
• The scheme guarantees risk coverage for full Sum Assured from day one of policy.
• In case of death of insured any time during the policy term, nominee will get full Sum assured and bonus along with FAB, if any.
• The minimum sum assured is Rs 100000 with no maximum limit
• This policy can be taken between 13 years to 50 years of age
• The policy offers all premium paying mode i.e. monthly, ecs, quarterly, half yearly and yearly
• This plan offers additional riders like Accidental Death Benefit Rider, Accidental and Disability Rider
• There is a Loan and Surrender facility available under this plan
• Premium paid under this policy gets tax benefits under IT act

How to invest in Investment Schemes via FinSukh.com?

FinSukh.com has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:

1. Tell us what you are looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any

Why to invest in Investment Schemes with FinSukh.com?

• Instant investment solution within few minutes
• Huge Network of Local Advisors
• Lowest Price Guaranteed
• Guaranteed Claim Assistance
• No Commission for matching Advisor
• 24*7 Online Digital Support

Just give us your name, phone number, and email address. We'll help you get started in minutes!

This plan is a whole life plan which provides continuous guaranteed income @ 8% of SA after the chosen period (accumulation period). The accumulation period can be chosen from 15, 20, 25 and 30 years. Once premium paying completed, 8% of the sum assured will be paid to the policyholder till he survives or till the policy anniversary (100 years) prior to maturity, whichever is earlier.

This plan is very useful for the person who is looking for regular income (pension) after certain age or term.

LIC Jeevan Umang is a conventional, with-profit, non-linked endowment plan that comes with complete life insurance coverage for whole life. The policy provides risk coverage at regular payment from the end of the premium payment term until the date of survival of insured

Highlights of LIC Jeevan Umang Plan

• Jeevan Umang plan is a blessing as it offers insurance coverage for the entire life i.e. for 100 years.
• Guaranteed 8% of the Sum Assured is paid every year as money back on survival at the end of the policy term.
• Best LIC Plan for the person who wants to fix guaranteed pension amount after certain time
• This Plan is non linked with the Market
• The scheme guarantees risk coverage for full Sum Assured from day one of policy.
• The Premium Payment term can be chosen as 15,20,25 or 30 years
• In case of death of insured any time during the policy term, nominee will get full Sum assured and bonus along with FAB, if any.
• The minimum sum assured is Rs 200000 with no maximum limit
• This policy can be taken from 90 days completed to 55 years of age
• The policy offers all premium paying mode i.e. monthly, ecs, quarterly, half yearly and yearly
• This plan offers many additional riders like Accidental Death Benefit Rider, Accidental and Disability Rider, Premium waiver benefits
• There is a Loan and Surrender facility available under this plan
• Premium paid under this policy gets tax benefits under IT act

How to invest in Investment Schemes via FinSukh.com?

FinSukh.com has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:

1. Tell us what you are looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any

Why to invest in Investment Schemes with FinSukh.com?

• Instant investment solution within few minutes
• Huge Network of Local Advisors
• Lowest Price Guaranteed
• Guaranteed Claim Assistance
• No Commission for matching Advisor
• 24*7 Online Digital Support

Just give us your name, phone number, and email address. We'll help you get started in minutes!

LIC's Aadhaar Shila Plan is one the best plan specially designed plan exclusively for female policyholders with having Aadhar card. It’s a very good plan with low premium and high risk cover with attractive returns on maturity of the policy.

It provides financial support to the family of the insured person in case of unfortunate death before maturity and a lump sum amount with full sum assured along with bonus and fab if any on the completion of policy term to the policyholder.

LIC's Aadhaar Shila Plan is a non linked saving cum protection regular premium paying plan.

Key Features of LIC's Aadhaar Shila Plan:

• This Plan is available as low as Rs. 250 Per Month
• This plan is only available for female policyholder
• This Plan is non linked, saving with insurance plan
• The scheme guarantees risk coverage for full Sum assured from day one of policy.
• The Maximum Premium payment & policy term under this policy is 20 years
• Very good plan in terms of Returns & Risk Cover
• In case of death of insured any time during the policy term, nominee will get full Sum assured and bonus along with FAB, if any.
• The minimum sum assured is Rs 75000 and Maximum is Rs. 300000
• This policy can be taken between 8 to 55 years of age
• The policy offers all premium paying mode i.e. monthly, ecs, quarterly, half yearly and yearly
• On completion of policy term, full Sum assured along with bonus and FAB if any paid to policyholder
• This plan offers Accidental Death Benefit Rider
• There is a Loan and Surrender facility available under this plan
• Premium paid under this policy gets tax benefits under IT act

How to invest in Investment Schemes via FinSukh.com?

FinSukh.com has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:

1. Tell us what you are looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any

Why to invest in Investment Schemes with FinSukh.com?

• Instant investment solution within few minutes
• Huge Network of Local Advisors
• Lowest Price Guaranteed
• Guaranteed Claim Assistance
• No Commission for matching Advisor
• 24*7 Online Digital Support

Just give us your name, phone number, and email address. We'll help you get started in minutes!

LIC's Aadhaar Stambh Plan is one the best plan specially designed plan exclusively for male policyholders with having Aadhar card. It’s a very good plan with low premium and high risk cover with attractive returns on maturity of the policy.

It provides financial support to the family of the insured person in case of unfortunate death before maturity and a lump sum amount with full sum assured along with bonus and fab if any on the completion of policy term to the policyholder.

LIC's Aadhaar Stambh Plan is a non linked saving cum protection regular premium paying plan.

Key Features of LIC's Aadhaar Stambh Plan:

• This Plan is available as low as Rs. 250 Per Month
• This plan is only available for male policyholder
• This Plan is non linked, saving with insurance plan
• The scheme guarantees risk coverage for full Sum assured from day one of policy.
• The Maximum Premium payment & policy term under this policy is 20 years
• Very good plan in terms of Returns & Risk Cover
• In case of death of insured any time during the policy term, nominee will get full Sum assured and bonus along with FAB, if any.
• The minimum sum assured is Rs 75000 and Maximum is Rs. 300000
• This policy can be taken between 8 to 55 years of age
• The policy offers all premium paying mode i.e. monthly, ecs, quarterly, half yearly and yearly
• On completion of policy term, full Sum assured along with bonus and FAB if any paid to policyholder
• This plan offers Accidental Death Benefit Rider
• There is a Loan and Surrender facility available under this plan
• Premium paid under this policy gets tax benefits under IT act

How to invest in Investment Schemes via FinSukh.com?

FinSukh.com has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:

1. Tell us what you are looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any

Why to invest in Investment Schemes with FinSukh.com?

• Instant investment solution within few minutes
• Huge Network of Local Advisors
• Lowest Price Guaranteed
• Guaranteed Claim Assistance
• No Commission for matching Advisor
• 24*7 Online Digital Support

Just give us your name, phone number, and email address. We'll help you get started in minutes!

About Jeevan Labh Plan 736
LIC Jeevan Labh 736 is a unique limited premium endowment plan—a powerhouse of savings and life protection in one. Designed for people who want guaranteed wealth creation, lifelong security, and fewer years of premium payments, Jeevan Labh stands out for its simplicity and effectiveness. Whether saving for a child’s future, marriage, or simply wanting long-term peace of mind, this plan is an ideal fit.

Why Jeevan Labh Is an Indian Favorite
•    Limited Premiums: Pay for 10, 15, or 16 years, but enjoy full coverage till 16, 21, or 25 years.
•    Flexible Term Choices: Suits early planners and mid-career earners aiming for milestone-based returns.
•    Endowment Advantage: Guaranteed maturity or death benefit—with bonuses, not market-linked.

Key Features & Plan Structure
•    Policy Type: With-profit, non-linked endowment; combines insurance with savings.
•    Minimum Entry Age: 8 years; Maximum varies (59 years for 16-year term, 54 for 21-year, 50 for 25-year policy).
•    Policy Term Options: 16, 21, or 25 years.
•    Premium Paying Term: 10, 15, or 16 years (3–10 years less than total policy term).
•    Minimum Sum Assured: Rs. 2,00,000; no upper limit (multiples of Rs. 10,000).
•    Premium Modes: Yearly, Half-Yearly, Quarterly, or Monthly via ECS.
•    Bonuses: Eligible for simple reversionary and final additional bonus during term.
•    Loan Facility: Available after 1 full premium—ensure liquidity in emergencies.
•    Surrender & Revival: Fast surrender value, revival possible within 5 years from lapse.

How Jeevan Labh 736 Works
1.    Pick your policy term and sum assured based on goals—marriage, education, retirement, or wealth creation.
2.    Pay premiums for the chosen limited term. Rest easy knowing coverage continues up to the policy’s end.
3.    On Survival (Maturity):
o    Receive Basic Sum Assured + Accrued Bonuses (annual + possible final additional bonus at maturity).
4.    On Death (during policy):
o    Nominee gets higher of Basic Sum Assured OR 7x annual premium + all accrued bonuses (minimum 105% of premiums paid).
o    Option to receive as lump sum or installments (5, 10, or 15 years).
5.    Flexibility: High sum assured rebates, frequency rebates for annual/half-yearly premiums, quick loans available.

Benefits in Action
•    Lower Commitment, Greater Rewards: Limited payment years means savings can start sooner elsewhere.
•    High Maturity Returns: With annual bonuses and possible final bonus, maturity value is often much higher than the sum assured.
•    All-Round Protection: Death benefit, maturity value, liquidity in emergencies.
•    Premium Rebates: Additional reductions for higher sum assured and annual/half-yearly payment mode.
•    Tax Savings: Premium qualifies for 80C; maturity and death payouts exempt under 10(10D).
•    Customization: Choose from extra riders—accident, disability, premium waiver—for enhanced protection.

Eligibility

Why Pick Jeevan Labh Over Other Plans?
•    Pay Less, Get More: Shorter premium term, longer coverage, greater bonus participation.
•    Flexible, Hassle-Free: Fast surrender, easy loan, renew lapsed policies in 5 years.
•    Suitable for… Salaried, business owners, parents, anyone planning for a major financial milestone.
•    No Market Risk: Profits are shared as bonuses, not affected by stock markets.

Common Questions Answered
•    Who can buy? Anyone aged 8–50/54/59 years (based on the policy term).
•    Can I opt for online purchase? Jeevan Labh is primarily sold offline through verified LIC advisors.
•    How quickly can I surrender? After paying a single year’s premium.
•    Can I get a loan? Yes—ideal for meeting financial needs without breaking the plan.

How NiveshKaro.com Helps
•    Instantly connects you with a certified, local LIC advisor who explains every benefit and helps tailor Jeevan Labh to your goals.
•    Personalized quotes, side-by-side plan comparisons, and claim assistance—all at zero commission.
•    Clarity, seamless onboarding, and guidance every step till maturity and claim settlement.

Take decisive action to build wealth and secure your family—choose LIC Jeevan Labh 736 with NiveshKaro for a smart, committed path to guaranteed prosperity and protection.

About Jeevan Lakshya
LIC’s Jeevan Lakshya 733 is a thoughtfully designed endowment plan that tackles a family’s two biggest needs—long-term savings and unwavering protection for dependents, especially children. This plan isn’t just about leaving a lump sum—its unique annual income stream ensures your loved ones have steady support should the unexpected happen, plus a handsome maturity payout for life’s milestones.
Why Indian Families Choose Jeevan Lakshya
•    Ideal for child education, marriage, and lasting peace of mind.
•    Annual payout for family support if policyholder passes away during the term.
•    Bonuses boost maturity—making it a wealth-building tool, not just an insurance policy.

Key Features & Plan Structure
•    Policy Type: Participating Endowment with income and lump sum benefits.
•    Who Can Buy: Entry age 18–50 years; maximum maturity age 65.
•    Policy Term: Flexible—13 to 25 years for personalized savings goals.
•    Premium Payment: Pay for (Policy Term - 3) years, so 3 years less than full policy duration (makes it lighter on the pocket).
•    Sum Assured: Minimum Rs. 2,00,000; multiples of Rs. 10,000; no upper ceiling.
•    Bonuses: Eligible for simple reversionary and a final additional bonus declared by LIC.
•    Accidental and Disability Rider available.

How Jeevan Lakshya 733 Works
1.    Select your sum assured and policy term—for example, for a child’s education in 20 years.
2.    Pay premiums for (term-3) years—less long-term outflow, more value.
3.    If the policyholder passes away (during term):
•   Family receives 10% of the sum assured every year from death till maturity—an annual income that continues education, monthly expenses, and life plans.
•   At maturity, they get 110% of sum assured + all accrued bonuses—providing a lump sum when needed most.
4.    If the policyholder survives till maturity:
•   Receives sum assured + bonuses (simple reversionary + final additional bonus).
5.    Loan and surrender options: Policy loans after 1 premium paid; surrender possible after one year, and paid-up value is protected.

Benefits in Detail
•    Annual Family Income: 10% of the sum assured paid each year from death till maturity (if policyholder passes away during term).
•    Maturity Amount: 110% of sum assured + all bonuses, ensuring a sizeable payout for education, marriage, or major needs.
•    Death Benefit: Not less than 105% of total premiums paid.
•    Flexible Settlement: Option to receive maturity/death benefit as regular installments (5, 10, 15 years).
•    Tax-Free: Premium qualifies for 80C deduction; maturity and death claims exempt under section 10(10D).
•    Choice of Riders: Disability, accidental death, critical illness, and more—personalize your cover.

Key Requirements & Eligibility

Why Jeevan Lakshya Makes a Difference
•    Focus on Child’s Needs: Supports education and upbringing, not just a one-time payout.
•    Shorter Premium Payment: Only (Term – 3) years, freeing up savings sooner.
•    Exceptional security and bonus-driven maturity—turning protection into future wealth.
•    Perfect for parents, salaried professionals, and anyone planning for dependents' milestones.

Common Questions Answered
•    Can I buy online? Currently, Jeevan Lakshya can only be purchased offline through a certified advisor.
•    What are the bonus benefits? Bonuses substantially increase final payouts—these are added yearly and at maturity.
•    Is loan facility available? Yes, after paying one full year’s premium.
•    How does annual income help? Ensures family doesn’t just survive, but continues to thrive with financial stability for essentials and aspirations.

How NiveshKaro.com Empowers You
•    Matches you to a trusted, local IRDA-certified LIC advisor in your own city—ready to guide, explain, and help with documentation and claims.
•    Deep plan comparison—get clarity, side-by-side quotes, and real-life benefit calculations.
•    Zero commission promise—every rupee you pay goes to your family’s safety, not middlemen.

Take action for your children’s security—choose LIC Jeevan Lakshya 733 with NiveshKaro for seamless guidance, savvy plan selection, and true family protection, all within 24 hours of reaching out.
 

It’s a single premium paid plan with the benefit of risk cover and good returns on Maturity. It is a very good investment plus insurance plan with LIC of India.

Endowment insurance plans provide coverage against risk and offer guaranteed returns that generally include the return of the insured sum and bonus amounts that can be declared each year (called reversionary bonus) and at the end of the policy (called terminal bonus). A policyholder can select the amount of coverage they want, depending on the details of the policy and for a period that suits them. Most endowment policies are available for longer periods as they help increase the overall returns that a person will earn at the end of the policy's tenure. Additionally, plans like LIC's single premium endowment policy offer substantial discounts on the premium if an investor decides to insure a larger sum.

Single Premium Endowment plans are a popular investment tool, providing an investor with assured returns and insurance coverage at the same time. Single Premium Endowment policies also provide tax benefits under the Indian Income Tax Law. An endowment plan may also have riders that increase the amount of coverage an insured has by protecting them from risks that are not covered by the main policy.

LIC Single Premium Endowment Policy Features

• It’s a single premium policy. Policyholder need to pay full premium in one time for the full term of policy.
• This one-time investment plan from LIC provides benefits and protection against premature demise
• On completion of policy term, full Sum assured along with bonus and FAB if any paid to policyholder
• In the event of death of life assured, full sum assured and accrued bonuses & FAB if any paid to nominee of the policy and policy gets terminate.
• This policy offers guaranteed surrender value after completion of 1 year
• This policy also offers Loan facility after completion of 1 year
• The minimum sum assured starts with Rs. 50000 with no upper limit.
• The minimum entry age is 90 days and the maximum is 65 years
• Tax benefit available according to IT tax laws

How to invest in Investment Schemes via FinSukh.com?

FinSukh.com has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:

1. Tell us what you are looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any

Why to invest in Investment Schemes with FinSukh.com?

• Instant investment solution within few minutes
• Huge Network of Local Advisors
• Lowest Price Guaranteed
• Guaranteed Claim Assistance
• No Commission for matching Advisor
• 24*7 Online Digital Support

Just give us your name, phone number, and email address. We'll help you get started in minutes!

About LIC’s Jeevan Anand Plan 715

LIC Jeevan Anand Plan 715 is a unique whole life endowment plan that perfectly blends lifelong protection with disciplined savings. Whether you dream of building a financial cushion or ensuring your family’s permanent security, this plan continues to support you—even after the policy matures—by providing ongoing risk cover, making it one of LIC’s most admired solutions.

Why Jeevan Anand Is Trusted by Millions
•    Non-linked, participating plan—so returns are safe and not market-dependent.
•    Earns regular bonuses—policyholders benefit from LIC’s profits.
•    Life cover does not end at maturity—ensures lifelong risk protection.

Key Features & Plan Structure
•    Policy Type: Endowment with whole life risk cover (dual benefit).
•    Who Can Buy: Entry age 18–50 years; maturity age up to 75 years.
•    Policy Term: Choose from 15 to 35 years, as per your life stage and goals.
•    Sum Assured: Minimum Rs. 2,00,000; no maximum ceiling.
•    Premium Payment: Matches your policy term; pay yearly, half-yearly, quarterly, or monthly.
•    Loan Facility: Available after 1 full premium is paid, for quick liquidity if needed.

How Jeevan Anand Plan 715 Works
1.    Start by choosing your coverage and policy term — for example, a young parent might choose a 25-year policy for long-term family security.
2.    Pay premiums as per selected mode—the premiums are affordable and can be aligned with your cash flow.
3.    On Survival (Maturity):
o    At the end of the term, you receive:

•  Basic Sum Assured

•  Accumulated simple reversionary bonuses (LIC’s annual profit share)

•  Final additional bonus (if declared)

4.    After Maturity:

•  Life cover continues, making Jeevan Anand a true whole-life plan—your family is covered for your lifetime, without paying further premiums.

5.    On the Policyholder’s Demise:

•   If during policy term: Higher of 125% of Basic Sum Assured or 7X annual premium plus bonuses is paid to nominee.

•   If after policy term: Sum Assured is again paid, even after maturity payout, securing your loved ones twice over.

Benefits in Detail
•    Dual Benefit: Lump sum + lifetime risk cover.
•    Sum Assured on Death: During policy, the higher of 125% of BSA or 7 times annual premium + bonuses, with a minimum of 105% of all premiums paid till date.
•    Tax Benefits: Premium paid eligible for Section 80C and returns under Section 10(10D).
•    Bonuses: Simple reversionary (yearly) and possible final additional bonus (at maturity/claim).
•    Liquidity: Policy loan available for emergencies.
•    Flexible Payout: Choice of receiving maturity as lump sum or in installments (settlement option).
•    Revival & Surrender: Revival possible within 5 years; surrender allowed after 2 years of premiums.

Requirements & Eligibility

What Makes LIC Jeevan Anand Stand Out?
•    Lifelong family protection (even after maturity—rare in insurance).
•    Simple, transparent participation in LIC’s legendary profitability.
•    Low risk, safe growth—ideal for Indian families seeking surety and peace of mind.
•    No upper limit on coverage—suits everyone from young earners to seasoned professionals.
•    Flexibility: Take a policy loan, surrender if emergency strikes, and revive within 5 years if forgotten.

Common Queries Answered
•  Who is it best for? Ideal for salaried, self-employed, parents, and anyone wanting both savings and life-long coverage.
•  Is the payout taxable? Most benefits are exempt (Section 10(10D)), and premiums qualify for 80C deduction.
• Can I add riders? Yes. Disability and accidental death benefits can be added at nominal cost, increasing security.
•  How do I claim? LIC’s trusted claim settlement, with required documents and NEFT for smooth payouts, ensures families are never left waiting.

How NiveshKaro.com Helps You
•   Instantly matches you to a verified LIC (IRDA-certified) advisor in your city.
•   Explains plan terms in local language, helps compare options, and supports you in each step—from buying to claims.
•  No commissions, zero brokerage—so all your money works for your security.
Action Steps
•  Fill out the quick niveshkaro.com form, and get personalized, unbiased LIC Jeevan Anand proposals, free consultation, and full claim support—all within 24 hours.
•  Secure a plan that not only grows your wealth but also gives your loved ones true, lifelong peace of mind.
 

LIC New Endowment Plan - One of the best policy by LIC India. New Endowment Plan is a must have plan as it offers many benefits to customers. It is a non-linked market life insurance policy that offers guaranteed returns along with bonus. The policy provides a great flexibility in the choice of policy term. One can choose the term of the policy from 12-35 years. It also has an extended age limit, in which it can be extended to anyone between 8-55 years and can be continued for 75 years.

The policy is entitled to regular premium payment for the entire tenure. If a policyholder survives the policy term, he will be entitled to maturity benefit, i.e. the vested simple reversionary bonus plus the sum assured along with the final additional bonus, if any.

The scheme has been referred by experts and gained popularity in the customer market as it offers attractive benefits. Here, we will discuss the plan in detail.

LIC New Endowment - Key Features

1. Full Sum Assured along with benefits is guaranteed by LC of India
2. It provides double benefit of insurance and saving along with good returns on maturity
3. LIC New Endowment Plan is a participatory traditional plan.
4. The premium is to be paid for the full term.
5. On surviving the end of the policy term, the policy pays the survivor the benefit to the policyholder
6. In case of death of the policyholder, death benefit is given to the nominee and the policy terminates
7. The policyholder can take policy for Rs. 1 Lac with no upper limit
8. The plan pays the simple reversionary bonus on maturity or death, whatever the condition along with final additional bonus if any
9. There is policy discount or rebate for high sum assured policies
10. The scheme guarantees risk coverage for full Sum assured from day one of policy
11. The insured can also avail accident death and disability benefit rider of LIC
12. There is a Loan and Surrender facility available under this plan
13. Premium paid under this policy gets tax benefits under IT act

How to invest in Investment Schemes via FinSukh.com?

FinSukh.com has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:

1. Tell us what you are looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any

Why to invest in Investment Schemes with FinSukh.com?
• Instant investment solution within few minutes
• Huge Network of Local Advisors
• Lowest Price Guaranteed
• Guaranteed Claim Assistance
• No Commission for matching Advisor
• 24*7 Online Digital Support

Just give us your name, phone number, and email address. We'll help you get started in minutes!

LIC's Jeevan Amar plan is a pure protection plan. The plan offers the flexibility to choose between two death benefit options, namely: Level Sum Insured and Increasing Sum Insured.

Under this plan, there are two premium rate categories namely (1) non-smoking rates and (2) smoking rates. Lower premium rates will also be available to female proponents.

The policyholder has the option to choose between the single, regular and limited premium payment option. The plan also offers the flexibility to choose the death benefit payment, either as a lump sum and / or in installments.

Jeevan Amar from LIC, being a pure protection plan, offers life coverage to the insured at a very affordable price and guarantees financial support for the family in the event of the unfortunate death of the policy holder during the term of the policy.

Key Features of this policy - (Table 855)

• This is a pure protection policy.
• The term of the policy is 10 to 40 years.
• This policy offers 2 categories of premium rates.
• This policy also offers flexibility to choose between 2 death benefit options.
• The low premium rate for female policyholder.
• The policyholder can choose from 3 premium payment options.
• For additional protection, riders are available upon payment of an additional premium.
• The policyholder also has the option of selecting the death benefit payment, either as a lump sum or in installments.
• The minimum sum insured is Rs 25 lakh and there is no limit to the maximum sum insured.
• You can pay the premium as regular, single, or limited.
• You can opt for a level insured sum, where the insured sum you chose will remain the same for the entire policy period.
• You can opt for a growing sum insured as well, where the death benefit will remain the same up to 5 years of the first policy period. After that, it will increase at a rate of 10% for the next 10 years (up to double the basic sum insured). As of year 16, it will remain the same, that is, twice the basic sum insured.
• Death Benefits can also be taken in 5-year, 10-year, or 15-year installments.
• Coverage up to 80 years.
• You can also opt for Accidental Rider.
• Lower rates for Non-Smokers.
• For regular premium policies, there is no surrender value as it is term life insurance.

How to invest in Investment Schemes via FinSukh.com?

FinSukh.com has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:

1. Tell us what you are looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any

Why to invest in Investment Schemes with FinSukh.com?

• Instant investment solution within few minutes
• Huge Network of Local Advisors
• Lowest Price Guaranteed
• Guaranteed Claim Assistance
• No Commission for matching Advisor
• 24*7 Online Digital Support

Just give us your name, phone number, and email address. We'll help you get started in minutes!