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Lic Insurance Plans

For list of Lic Premium calculators click on  Lic Premium Calculator 


Term Insurance:-

Term insurance plan is the most basic plan and simplest form of insurance offered by the life insurance industry. In this Term insurance plan the life insurance company promises to pay a specified amount (sum insured or death benefit ) if the insured dies during the Term of the plan. If the life insured survives he entire duration of the plan then they will not be entitled to anything, meaning that there is no maturity benefit with such policies.
So in short, Term insurance plan offers only death cover in the event of the death of the life insured during the period of the plan.
Plans Under Term Insurance:-

  1. LIC’s Anmol Jeevan II

  2. LIC’s Amulya Jeevan II



Whole Life Insurance:-

A term insurance plan with an unspecified period is called a whole life plan. Some plans also have a savings element to them. The insurance company declared bonuses for these plans based on the returns earned on investments.

As the name of the plan specifies, this plan covers the individual throughout their entire life.


Plans Under Whole Life Insurance:-


Yet to be Released



Endowment Insurance:-

An endowment insurance plan is basically a combination of a term insurance plan and a pure endowment plan. It offers death cover if the life insured dies during the term of the policy or survival benefit if the life insured survives until the maturity of the policy. 

Plans Under Endowment  Insurance:-

  1. Single Premium Endowment Plan

  2. New Endowment Plan

  3. New Jeevan Anand



Child Insurance:-

Child insurance plans help parents to save for their Children’s Future Financial needs such as education, marriage etc.

Child insurance plans offer the dual benefit of savings along with insurance.


Plans Under Child Insurance


Yet to be Released



Money Back Insurance:-

  • Money back insurance plans combine the dual benefits of savings and insurance, and are somewhat similar to endowment plans in terms of features.
  • In endowment plan, the policyholder receives the maturity benefit at the end of the policy term.
  • However, in money back insurance plans/policies ‘partial survival benefits’ are paid to the policyholder during the term of the policy at specific intervals.


Plans Under Money Back Insurance





Pension Plans:-

An annuity is a series of regular payments from an annuity provider (insurance company) to an individual (called the annuitant) in return for a lump sum (purchase price) or installment premiums for a specified number of years.

According to the manner in which the purchase price is paid, annuities can be either:

  • An immediate annuity
  • A deferred annuity


Plans Under Pension Plan

  1. Jeevan Akshay-VI

  2. LIC’s New Jeevan Nidhi



Health Insurance:-

A Health insurance plan is mandatory for everyone in this present world. Present days one of the  highest expense of individual is medical and hospital bills. Lic released health insurance plans by paying little amount of 2000 to 3000 he can cover his life. main difference between general insurance health plans and lic health plan is in lic health plans in single policy you can include your parents,grandparents, children,wife.


Plans Under Health Insurance:-





The ULIP is a type of insurance plan where the cash value of a policy varies according to the current NAV of underlying investment assets.

ULIPS Separate the two element viz., Savings and Insurance within the same product and manage them separately.

Plans Under ULIPS:-

  1. LIC’s

  2. LIC’s



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Hi friends, Here you can get knowledge on life insurance policies mainly insurance policies provided by LIC of india
 Lic Insurance Plans

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    POLICY NO904005633.PREMIUM.510

  2. rajesh

    Can any one please clarify my doubts on LIC New Jeevan anand and basic knowledge on Income tax.

    1. what is Sum assured rebate? what is different between premium rebate and SA rebate? i am planning to open policy for 10 lakhs , how much rebate will i get when and where ?

    2. to my knowledge the total premium pay per year can be shown under 80C for Tax exemption right?, in addition to this my LIC agent told we that i can SAVE TAX Rs 16400/ under Sec. 80 CCE against every premium paid , can any one please tell me clearly about this i am totally unaware about this 80CCE what is dif. bet 80C and 80CCE?

    3. How to clime rebate on insurance premoum payed under Sec. 88 Income Tax? is it possible for me to clime ?

    Thanks for reading my message.

  3. prabhakar korla

    dear sir
    this is my lic policy no:697133689. how to check my policy status and how to create login
    my preium amount 5826/-
    prabhakar k

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