Print this Page

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

  1. LIC’s NEW MONEY BACK PLAN – 20 YEARS

  2. LIC’s NEW MONEY BACK PLAN – 25 YEARS

  3. LIC’s NEW BIMA BACHAT

 

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:-

  1. LIC’s JEEVAN AROGYA

 

 

ULIPS:-

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

 

 

The following two tabs change content below.
 Lic Insurance Plans
Hi friends, Here you can get knowledge on life insurance policies mainly insurance policies provided by LIC of india

Permanent link to this article: http://www.lic24.in/

13 comments

Skip to comment form

  1. RUPESH.KUMAR.THAKUR

    POLICY NO904005633.PREMIUM.510

  2. rajesh

    HI
    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/-
    Regards
    prabhakar k
    9752425642

  4. pradip

    How am I seeking that my policy running or not?

  5. ramandeep kaur

    Plzz tell me about pension plan if my date of birth is in 1989 I want to pay 33 years what amount I will get at the last and what is premium which after my death???

    1. vijay kumar

      Check LIC jeevan Anand Retire and enjoy plan Retire and enjoy

    2. ram jaiswar

      please try to meet me. i will suggest you.

  6. ramandeep kaur

    My amount is 5000 thousand per month…. And also I want to know that if we want to create new policy… The agent demand from me my old policies numbers… U think I give or not????

    1. vijay kumar

      you have to give old policies details also then only then can do financial underwriting where they check whether they can give that much insurance coverage or not. till then how much insurance coverage he has how much we can give all those details related to financial underwriting. 25 times of annual income we can give insurance coverage

  7. Anonymous

    Hi, Can you pls confirm;
    How much does a person need Insurance in your words?

    1. vijay kumar

      It is based on ones financial position and amount of retirement they expecting per month

  8. shihabudheen

    hiii how are u sir .
    i call many time trissur branch number 4872429320 but nobody reciving call
    i want know about my policy 778255000 amount 39215 plss in form me next payment date
    thank u

    1. vijay kumar

      Have you registered your policy online. if not please register your policy to get all details regarding your policy

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Advertise With Lic24

If you are Interested to Advertise in our site Please Contact Me at  09949166522 or Mail to vijayp4you@gmail.com The following two tabs change content below.BioLatest Posts vijay kumar Hi friends, Here you can get knowledge on life insurance policies mainly insurance policies provided by LIC of india Latest posts by vijay kumar (see all) Lic Bima …

Read more

Lic Bima Bachat Policy Premium Calculator with Benefit illustration

Lic Bima Bachat Policy Premium Calculator with Benefit illustration

Lic Bima Bachat Policy Premium Calculator  Plan No 816 Lic Bima Bachat is a Money Back Plan. In this plan survival benefits paid on every 3rd year based on policy term . On maturity Policyholder Receives sum assured plus Loyalty Bonus.   Lic Bima Bachat Policy Premium Calculator Parameters    Age must be between 15 to 60 …

Read more

Lic Money Back 25 years Policy Premium Calculator with Benefit illustration

Lic Money Back 25 years Policy Premium Calculator with Benefit illustration

Lic Money Back 25 years Policy Premium Calculator Plan No 821     Lic Money Back 25 years is a Money Back Plan. In this plan survival benefits paid on 5th,10th, 15th and 20th years. Policy Premium Paying term is 20 years. On maturity Policyholder Receives 40% sum assured plus Loyalty Bonus.   Lic Money …

Read more

Lic Money Back 20 years Policy Premium Calculator with Benefit illustration

Lic Money Back 20 years Policy Premium Calculator with Benefit illustration

Lic Money Back 20 years Policy Premium Calculator Plan No 820   Lic Money Back 20 years is a Money Back Plan. In this plan survival benefits paid on 5th,10th and 15th years. Policy Premium Paying term is 15 years. On maturity Policyholder Receives 40% sum assured plus Loyalty Bonus.   Lic Money Back 20 years Policy …

Read more

lic single premium endowment policy premium calculator

Lic Single Premium Endowment Policy Premium Calculator with Benefit illustration

Lic Single Premium Endowment Policy Premium Calculator  Plan No 817   Lic Single Premium Endowment Policy is a one time premium payment policy. In this plan we can pay all premiums amount at a time. Bonus also very High. It is a conventional plan with profits. For more details check Lic Single Premium Endowment Policy …

Read more

lic new endowment premium calculator with benefit illustration

Lic New Endowment Policy Premium Calculator With Benefit illustration

Lic New Endowment Policy Premium Calculator With Benefit illustration Plan No 814   Lic New Endowment Policy is a regular premium paying policy. Lic Endowment Policy covers life till the end of the policy term. Lic New Endowment Policy also provides amount if policy holder alive after the term of the policy. For More details about …

Read more

lic amulya jeevan 2 premium calculator with benefit illustration

Lic Amulya Jeevan Premium Calculator With Benefit illustration

Lic Amulya jeevan Premium calculator Plan No 823       Lic Amulya Jeevan 2 is a Pure term insurance plan. No maturity Amount in amulya jeevan 2 plan. Only Death benefit available. If death occurs naturally or  accident also lic covers in amulya jeevan 2 plan. Amulya Jeevan 2 is a Very Low Premium and …

Read more

jeevan anand premium calculator with benefit illustrtaion

Lic Jeevan Anand Premium calculator with Benefit illustration

Lic Jeevan Anand Premium calculator Plan No 815   Lic Jeevan Anand  is a combination of Endowment Plan with whole life insurance. In this plan Policyholder receive money at the time of maturity. Again nominee get Death sum assured Amount at the time of death of the Policyholder after maturity Period.    For more details about …

Read more

lic anmol jeevan 2 premium calculator with benefit illustration

Lic Anmol Jeevan 2 Premium calculator with Benefit illsutration

Lic Anmol Jeevan 2 Premium calculator Plan No 822     Lic Anmol Jeevan 2 is a Pure term insurance plan. No maturity Amount in anmol jeevan 2 plan. Only Death benefit available. IF death occurs naturally or  accident also lic covers in anmol jeevan 2 plan. Anmol Jeevan 2 is a Very Low Premium …

Read more

Lic Akshay Anand Combination Plan

Lic Akshay Anand Combination Plan  Lic Jeevan Akshay and Jeevan Anand Combination Plan     Introduction : Lic Akshay Anand Package Policy is a combination of Lic Jeevan Akshay and Lic Jeevan Anand Plans.  In Akshay Anand Policy Customer gets High Returns and High Insurance Coverage. we can also use it as Retirement Plan.    Akshay …

Read more

Optimization WordPress Plugins & Solutions by W3 EDGE