Home LIC plans
Every active Life Insurance Corporation of India policy — 42 plans across 8 categories, with eligibility, surrender rules, premium estimates, and an opinionated take per plan.
Most people search for "LIC plan for <goal>" rather than by category. These editorial buckets group plans by intent so you don't need to know the family taxonomy first.
Endowment plans whose annual premium fits comfortably inside the ₹1.5 L §80C ceiling, with maturity proceeds tax-free under §10(10D) when the 10× SA rule is met.
Plans designed around a future lump sum — typically aligned to higher-education timelines — that pay an annual income to family on early death.
Money-back family — survival benefits at fixed intervals during the term, balance + bonuses at maturity. Useful if you'd rather see cash flows than a single lump sum.
Whole-life family — sum assured continues past the maturity year. Useful if the goal is leaving an estate rather than meeting a target lump sum.
Pension family — premiums in working years convert to a regular annuity once you retire.
Term plans pay only on death — no maturity, no bonuses. They're 8–12× cheaper than endowment for the same death benefit and are the right answer when the question is genuinely insurance.
LIC's own taxonomy — useful when you already know the family you're looking at. Each plan links through to its calculator + review.
Limited-pay endowment — pay 10/15/16 yrs, mature in 16/21/25.
Endowment + whole-life cover — SA continues after maturity.
The classic. Regular-premium savings + life cover.
Endowment with annual income to family on early death.
Pay once up front, get maturity + bonuses at the end.
Child-focused endowment with guaranteed additions.
Non-par endowment — guaranteed addition of ₹50/₹1,000 SA.
Newer participating endowment with limited-pay options.
Recent participating endowment with money-back-style payouts.
Whole-life with 8% annual income from end of premium term.
Whole-life with deferred guaranteed annual income.
Single-pay variant of Jeevan Utsav with deferred income.
High-SA money-back with guaranteed additions and survival benefits.
20-year plan with payouts at year 5/10/15 + maturity.
25-year plan with payouts at year 5/10/15/20 + maturity.
Money-back tied to a child's age milestones.
Education-focused money-back for ages 0–12 entry.
Online-only term plan, lower premiums, no agent commission.
Decreasing term cover for outstanding loans, online-only.
Loan-protection term plan for younger borrowers.
Pure protection term plan for ages 18–45.
Online term plan with single/regular/limited-pay options.
Offline term plan via agents — level or increasing SA.
IRDAI-mandated standard term plan — same features at every insurer.
Newer term plan with return-of-premium option.
Unit-linked deferred pension — corpus → annuity at vesting.
Immediate annuity — pay lump sum, get pension for life.
Deferred annuity — wait N years, then pension for life.
IRDAI-mandated standard immediate annuity plan.
Newer immediate-annuity option set with multiple payout modes.
ULIP linked to NIFTY/SENSEX index funds. Market risk applies.
Single-premium ULIP with multiple fund choices.
Systematic Investment Insurance Plan — regular-premium ULIP.
ULIP weighted toward protection over wealth-creation.
Low-SA micro-insurance plan for the rural / EWS segment.
Doubles SA on accidental death. Add-on, not standalone.
Future premiums waived on proposer's death. For child plans.
Lump sum on accidental death; instalments on permanent disability.
Adds pure-term cover on top of a base savings plan.
Accidental death benefit add-on for ULIP / unit-linked plans.
Lump sum on diagnosis of listed critical illnesses.
Critical illness rider scoped to female-specific conditions.
Last updated · site changelog