Life Insurance of India Products

Products:

LIC has categorized its products into various groups:

Insurance Plans
Pension Plans
Unit Plans
Special Plans
Group Scheme

Insurance Plans:

LIC understands that each individual is different from others and also their needs and requirements are not the same. This applies even to their insurance and other financial needs. LIC as such has designed various products which can be customised according to individual's needs and helps the policy holders to choose the best product for themselves. Under individual plans further sub categories have been created.

A-Children Plans:

LIC-Jeevan Anurag
LIC-CDA Endowment Vesting At 21
LIC-CDA Endowment Vesting At 18
LIC-Jeevan Kishore
LIC-Child Career Plan
LIC-Marriage Endowment Or
LIC-Educational Annuity Plan
LIC-Komal Jeevan
LIC-Jeevan Chhaya
LIC-Child Future Plan

B-Plans For handicapped Dependents

LICJeevan Aadhar
LICJeevan Vishwas

C-Endowment Assurance Plans:

LIC-The Endowment Assurance Policy
LIC-The Endowment Assurance Policy-Limited Payment
LIC-Jeevan Mitra(Double Cover Endowment Plan)
LIC-Jeevan Mitra(Triple Cover Endowment Plan)
LIC-Jeevan Anand
LIC-New Janaraksha Plan
LIC-Jeevan Amrit

D-Plans for high worth individuals

LIC-Jeevan Shree-I
LIC-Jeevan Pramukh

E-Money Back Plans

LIC-The Money Back Policy-20 Years
LIC-The Money Back Policy-25 Years
LIC-Jeevan Surabhi-15 Years
LIC-Jeevan Surabhi-20 Years
LIC-Jeevan Surabhi-25 Years
LIC-Bima Bachat

F-Special Money Back Plan For Women
LIC-Jeevan Bharati

G-Whole Life Plan

LIC-The Whole Life Policy
LIC-The Whole Life Policy- Limited Payment
LIC-The Whole Life Policy- Single Premium
LIC-Jeevan Anand
LIC-Jeevan Tarang

H-Term Assurance Plans

LIC-Two Year Temporary Assurance Policy
LIC-The Convertible Term Assurance Policy
LIC-Anmol Jeevan-I
LIC-Amulya Jeevan (Closed)

I-Joint life Plan

LIC-Jeevan Saathi

J-Decreasing Term Assurance To cover Home Loan Payment

LIC-Mortgage Redemption

Pension Plans:

Pension Plans helps in providing financial security to an individaul after his retirement so that they are able to lead the same standard of life and that too without any tension.

LIC-Jeevan Nidhi
LIC-Jeevan Akshay-V
LIC-New Jeevan Dhara-I
LIC-New Jeevan Suraksha-I

Unit Plans:

Unit plans are meant for those people who aim to earn a good return on their investments and also reap the benefits of an insurance cover. It also helps in getting tax benefit on the invested sum.

LIC-Market Plus (Closed for Sale)
LIC-Profit Plus
LIC-Fortune Plus

Special Plans:

LIC’s Special Plans are not plans but once in a lifetime opportunities that knocks on the door not very often. These plans are a perfect combination of insurance and investment and provides happiness for the lifetime.

LIC-Special Plans
LIC-Bima Nivesh 2005
LIC-Jeevan Saral
LIC-Jeevan Madhur
LIC-Health Plus
LIC-Golden Jubilee Plans
LIC-New Bima Gold

Group Scheme:

Group Insurance Scheme is life insurance protection to groups of people and are ideal for employers, associations, societies etc. and allows to insurance benefits at really low costs. This helps the employers to provide protection to employess as well their family so that they are able to work in the tension free environment.

LIC-Group Term Insurance Schemes
LIC-Group Insurance Scheme in Lieu Of EDLI
LIC-Group Gratuity Scheme
LIC-Group Super Annuation Scheme
LIC-Group Savings Linked Insurance Scheme
LIC-Group Leave Encashment Scheme
LIC-Group Mortgage Redemption Assurance Scheme
LIC-Gratuity Plus
LIC-Group Critical Illness Rider
LIC-Social Security Scheme
LIC-Jana Shree Bima Yojana
LIC-Shiksha Shahyog Yojana
LIC-Aam Admi Bima Yojana