LIC Life Insurance Corporation of India complete information and plan details 2025 |

 Life Insurance Corporation of India (LIC

Life Insurance Corporation of India (LIC) is the largest government-owned life insurance and investment corporation in India. It offers a wide range of policies to cater to the diverse needs of its customers. Here are three notable plans offered by LIC:

1. LIC Jeevan Anand

   • Plan Type: Endowment Plan
   • Features:
     • Combines the benefits of endowment and whole life policies.
     • Provides financial protection against death throughout the lifetime of the policyholder with the provision of lump sum payment at the end of the selected policy term in case of survival.
     • Offers bonus facility.
   • Benefits:
     • Sum Assured on Death along with vested bonuses.
     • Maturity Benefit includes Sum Assured on Maturity along with vested bonuses.
     • Optional riders available for enhanced protection.

2. LIC Jeevan Labh

   • Plan Type: Limited Premium Paying Endowment Plan
   • Features:
     • Limited premium payment term options.
     • Provides a combination of protection and savings.
     • Suitable for funding children's education, marriage, or purchasing property.
   • Benefits:
     • Death Benefit includes Sum Assured on Death along with vested bonuses.
     • Maturity Benefit comprises Sum Assured on Maturity along with vested bonuses.
     • Loan facility available against the policy.

3. LIC New Children's Money Back Plan

   • Plan Type: Money Back Plan for Children
   • Features:
     • Designed to meet the educational and other needs of growing children.
     • Provides survival benefits at specified durations to meet financial needs.
     • Risk cover starts after the policy anniversary coinciding with or immediately following the completion of 8 years of age or 2 years from the date of commencement of the policy, whichever is later.
   • Benefits:
     • Survival Benefits: 20% of the Basic Sum Assured on each occasion at the age of 18, 20, and 22 years.
     • Maturity Benefit: 40% of the Basic Sum Assured along with vested bonuses at the age of 25 years.
     • Death Benefit includes Sum Assured on Death along with vested bonuses.

These plans are designed to provide financial security and meet various life stage requirements of policyholders. For more detailed information and personalized advice, it's recommended to consult with an LIC advisor or visit the official LIC website.