Best LIC Plans in India
Secure your future and protect your loved ones with the best LIC plans in India. Explore top LIC policies offering life cover, savings, and investment benefits in 2025.
Life is a precious gift which needs to be cherished and protected. In this world of mortals, death is inevitable, but there are ways to soften this blow, ensuring that the life of our loved ones is not affected if something happens to us.
Life insurance is perhaps the best way to protect not only yourself, but also your near and dear, and life insurance in India is often synonymous with LIC. The largest insurance provider in the country, LIC offers a range of schemes to meet your requirement, with each plan catering to different needs. Choosing the right policy can be hard, but it is crucial that one spends some time to figure out what is needed, ensuring that he/she can lead a peaceful life.
Best LIC Plans in India in 2025
Here are some of the top LIC plans to choose in 2025:
LIC SIIP: The LIC SIIP is a unit-linked insurance plan that provides insurance and investment coverage during the policy's duration. Four different types of investment funds are offered under this plan.
Minimum Entry Age | 90 days (completed) |
Maximum Entry Age | 65 years |
Minimum Maturity Age | 18 years (completed) |
Maximum Maturity Age | 85 years |
Premium Payment Term | 10 to 25 years |
Premium Payment Mode |
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Policy Term | 10 to 25 years |
Rider Benefit | Linked Accidental Death Benefit Rider |
LIC Jeevan Labh: The LIC Jeevan Labh is a traditional savings plan that combines the benefits of insurance coverage and savings. In the event of the policyholder’s unfortunate demise, the plan offers financial assistance to the family members.
Minimum Entry Age | 8 years (completed) |
Maximum Entry Age | 59 years (for Policy Term of 16 years) |
Maximum Maturity Age | 75 years |
Premium Payment Term | 10 years, 15 years, and 16 years |
Premium Payment Mode |
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Policy Term | 16 years, 21 years, and 25 years |
Rider Benefit |
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Minimum Basic Sum Assured | Rs.2 lakh |
Maximum Basic Sum Assured | No limit |
LIC Dhan Rekha: LIC Dhan Rekha, a money back plan offers financial assistance to the policyholder's family in the event of the policyholder's untimely death during the policy period. It combines the benefits of protection and savings and also provides a loan facility
Minimum Entry Age | 8 years (completed) for Policy Term of 20 years |
Maximum Entry Age | Single Premium: 60 years for Policy Term of 20 years |
Minimum Maturity Age | 28 years (completed) for Policy Term of 20 years |
Maximum Maturity Age | Single Premium: 80 years |
Premium Payment Term | Limited Premium: 10 years for Policy Term of 20 years |
Premium Payment Mode |
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Policy Term | 20 years, 30 years, and 40 years |
Rider Benefit |
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Minimum Basic Sum Assured | Rs.2 lakh |
Maximum Basic Sum Assured | No limit |
LIC Jeevan Umang: The LIC Jeevan Umang is a whole life plan that provides your family with both income and protection. It offers annual survival benefits starting at the end of the premium-paying term until maturity.
Minimum Entry Age | 90 days (completed) |
Maximum Entry Age | 55 years |
Maximum Maturity Age | 100 years |
Premium Payment Term | 15 years, 20 years, 25 years, and 30 years |
Premium Payment Mode |
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Policy Term | (100 – entry age) years |
Rider Benefit |
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Minimum Basic Sum Assured | Rs.2 lakh |
Maximum Basic Sum Assured | No limit |
LIC New Jeevan Anand: LIC New Jeevan Anand, an endowment plan guarantees financial security to the insured's family in the event of the insured's untimely death. It also pays a maturity benefit to the insured on surviving until the end of the policy term.
Minimum Entry Age | 18 years (completed) |
Maximum Entry Age | 50 years |
Maximum Maturity Age | 75 years |
Premium Payment Mode |
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Minimum Policy Term | 15 years |
Maximum Policy Term | 35 years |
Rider Benefit |
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Minimum Basic Sum Assured | Rs.1 lakh |
Maximum Basic Sum Assured | No limit |
LIC New Tech Term: The LIC New Tech Term plan is an online term assurance plan that offers financial security to the insured's family in the event of the insured's untimely death. Under this plan, two benefit options are offered - Level Sum Assured and Increasing Sum Assured.
Minimum Entry Age | 18 years |
Maximum Entry Age | 65 years |
Maximum Maturity Age | 80 years |
Premium Payment Mode |
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Policy Term | 10 years to 40 years |
Premium Payment Term | Regular Premium: 10 years to 40 years |
Rider Benefit | Accident Benefit Rider |
Minimum Basic Sum Assured | Rs.50 lakh |
Maximum Basic Sum Assured | No limit |
FAQs on Best LIC Plans in India
- Is it a good idea to invest in an LIC plan?
Yes, LIC provides life insurance policies that are tailored to the specific needs of its customers. The company is supported by the Indian government which makes it a reliable insurance provider.
- Do I have to pay any fees for LIC’s using e-Services?
No, you do not have to pay any fees for LIC’s using e-Services.
- Should I invest in the LIC Jeevan Labh policy?
Yes, the LIC Jeevan Labh policy provides maturity and death benefits as well as an additional profit-sharing bonus. This policy offers the insured a multitude of benefits as well as versatile features.
- How can I calculate the LIC maturity amount?
The calculation of the maturity amount is done as follows: Basic Sum Assured + Bonuses + Final Additional Bonus (if any).
- What is the best 5-year LIC policy?
Some of the top 5-year LIC policies include LIC’s Dhan Sanchay, LIC Saral Jeevan Bima, and LIC Bhagya Lakshmi Plan.
- Can I pay my LIC premium online?
Yes, you can pay your LIC premiums online.
- How can I check the policy status of my LIC term insurance plan?
If you are an online registered user, you can log in to the e-portal to check the policy status. You can also check the policy status by visiting the nearest LIC branch.
- Can I purchase an LIC policy online?
Yes, you can purchase an LIC policy online by visiting the official website of LIC.
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