As individuals are inherent to differ. Each individual\’s insurance needs and requirements are different from that of the others. LIC\’s Insurance Plans are policies that talk to you individually and give you the most suitable suggestions that can fit with your requirement.

What is Life Insurance Policy?

A life insurance policy is an agreement between an insurance company and a policyholder, where the life insurer promises to pay a fixed amount of money in return for a premium, after a set time period or upon the life assured’s death.

There are two simple types of life insurance policies:

1. Pure Protection plan i.e., Term Insurance Plan

2. Savings Plan

Pure Protection plans are specifically designed to protect the future of your family by providing a lump sum payment, in case of your absence. Whereas a savings plan is a financial product that helps in planning long-term goals like buying a home, fees for children’s higher education, and more while providing life coverage benefits.

.

INVESTMENT PLANS

.

• Market Linked Systematic Investment Plan (ULIP)

Unit linked investment plans (ULIPs) are unique market-linked life insurance plans that provide dual benefits of wealth creation through investments (in equity, debt or both) and a life insurance cover. High performing ULIPs have shown 15-20% returns (tax free), making it a popular choice for medium to long term investors.

.

• Guaranteed Return Plan (Endowment Policy)

A guaranteed high return with a life cover, is what an endowment plan offers. These are the preferred investment option for someone looking for a fixed lump sum as maturity after a specific duration. With a life cover benefit on death event and better returns than other fixed investment plans, makes these plans a must have inclusion in the investment portfolio.

.

• Retirement Plans

These are long-term investment plans which offer opportunities to get a stable post retirement income. During the investment period, a premium amount is paid at regular intervals which accumulates & grows. The maturity amount is then paid back post retirement based on the preference in-terms of lump sum or regular income.

.

• Child Plan

These plans are designed to enable financial security for children where the returns on the investment helps fulfil a child\’s future needs like education. Child plans specifically ensures these remain intact even in your absence by providing life cover to the nominee & funding the balance premiums through the insurer thus ensuring the a secured future of the child

Life Insurance Plan

While you take all the required measures to take care of the emotional needs of your family members, it\’s important to consider financial needs too. A life insurance plan takes care of the financial needs of your loved ones in case of your unexpected demise. The benefits received from life insurance can help pay off debts, meet expenses and achieve life goals. However, before you buy a life insurance plan, make sure to analyses your financial needs to choose the right coverage amount.

Sr. No.	Product Name	Plan No.	UIN No.
1	LIC\’s Bima Jyoti	860	512N339V02
2	LIC\’s Bima Ratna	864	512N345V01
3	LIC\’s Dhan Sanchay	865	512N346V01
4	LIC\’s New Endowment Plan	914	512N277V02
5	LIC\’s New Jeevan Anand	915	512N279V02
6	LIC\’s Single Premium Endowment Plan	917	512N283V02
7	LIC\’s Jeevan Lakshya	933	512N297V02
8	LIC\’s Jeevan Labh	936	512N304V02
9	LIC\’s Aadhaar Stambh	943	512N310V03
10	LIC\’s Aadhaar Shila	944	512N309V03

Whole Life Plans

Sr. No.	Product Name	Plan No.	UIN No.
1	LICs Jeevan Umang	945	512N312V02

Money Back Plans

Sr. No.	Product Name	Plan No.	UIN No.
1	LIC\’s Dhan Rekha	863	512N343V01
2	LIC\’s New Bima Bachat	916	512N284V02
3	LIC\’s NEW MONEY BACK PLAN – 20 YEARS	920	512N280V02
4	LIC’s NEW MONEY BACK PLAN – 25 YEARS	921	512N278V02
5	LICs Jeevan Umang	945	512N312V02
6	LIC\’s NEW CHILDREN\’S MONEY BACK PLAN	932	512N296V02
7	LIC\’s Jeevan Tarun	934	512N299V02
8	LIC\’s Jeevan Shiromani	947	512N315V02
9	LIC\’s Bima Shree	948	512N316V02

Term Assurance Plans

Sr. No.	Product Name	Plan No.	UIN No.
1	LIC\’s TECH TERM	854	512N333V01
2	LIC\’s Jeevan Amar	855	512N332V01
3	LIC\’s Saral Jeevan Bima	859	512N341V01

RIDER

Sr. No.	Product Name	Plan No.	UIN No.
1	LIC\’s Linked Accidental Death Benefit Rider	–	512A211V02
2	LIC\’s Accidental Death and Disability Benefit Rider	–	512B209V02
3	LIC\’s Accident Benefit Rider	–	512B203V03
4	LIC\’s Premium Waiver Benefit Rider	–	512B204V03
5	LIC’s New Critical Illness Benefit Rider	–	512A212V02
6	LIC\’s NEW TERM ASSURANCE RIDER	–	512B210V01
7	LIC\’s Premium Waiver Benefit Rider (With Auto Cover)	–	512B205V01