Complete Full Details of LIC Policy List

LIC Policy List by Category

Looking for a LIC plan but confused with so many options? Don’t worry—we’ve got you covered. Here’s a simple breakdown of some of LIC’s most popular life insurance policies. Whether you’re looking for savings, protection, or pension plans, you’ll find something that fits your needs right here.

 1. LIC SIIP – Smart Investment, Smarter Insurance

LIC’s SIIP is a ULIP (Unit Linked Insurance Plan) that gives you the best of both worlds—investment + life cover. You can pay monthly, quarterly, half-yearly, or yearly. And based on your age:

• If you’re below 55, you get 10x your annual premium as life cover.

• If you’re 55 or older, it’s 7x.

Key features:

• Choose from 4 fund types: Bond, Secured, Balanced & Growth.

• Death benefit = fund value to nominee.

• Maturity benefit + return of mortality charges.

• Partial withdrawal, fund switching, and guaranteed additions.

2. LIC Index Plus – Invest with Market Growth

LIC Index Plus lets you invest smartly while being protected with insurance. It’s a ULIP plan too and offers:

• 4 fund options for investing.

• Regular or single premium payments.

• Guaranteed additions at different policy stages.

• Death benefit and maturity payout.

• Withdrawals possible after 5 years.

Plus, you get a free-look period and an accidental death benefit option.

 3. LIC New Pension Plus – Secure Your Retirement

If you want a stress-free retirement, this one’s for you. The New Pension Plus plan is a market-linked pension plan that lets you:

• Invest through regular or one-time premium.

• Get retirement income for life.

• Choose from multiple funds.

• Make partial withdrawals and switch funds.

• Enjoy guaranteed additions.

No upper limit on premium and the plan stays active even with missed payments.

4. LIC New Jeevan Amar – Pure Protection Plan

A true term plan focused on just one thing—security. LIC’s New Jeevan Amar is:

• A pure offline term insurance.

• Offers Level Sum Assured or Increasing Sum Assured.

• Ideal for those who want high life cover at low cost.

• Women get special premium rates.

• Accidental death rider available.

No savings/maturity value, but great for protecting your loved ones.

5. LIC New Jeevan Anand – Combo of Protection + Savings

One of LIC’s all-time favourite plans. New Jeevan Anand gives you:

• Life cover + savings in one.

• Coverage continues even after maturity!

• Bonus + maturity benefit.

• Minimum Sum Assured: ₹1 lakh (no upper limit).

• 125% death benefit.

It’s a long-term plan (15–35 years), perfect for building wealth and securing family needs.

6. LIC Jeevan Labh – High Benefits, Limited Pay

Looking for short-term payment and long-term gain? Go for Jeevan Labh:

• Pay for 10, 15, or 16 years only.

• Get life cover + maturity bonus.

• 10x annual premium death benefit.

• At least 105% of premiums returned if death occurs.

You also get accidental benefit options and LIC’s bonus participation.

7. LIC Jeevan Umang – Income Till Age 100

A unique plan offering yearly income + lifetime cover:

• Get regular payouts every year after the premium term.

• Get lump sum maturity benefit at the end of term.

• Great for retirement income planning.

• Loan facility available.

• Accidental death benefit rider optional.

This plan helps you enjoy your later years stress-free.

 8. LIC Jeevan Utsav – Celebrating Lifelong Protection

Want lifelong income + protection? Jeevan Utsav gives:

• Life insurance till age 100.

• Choose yearly income or lump sum payout.

• Riders available.

• Great for people who want consistent income and legacy protection.

Simple, powerful, and full of life!

9. LIC New Jeevan Shanti – One-Time Investment for Lifelong Pension

This is for those planning their retirement smartly. It’s an annuity plan, meaning:

• Pay once, get income for life.

• Choose single life or joint life.

• No age limit.

• Surrender after 3 months possible.

Perfect for retired people, senior citizens, or anyone looking for steady income in old age.

LIC Riders – Extra Protection You Can Add

You can customize your LIC plan with the following add-on riders:

• Linked Accidental Death Rider: Extra payout if death is due to an accident.

• Accidental Death & Disability Rider: Covers both accidental death and disability.

• Premium Waiver Rider: Stops premium payment in case of disability or death, without stopping benefits.

• Critical Illness Rider: Pays a lump sum if you’re diagnosed with certain serious illnesses.

• Term Assurance Rider: Adds extra death benefit.

• Auto-Cover Rider: Keeps your policy active even if you miss payments due to valid reasons.