Life Insurance

Everything about Life Insurance

What is Life Insurance Policy?

In life insurance policy, the insurance company pays in case of demise of the policy holder or at the time of maturity of policy.

There are some exclusions in which case the insurer need not pay to the insured and they are previously mentioned in the contract that is signed at the time of buying the insurance. Such exclusions include suicide, war, riot etc. The insurance amount cannot be claimed in case of demise of insured caused by such exclusive events.

Life Insurance Plans

Each individual’s insurance needs and requirements are different from that of the others. Life Insurance Corporation of India (LIC) provides many different kinds of life insurance plans that give most suitable option that can fit each individual's requirement:

  1. Bima Account Plans

    Bima Account Plans
    • Bima Account 1

    • Bima Account 2

  2. Endowment Plus

    Endowment Plus
    • Endowment Plus

  3. Children Plans

    Children Plans
    • Jeevan Anurag

    • CDA Endowment Vesting At 21

    • CDA Endowment Vesting At 18

    • Jeevan Kishore

    • Child Career Plan

    • Komal Jeevan

    • Marriage Endowment Or Educational Annuity Plan

    • Jeevan Chhaya

    • Child Future Plan

  4. Plans for Handicapped Dependents

    Handicapped Dependents Plans
    • Jeevan Aadhar
    • Jeevan Vishwas
  5. Endowment Assurance Plans

    Endowment Assurance Plans
    • The Endowment Assurance Policy

    • The Endowment Assurance Policy - Limited Payment

    • Jeevan Mitra (Double Cover Endowment Plan)

    • Jeevan Mitra (Triple Cover Endowment Plan)

    • Jeevan Anand

    • New Janaraksha Plan

    • Jeevan Amrit

  6. Plans for high worth Individuals

    High Worth Individuals
    • Jeevan Shree – I

    • Jeevan Pramukh

  7. Money Back Plans

    Money Back Plans
    • The Money Back Policy – 20 Years

    • The Money Back Policy – 25 Years

    • Jeevan Surabhi – 15 Years

    • Jeevan Surabhi – 20 Years

    • Jeevan Surabhi – 25 Years

    • Bima Bachat

  8. Special Money Back Plan for Women

    Money Back Plan for Women
    • Jeevan Bharati – I

  9. Whole Life Plans

    Whole Life Plans
    • The Whole Life Policy

    • The Whole Life Policy – Limited Payment

    • The Whole Life Policy – Single Premium

    • Jeevan Anand

    • Jeevan Tarang

  10. Term Assurance Plans

    Term Assurance Plans
    • Two Year Temporary Assurance Policy

    • The Convertible Term Assurance Policy

    • Anmol Jeevan – I

    • Amulya Jeevan – I

  11. Joint Life Plan

    Jeevan Sathi
    • Jeevan Sathi

  12. Decreasing Term Assurance to cover Home Loan Repayment

    • Mortgage Redemption

In addition to above life insurance plans, LIC also provides various others plans as mentioned below.

Pension Plans

Pension Plans are individual plans that gaze into people’s future and foresee financial stability during their old age. These policies are most suited for senior citizens and those planning a secure future, so that they never give up on the best things in life.

Life Insurance Corporation of India (LIC) provides following pension plans:

  1. Pension Plans

    Pension Plans
    • Pension Plus

    • Jeevan Nidhi

    • Jeevan Akshay – VI

    • New Jeevan Dhara – I

    • New Jeevan Suraksha – I

Unit Plans

Unit plans are investment plans for those who realize the worth of hard-earned money. These plans help people see their savings yield rich benefits and help them save tax even if they don't have consistent income.

Life Insurance Corporation of India (LIC) provides following unit plans:

  1. Unit Plans

    Unit Plans
    • Samridhi Plus

    • Pension Plus

    • Endowment Plus

Special Plans

LIC’s Special Plans are not plans but opportunities that knock the door once in a lifetime. These plans are a perfect blend of insurance, investment and a lifetime of happiness.

Life Insurance Corporation of India (LIC) provides following special plans:

  1. Golden Jubilee Plan

    Jeevan Sathi
    • New Bima Gold

  2. Health Plan

    Health Plan
    • Health Protection Plus

  3. Special Plans

    Special Plans
    • Bima Nivesh 2005

    • Jeevan Saral

  4. Micro Insurance Plans

    Micro Insurance Plans
    • Jeevan Madhur

    • Jeevan Mangal

Withdrawn Plans

Life Insurance Corporation of India (LIC) provides following withdrawn plans:

  1. Withdrawn Plans

    • Jeevan Nischay

    • Wealth Plus

    • Jeevan Aastha

    • Jeevan Varsha

    • Fortune Plus

    • Health Plus

    • Market Plus – I

    • Profit Plus

    • Money Plus – I

    • Child Fortune Plus

    • Jeevan Saathi Plus