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LIC of India

MumbaiEst. 1956licindia.in
98.62% CSR

India's largest and oldest life insurer, trusted by over 290 million policyholders across the country.

Data reviewed: 14 July 2026

98.62%

Claim Settlement Ratio

Source: IRDAI · FY2023–24

1956

Founded

12

Products Listed

Products by LIC of India(12)

Information sourced from publicly available data and may not reflect the latest terms. Visit licindia.in for current details.

LIC of India

LIC Jeevan Amar

LIC's pure protection term plan offering a choice between level and increasing sum assured, with affordable premiums and the unmatched trust of India's largest insurer.

Term Insurance10–40 years

LIC of India

LIC New Jeevan Anand

A participating endowment plan that uniquely continues whole life cover even after the policy matures, paying maturity benefit to the policyholder plus a death cover for the rest of their life.

Endowment15–35 years

LIC of India

LIC Jeevan Umang

A whole life participating plan that pays 8% of the sum assured as annual survival benefit every year after the premium paying term ends, with the full sum assured paid on death or at age 100.

Whole LifeWhole life (till age 100)

LIC of India

LIC's Saral Jeevan Bima

A standardized, no-frills pure term insurance plan (IRDAI-mandated common format sold identically by all life insurers) that pays a lump sum to the family if the insured dies during the policy term; no survival/maturity payout.

Term Insurance5 to 40 years

LIC of India

LIC's Jeevan Labh

A limited-premium, participating (with-profit) endowment plan — pay premiums for a shorter period than coverage lasts, combining life protection with a bonus-linked lump sum on survival to maturity.

Endowment16, 21, or 25 years

LIC of India

LIC's Saral Pension

A standardized, single-premium immediate annuity plan (IRDAI-mandated common format) — pay a one-time Purchase Price and receive guaranteed annuity payments immediately for life, with the full Purchase Price returned to the nominee on death.

Pension / AnnuityWhole of life (annuity payable for the annuitant's, or last survivor's, lifetime)

LIC of India

LIC Jeevan Shanti

Pension / Annuity

LIC of India

LIC Index Plus

ULIP

LIC of India

LIC's New Endowment Plan

A non-linked, participating, individual life assurance savings plan that provides financial support to the family in case of unfortunate death of the policyholder before maturity and a lump sum amount at maturity for surviving policyholders.

Endowment12 to 35 years

LIC of India

LIC's SIIP

A unit-linked, non-participating, individual life insurance plan offering investment options alongside life cover for financial protection and market-linked returns.

ULIP10 to 25 years

LIC of India

LIC's New Jeevan Amar

A non-linked, non-participating pure term protection plan providing financial protection to the insured's family in case of unfortunate demise during the policy term, with flexible premium payment options and sum assured choices (Level Sum Assured or Increasing Sum Assured).

Term Insurance10 to 40 years

LIC of India

LIC's Nivesh Plus

A unit-linked, non-participating, single premium individual life insurance plan that offers insurance coverage along with investment opportunity in market-linked funds, with guaranteed additions added at specific policy intervals.

ULIP10 to 25 years

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