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Compare Insurance Products

Select up to three products for a detailed side-by-side comparison. Differences are highlighted automatically.

PRODUCT A

Term Insurance · 10–40 years

PRODUCT B

Endowment · 15–35 years

PRODUCT C

LIC of India

LIC Jeevan Amar

LIC of India

LIC New Jeevan Anand

CategoryDIFF

Term Insurance

Endowment

Company

LIC of India

LIC of India

Entry AgeDIFF

18–65 years

18–50 years

Policy TermDIFF

10–40 years

15–35 years

Premium Paying TermDIFF

Regular Pay / Limited Pay / Single Pay

Equal to policy term

Premium Modes

Monthly, Quarterly, Half-yearly, Annually

Monthly, Quarterly, Half-yearly, Annually

Death BenefitDIFF

Level sum assured or increasing sum assured (10% rise every 5 years). Paid as lump sum or income.

Basic sum assured + vested simple reversionary bonuses + final additional bonus (if any).

Maturity BenefitDIFF

No maturity benefit — pure term plan.

Basic sum assured + vested simple reversionary bonuses + final additional bonus. Whole life cover continues post maturity.

Tax BenefitsDIFF

Section 80C on premiums. Death benefit fully exempt under Section 10(10D).

Section 80C on premiums; maturity and death proceeds exempt under 10(10D).

Loan FacilityDIFF

Not available under this plan.

Available after 3 full premium-paying years, up to 90% of surrender value.

Free Look PeriodDIFF

15 days (30 days for online purchases).

15 days from receipt of policy document.

Riders Available
Accidental Death and Disability Benefit Rider
New Term Assurance Rider
Accidental Death and Disability Benefit Rider
Critical Illness Rider