ENDOWMENT PLAN/WHOLE LIFE
Endowment plans combine savings and life insurance in one plan. You pay a fixed premium for a selected number of years and build savings for your future. At the end of the policy term, you receive money as per the plan’s terms. If something happens to you during the policy term, your family receives financial support. Some plans also offer bonuses, depending on the plan and LIC’s declarations. You can use the money for your child’s education, marriage, or other important needs. Endowment plans help you save regularly while providing financial protection for your loved ones.
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JEEVAN LABH
Save Today, Secure Tomorrow LIC Jeevan Labh is a life insurance savings plan that helps you build a fund for your future while providing life insurance protection for your family. You pay premiums for a limited number of years, and the policy provides benefits according to its terms and conditions. On completing the policy term, you receive the maturity benefit, including applicable bonuses, if any. It is suitable for individuals who want to combine long-term savings with life insurance protection and plan for future needs such as children’s education, family responsibilities, or other important life goals. Key features at a glance - Life cover: Financial protection for your family during the policy term. - Limited premium payment: Pay premiums for 10, 15, or 16 years for policy term of 16, 21 and 25 years respectively depending on the option selected. - Maturity benefit: Receive the basic sum assured along with applicable bonuses at the end of the policy term. - Flexible options: Choose a policy term of 16, 21, or 25 years, subject to eligibility.
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NEW JEEVAN SAATHI
Savings and Protection for Couples LIC New Jeevan Sathi is a joint-life savings and insurance plan designed for married couples who want to build savings and protect each other financially under one policy. The plan covers both husband and wife and offers two options: Single Premium, where you pay once, and Limited Premium, where you pay premiums for a selected number of years. It provides guaranteed additions and a maturity benefit according to the policy terms. In the Limited Premium version, future base-plan premiums are waived after the first death during the premium-paying period, helping the surviving spouse continue the policy without further base-plan premiums. This plan can help couples plan their future together while providing financial support to the surviving spouse and family. Key Benefits - Joint Life Cover: One policy covers both husband and wife. - Two Payment Options: Choose Single Premium or Limited Premium. - Guaranteed Additions: Build additional benefits according to the selected plan’s terms. - Maturity Benefit: Receive the applicable maturity amount if at least one life assured survives to maturity. - Protection for the Surviving Spouse: Benefits are payable following the first and second death according to the policy conditions. - Premium Waiver: Available in the Limited Premium version after the first death during the premium-paying term. - Loan Facility: A loan may be available, subject to policy conditions. Plan Your Future Together. Protect Each Other for Life.
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JEEVAN LAKSHYA
Secure Your Child’s Future LIC Jeevan Lakshya is a life insurance savings plan designed to help you protect your family and plan for your child’s future financial needs. A key feature of this plan is that, if the policyholder passes away during the policy term, the family receives a lumpsum amount equal to sum assured and/or additional sum assured in case of accidental death (as per riders selected by the life assured), annual income benefit equal to 10% os Sum assured, while future premiums are waived as per the plan's terms. A maturity benefit is also payable at the end of the policy term, including applicable bonuses. It can help parents plan ahead for important milestones such as their child’s education, higher studies, or other future responsibilities, even if life takes an unexpected turn. Plan for your child’s tomorrow while protecting your family today. Key features at a glance - Family protection: Benefits are provided in the event of the policyholder’s death during the policy term, subject to policy conditions. - Annual income benefit: Helps support the family financially after the policyholder’s death. - Maturity benefit: A lump sum is payable at the end of the policy term, along with applicable bonuses, if any. - Limited premium payment: Premiums are payable for three years less than the selected policy term. The policy term can range from 13 to 25 years.
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NEW ENDOWMENT
Savings with Family Protection LIC New Endowment Plan is a life insurance savings plan that helps you build savings for the future while providing financial protection to your family. You pay premiums for a selected period, and if you complete the policy term, you receive the basic sum assured along with applicable bonuses, if any. In case of the policyholder’s death during the policy term, the nominee receives the death benefit as per the policy conditions. This plan can help you prepare for future financial needs, such as children’s education, family responsibilities, or long-term savings goals. Build your savings step by step while keeping your family’s financial security in mind. Key features at a glance - Savings and life cover: Combines long-term savings with life insurance protection. - Maturity benefit: Receive the basic sum assured and applicable bonuses at the end of the policy term. - Family protection: Provides a death benefit to the nominee, subject to policy terms. - Flexible policy term: Choose from available policy terms based on your age and eligibility.
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NAV JEEVAN SHREE
Guaranteed Savings with Life Protection LIC Nav Jeevan Shree is a life insurance savings plan that helps you build a fund for your future while providing financial protection for your family. You pay premiums for a selected number of years and receive guaranteed additions as specified in the policy. You can choose a premium payment period of 6, 8, 10, 12, or 15 years, depending on the selected policy term and eligibility. At the end of the policy term, you receive the maturity benefit as per the plan’s terms. In case of the policyholder’s death during the policy term, the nominee receives the applicable death benefit. This plan can be suitable for individuals who want disciplined savings, predictable benefits, and life insurance protection without returns linked to stock market performance. Key Benefits - Guaranteed Additions: Additions are calculated according to the policy terms. - Limited Premium Payment: Pay premiums for a selected number of years rather than the entire policy term. - Life Insurance Protection: Provides financial support to your family in case of death during the policy term. - Maturity Benefit: Receive the applicable maturity amount at the end of the policy term. - Flexible Options: Choose from available premium payment terms and life cover options. - Instalment Payout Option: Choose to receive eligible death or maturity benefits in instalments, subject to policy conditions. Save with Confidence. Protect Your Family. Plan for Tomorrow.