• LIC Policies with Sum Assured Above 1 Crore

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    Life Insurance
    • Claim up to Rs. 1,50,000 deduction under section 80C*
    • Insurers provide online renewal of policy
    • Choose between annual and monthly premium payment options

    If you have a family whose future is your prime concern and you are someone who is looking to leave something behind for them, chances are that you will look to a life insurance policy to solve this need. The advantage that these life insurance policies bring to customers is that of providing them a choice between different types of insurance plans like endowment and term insurance plans. These plans also offer the advantage of very high sum assured that can ensure that, should something happen to you, your family’s financial future will be secure.

    LIC Insurance with high sum assured

    These are some of the plans from LIC that offer really high sum assured. They can be a mix of term insurance plans provide pure protection, endowment plans providing survival and death benefits or even pension plans that help you ensure a pleasant retirement.

    1. LIC Term insurance plans:

      Term insurance plans are traditional insurance products that offer a high sum assured for a relatively low annual premium. These plans are the ideal, cost effective, protection solutions.

      • Amulya Jeevan – I:

        This is a plan that is a term insurance plan that offers protection through high sum assured with long policy terms.

      • Amulya Jeevan – II:

        The Amulya Jeevan – II is a term insurance plan that offers no maturity benefits but does offer the entire sum assured as the death benefit.

      • E-Term:

        This is a term insurance plan that can be bought online and offers discounts on the premiums for policyholder who are not smokers.

    2. Endowment Plans:

      Endowment plans offer two types of plans, participating and non-participating plans. This means that some of the plan take part in company profits and others don’t. These plans typically offer death and

      • Single Premium Endowment Plan:

        This is an endowment plan for which the premium is paid in a single lump sum.

      • New Endowment Plan:

        The New Endowment Plan is an endowment life insurance policy where the insurance cover chosen can easily be past Rs. 1 crore.

      • New Jeevan Anand:

        This is an endowment scheme that offers discounts on the premiums if the sum assured is really high.

      • Limited Premium Endowment Plan:

        This is an endowment plan where the premiums are not paid for the duration of the policy but for a limited period only.

      • LIC’s Jeevan Lakshya:

        This is a participating endowment plan that offers high sum assured and maturity benefits for policyholders.

      • New Endowment Plus:

        The New Endowment Plus is a ULIP and an endowment that invests in various funds. It allows policyholders to take advantage of investments made in the markets to build up savings.

    3. Money Back Plans:

      Money back plans are insurance policies that come with both death and maturity benefits.

      • New Money Back Plan-20 Years:

        This is a money back life insurance plan that comes with a limited premium paying term.

      • New Money Back Plan-25 Years:

        Just like the 20 year plan, this insurance plan comes with a limited premium term and a tenure that is 25 years.

      • LIC’s New Bima Bachat:

        This is a savings and protection plan that is not linked and participates in the company profits.

    4. Pension Plans:

      Pension plans are those life insurance policies that can be used to provide oneself with a source of income even after retiring.

      • New Jeevan Nidhi:

        This is a pension plan that has no limits on the maximum sum assured and can be taken for 9 years, 12 years, or 15 years.

    All these plans serve specific purposes and can be used to fulfil various needs that you as a customer, may have. If you are looking for protection then you have the term plan to choose from, if you want maturity benefits too then you have the endowment, money back and pension plans and if you are not averse to a little bit of risk then you always have the ULIP plans that can create savings through investments in debt and equity markets.

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    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    LIC 1 Crore Plan Reviews

  • Page 1 of 50 1 2 3 4 5
    • LIC Life Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      I have taken life insurance from LIFE INSURANCE CORPORATION OF INDIA and the yearly premium is 30000. The total maturity period is for 20 years. After the maturity period i will get the sum assured and the interest. I mostly do cash payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 14 years and it is a long term policy. I am happy with the returns and benefits of this policy. I pay my premium once in 3 months by cash and i am convenient with the payment options. The maturity period for this policy is after 23 years.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Life Insurance Corporation of India. I would like to say that the customer service is fine one for me and the response is also good, also its not necessary. Plan benefits are less with them.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I took this life insurance jeevan policy from Lic insurance company mainly because of the good returns. The tenure period is 20 where the policy covers till 60 years . Am doing my payment yearly through on-line banking this policy covers accidental benefits and critical illnesses .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I took life insurance jeevan policy from Lic insurance company mainly because of the good returns, its 20 years of tenure period , the payment am doing through on-line monthly . There customer service and customer response is good .This policy covers accidental and critical illness coverage .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance Money back policy from Life insurance Corporation of India. Am satisfied with the premium amount of Rs 7000 which has the tenure period of 20 years . There customer service and response is good. Overall am satisfied with the policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I've a life insurance policy with the LIC. It offers Accidental and Life coverage in one policy . I pay a premium of Premium 4900 per year. I make payments via Cheque and online LIC website. I never faced any issue with the policy so far. Overall ti has been a good experience with their services.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've an insurance policy with the LIC. I make payments via the LIC website . I also got loans out of the policy for 60000 and the whole process of loan application was quick and got the loan amount with in 3 working days. Overall it has been a smooth experience with the LIC policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. The tenure of the policy is 20 years. I am paying the premium of quarterly 5000. The sum assured is 1 lac. The payment options are also smooth. I never had any issues with their services. LIC is a recommendable insurance provider.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. I have been using their services for a while. It is too easy to make payments and never faced any issues with the policy so far. Being a government company the security for your investment is certainly there with the LIC and it is a recommendable insurance provider.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. Their service is great, I make payments via LIC website. I have paid a lump-sum premium of 70000 and I never faced any issues with their services. Their new payment platform is also very useful and intuitive.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Average policy"
      0.5 3.0/5 "Satisfactory"
      I have taken Life insurance Money back from life insurance corporation of India . Am not satisfied with the premium amount which am paying . Their customer service and response is good . They did quick documentation. It has good returns with good benefits.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance jeevan policy from Life insurance corporation of India . This policy covers with accidental coverage and critical illness coverage . This is good policy with good benefits . Overall am satisfied with customer service and response . I have choose tenure period of 20 years and make the payment yearly through on-line net banking.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 10-12 years and it is a long term policy. I am happy with the returns and benefits of this policy. I pay my premium once in 6 months through direct payment and i am convenient with the payment options. The name of this policy is Jeevan anand and the maturity period is after 15 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "LIC is old company with new services"
      0.5 5.0/5 "Blown Away!"
      I'm regularly paying the premium. I came to know about the policy through agent. I use to payment through net banking. I will get the sum assured amount of Rs. 50 Lakhs. I use to pay the premium amount of Rs. 16000. I have opted for the premium yearly once.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 2 years and it is a long term policy. The tenure for this policy is 15 years. I pay my premium once in 6 months through net banking and i am convenient with the payment options. I am happy with the returns and benefits of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "They have to change the agent for their policies. "
      0.5 1.0/5 "Really Bad"
      I don't find any offers from LIC. I did not paid the premium properly. I never called up the LIC customer care services. They committed many benefits when i take the policy from them. But they did not provide anything after that. I have paid only one premium with the amount of Rs. 5000 for my pension policy. I don't remember the benefits of the policy now. Agent who works in LIC makes lots of people fool.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good policy to take"
      0.5 5.0/5 "Blown Away!"
      It is very old policy. I have taken the policy 8 years back. I'm paying the premium six month once. I don't remember the sum assured amount and all. Death Coverage, Risk Coverage is available. Every 5 years i will get some money from them. Once the tenure is over, i will get the whole money. Tenure period of this policy is 15 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I've been using the Jeevan Anand policy for a while. I am paying the premium of 25000 per year, it offers coverage for me and wife. The tenure is 15 years and I make payments via agent. Overall I never faced any issues with their services. The branch services are also good.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I am having a plan called MONEYBACK from the LIC. I am holding it since 14 years. It is a short term of 15 years. The documents i have done physically. I had got no loan from my insurance. I am getting the money back in the 5th year. I would be getting the 3 lakhs as the summer shot.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 17, 2018
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