"Spending a whole day looking for insurance is fun," said nobody, EVER!
  • Best 5 LIC Plans to invest in 2017

     4.5 / 5.0   by 9553 users
    Used this product? Write a review >>

    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    When it comes to life insurance, LIC is the most preferred name among all other options available in the insurance market. The state-owned investment company is also the largest insurer in the world in terms of the number of policies sold. Life insurance corporation of india has its presence in every city of the country to ensure that the benefits of the product offerings reach every hand. If you are planning to buy life insurance in 2017, you can consider the following plans listed below.

    LIC Jeevan Pragati Plan:

    LIC Jeevan Pragati is a non-linked plan, which, apart from financial protection, comes with extended benefits and savings. The chief highlight of Jeevan Pragati Plan is that it increases the risk cover after every 5 years. The plan also takes care of your immediate needs by providing loan facility.

    Benefits of Jeevan Pragati Plan:

    • The death benefits offered under Jeevan Pragati shall not be less than 105% of all the premium amounts
    • If the policy is in force, death benefits will include sum assured on death plus vested simple reversionary bonuses and final additional bonuses
    • The premiums are exempt from taxes and no extra amount is chargeable under the policy for rider premium, if any
    • The sum assured on maturity equals to the basic sum assured together with vested simple reversionary bonuses and final additional bonuses
    • The policy will participate in the profits of the corporation and shall bonuses as declared by the LIC from time to time
    • The policyholder is also entitled to Accidental Death and Disability Benefit Rider

    Features of Jeevan Pragati Plan:

    Minimum Basic Sum Assured Rs.1,50,000
    Maximum Basic Sum Assured No limit
    Policy term 12 to 20 years
    Minimum age at entry 12 years
    Maximum age at entry 45 years
    Maximum age at maturity 65 years
    Premium payment mode Yearly, half-yearly, quarterly, and monthly
    Policy revival The policy will lapse If premiums are not paid within the grace period

    LIC Jeevan Labh:

    Jeevan Labh, a low premium endowment plan is a perfect combination of financial protection and savings. Under this plan, policyholders are eligible for a lump sum on maturity. But in case of their unfortunate death before maturity, family members will be paid death benefits along with bonuses and additions as mentioned in the plan.

    Benefits of Jeevan Labh:

    • Similar to Jeevan Pragati, death benefits offered under Jeevan Labh shall also be not less than 105% of all the total premium
    • Death benefit will include sum assured on death plus vested simple reversionary bonuses and final additional bonuses
    • The premiums are exempted from taxes and no additional charges are levied for benefit riders
    • The sum assured on maturity equals to the basic sum assured together with vested simple reversionary bonuses and final additional bonuses
    • The policy will participate in the profits of the corporation and shall receive bonuses as declared by the LIC from time to time
    • The policyholder is also entitled to Accidental Death and Disability Benefit Rider and LIC’s New Term Assurance Rider

    Features of Jeevan Labh:

    Minimum Basic Sum Assured Rs.2,00,000
    Maximum Basic Sum Assured No limit
    Policy term 61 years, 21 years, and 25 years
    Minimum age at entry 8 years
    Maximum age at entry 59 years
    Maximum age at maturity 75 years
    Premium payment mode Yearly, half-yearly, quarterly, and monthly (only through ECS)
    Policy revival The policy will lapse If premiums are not paid within the grace period

    LIC New Jeevan Anand:

    New Jeevan Anand is a participating endowment plan which comes with a plethora of benefits and offers. This savings plus protection plan provides a lump sum payout at the time of maturity. However, the plan is designed primarily to protect the family of the insured in case of his death. It also comes with loan facility to support the liquidity needs of the individual.

    Benefits of New Jeevan Anand:

    • When an individual dies during the term, death benefit received will include sum assured on death, vested simple reversionary bonuses, and final additional bonus
    • Sum assured on death is more than 125% of the basic sum or ten times the annualized premium amount
    • On survival of the policyholder, Basic Sum Assured along with vested simple reversionary bonuses and final additional bonus is paid as a lump sum
    • The policy shall participate in the profits of LIC and shall receive additional benefits from time to time
    • LIC’s accidental death benefit rider is available as an optional rider which can be availed by payment of a small additional amount along with the policy premium.

    Features of Jeevan Anand:

    Minimum Basic Sum Assured Rs.1,00,000
    Maximum Basic Sum Assured No limit (the basic sum assured will be in multiples of Rs.5000)
    Minimum policy term 15 years
    Maximum policy term 35 years
    Minimum age at entry 18 years
    Maximum age at entry 50 years
    Maximum age at maturity 75 years
    Premium payment mode Yearly, half-yearly, quarterly, and monthly (only through ECS)
    Policy revival The policy will lapse If premiums are not paid within the grace period. For all other terms except monthly premiums, the grace period is 30 days. For monthly premium it’s 15 days.

    LIC Jeevan Rakshak:

    It’s a participating endowment plan with provides an enhanced protection and savings at the same time. Policyholders are eligible for loyalty additions after completion of 5 term years. The addition of Accidental Death Benefit Rider makes Jeevan Rakshak a comprehensive life insurance solution.

    Benefits of Jeevan Rakshak:

    • During the term period, the policy will be eligible for Sum Assured at Death which is:
      • Higher than the basic sum assured, or
      • Is equal to 10 times the annualized premium, or
      • Is 105% of all premiums paid till death
    • On survival of the policyholder, Basic Sum Assured along with vested simple reversionary bonuses and final additional bonus is paid as a lump sum, provided all premiums have been paid by the policyholder
    • The policy will participate in the profits of LIC and shall receive additional benefits from time to time
    • LIC’s death and benefit rider is available as an optional rider which can be availed by payment of a small additional amount along with the policy premium. In case of accidental death of the individual, the Accident Benefit Sum Assured will be paid as lump sum amount along with the sum assured on death

    Features of Jeevan Rakshak:

    Minimum Basic Sum Assured Rs.75,000
    Maximum Basic Sum Assured Rs.2,00,000
    Minimum policy term 10 years
    Maximum policy term 20 years
    Minimum age at entry 8 years
    Maximum age at entry 55 years
    Maximum age at maturity 70 years
    Premium payment mode Yearly, half-yearly, quarterly, and monthly (only through ECS)
    Policy revival The policy will lapse If premiums are not paid within the grace period. However, the lapsed policy can be revived within 2 years

    LIC Jeevan Lakshya:

    It’s a traditional savings cum protection plan which provides annualized payments post death of the insured to take care of this family’s expenses. Additionally the beneficiaries of the deceased will also receive 110% of the cover amount at the end of the initial term period of the policy. The plan also allows one to choose two additional benefit riders namely Accidental Death & Disability Rider and New Term Assurance Rider.

    Benefits of Jeevan Lakshya:

    • In case of the individual’s death, the death benefit received will include sum assured on death, vested simple reversionary bonuses, and final additional bonus
    • Death benefits shall include
      • Annual income benefit which is equal to 10% of the basic sum assured
      • Assured absolute amount which equals 110% of the basic sum assured
    • On survival of the policyholder, Basic Sum Assured along with vested simple reversionary bonuses and final additional bonus will be paid as a lump sum
    • The policy shall participate in the profits of LIC and shall receive additional benefits from time to time
    • LIC’s accidental and benefit rider is available as an optional rider which can be availed by payment of a small additional amount along with the policy premium.
    • Death benefits shall not be less than 105% of the total premiums paid till death

    Features of Jeevan Lakshya:

    Minimum Basic Sum Assured Rs.1,00,000
    Maximum Basic Sum Assured No limit ( Basic sum assured will be paid in multiples of Rs.10,000)
    Policy term 13 years to 25 years
    Minimum age at entry 18 years
    Maximum age at entry 50 years
    Maximum age at maturity 65 years
    Premium payment mode Yearly, half-yearly, monthly, or quarterly
    Policy revival On nonpayment of premiums within the grace period the policy will lapse. However, it can be revived within a period of 2 consecutive years

    Best 5 LIC Plans to invest in 2017 Reviews

  • Page 1 of 50 1 2 3 4 5
    • LIC Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my Life Insurance with LIC. The tenure period is 16 years and Its a long term policy, I am happy with the policy returns and the coverage is 5 lakhs. Its a tax benefits and premium paid on yearly basis. Here I have an online option payment which is very comfortable. The customer service and responses was really good so its recommendable also.
      Was this review helpful? 0
      , haldwani
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My Life Insurance was taken with LIC 2 years back. Its a long term policy , the tenure period is 16 years .The customer service and responsiveness was satisfactory. I get tax benefit and premium paid on monthly basis. I am happy with the policy coverage and benefits so Its recommendable.
      Was this review helpful? 0
      , khanna
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Better"
      0.5 5.0/5 "Blown Away!"
      I have taken 2 policies with LIC. Both Jeevan Anand and endowment policy is a tenure of 21 years. I pay premium of Rs.15,500/ yearly. It is a long term policy. The agent was very helpful. I normally pay to the LIC agent as cash and he makes the payment on my behalf. I am not happy with the return amount which is low.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Its good"
      0.5 5.0/5 "Blown Away!"
      I am holding a Jeevan Anand for my daughter and for my son too. I normally pay a premium of 15k for both. I normally get benefits like after 15 years, I will get bonus which is 6 times of the money which I had invested as returns.I normally make the payment through net banking
      Was this review helpful? 0
      , balotra
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Trusted life coverage"
      0.5 5.0/5 "Blown Away!"
      I am making Rs.3760 premium amount on quarterly basis for Money back policy it has the tenure period of 15 years. I am getting the bonus interest around 20 to 30,000. After maturity period I will be getting some sum assured value. LIC payment gate is also improved and good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Best policy to use"
      0.5 5.0/5 "Blown Away!"
      I am using LIC policy from last 5 years and it is a long term policy. The customer service was good and prompt. The tenure of this policy is 20 years. I pay a premium of Rs. 1450 once in three months. I get a benefit upto 1.25 lakhs which is good and i am also happy with the coverage returns. I must say, this is one of the best policy to use.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have my Life Insurance with LIC . Its a corporate Insurance since my company has a tie with I have taken. Its a cash back policy and the tenure period is 20 years .I am paying through cheques or directly at the office so its bit inconvenient . Its a tax benefits and premium paid on yearly basis.I am satisfied with the policy coverage and benefits. The customer service and responses was also up to the mark,
      Was this review helpful? 0
      , pune
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "good service"
      0.5 4.0/5 "Great!"
      It was very long before I took my life insurance with LIC the service from LIC was good I have submitted all my documents directly the representatives of LIC is very good they use to update me regularly regarding new schemes offers also I use to get regular intimations regarding my premium regularly and I have taken 2 policy's so far with LIC .
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold LIC policy from last 5 years and it is a cash back policy. The tenure of this policy is 20 years. I pay premium of Rs. 2200 on quarterly basis, this amount get auto deducted from my savings account. There will be a cashback after 5 years and i am also satisfied with the returns.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 20, 2017
    • LIC Life Insurance
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken with 3 policy's so far with LIFE INSURANCE CORPORATION OF INDIA the customer service is very good and the staffs of LIFE INSURANCE CORPORATION OF INDIA was very helpful they use to update me regarding new schemes and offers so I would say the service is excellent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • LIC Life Insurance
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      The service of LIFE INSURANCE CORPORATION OF INDIA is very excellent ,the staffs of LIFE INSURANCE CORPORATION OF INDIA is very good and helpful they use to update me regularly regarding new schemes and offers and I have taken 1 policy so far with LIFE INSURANCE CORPORATION OF INDIA and I use to pay my amount through online ,service is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • LIC Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a LIC policy from last 7 years and it is a return back policy, the tenure of the policy is 18 years. I pay the premium of Rs. 6900 once in three months. I make my payment through debit card and it is very convinient to me. I am also satisfied with the coverage returns which they are giving.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 20, 2017
    • LIC Life Insurance
      "LIC IS THE BEST"
      0.5 5.0/5 "Blown Away!"
      LIC is the best and the major reason for choosing LIC is because of saving. I am holding this LIC Policy for a period of 12 to 15 years I normally pay to the LIC agent as cash and he makes the payment on my behalf.
      Was this review helpful? 0
      , kumbakonam
      Reviewed on Oct 19, 2017
    • LIC Life Insurance
      "Good policies"
      0.5 5.0/5 "Blown Away!"
      I have started 2 policies with LIC very long back. Yearly once I will visit the LIC office to collect the statements. I pay premium of Rs.1663 and Rs.1034 as every month through ECS. The documentation process was easier. Both are long term policies with tenure of 15 years.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 19, 2017
    • LIC Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I am satisfied with the LIC policy, because I got the MONEY BACK policy around 8 years ago. I pay the premium of Rs.640/month. The main benefit is 4years once they offer cash back and after the maturity period of 15 years, I will receive a huge amount. I will visit the branch directly for my query.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 19, 2017
    • LIC Life Insurance
      "Better"
      0.5 5.0/5 "Blown Away!"
      I am using the LIC service for the past 5 to 6 years. The policy name is Money back and it is a cash back policy. For every 4 years of period they provide 40,000 as cash back. It is a tenure 18 to 20 years. I pay premium of Rs.3730/ quarterly by cheque. The documentation process was easy.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Oct 19, 2017
    • LIC Life Insurance
      "Excellent policy "
      0.5 5.0/5 "Blown Away!"
      I would say i am satisfied having the LIC policy , because I got the Life insurance policy around 10years ago. I pay Rs,1lakh for this policy in every 3 months once. This policy has the tenure of 15 to 20years. The customer support is good with this policy. The plan benefits and the coverage is good with this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2017
    • LIC Life Insurance
      "Good policy "
      0.5 5.0/5 "Blown Away!"
      I got the Life insurance policy around 10years ago. The service is good with Life insurance corporation of India. I pay Rs,1lakh for 1 policy in every 3 months once. This policy has the tenure of 15years. The customer support is good with this policy. The plan benefits and the coverage is good with this policy
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2017
    • LIC Life Insurance
      "Best money back plan"
      0.5 5.0/5 "Blown Away!"
      I hold the Money back policy for past 4years. The customer support is good with LIC agents. The premium amount of Rs,17,000 I pay towards with this policy. This policy has the tenure of 25yeas. The plan benefits and the coverage is good with this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • LIC Life Insurance
      "Best Jeevan anand policy"
      0.5 5.0/5 "Blown Away!"
      I am having the Jeevan anand policy for past 4years. The customer support is good with LIC jeevan anand. This policy has the tenure of 13 to 14 years. The plan benefits and the coverage is good with this policy. I pay the premium of Rs,17.000 I am satisfied with this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    Common Loader Icon
    Page 1 of 50 1 2 3 4 5
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.