Life coverage for a specified term. In the event of the policyholder's demise during the policy term, the plan provides a death benefit to the nominee. Plans include Jeevan Amar.
They offer life coverage along with maturity benefits if the policyholder survives the policy term. Some endowment plans offered by LIC are LIC New Endowment Plan, LIC Jeevan Labh etc
Periodic payouts during term, ensuring liquidity at intervals, with life coverage and survival benefits. Plans include LIC Money Back Policy 20years, LIC Jeevan Shiromani, &LIC Bima Diamond.
Provides coverage for the entire lifetime of the policyholder, and a death benefit to the nominee upon the policyholder's demise. This includes LIC Jeevan Umang.
Also known as retirement plans, these policies help individuals build a corpus for their post-retirement years. Such as LIC Jeevan Shanti, LIC New Jeevan Nidhi, and LIC Pradhan Mantri Vaya Vandana Yojana.
These are designed to secure a child's future needs, such as education, marriage, &other milestones. They provide a combination of savings and protection benefits. Includes LIC Jeevan Tarun and LIC New Children's Money Back Plan.
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