The Life Insurance provides a comprehensive range of insurance solutions, including term protection, market-linked funds, pension schemes, and traditional savings.
The major products offered by LIC include:
These plans provide high life coverage at affordable premiums, offering financial protection to your family in case of an untimely demise.
Popular Plans: LIC's New Tech-Term, LIC's New Jeevan Amar, LIC's Digi Term, and Saral Jeevan Bima.
Endowment policies combine the benefits of life insurance with long-term wealth accumulation. A lump sum is paid to the nominee upon the insured's death or to the policyholder upon surviving until the maturity date.
Popular Plans: LIC's New Jeevan Anand, LIC's Jeevan Labh, LIC's Jeevan Lakshya, and LIC's Amritbaal.
Ideal for meeting medium-term financial goals, these policies provide life coverage while paying out periodic lump sums (survival benefits) at specific intervals during the policy term, with the remaining balance paid upon maturity.
Popular Plans: LIC's New Money Back Plan (20 & 25 years), LIC's Bima Shree, and LIC's Jeevan Tarun (for children).
These plans offer life insurance coverage for the entirety of the policyholder's life (up to 100 years) rather than a fixed term. Many of these plans also offer guaranteed periodic payouts after the premium payment term.
Popular Plans: LIC's Jeevan Umang and LIC's Jeevan Utsav.
ULIPs offer a dual benefit of life coverage and market-linked investment growth. Policyholders can typically choose to invest in a variety of funds based on their risk appetite.
Popular Plans: LIC's Index Plus, LIC's SIIP, and LIC's Nivesh Plus.
Designed to help individuals build a corpus for their post-retirement years, these plans provide a steady stream of income (annuity) after a certain age.
Popular Plans: LIC's New Jeevan Shanti, LIC's New Pension Plus, and Saral Pension.
These are low-premium, affordable policies designed to provide insurance coverage and savings opportunities to the economically weaker sections of society.
Popular Plans: Micro Bachat and Bhagya Lakshmi.
| Product Category | LIC Flagship Products | SBI Life Flagship Products |
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| Term Assurance Plans |
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| Savings & Endowment Plans |
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| Whole Life Insurance |
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| Money Back Plans |
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| ULIPs (Market-Linked) |
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| Retirement & Annuity |
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Get high life cover amounts (sum assured) at highly affordable premiums, giving your family a protective financial cushion.
