Classic savings plus life cover, with bonuses.
20 years
AMFI-registered Mutual Fund Distributor ·ARN-132711
Insurance · LIC
All 42 plans LIC sells today, with the details that matter — eligibility, cover, income and maturity — and a checker that shows which plans fit your age. Guided by a relationship with LIC that began in 1998.
₹5,000 a month · 20 years
₹0
is what a disciplined SIP could grow to at an assumed 10% a year — from ₹12 L invested.
Try the SIP calculatorIllustrative figures. Not a guarantee of returns.
All 42 LIC plans
Every plan LIC sells today, from endowment and money-back to term, pension, unit-linked and health. Open any plan for its full details, or tick up to three to compare.
Plan checker
Set your age and the cover you want, pick up to three popular LIC plans and their terms — see straight away whether you are eligible, and how the plans compare. We’ll send official premium quotes on WhatsApp.
Your details
Classic savings plus life cover, with bonuses.
20 years
Limited premium endowment — pay for fewer years.
15 years
Guaranteed lifelong income of 10% of the cover amount every year.
Whole life
| Feature | New Endowment Plan · 714 | Jeevan Labh · 736 | Jeevan Utsav · 771 |
|---|---|---|---|
| Type | Endowment · Earns bonuses | Endowment · Earns bonuses | Whole Life · Fixed, guaranteed |
| Age to join | 8 – 50 years | 8 – 59 / 54 / 50 years (by term) | 30 days – 65 years (by premium term) |
| Cover lasts | 12 – 35 years | 16, 21 or 25 years | Whole life |
| You pay for | For the whole policy term | 10, 15 or 16 years | 5 – 16 years |
| Minimum cover | ₹2,00,000 | ₹2,00,000 | ₹5,00,000 |
| If you pass away | Higher of cover amount or 7× the yearly premium, plus bonuses declared by LIC (never less than 105% of the premiums you paid). | Higher of cover amount or 7× the yearly premium, plus bonuses declared by LIC (never less than 105% of the premiums you paid). | Higher of cover amount or 7× the yearly premium, plus guaranteed yearly additions (never less than 105% of the premiums you paid). |
| Regular income | — | — | 10% of cover amount every year for life, starting from the 11th–19th policy year (depends on premium term). Can be deferred at 5.5% p.a. under the Flexi option. |
| At the end | Cover amount + bonuses declared by LIC. | Cover amount + bonuses declared by LIC. | No maturity — income continues for life. |
| Highlights | Earns bonuses from LIC’s profits · Loan facility · Maturity in instalments option | Pay premiums for 10–16 years only · Earns bonuses from LIC’s profits · Loan facility | Guaranteed yearly additions ₹40 per ₹1,000 of cover for each premium year · Guaranteed lifelong income · Non-participating: benefits fixed |
| Official details | LIC brochure · UIN 512N277V03 | LIC brochure · UIN 512N304V03 | LIC brochure · UIN 512N363V02 |
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Keep this result
Illustrative only. Plan rules are summarised from LIC’s current sales brochures; benefits assume all premiums are paid and the policy stays in force. Insurance is the subject matter of solicitation — read the sales brochure and policy document before concluding a sale.
Riders
Available with most LIC plans for a small extra premium. Which riders fit depends on the plan.
Accident Benefit Rider
An extra cover amount paid if death is due to an accident. UIN 512B203V03
Accidental Death & Disability Benefit Rider
Extra cover on accidental death, and instalments plus premium waiver on accidental permanent disability. UIN 512B209V02
New Term Assurance Rider
Additional term cover on the base plan. UIN 512B210V02
premium-waiver add-on
Future premiums waived if the proposer (usually a parent) dies. UIN 512B204V04
Critical Illness Health Rider
Lump sum on diagnosis of a listed critical illness. UIN 512B227V01
Female Critical Illness Benefit Rider
Cover for critical illnesses specific to women. UIN 512B226V01
Linked Accidental Death Benefit Rider
Accidental death cover for unit-linked plans. UIN 512A211V02
It depends on what you need the plan to do — pure protection (term), a lump sum for a goal (endowment), lifelong income (Jeevan Umang / Jeevan Utsav) or a child’s milestones (Amritbaal). Most families are best served by adequate term cover first, with savings plans chosen for specific goals.
Participating (bonus) plans share in LIC’s profits through reversionary and final additional bonuses that are declared each year and are not guaranteed in advance. Non-participating plans add fixed Guaranteed Additions, so the benefit is known on day one.
Premiums depend on age, plan, term, sum assured, payment mode and rebates. Share your details with us on WhatsApp or the contact form and we will send official LIC quotes for the plans you are comparing.
Yes — revivals, loans against policies, nominations, address changes, maturity and claim support. Our relationship with LIC goes back to 1998.
Insurance is the subject matter of solicitation. For more details on risk factors, terms and conditions, please read the sales brochure and policy wording carefully before concluding a sale. Plan details are summarised from LIC’s sales brochures available on licindia.in and may change; the policy document prevails. The information on this website is for general educational purposes only and does not constitute investment, tax or legal advice. Please consult a qualified professional before making financial decisions.

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