Best LIC High-Return Policy in India 2025
LIC, the state-owned insurance company, was founded in the year 1956 to strengthen the life insurance segment of India. It caters to the requirements of a wide customer base with products ranging from insurance and unit plans to micro-insurance plans.
LIC operates with 2048 fully computerized branch offices and 113 divisional offices and joins all these establishments through a Metro Area Network. LIC has an average claim settlement ratio of 98.2%, which makes it one of the most trusted insurers in the country. Read on to know more about the 10 best LIC plans offering high returns.
- LIC’s Jeevan Labh
- LIC’s New Jeevan Anand
- LIC’s Bima Jyoti
- LIC’s New Jeevan Amar
- LIC’s Jeevan Umang
- LIC’s Jeevan Utsav
- LIC’s New Jeevan Shanti
- LIC’s SIIP
- LIC’s Index Plus
- LIC’s Nivesh Plus
Best LIC Plans
The details of the different LIC plans are mentioned below
LIC Jeevan Labh - Endowment
A combination of savings and protection features are offered by this plan. In case the policyholder passes away, financial support is provided to the family. The LIC Jeevan Labh is an endowment plan. The main features of the plan are mentioned below:
o Entry Age: 8 years – 59 years
o Maximum Maturity Age: 75 years
o Different Policy Terms: 16 years. 21 years, and 25 years
o Minimum Sum Assured: Rs.2 lakh
o The death sum assured is provided to the nominee if the policyholder passes away.
LIC New Jeevan Anand - Endowment Plan
Under the policy, a combination of savings and protection features are offered. A lumpsum amount is paid once the policy matures. Loans can be availed against the policy. The main features of the New Jeevan Anand policy are mentioned below:
o Entry Age: 8 years – 50 years
o Maximum Maturity Age: 75 years
o Different Policy Terms: 15 years – 35 years
o Minimum Sum Assured: Rs.1 lakh
LIC Bima Jyoti - Endowment Plan
Under the policy, a combination of savings and protection features are offered. A lumpsum amount is paid once the policy matures. If the policyholder passes away during the term of the policy, financial protection is provided to the family. The policy can be purchased both offline and online. The main of the policy are mentioned below:
o Entry Age: 90 days – 60 years
o Maximum Maturity Age: 75 years
o Different Policy Terms: 15 years – 20 years
o Minimum Sum Assured: Rs.1 lakh
LIC New Jeevan Amar - Term Plan
Under the policy, the family of the policyholder is provided financial protection in case he/she passes away during the policy term. The LIC New Jeevan Amar policy can be purchased only offline. Some of the main features of the policy are mentioned below:
o Entry Age: 18 years – 65 years
o Maximum Maturity Age: 80 years
o Different Policy Terms: 10 years – 40 years
o Minimum Sum Assured: Rs.25 lakh
o Special rates are offered for women.
LIC Jeevan Umang – Whole Life Plan
Survial benefits are provided every year under the plan. A lumpsum amount is provided when the policy matures or if the policyholder passes away during the policy term. Loans can be availed against the policy. Some of the main features of the LIC Jeevan Umang are mentioned below:
o Entry Age: 90 days – 55 years
o Maximum Maturity Age: 100 years
o Different Policy Terms: 100 years minus the entry age
o Minimum Sum Assured: Rs.2 lakh
o Various rider benefits can be availed.
LIC Jeevan Utsav – Whole-Life Plan
The family is provided financial support in case the Life Assured passes away during the policy term. The policy can be purchased both online and offline. The benefits that are payable are fixed and guaranteed on survival or if the Life Assured passes away. The main features of the policy are mentioned below:
o Entry Age: 90 days – 65 years
o Maximum Maturity Age: NA
o Different Policy Terms: 5 years – 16 years
o Minimum Sum Assured: Rs.5 lakh
LIC New Jeevan Shanti - Pension Plan
Under the policy, benefits are paid on survival or death and are fixed and guaranteed. The policy can be purchased both online and offline. The main features of the New Jeevan Shanti policy are mentioned below:
o Entry Age: 30 years – 79 years
o Maximum Maturity Age: 80 years
o Different Policy Terms: NA
o Minimum Sum Assured: NA
LIC SIIP - ULIP Plan
Investment cover and insurance are provided during the policy term. The policy can be purchased both offline and online. Four different type of investment funds are available under the policy. The main features of SIIP that is offered by LIC are mentioned below:
o Entry Age: 90 days – 65 years
o Maximum Maturity Age: 85 years
o Different Policy Terms: 10 years – 25 years
o Minimum Sum Assured: 7 times to 10 times of the annualised premium
LIC Index Plus - ULIP Plan
Investment cover and insurance are provided during the policy term. The policy can be purchased both offline and online. Death benefits can be made either in installments or in a lumpsum. The main features of the policy are mentioned below:
o Entry Age: 90 days – 60 years
o Maximum Maturity Age: 85 years
o Different Policy Terms: 10 years – 25 years
o Minimum Sum Assured: 7 times to 10 times of the annualised premium
LIC Nivesh Plus - ULIP Plan
Investment cover, plan offer, and insurance are provided during the policy term. The policy can be purchased both offline and online. The Sum Insured can be
chosen at the time of inception of the policy and the investment choice can be made. The main features of the policy are mentioned below:
o Entry Age: 90 days – 70 years
o Maximum Maturity Age: 85 years
o Different Policy Terms: 10 years – 25 years
o Minimum Sum Assured: 1.2 times to 10 times of the single premium
FAQs on Top LIC Plans with Highest Returns
- What are the benefits of the LIC Jeevan Anand Policy?
LIC Jeevan Anand Plan provides the double the benefit of savings and protection. The plan offers financial protection in case of the unfortunate death of the insured and also the lump sum amount in the case of the survival of the policyholder.
- What is the survival benefit of LIC's New Children Money Back Plans?
In the LIC's New Children Money Back Plan, the company will pay the basic sum assured on each occasion when the insured completes, 18,20, and 22 years of age.
- Is a medical test required for LIC Jeevan Amar Plan?
LIC Jeevan Amar Plan has two categories - Smoker, Non-Smoker. If you select the non-smoker category, you have to undergo a medical test like Urinary Cotinine Test. The premium amount will be applicable based on the medical test result.
- What are the minimum and maximum age limits for applying for a LIC Endowment Plan?
The minimum and maximum age limits for applying for a LIC Endowment Plan are eight years and 55 years, respectively.
- How can I claim my LIC Money Back?
The policyholder should return the duly filled discharge form with NEFT Mandate Form, policy document, and KYC document.
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