Top 7 LIC Plans in 2026

Key Features of New Tech Term Plan:

• You get a 30-day grace period to pay your premium (no extra charge during this time).
• You can pay the premium in one-time, regular, or limited payments.
• You cannot take a loan on this plan.
• You get a 30-day free look period. If you don't like the plan, you can cancel it.
• If your policy stops, you can restart it within 5 years.
• You can add an accident benefit rider for extra protection.
• Your family can choose to receive the money in installments over 5 years.
• The plan offers lower rates for women and different rates for smokers and non-smokers.
• You can buy this plan online only from LIC's website.
• You can choose a policy term from 10 to 40 years.
• You may get a discount if you choose a higher sum assured.

Benefits of New Tech Term Plan

1Death Benefit:

If the policyholder dies during the policy period, the family will get the highest of these amounts:

2For regular or limited premium:

• 7 times the yearly premium
• 105% of total premium paid
• Sum assured chosen at the start

3For single premium:

• 125% of single premium
• Sum assured chosen at the start

Sum Assured Options

• Option 1: Level Sum Assured: The cover amount stays the same for the full policy term.
• Option 2: Increasing Sum Assured: The cover amount increases over time and can double by the end.

Other Benefits

• Maturity Benefit: There is no money paid at the end if you survive the policy term.
• Tax Benefit: You can get tax benefits as per the income tax rules.

Key Features of LIC Jeevan Amar

• You can choose to get the death benefit in installments.
• The plan offers special lower premium rates for women.
• You can pay the premium in three ways: single, limited time, or full policy term.
• You can add an accidental rider by paying extra for more protection.
• You can choose between Level Sum Assured or Increasing Sum Assured.
• You get discounts if you choose a high sum assured.

Benefits of LIC Jeevan Amar

1 Death Benefit

If the policyholder dies during the policy term, the nominee will get the death benefit.

• For regular or limited premium plans, the amount will be the highest of:
  • 7 times the yearly premium paid, or
  • 105% of total premiums paid till death, or
  • The sum assured chosen at the start
• For single premium plans, the amount will be the higher of:
  • 125% of the single premium paid, or
  • The sum assured on death

2Death Benefit in Installments

The death benefit can be taken as a lump sum or in installments. The policyholder can choose this option while the policy is active. Once selected, it cannot be changed after death. Installments can be received as:

• Monthly (minimum Rs. 5,000)
• Quarterly (minimum Rs. 15,000)
• Half-yearly (minimum Rs. 25,000)
• Yearly (minimum Rs. 50,000)

3Tax Benefits

The money received under this plan is tax-free as per current tax laws. Premium paid can also get tax benefits under Section 80C.

Key Features of LIC Jeevan Umang

• You get a yearly income (survival benefits) after the premium payment period is over.
• The plan gives life cover for your whole life.
• You can choose to receive the death benefit in installments.
• You can add extra riders to increase your coverage.
• You can pay the premium regularly or through salary deduction.
• You get tax benefits under Section 80C and 10(10D).
• You may get a discount on the premium if you choose a higher sum assured.

Benefits of LIC Jeevan Umang

1Death Benefit

If the insured person dies during the policy term, the family (beneficiary) will get the death benefit.

If death happens before the risk starts:

• All premiums paid are returned without any interest.

If death happens after the risk starts:

• The family will get Sum assured on death, plus Bonus added over time, plus Final bonus (if any).

The sum assured on death will be the higher of:

• 7 times the yearly premium, or
• 105% of total premium paid till date

2Survival Benefit

If the insured person completes the premium payment period and is still alive, they will start receiving a yearly income. This income is equal to 8% of the basic sum assured and is paid every year until the policy maturity.

3Maturity Benefit

If the insured person survives the full policy term, they will receive the maturity amount. This includes the basic sum assured along with any bonuses added during the policy and a final bonus (if any).

Key Features of LIC Jeevan Utsav

• The plan gives guaranteed additions, which help your money grow over time.
• You can choose how to pay your premium based on your budget and comfort.
• You can also take a loan against the policy when needed.
• The plan offers tax benefits as per current tax rules.

Benefits of LIC Jeevan Utsav (Easy English)

1Guaranteed Additions

This plan gives guaranteed extra money every year. This helps to increase your final maturity amount over time.

2Death Benefit

If the insured person dies during the policy term, the family will receive the death benefit if the policy is active. This includes:

• Sum Assured on Death, plus
• Guaranteed additions collected over time

The death benefit will be at least 105% of the total premium paid. The Sum Assured on Death will be the higher of:

• Basic sum assured, or
• 7 times the yearly premium

If the insured is a child below 8 years and dies before the risk starts, then all premiums are returned without interest.

3Survival Benefit

If the insured person survives, they can choose one of two income options:

• Option 1: Regular Income You will get 10% of the basic sum assured every year from a fixed time, if all premiums are paid.
• Option 2: Flexi Income You will get 10% of the basic sum assured every year, with flexibility to manage the income as per your needs, after a fixed time, and if all premiums are paid.

Key Features of New Jevan Anand

• You can pay the premium in yearly, half-yearly, quarterly, or monthly options.
• This plan gives both savings and insurance in one.
• You get a 30-day free look period to cancel the policy if you do not like it.
• There is no maximum limit on the sum assured you can choose.
• The plan gives bonus benefits like reversionary bonus and final bonus based on LIC's performance.
• You can restart the policy within 5 years if it stops due to non-payment.
• If you survive the policy term, you will get the basic sum assured as a maturity benefit.
• You can choose to receive the maturity or death benefit in installments over 5, 10, or 15 years.
• This is a participating plan, so you can earn extra benefits from LIC profits.
• A grace period of 15 to 30 days is allowed if you miss a premium payment.
• You can also buy this plan online from home.

Benefits of New Jevan Anand

1Death Benefit

• If the policyholder dies during the policy term, the nominee will receive the death benefit. This will be the higher of:
  • 125% of the basic sum assured, or
  • 10 times the yearly premium
• The amount will also be at least 105% of total premiums paid. The nominee may also get a bonus (if declared by LIC).
• If the policyholder dies after maturity, the nominee can still get the basic sum assured if the maturity amount has not been paid yet.
• The nominee can choose to receive the money in installments instead of a one-time payment. Payment options: Monthly, Quarterly, Half-yearly, or Yearly Minimum installment amount:
  • Monthly: Rs. 5,000
  • Quarterly: Rs. 15,000
  • Half-yearly: Rs. 25,000
  • Yearly: Rs. 50,000

2Maturity Benefit

If the policyholder survives the full policy term, they will receive the maturity benefit. This includes the basic sum assured along with any bonuses added during the policy period and a final additional bonus (if declared). The total amount is usually paid as a lump sum at the end of the policy.

3Participation in Profits

This plan participates in LIC's profits, which means policyholders may receive extra money in the form of bonuses. These include a simple reversionary bonus and a final additional bonus, depending on LIC's performance during the policy term. These bonuses are not guaranteed and depend on the company's profits.

Features of LIC Nivesh Plus

• You can choose from 4 different investment funds based on how much risk you want to take.
• You can switch between funds if needed.
• You can also do partial withdrawals after 5 years.
• The plan gives guaranteed additions to increase your investment value over time.
• You can add extra protection by choosing an Accidental Death Benefit Rider.
• You can use a LIC Nivesh Plus calculator to estimate returns.

Benefits of LIC Nivesh Plus

1Death Benefit

If the policyholder dies during the policy term, the nominee will receive the death benefit. The amount will be the higher of:

• The value of the unit fund, or
• The basic sum assured minus any partial withdrawals

2Maturity Benefit

If the policyholder survives till the end of the policy term, they will get the unit fund value as the maturity amount.

3Guaranteed Additions

This plan gives extra guaranteed money added to your fund at fixed times:

• After 6 years: 3%
• After 10 years: 4%
• After 15 years: 5%
• After 20 years: 6%
• After 25 years: 7%

Features of LIC New Jeevan Shanti

• You can choose how to receive money: monthly, quarterly, half-yearly, or yearly payments.
• It gives two options: Single Life annuity or Joint Life annuity.
• This plan works as a regular income (pension) plan after retirement.
• You get tax benefits under Section 80C and 10(10D) as per tax rules.

Benefits of LIC Jeevan Shanti Plan

1Death Benefit

If the policyholder dies, the nominee will get an amount that is at least 105% of the purchase price, after subtracting any annuity payments already received. This helps ensure financial support for the family.

3Option for Dependent with Disability

If the policyholder has a disabled dependent family member, they can choose to create a pension plan for that person. This is possible under certain conditions, and the minimum investment must be Rs. 50,000.

4Loan Facility

After 3 months of buying the policy or after the free-look period ends (whichever is earlier), the policyholder can take a loan against this plan if needed.