LIC Investment Plans
  • Explore LIC investment plans
  • Types of investment plans
  • Claim settlement and Buying process
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Investment Plan for you.

Select Your Annual Income

15 Lacs+ P.A. 10-15 Lacs P.A. 7-10 Lacs P.A. 5-7 Lacs P.A. 3-5 Lacs P.A. Upto 3 Lacs P.A.

Age

LIC Investment Plans: Overview

The Life Insurance Corporation of India is the oldest player in the insurance sector of India. LIC has been serving the insurance needs of the entire country over a long period of time. Being the best player in the market, the corporation has seized most of the stocks and has maintained its reputation as the largest insurance company in India.

LIC Investment Plans are tailor-made as per the financial and investment needs of the customers such as education, health, life cover, marriage of children, retirement purposes, etc. These plans are designed in a way to ideally deal with the financial burden during emergencies and uncertainties of life.

LIC Investment Plans ensures to look after your investment needs by offering:

why-choose

  • Maturity benefits

  • Death benefits

  • Participation in profits

  • Additional riders to choose from

Eligibility Criteria for LIC Investment Plan

Your Occupation

Entry age

Minimum Age - 5 year

Mukhyamantri Amrutam Yojana

Maturity age

80 years

Your Gender

Policy tenure

Minimum term - 6 years Maximum term - 30 years

Maternity Benefit Rider

Premium payment term

5 to 30 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly,

Maternity Benefit Rider

Sum assured

Rs 50,000 to No limit

Benefits of LIC Life Investment Plans

There are multiple benefits of LIC Life Investment Plans. Read below to understand the plethora of advantages provided by the insurer.

Guaranteed Maturity benefit 

LIC Life Investment Plans offer guaranteed maturity benefits once the policy matures along with the applicable additions and bonuses.

Additional Bonuses

Various LIC Investment Plans offer additional bonuses to the policyholders along with fixed maturity benefits.

Flexible Plans

LIC Investment Insurance plans offer various coverage options, allowing you to select a plan that meets your needs.

Additional Rider Options

LIC Investment Plans allow you to choose additional rider options as per your requirements by paying an additional amount.

Tax Benefits

Tax Benefits can be availed for premium payments of LIC Investment plans under the Income Tax Act 1961.

Riders You Can Avail With LIC Investment Plans

Name of the Rider Benefits
LIC Accidental Death and Disability Benefit This rider provides additional coverage in the event of the insured person's accidental death or disability.
LIC Accident Benefit Rider This rider benefit can be obtained at any time throughout the policy term of the basic term plan, as long as the premium payment and rider terms are both 5 years.
LIC New Term Assurance Rider Under this rider, an amount equal to the sum assured will be paid if the policyholder dies within the policy period. This rider can only be purchased at the time of inception of the policy.
LIC New Critical Illness Benefit Rider The Critical Illness Sum Assured shall be payable on the first diagnosis of any one of the specified 15 critical illnesses covered under this rider.

Recommended Videos

6 Best LIC Plans to Invest

6 Best LIC Plans to Invest

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

Documents Required to Purchase LIC Investment Plans

Here is the list of documents required to buy LIC Life Investment Plans:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy LIC Investment Plans ?

LIC Investment Plans allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of LIC Life Insurance Company.

  • Step 2

    Click on ‘Wealth Creation’ on the navigation bar and select the plan you want to buy.

  • Step 3

    Click on the ‘buy now’ button and fill in the required details.

  • Step 4

    Tap on 'next' and select a plan as per your requirements.

  • Step 5

    Select the cover option you want and make your payment. Once the payment is made, you will get a payment confirmation at your registered email address.

Exclusions of LIC Investment Plans

  • If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death benefit. They receive just the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater.If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death payments. They receive just the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater.

Conclusion

In conclusion, LIC Life Insurance offers a range of flexible, customer-centric investment plans tailored to meet various financial needs and life goals. With its strong digital presence, best claim settlement record, and diverse product portfolio, LIC Life stands out as a trusted partner for securing one’s financial future. For more info related to LIC Life Investment Plans, you can contact Policyx.com 24/7. Our trusted insurance experts listen to your every unique problem and suggest the best possible solution for you.

Life Insurance

More Queries?

If you have any more queries regarding LIC Investment Plans , Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

FAQs: LIC Investment Plans

1. How can I make a claim for LIC investment plans?

You’ll need to fill in a claim form and call the financial adviser from whom to procure the policy. You must submit the relevant files to help your claim. If the claim application is accepted, you may get a cheque within 7 working days. If the claim is rejected, then you’ll be receiving a letter explaining the reason for rejection.

2. What happens when the LIC investment policy converts to paid up policy?

The sum assured for the policy is reduced than the one which is chosen at the time of inception of the policy due to non-payment of premiums for consistently 3 years. The company will not pay reversionary bonus and profit bonus under a paid up policy.

3. If I miss a few premium payments, will my LIC investment policy remain active or not?

LIC provides a grace period of 15 days for monthly premium payments and 30 days for any other premium payment frequency. The policy will lapse if you do not make the payment within the grace period. However, you will be able to renew the policy within 2 years from the initiation date.

4. Will I get surrender benefits for LIC Investment Plans in case I am unable to pay premiums for 3 years?

No, LIC pays the surrender benefit only if the policyholder pays the premiums for at least 3 full policy years.

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Share your Valuable Feedback

Rating Icon

4.6

Rated by 855 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings
Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.

You May Also Know About:

Term Insurance Life Insurance Life Insurance Companies Child Plans Investment Plans Pension Plans ULIP Plans