Life Insurance Corporation of India (LIC) is the only life insurance company in India which comes under public sector. On 1st September 1956, the company was established with the merger of over 200 insurer and provident societies.

Headquarter of this firm is located in Mumbai and currently operating 113 divisional offices & eight zonal offices. In India, LIC is the largest life insurance service provider with more than 2000 branches and more than 14 lakh insurance agents to solicit life insurance business in the country.

The company made its presence felt in both rural and urban areas. ‘Yogakshemam Vahamyaham’ is the motto of the company which clearly means that ‘your welfare is our responsibility’.

Life Insurance Corporation of India holds market share of 72% of all new insurance products sold during the financial year i.e. 2011-2012 with the 26 rival private life insurers, most of which are joined hands with international companies, owning 28% share. Therefore, it successfully maintains huge market dominance over other insurance companies in India.

The company has won several awards such as the Reader’s Digest most trusted brand award, Golden Peacock Innovative Product/Services Award 2011 for its health insurance product- Jeevan Arogya, ET brand equity most trusted brand award and MEIF Institutional Excellence Award 2012.

It offers different life insurance schemes to its customers and their insurance plans cater all requirements of customers from savings, investment products to pure term plans. Also, the company made special products separately for handicapped individuals and women.

Life Insurance Corporation of India - Product Portfolio

LIC Term Plans

  • The most essential life insurance products offer adequate life coverage at really affordable rate.
  • Anmol Jeevan – I
  • The Convertible Term Assurance Policy
  • Two Year Temporary Assurance Policy
  • Click here to know more about Term Plans

LIC Pension Plans

LIC Child Plans

  • These LIC schemes accumulate finances for future of your children.
  • Jeevan Anurag,Jeevan Chhaya,Komal Jeevan and Jeevan Kishore
  • Child Career Plan,Child Future Plan and Child Fortune Plan
  • CDA Endowment vesting at 18
  • Children’s Deferred Endowment (CDA) vesting at 21
  • Educational Annuity Plan or Marriage Endowment Plan
  • Click here to know more about Child Plans

LIC Traditional Plans

  • These savings plans help you to meet your financial goals in life by provisioning for future.
  • Endowment
  • Jeevan Mitra,Jeevan Amri,Jeevan Mitra (Triple Cover Endowment Plan) and New Janaraksha Plan
  • The Endowment Assurance Policy – Limited Payment
  • The Endowment Assurance Policy
  • Jeevan Saathi,Jeevan Adhar,Jeevan Vishwas,Jeevan Bharti,Jeevan Shree,Jeevan Anand and Jeevan Pramukh
  • Money Back
  • Jeevan Surabhi 15 / 20 / 25
  • Bima Bachat
  • Money Back – 20 years and Money Back – 25 years
  • Whole Life
  • The Whole Life Policy
  • Jeevan Anand
  • The Whole Life Policy – Single Premium
  • The Whole Life Policy – Limited Payment
  • Click here to know more about Traditional Plans

LIC ULIP Plans

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