LIC products are insurance and investment solutions crafted to meet diverse financial needs, including life protection, wealth creation, retirement planning, and children's future planning. Each plan is designed to offer security, growth, and tax advantages while ensuring flexibility and affordability.

Types of LIC Products:

• Term Insurance Plans: Pure protection plans that offer financial security to your family in case of an unfortunate event.
• Endowment Plans: Savings-cum-protection plans that offer a lump sum amount on maturity or death, whichever occurs earlier.
• Money Back Plans: Plans that provide periodic returns during the policy term along with life cover.
• Pension Plans: Retirement-focused plans that help build a financial corpus and provide regular income post-retirement.
• Child Plans: Plans focused on securing a child’s education and future needs through structured payouts.
• Unit Linked Insurance Plans (ULIPs): Investment-cum-insurance products where the premium is invested in market-linked funds.
• Health Insurance Plans: Plans that offer financial protection against health-related expenses and critical illnesses.

Features of LIC Products:
Comprehensive Coverage: Wide range of plans offering life cover, investment, retirement, and health benefits.

• Flexibility in Premium Payment: Options for single, limited, or regular premium payment modes to suit various needs.
• Guaranteed Returns: Certain plans offer assured returns on maturity along with loyalty additions or bonuses.
• Tax Benefits: Premiums paid and maturity benefits qualify for deductions and exemptions under prevailing tax laws.
• Loan Facility: Availability of loans against certain policies after a specified period to meet liquidity needs.
• Bonus Additions: Participating plans may earn bonuses declared by LIC based on its financial performance.
• Policy Revival: Lapsed policies can be revived within a specified period by fulfilling certain conditions.

Choosing the right LIC product can help you secure your family’s future, achieve life goals, and enjoy financial stability. Whether you are looking for pure protection, savings growth, retirement planning, or health security, there is a plan designed for your needs.