Best for: Budget-friendly insurance + long-term savings.
Start with just ₹45/day (₹1,358 per month).
Offers both maturity benefits and lifetime insurance cover.
Even after the policy term ends, life risk cover continues, ensuring lifelong protection.
2 lic New Endowment Plan – “Safe Growth with Insurance”
Combines savings + insurance in one plan.
Provides lump-sum returns at maturity with life cover.
Suitable for those looking for guaranteed savings for goals like children’s education or marriage.
Premiums are flexible, starting at affordable rates.
3 lic Jeevan Umang – “Whole Life Income Plan”
One of LIC’s most popular policies.
Offers annual survival benefits after the premium payment term ends.
Provides lifetime coverage up to 100 years of age.
Ideal for those who want a regular income + long-term protection.
4 lic Tech Term Plan – “Pure Online Protection”
A 100% online policy, making it cheaper than offline plans.
Provides high life cover at low premium.
Ideal for young earners looking for budget-friendly risk protection.
Though it’s not a traditional savings plan, it ensures financial security for your family.
5 lic Jeevan Lakshya – “Family Security Plan”
Tailor-made for parents and breadwinners.
If something happens to the policyholder, the family continues to receive annual income till maturity.
On maturity, a lump sum is paid, ensuring financial goals are met.
Excellent for child education planning.
Final Word
LIC policies are not just about insurance—they help you save systematically, plan for future goals, and protect your loved ones. If you’re looking for safe, reliable, and long-term savings with insurance cover, these 5 schemes are among the best to consider.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
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