Life Insurance Corporation of India (LIC)

Life Insurance in its modern form came to India from England in the year 1818 as Oriental Life Insurance Company. The company was started by Europeans in Calcutta , was the first life insurance company in India . After Independence the Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956, with the purpose of spreading life insurance much more widely and particularly in the rural areas with a view to reach all insurable persons in the country, providing them sufficient financial cover at a reasonable cost.

Life Insurance Corporation of India (LIC) is a Government of India venture . It is one of the largest life insurance company and also the largest investor in public and private securities/stock exchange of the country. LIC of India offers its insurance services not only to the urban segment but also to the and the socially/financially backward segments of the Indian society in rural areas at affordable prices. It motivates the lower income group people to save their money on regular basis by offering attractive savings features along with the regular insurance policies.

Life Insurance Corporation of India (LIC) of India has its headquartered in Mumbai and along with its corporate office in Delhi , 8 zonal offices, 109 divisional offices, 2048 branch offices and 992 satellite offices located in different almost every town and city in India. Today Life Insurance Corporation of India (LIC) functions with 2048 fully computerized branch offices and has touched millions of lives for the past 55 years. With an aim to provide easy access to its policyholders in rural areas , Life Insurance Corporation of India (LIC) has launched its SATELLITE SAMPARK offices. The satellite offices are smaller, leaner and closer to the customer.

Even after liberalization of insurance sector in year 2000 in India Life Insurance Corporation of India (LIC) prolongs to be the leading life insurer and still moving fast on a new growth path to go beyond its own past records. Life Insurance Corporation of India (LIC) believes in exploring and enhancing the quality of life of people through financial security by providing such products and services which not only give competitive returns but also crate resources for economic development.

Since its inception Life Insurance Corporation of India (LIC) has crossed many milestones and has set unparalleled performance records in various aspects of life insurance business through its unique, easy and affordable insurance products listed below .

Insurance Plans

Life insurance plans guarantee the payment of a assured sum to the insured person, at the plan’s maturity, or to the family, in the event of the insured person’s death.

Bima Account Plans

These plans are simple unit Linked plans which not offer assured minimum returns but also provide liquidity to the policy holder and offer a liberal risk cover as well. There is a Bima Account I and Bima Account II which have a few differences in the figures but the basic details remain the same for both.

Endowment Plans

• Endowment Plus

Children Plans

• Jeevan Anurag
• Komal Jeevan
• CDA Endowment Vesting at 21
• CDA Endowment Vesting at 18
• Jeevan Kishore
• Jeevan Chaya
• Marriage Endowment or Educational Annuity Plan
• Child Career Plan
• Child Future Plan

Plans for Handicapped Dependents

• Jeevan Adhar
• Jeevan Vishwas

Endowment Assurance Plans

• The Endowment Assurance Policy
• The Endowment Assurance Policy- Limited Payment
• Jeevan Mitra (Double Cover Endowment Plan)
• Jeevan Mitra (Triple Cover Endowment Plan)
• Jeevan Anand
• New Janaraksha Plan
• Jeevan Amrit

Plans for High Worth Individual

• Jeevan Shree- I
• Jeevan Pramukh

Money Back Plans

• The Money Back Policy- 20 years
• The Money Back Policy- 25 years
• Jeevan Surabhi-15 years
• Jeevan Surabhi-20 years
• Jeevan Surabhi-25 years
• Bima Bachat

Special Money Back Plan For Women

• Jeevan Bharati- I

Whole Life Plans

• The Whole Life Policy
• The Whole Life Policy- Limited Payment
• The Whole Life Policy- Single Premium
• Jeevan Anand
• Jeevan Tarang

Term Assurance Plans

• Two Year Temporary Assurance Plans
• The Convertible Term Assurance Policy
• Anmol Jeevan- I
• Amulya Jeevan- I

Joint Life Plan

• Jeevan Saathi

Decreasing Term Assurance To Cover Home Loan Repayment

• Mortgage Redemption

Pension Plans

• Pension Plus
• Jeevan Nidhi
• Jeevan Akshay- VI
• New Jeevan Dhara- I
• New Jeevan Suraksha- I

Unit Plans

• Samridhi Plans
• Pension Plus
• Endowment Plus

Special plans

LIC’s Special Plans bring together the assurance, savings and a lifetime of happiness!

Golden Jubilee Plan

• New Bima Gold

Health Plan

• Health Protection Plus
• Jeevan Arogya

Special Plan

• Bima Nivesh 2005
• Jeevan Saral

Micro Insurance Plans

• Jeevan Madhur
• Jeevan Mangal

Group Schemes

LIC Group Insurance Schemes are best for employers, associations, societies because they allow various types of cover for your employees at really low costs.

Group Scheme

• Group Term Insurance Schemes
• Group Insurance Scheme in lieu of EDLI
• Group Gratuity Scheme
• Group Super Annuation Scheme
• Group Savings Linked Insurance Scheme
• Group Leave Encashment Scheme
• Group Mortgage Redemption Assurance Scheme
• Group Critical Illness Rider

Social Security Scheme

• Jana Shree Bima Yojana
• Shiksha Sahayog Yojana
• Aam Admi Bima Yojana

The vision and mission that motivated our ancestors to bring insurance into existence in India, still encourages Life Insurance Corporation of India (LIC) to light the lamps of security and protection in as many homes as possible and to help the people in providing secured, and protected lives to their families.

We specialize in Life Insurance Corporation of India (LIC) products. Contact us today to live better tomorrow

Contact Address
Life Insurance Corporation of India,
1st floor “Yogakeshema”, Jeevan Bima Marg,
Mumbai – 400021
Website: www.licindia.in

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