LIC of India is the oldest & largest Life insurer in our country. Its product portfolio boasts of multiple options and it can be a daunting task to choose the right fit from these.
Highlighted below are some of the most popular LIC products
LIC Jeevan Akshay
LIC Jeevan Suraksha
LIC Jeevan Varsha
LIC Jeevan Vishwas
LIC Jeevan Dhara
LIC Jeevan Saral
LIC Jeevan Bharati

Jeevan Varsha is a close ended Money Back Plan with Guaranteed Additions from Life Insurance Corporation.

Features
• Jeevan Varsha provides for periodical payments of an amount of Sum Assured at specified durations, on survival during the term of the policy and on maturity.
• The Jeevan Varsha Plan provides for payment of Sum Assured on death.
• Guaranteed Additions are payable on death and Maturity.
• Loyalty Additions may also be payable during the last year of the policy on both maturity and death
• Premium can be paid yearly, half- yearly, quarterly, monthly (by ECS mode only)
• Loan is available under the plan after the policy acquires paid-up value.

Other Features

Grace Period:
A grace period of one month but not less than 30 days will be allowed for payment of yearly or half yearly or quarterly premiums &15 days for monthly premiums.

LIC is the oldest and biggest Life Insurance player in India. With a huge network of agents LIC has been growing not just in its distribution but also the product breadth.

Find enclosed some of the key products from LIC:

LIC Jeevan Bharati

Introduction
LIC’s Jeevan Bharati – is a plan exclusively for women. It is a with profit plan having special features considering the needs of women. The plan also provides for Accident Benefit, Critical Illness Benefit and Congenital Disability Benefit as optional Riders

SPECIAL FEATURES

1. Encashment of Survival Benefit as and when needed:
The policyholder at her option may avail the survival benefit any time on or after its due date. If opted to avail later, increased survival benefit at the rate decided by the corporation from time to time will be payable.

2. Flexibility to pay premiums in advance:

LIC offers 4 different Term Plans
1. Anmol Jeevan-I
2. The Convertible Term Assurance Policy
3. Two Year Temporary Assurance Policy
4. Amulya Jeevan-I

1. Anmol Jeevan I

Anmol Jeevan is the most sold Plan in Term Plan, have a look at its features & benefits:

Benefits
Survival Benefits: There are no Survival Benefits
Death Benefit: Before the Policy expires the sum assured is paid to the life insured in the event of death.

Eligibility
Age at entry: Minimum and maximum age at entry are 18 yrs respectively & 55 yrs

Age at maturity: Your maximum age at maturity should be 65 yrs
Term (benefit period): Minimum & maximum term are 5 yrs & 25 yrs respectively
Coverage Amount (Sum Assured): The minimum & maximum sum assured are Rs.5, 00,000 & Rs. 3, 00, 00,000 respectively
Mode of Premium payment: You can opt for Yearly, Half- Yearly and Single premium