Top LIC Plans in 2026
Life Insurance Corporation of India offers over 30 active plans across different categories — term insurance, endowment, money back, pension, children, and ULIPs. Choosing the right one can be confusing. This guide compares the top 10 most popular LIC plans in 2026 to help you make an informed decision.
Important: This is educational content. The best plan for you depends on your age, income, goals, and family situation. For personalized advice, consult our LIC agent for free.
1. LIC Jeevan Amar (Term Plan — Best for Protection)
- Type: Pure term insurance (no maturity benefit)
- Coverage: ₹25 lakh to ₹25 crore
- Age: 18-65 years
- Premium example: 30-year-old male, ₹1 crore cover, 30-year term = approximately ₹8,000-10,000/year
- Key feature: Level and increasing cover options. Increasing cover raises the sum assured by 10% every year for the first 5 years
- Best for: Anyone with dependents who wants maximum protection at minimum cost
- Our verdict: Must-have for every earning member. This should be your first insurance purchase. Read our term insurance guide
2. LIC Jeevan Labh (Endowment — Best for Guaranteed Savings)
- Type: Limited premium endowment plan
- Premium payment: 16, 21, or 25 years
- Maturity: 25, 28, or 32 years respectively
- Key feature: Guaranteed additions of ₹78 per ₹1,000 sum assured per year + loyalty additions + final additional bonus. You pay premiums for a limited period but the policy continues growing
- Tax benefit: Premium under 80C + maturity tax-free under 10(10D)
- Best for: Conservative investors who want guaranteed returns with life cover. Good for people who do not want market risk
- Our verdict: Best endowment plan from LIC currently. The limited premium payment feature is very attractive
3. LIC Jeevan Umang (Whole Life — Best for Lifetime Income)
- Type: Whole life plan with survival benefits
- Premium payment: 15, 20, 25, or 30 years
- Coverage: Until age 100
- Key feature: After premium payment term ends, you receive 8% of sum assured EVERY YEAR for your entire life. At death (whenever it occurs), full sum assured is paid to nominee
- Example: Sum assured ₹10 lakh, 20-year premium payment. After 20 years, receive ₹80,000 every year for life + ₹10 lakh death benefit to family
- Best for: People who want a lifetime income stream + permanent life cover
- Our verdict: Unique plan. The yearly 8% payout is attractive for retirement supplementation. Very popular with LIC customers
4. LIC Tech Term (Online Term — Cheapest)
- Type: Online-only pure term insurance
- Coverage: ₹50 lakh to ₹50 crore (online up to ₹50 lakh)
- Key feature: Cheapest LIC term plan. Available only online through licindia.in. No agent commission = lower premium
- Premium example: 30-year-old male, ₹50 lakh, 30-year term = approximately ₹5,000-6,000/year
- Best for: Tech-savvy buyers who want the absolute lowest premium and are comfortable buying online
- Our verdict: If you want to buy directly online, this is the cheapest option. For higher coverage or offline purchase, choose Jeevan Amar
5-7. Children, Money Back & Pension Plans
- 5. LIC Jeevan Tarun (Children Plan) — For children aged 0-12. Survival benefits at ages 20-24 for education and career expenses. Premium waiver if parent passes away. Best children plan from LIC. Education planning guide
- 6. LIC New Money Back 25 Years — Periodic payouts of 15% at years 5, 10, 15, 20 + 40% + bonuses at maturity. Full sum assured on death regardless of payouts received. Good for people who want regular liquidity
- 7. LIC Jeevan Akshay VII (Pension) — Immediate annuity. Pay lump sum, get pension for life starting immediately. 10 annuity options including joint life. Minimum ₹1 lakh purchase price. Best for retirees who want guaranteed monthly income. Retirement guide
8-10. Savings, Women & Micro Plans
- 8. LIC Bima Jyoti (Guaranteed Returns) — Non-linked, non-participating endowment plan. Fixed guaranteed addition of ₹50 per ₹1,000. You know exactly what you will get at maturity. No market risk. Best for people who want 100% guaranteed predictable returns
- 9. LIC Aadhaar Shila (Women Only) — Exclusively for women. Low premium endowment linked to Aadhaar. Accident benefit rider included. Minimum sum assured ₹75,000. Best for women looking for affordable life cover with savings
- 10. LIC SIIP (Market-Linked) — Systematic Investment Insurance Plan. Regular premium ULIP that works like a SIP. Choose between equity, debt, and balanced funds. 5-year lock-in. Best for people who want market-linked returns with insurance cover
How to Choose the Right LIC Plan
- Need maximum protection? → LIC Jeevan Amar or Tech Term (term insurance)
- Want guaranteed savings + protection? → LIC Jeevan Labh (endowment)
- Want lifetime income? → LIC Jeevan Umang (whole life)
- Planning for child future? → LIC Jeevan Tarun (children plan)
- Want pension after retirement? → LIC Jeevan Akshay VII (immediate annuity)
- Want periodic cash flow? → LIC New Money Back 25 years
Need help choosing? Get free consultation from our LIC agent. We compare plans based on YOUR specific situation and recommend the best option — at zero cost to you.