As of 2024, some of the best Life Insurance Corporation (LIC) plans in India are designed to provide both investment and insurance benefits. Here are a few top plans:
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LIC Jeevan Akshay VII: This is a single-premium immediate annuity plan offering regular income for life. It is ideal for retirees seeking a guaranteed income stream post-retirement(
).
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LIC New Endowment Plan: A participating, non-linked plan offering a mix of life cover and savings. It provides maturity benefits along with life coverage(
)(
).
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LIC Jeevan Labh: This limited premium endowment plan combines life insurance and savings, offering a combination of death and maturity benefits(
).
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LIC Jeevan Umang: A whole life plan providing annual survival benefits from the end of the premium-paying term until the policyholder turns 100 years old. It is suitable for those looking for long-term protection and steady post-retirement income(
).
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LIC Tech Term Plan: This is a pure term plan available online, providing high life cover at affordable premiums. It offers flexible options for premium payments and death benefits(
).
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LIC New Jeevan Shanti: A deferred annuity plan that offers flexibility in choosing between single life or joint life options, making it an excellent choice for retirement planning(
).
These plans cater to different needs such as retirement planning, income generation, savings, or protection for your family. Your choice depends on your financial goals, whether you’re looking for regular income, life cover, or investment growth.