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Best LIC Plan to Invest in India 2026
Life insurance is definitely worth adding to your investment portfolio. It is essential to live a happy and secure life. No one can overstate the importance of having life insurance. It offers the required financial security to your family or loved ones in the case of your demise. In India, many individuals might think of it as just another expense. But they should ask themselves two questions: what will their families and loved ones do in case of their demise? How will they manage their lives if there is a single breadwinner in the family?
If you are getting confused, the answer is a life insurance policy. Moreover, in India, whenever it comes to life insurance, the first company that comes to mind is none other than the Life Insurance Corporation of India (LIC) with the tagline "Zindagi ke saath bhi, zindagi ke baad bhi" (meaning LIC is always with you ’in life’ and ’after life’ as well). It is the most trusted brand that deals in a wider range of life insurance products. Among all the available options, it becomes quite hard to pick the best one. For better decision-making, here’s a list of the 6 best LIC plans in India 2026 based on the amount of coverage, policy term, etc.
Top 6 best LIC Plans In India 2025
| LIC Plans | Type of Plan | Age at Entry (in years) | Policy Term (in years) | Maturity Age (Maximum) (in years) | Sum Assured (Minimum - Maximum) |
| LIC Jeevan Amar | Pure Term Insurance plan | 18 - 65 | 10 - 40 | 80 years | Rs. 25 lakhs - No limit |
| LIC Tech Term Plan | Pure Term Insurance plan | 18 - 65 | 10 - 40 | 80 years | Rs. 50 lakhs - No limit |
| LIC New Children’s money-back Plan | Traditional money-back Child Plan | 0 - 12 | 25 years - Age at Entry | 25 years | Rs. 1 lakh - No Limit |
| LIC New Jeevan Anand | Endowment Plan | 18 - 50 | 15 - 35 | 75 years | Rs. 1 lakh - No Limit |
| LIC Jeevan Umang | Whole Life + Endowment Plan | 90 days-55 years | 100 - Age at Entr | 100 years | Rs. 2 lakh - No Limit |
| LIC Jeevan Labh | Endowment Plan | 8 - 59 years | 16/21/25 | 75 years | Rs. 2 lakhs - No Limit |
*Last Updated on April 2023
Expert Advice: To choose the best LIC plan among all available options, it is advisable to first understand the cause of purchasing the policy, which includes key reasons i.e. to offer financial support to family and regular earnings after the demise.
1. LIC Jeevan Amar
LIC Jeevan Amar was launched in August 2019 by the Life Insurance Corporation of India. It is a pure term plan. It does not offer any type of returns to the insured. However, it provides the required financial assistance to the family in case of the insured’s demise. It will help them in living a stable and secure life. The plan is a non-participating & non-linked life insurance term plan that provides a variety of options to the customers compared to other insurance companies.
| LIC Jeevan Amar | Pure Term Insurance plan |
| Entry Age | 18-65 years |
| Policy Term | The minimum policy term for the policy is 10 years, while the maximum is 40 years |
| Mode of payment | Premiums are to be paid on a regular, limited, or single basis. |
| Sum Assured | Minimum- Rs. 25 lakhs (multiples of Rs. 1 lakh when the amount is between Rs. 25 lakhs and Rs. 40 lakhs) and (multiples of Rs. 10 lakhs when the amount is above Rs. 40 lakhs). Maximum- No Limit |
| Medical Examination | Urine cotinine is required for the non-smoker category (compulsory) |
*Last Updated on April 2026
Primary Features:
- LIC Jeevan Amar is a non-market-linked plan.
- Sum Assured can be increased & level Sum Assured option is also available.
- No maturity amount is applicable under the plan.
- Premium rates are classified into 2 types: i)Smoker, ii)Non-Smoker.
- The death claim amount is payable to the beneficiary if the policyholder dies during the policy tenure.
- Death benefits can be paid in a fixed amount or as installments for (5, 10, and 15) years.
- Policyholders can select the premium paying term and the policy term.
- Payment of premiums can be done on a regular basis or in a lump sum amount or limited as well.
- Medical Cotinine Test for Urine is a mandate for the non-smoker category.
Benefits Of The Plan:
- Two death benefit covers are available, such as Increasing Sum Assured(*) and Level Sum Assured*.
- Coverage for a higher risk, and the maximum maturity age is 80 years.
- The plan has considerably lower rates of premiums for women and non-smokers.
- Smoker and non-smoker categories are available.
- Handsome higher rebates on Sum Assured.
- Accidental benefit riders can be chosen as an additional cover by paying an extra premium.
- No limit for maximum Sum Assured.
*Level Sum Assured: The beneficiary will get the absolute Basic Sum Assured chosen at the time of purchasing the policy and cannot be changed throughout the policy.
Increasing Sum Assured(*): For the first five years, the death benefit amount will be the same as the Basic Sum Assured opted at the beginning by the insured. Afterwards, it shall increase in an in-force policy by the rate of 10% for 15 years starting from the 6th year of the policy till the end of the policy tenure or till death unless it turns twice the Basic Sum Assured, the one which will be earlier.
2. LIC Tech Term Plan
LIC Tech-Term is basically a non-linked & pure protection "Online Term Assurance Policy" which offers the required financial assistance to the insured’s family in case of his/her unfortunate demise. This plan will be available through an online application process, and no intermediaries will be involved.
| LIC Tech Term | Pure Term Insurance |
| Entry Age | 18-65 years |
| Policy Term | The minimum policy term for the plan is 10 years, whereas the maximum is 40 years |
| Mode of payment | Premiums are to be paid annually |
| Sum Assured | Minimum- Rs. 50 lakhsMaximum- No Limit |
| Medical Examination | Required |
Last Updated on April 2026
Primary Features:
- The plan can be purchased via online mode only without the involvement of any middleman.
- Concession on the premiums is available for women and the non-smoker category.
- The plan is conventional and a non-participating plan.
- No maturity benefit will be paid & coverage is only provided for the risk as it is a pure term plan.
- High Sum Assured is offered under this plan.
- The death benefit and income tax benefits are available under the plan.
Benefits Of The Plan:
- The policyholder can opt for the plan for a policy term of up to 40 years.
- High Sum Assured is offered under the plan.
- In case of the unfortunate demise of the policyholder during the policy term, Sum Assured shall be paid as a death benefit.
- Income tax benefits are applicable to the amount for premiums paid.
3. LIC New Children’s Money-Back Plan
LIC New Children’s money-back plan is a participating non-linked money-back plan. It is specially designed to meet the marriage, educational, and other requirements of raising children through Survival Benefits. Additionally, you will get a life risk cover for your child and several survival benefits until the end of the specified duration. You can pay regular premiums at yearly, half-yearly, quarterly, or monthly through ECS or through SSS modes. If you have paid the premium amount for the initial three years, the policy can be surrendered at any time during the policy tenure.
| LIC New Children’s Money-Back Plan | Traditional & Money-Back Child Plan |
| Entry Age | 0-12 years |
| Premium Mode | Yearly, Half-Yearly, Quarterly, or Monthly through ECS or through SSS mode only |
| Policy Term | 25 years - Age at Entry |
| Medical Examination | Not required |
| Minimum Sum Assured | Rs. 1 lakh |
*Last Updated on April 2023
Primary Features:
- There is no limitation on the maximum Sum Assured amount.
- Loan facility is available after the initial 3 consecutive years of full premium payment.
- As a survival benefit, this plan is responsible for paying money back after fixed intervals of time.
Benefits Of The Plan:
Death Benefit: If the policyholder dies before the commencement of risk, the Death Benefit amount should be payable. If the policyholder dies after the commencement of risk, the Death Benefit in the form of Sum Assured + Accrued bonus + Final Additional Bonus shall be payable.
Survival Benefit: 20% of the Sum Assured shall be payable as a Money-back payment for an interval of every 2 years after completing 18 years of age.
4. LIC New Jeevan Anand Plan
LIC Jeevan Anand Plan is a non-linked & participating policy that provides an exclusive mixture of savings and financial protection. If you go through the statistics, you will come to know that this policy is the highest-selling LIC insurance policy. Because of its numerous advantages (inclusive of coverage for risk even after maturity), it highlights this plan as the most unique one. LIC Jeevan Anand is a complete endowment cum whole life insurance policy that comes along with a bonus facility.
| LIC Jeevan Anand Plan | Participating Traditional Endowment Plan |
| Entry Age | 18-50 years |
| Sum Assured (Min-Max) | Rs. 1 lakh-No Limit |
| Loan Facility | Available |
| Optional Benefits | LIC accidental death benefit or disability benefit.LIC’s New Term Assurance Rider |
| Tax Benefit | Available under Section 80C of the Income Tax Act, 1961 |
*Last Updated on April 2023
Primary Features:
- The plan offers financial coverage for the family.
- The plan fulfills the liquidity needs by offering the loan facility.
- Premium payment discounts are available for customers.
- Rebates on payment of premiums are also applicable.
- Accidental death and disability benefit riders are available under the plan by paying an extra premium amount.
- The insured can enjoy the Income tax benefit on the premiums paid.
Benefits Of The Plan:
- Double Death Benefit in case of survival is provided under the plan.
- This plan has an average premium, a high bonus rate, and a great liquidity feature.
- The policyholder will be privileged with a lump sum payment upon maturity.
- Sum Assured on Death + Final Additional Bonus + Simple Reversionary Bonus shall be payable if the policyholder dies before the policy term is completed.
- As a survival benefit, Basic Sum Assured + Final Additional Bonus + Simple Reversionary Bonus should be payable if the policyholder survives the policy tenure.
The best thing about this policy is that even when the maturity is paid, and the policyholder is alive, the insurance coverage continues with the payment of premium amounts. This plan is ideal for women who are never off their responsibilities in life, as it will continue to pay the benefits, even after the maturity period of the plan.
5. LIC Jeevan Umang
LIC Jeevan Umang comes with the dual benefit of earnings as well as savings for the secure future of your family. It is one of the best LIC policy with-profit & non-linked whole life insurance plans. The plan offers a 100-year cover, which is quite an exceptional feature of the insurance policy. A fixed Sum Assured is paid to the policyholder at the end of the policy tenure.
| LIC Jeevan Umang Plan | Endowment and Whole Life Insurance Plan |
| Entry Age | 90 days |
| Sum Assured (Min-Max) | Rs. 2 lakh-No Limit |
| Loan | Facility Available |
| Premium Paying Mode | Yearly, Half-Yearly, Quarterly & Monthly (SSS and NACH Only) |
| Tax Benefit | Available under Section 80C of the Income Tax Act, 1961 |
Last Updated in April 2023
Primary Features:
- On surviving the policy tenure, the plan will pay 8% of the Sum Assured amount every year in the form of a survival benefit.
- Comprehensive coverage as the plan comes with a protection of 100 years.
- Accidental death, term, and disability riders apply to an extra premium payment under the plan.
- Take care of the liquidity needs, as it offers a loan facility.
- Serves as a pension plan after retirement.
- Numerous options of premium paying terms are available under the plan.
Benefits Of The Plan:
Death Benefit: Before commencement of risk, if the policyholder dies, the whole premium paid till the time will be payable under the plan, excluding any interests. After the commencement of risk, if the policyholder dies, the final additional bonus, along with the accrued bonus and the Sum Assured, is paid to the nominee(s) of the policy.
Maturity Benefit: On maturity of the policy, the ’Sum Assured on Maturity’, inclusive of vested reversionary bonuses in addition to the final bonus, is given as a maturity benefit.
Survival Benefit: It ensures the survival benefit of 8% of the Basic Sum Assured every year until the maturity of the policy.
6. LIC Jeevan Labh
LIC Jeevan Labh is a with-profits, non-linked and participating endowment plan where you need to pay premiums for a limited term. The plan offers several benefits, including a death benefit, a maturity benefit, and a loan facility to meet the liquidity needs of the policyholder. It is a combination of monetary protection and savings under a single plan.
| LIC Jeevan Labh | Endowment Plan |
| Entry Age | 8-59 years |
| Sum Assured (Min-Max) | Rs. 2 lakhs—No Limit |
| Loan Facility | Available |
| Premium Paying Mode | 10 years for 16 years policy term15 years for 21 years policy term16 years for 25 years policy term |
| Tax Benefit | Available under the Section 80C and Section 10(10D) of the Income Tax Act, 1961 |
*Last Updated on April 2023
Primary Features:
- If the premiums are paid for at least 3 years, the loan facility is provided under the plan.
- It offers different rider options, such as the LIC Accidental Death and Disability Benefit Rider and the LIC New Term Assurance Rider.
- Rebates on the premium paid by selecting yearly or half-yearly modes.
- Surrender of policy is applicable after full premium payment of the initial 3 policy years.
Benefits Of The Plan:
Death Benefit: On the death of the policyholder before completing the policy term, the sum assured and complementary bonuses like Simple Reversionary Bonus and Final Additional Bonus shall be paid as a death benefit to the nominee(s) of the policy.
Maturity Benefit: On surviving till the end of the policy tenure, the sum assured on maturity, together with bonuses such as simple reversionary bonus and the final additional bonus, shall be payable as a maturity benefit to the policyholder.
Summary
LIC is the top-ranking and most trusted insurance company in India. The corporation offers a collection of more than 20 plans according to the different requirements and affordability of an individual. In March 2023, they launched many policies and will initiate more in the upcoming years. With an applauding reputation in the market and excellent benefits, you can easily bet your money on LIC policies.
