Best LIC High-Return Policy in India 2025
LIC serves a massive customer base with dynamic portfolio. It offers various policies from traditional life to unit-linked plans. LIC demonstrates operational capacity through its 2,000 computerized branch offices and 113 divisional offices connected by a wide-area network. With an average settlement ratio of 9.82 %, it is the most credible insurer in India. Here is a list of the 10 best LIC plans offering high returns. Read on to learn more about each plan, its features and more.
Best LIC Plans
Given below are the details of the top ten best LIC plans:
1. LIC Index Plus
LIC Index Plus is a unit linked insurance plan that provides the double benefit of both market linked investment and insurance coverage. This policy can be purchased through both offline and online modes. Death benefits can be made either in installments or in a lump sum, in case of the unfortunate death of the Life assured. On surviving the date of maturity, the maturity benefit and an amount equal to the Mortality Charges deducted for the life insurance cover will also be paid. The plan offers a choice to choose investment funds from Flexi growth fund and Flexi smart growth fund.
The main features of the policy are mentioned below:
o Entry Age: 90 days – 60 years
o Maximum Maturity Age: 85 years
o Different Policy Terms: 10 years – 25 years
o Minimum Sum Assured: 7 times to 10 times of the annualised premium.
2. LIC Jeevan Umang
LIC Jeevan Umang is a whole life assurance plan that provides survival benefits every year. It offers a combination of income and protection by providing a lump sum amount when the policy matures or if the policyholder passes away during the policy term. Loans can also be availed against the policy. It also offers guaranteed income through annual survival benefit and death benefit. Some of the main features of the LIC Jeevan Umang are mentioned below:
o Entry Age: 90 days – 55 years (depending on PPT)
o Premium Paying Term (PPT): 15, 20, 25 or 30 years
o Maximum Maturity Age: 100 years
o Different Policy Terms: 100 years minus the entry age
o Minimum Sum Assured: Rs.2 lakh
o Various rider benefits can be availed.
3. LIC New Pension Plus
LIC New Pension Plus is a unit linked pension plan which helps individuals develop a retirement fund through disciplined, market-linked savings and flexible premium payment options. Policy holders can choose between single or regular premium payment modes with four distinct fund options - bond, secured, balanced and growth. The plan allows up to four free fund switches annually. You also get guaranteed additions to your unit fund as a percentage of the premium at the end of specific policy years, enhancing the final maturity corpus.
o Entry Age: 25 years (Completed) - 75 years (Nearer Birthday)
o Maturity Age: 35 years - 85 years
o Policy Term: 10 years - 42 years
o Premium Payment: Single Premium (Rs. 1,00,000) or Regular Premium (Rs. 30,000).
4. LIC Nivesh Plus
LIC Nivesh Plus is a single premium, unit-linked pension scheme that provides an investment cover, a plan offer and insurance during its policy term. The policy can be purchased both offline and online. The Sum Insured can be chosen at the time of inception of the policy from the given options and the investment choice can be made. It also includes benefits like accidental death benefit rider and guaranteed additions to the unit fund at specific intervals. The main features of the policy are mentioned below:
o Entry Age: 90 days – 70 years
o Maximum Maturity Age: 18 years - 85 years
o Different Policy Terms: 10 years – 25 years
o Minimum Sum Assured: 1.2 times to 10 times of the single premium
5. LIC Jeevan Utsav
LIC Jeevan Utsav is a whole life insurance plan that offers lifelong financial security and guaranteed income benefits after your death. The policy can be purchased both online and offline. The benefits that are payable are fixed and guaranteed on survival or if the Life Assured passes away. Through this policy, funds can be selected in the form of regular income benefit or flexi income benefits. The main features of the policy are mentioned below:
o Entry Age: 30 days – 65 years
o Maximum Maturity Age: NA
o Different Policy Terms: 5 years – 16 years
o Minimum Sum Assured: Rs.5 lakh
6. LIC New Jeevan Anand
LIC Jeevan Anand is a non-linked, non-participating insurance plan offered by the company. This plan is a combination of both whole-life policy and endowment, which provides the buyer with comprehensive coverage. This plan also offers death benefit to the holder in case of any unfortunate event.
o Entry Age: 18 years – 50 years
o Maximum Maturity Age: 75 years
7. LIC New Jeevan Shanti
LIC New Jeevan Shanti is a deferred annuity plan that offers financial security after retirement. It offers a choice between single life and joint life annuity. policy
Under the policy, benefits are paid on survival or death and are fixed and guaranteed. The policy can be purchased both online and offline. This plan confirms that it pays an income during the deferral period and adjusts the death benefit accordingly to ensure the payout is never less than 105% of the original investment. The main features of the New Jeevan Shanti policy are mentioned below:
o Entry Age: 30 years – 79 years
o Maximum Maturity Age: 80 years
o Different Policy Terms: NA
o Minimum Sum Assured: NA
8. LIC Jeevan Amar
LIC Jeevan Amar is a pure risk term insurance plan that offers a high level of financial security to policyholders' families in case he/she passes away during the policy term. It is an economical choice as it offers economical premium rates. Death benefit can be paid out through two options, level sum assured (constant throughout) and increasing sum assured (increases by 10% annually from the 6th to the 15th year). It can be purchased only through offline mode. Policyholders can also select from three premium payment methods: single, regular, or limited premium. You can choose to receive the death benefit in installments over 5, 10, or 15 years instead of a single lump sum. This plan offers special lower premium rates for women. Some of the main features of the policy are mentioned below:
o Entry Age: 18 years – 65 years
o Maximum Maturity Age: 80 years
o Different Policy Terms: 10 years – 40 years
o Minimum Sum Assured: Rs.25 lakh
9. LIC Jeevan Labh
LIC Jeevan Labh is an endowment assurance plan that offers a combination of savings and protection features. Its main feature is a limited premium payment term. In case the policyholder passes away, financial support is provided to the family. The death sum assured is provided to the nominee if the policyholder passes away. The main features of the plan are mentioned below:
o Entry Age: 8 years – 59 years
o Maximum Maturity Age: 75 years
o Different Policy Terms: 16 years. 21 years, and 25 years
o Minimum Sum Assured: Rs.2 lakh
10. LIC Amritbaal
LIC Amritbaal is an individual child endowment plan that offers financial security for the child's future education or other needs. The plan offers single premium or short-term premium terms. Guaranteed addition of a certain amount (Rs. 80 per thousand of basic sum assured) ensures growth. Death and maturity benefits can be received in installments over 5, 10, or 15 years.
o Entry Age: 30 days – 13 years
o Maximum Maturity Age: 20 years
o Different Policy Terms: 25 years
o Minimum Sum Assured: 7-10 times in Limited Premium Payment. 1.25-10 times in Single Premium Payment.
FAQs on Top LIC Plans with Highest Returns
- What are the benefits of the LIC Jeevan Anand Policy?
LIC Jeevan Anand Plan provides the double the benefit of savings and protection. The plan offers financial protection in case of the unfortunate death of the insured and also the lump sum amount in the case of the survival of the policyholder.
- What is the survival benefit of LIC's New Children Money Back Plans?
In the LIC's New Children Money Back Plan, the company will pay the basic sum assured on each occasion when the insured completes, 18,20, and 22 years of age.
- Is a medical test required for LIC Jeevan Amar Plan?
LIC Jeevan Amar Plan has two categories - Smoker, Non-Smoker. If you select the non-smoker category, you have to undergo a medical test like Urinary Cotinine Test. The premium amount will be applicable based on the medical test result.
- What are the minimum and maximum age limits for applying for a LIC Endowment Plan?
The minimum and maximum age limits for applying for a LIC Endowment Plan are eight years and 55 years, respectively.
- How can I claim my LIC Money Back?
The policyholder should return the duly filled discharge form with NEFT Mandate Form, policy document, and KYC document.
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