Life Insurance Corporation of India (LIC) has been a trusted name in life insurance for decades. Its schemes provide financial security to families in case of unforeseen events and also help in disciplined savings. In 2025, LIC continues to offer a variety of plans tailored to different needs, including retirement planning, wealth creation, and family protection. Choosing the right plan can ensure long-term financial stability and peace of mind.
1. LIC Jeevan Anand
LIC Jeevan Anand is one of the most popular endowment-cum-life insurance plans. It provides a combination of risk coverage and savings benefits. The plan offers a lump sum payout in case of the policyholder’s death during the policy term along with accrued bonuses. If the policyholder survives the policy term, they receive the maturity sum along with bonuses. This dual benefit makes Jeevan Anand suitable for individuals who want both protection and wealth accumulation over time.
2. LIC Jeevan Labh
LIC Jeevan Labh is a limited premium payment endowment plan that offers financial security and a maturity benefit. It provides a lump sum payout to the nominee in case of the policyholder’s demise during the policy term. If the policyholder survives, they receive the maturity sum along with bonuses. Its limited premium payment feature makes it attractive for individuals looking for a plan with short-term contributions but long-term benefits. This plan is ideal for those who want a mix of savings and protection without a long-term financial commitment for premium payments.
3. LIC Jeevan Umang
Jeevan Umang is a whole life insurance plan that provides lifelong coverage with financial protection and savings benefits. It ensures a death benefit to the nominee while also offering a survival benefit to the policyholder at the end of the premium payment term. Jeevan Umang is particularly suitable for individuals looking to secure their family’s financial future while also ensuring a regular payout during later years. Its lifelong protection and maturity benefits make it a top choice among retirees and senior citizens.
4. LIC New Jeevan Shanti
LIC New Jeevan Shanti is a single premium immediate annuity plan that focuses on providing regular income after retirement. Policyholders can receive monthly, quarterly, half-yearly, or yearly annuity payments depending on the chosen option. This plan is particularly beneficial for retirees who want a steady and reliable source of income to meet post-retirement expenses. It also provides flexibility in terms of annuity options, making it easier to plan financial requirements according to lifestyle needs.
5. LIC Jeevan Tarun
LIC Jeevan Tarun is a child plan designed to secure the future financial needs of children. Parents or guardians can take the policy on behalf of the child, ensuring that funds are available for education, marriage, or other milestones. The plan provides survival benefits at specific intervals and a lump sum payout at maturity. This plan ensures disciplined savings for the child’s future and offers financial security even in case of the parent’s untimely demise.
Key Benefits of LIC Plans
LIC plans offer multiple advantages beyond financial protection. They provide disciplined savings through regular premium payments, ensuring that individuals build a corpus over time. Many plans also offer tax benefits under Section 80C of the Income Tax Act, while the maturity or death benefits may be exempt under Section 10(10D). Additionally, LIC policies come with government backing, which adds credibility and security to the investment.
Eligibility and Premium Details
Eligibility for LIC plans generally ranges between 18 and 65 years depending on the chosen plan. Premium amounts vary according to the policyholder’s age, sum assured, and policy term. Some plans require premiums to be paid throughout the policy term, while others allow limited premium payment periods. This flexibility allows policyholders to select plans according to their financial goals, income capacity, and retirement planning needs.
How to Apply for LIC Plans
Applying for LIC plans is straightforward. Individuals can visit the nearest LIC branch or authorized agent to discuss the available plans and choose the one that suits their needs. Required documents include proof of identity, address, and age, along with medical reports if necessary. Some LIC policies are also available for online purchase, providing convenience and accessibility. The application process is designed to be simple and transparent, making it easy for first-time investors to get coverage without complications.
Why Choose LIC in 2025
LIC remains one of the most trusted life insurance providers in India due to its legacy, reliability, and government backing. Its plans cater to diverse needs, including retirement income, child’s future, and wealth creation. With options for flexible premiums, guaranteed benefits, and tax advantages, LIC policies are an ideal choice for individuals seeking financial security for themselves and their families. For anyone looking to plan long-term financial goals in 2025, LIC offers some of the most dependable life insurance solutions.
Conclusion
The top 5 LIC plans in 2025—Jeevan Anand, Jeevan Labh, Jeevan Umang, New Jeevan Shanti, and Jeevan Tarun—offer a combination of financial protection, savings, and long-term security. These plans are suitable for individuals across different life stages, whether for retirement planning, child’s future, or wealth accumulation. By choosing the right LIC plan, policyholders can ensure financial stability, tax benefits, and peace of mind for themselves and their loved ones.
Disclaimer
This article is intended for informational purposes only. Terms, premiums, and benefits of LIC plans are subject to change as per LIC regulations. Individuals should consult a financial advisor before making investment decisions.
