LIC Endowment Plans are life insurance policies that combine protection with savings. Unlike term insurance, these plans offer a lump sum payout either on death or at the end of the policy term—making them ideal for long-term financial goals like education, retirement, or wealth creation. Agent and Advisor Contact: 9739091119
An endowment plan is a life insurance policy that offers:
- Death Benefit: Paid to the nominee if the policyholder passes away during the term.
- Maturity Benefit: Paid to the policyholder if they survive the policy term.
- Bonus Additions: Many LIC endowment plans are “with-profits,” meaning they accumulate bonuses declared by LIC.
| Plan Name | Plan No. | Key Features |
|---|---|---|
| LIC’s New Endowment Plan | 714 | Dual benefit of savings + protection, flexible premium options |
| LIC’s Single Premium Endowment | 717 | One-time premium payment, guaranteed returns |
| LIC’s Jeevan Anand | 715 | Lifetime coverage even after maturity |
| LIC’s Jeevan Lakshya | 733 | Ideal for child’s future planning |
| LIC’s Jeevan Labh | 736 | Limited premium payment, high returns |
| LIC’s Amritbaal | 774 | Tailored for children’s financial goals |
| LIC’s Bima Jyoti | 760 | Guaranteed additions every year |
| LIC’s Jeevan Azad | 768 | Simple structure, fixed benefits |