Buy New LIC Policy Online

Q: Which is best LIC term plan?

Jeevan Amar is the best LIC term plan, available from age 18 to 65 years for both male & female.

LIC's best online policies Best LIC Policy for investment, Protection & Tax saving

LIC New Endowment Plan

Plan Type: Tax saving

LIC has introduced New Endowment Plan (Table no. 914) with all the benefits like Investment, Savings, Tax-benefits, Risk coverage, Accident rider benefit, Loan facility, Surrender option etc., Premiums paid under this policy are eligible for Tax benefit under section 80C and Maturity proceedings are Tax free under section 10, 10(D). This is with profits plan and not related to any share market.

Features

Minimum Basic sum
Assured :
Rs. 1,00,000

Premium Payment Term :
12 to 35 Years

Entry Age:
8 to 55 years

Benefits

A lump sum Tax-free Maturity benefit at the end of policy term.
Double tax benefit: premiums & returns.
Convenient access to liquidity through policy surrender or loan options.

LIC New Jeevan Anand Plan

Plan Type: Tax saving

As life demands financial commitments at all stages of life till our death, it is best that we get prepared for any unforeseen challenges by safeguarding future for our loved ones. LIC offers you a unique One Stop Solution Plan which is a Double benefit policy —“NEW JEEVAN ANAND PLAN”.

Features

Minimum Basic sum
Assured :
Rs. 1,00,000/-

Premium Payment Term :
15 to 35 years

Entry Age:
18 to 50 years

Benefits

Get big lump sum payment at the end of policy term
After policy term, Free life cover for rest of the life
Enjoy double tax benefits, both on premiums paid and returns

LIC New Jeevan Labh Plan

Plan Type: Tax saving

Jeevan Labh plan, a popular LIC policy, caters to professionals and self-employed individuals. It offers a balanced mix of investment and insurance, boasting low premiums and attractive returns. Notably, you pay premiums for a limited duration, while enjoying insurance coverage throughout the policy term.

Features

Minimum Basic sum
Assured :
Rs. 2,00,000 /-

Premium Payment Term :
10 Years / 15 Years / 16 Years

Entry Age:
8 to 59 years

Benefits

Low premiums with high returns
Up to 9 years premium holiday with limited premium payment
Option to choose flexible premium payment terms

LIC New Jeevan Lakshya Plan

Plan Type: Tax saving

There is no denying that you will have greater peace of mind if you know that you and your loved ones are financially secure from various unforeseen situations. Uncertainties in life could crop up at any moment. Insurance plans are beneficial to anyone looking to protect their family. Thus, there is a pressing need of insurance for you and your family for proper coverage and financial support against all risks linked to your life.

Features

Minimum Basic sum
Assured :
Rs. 1,00,000 /-

Premium Payment Term :
10 to 22 Years

Entry Age:
18 to 50 years

Benefits

Best plan for the benefit of the child
In case of death, 10% of Sum Assured is paid every year
Gain dual Tax Benefit, applicable on both premium payments and Returns

LIC New Jeevan Umang Plan

Plan Type: Tax saving

Average life expectancy in India is increasing year on year due to advancement in science & technology, So it has become increasingly important to plan for a longer, happier & peaceful retired life and ensure financial security and independency.

Features

Minimum Basic sum
Assured :
Rs. 2,00,000 /-

Premium Payment Term :
15 / 20 / 25 / 30 Years

Entry Age:
0 to 55 years

Benefits

Guaranteed income = Relaxed retirement
Get regular income every year after premium paying term
Enjoy triple Tax benefit: On premiums paid, Maturity amount & get tax-free Pension

LIC New Money Back plan (20Years)

Plan Type: Money Back Plan

Life is all about comfort, happiness and creating moments of joy with your loved ones at regular intervals. To live these moments to the fullest you need to have assurance of a life cover to protect your loved ones in case of any uncertainties and also plan for various life goals like marriage, parenthood, children’s education and any unforeseen emergencies for which you would need a financial plan that gives you the reassurance of a guarantee. Keeping this in mind, LIC introduces “NEW MONEY BACK PLAN” a protection and savings oriented life insurance plan with guaranteed money back every 5 years to help you achieve your life goals.

Features

Minimum Basic sum
Assured :
Rs. 1,00,000 /-

Premium Payment Term :
15 Years

Entry Age:
13 to 50 years

Benefits

Income at regular intervals, Money back is paid every 5 years
Assured money back returns, 20% of Sum assured every 5 years
A lump sum amount at the end of the policy term as Maturity benefit

LIC New Jeevan Tarun Plan

Plan Type: Child Plan

Today, the dreams of children are bigger and more focused than those of the generation gone by. As young parents of the current generation , we encourage our little ones to have higher ambitions and make sure we don’t leave any stone unturned. We in order to fulfill our child’s dream, we tend to have a vision early on how would their life shape in the future. We in LIC understand this vision and give shape to them.

Features

Minimum Basic sum
Assured :
Rs. 75,000 /-

Premium Payment Term :
8 to 20 Years

Entry Age:
0 to 12 years

Benefits

Plan available for child from age 90 days to 12 years
Option to take Lumpsum on maturity (or) Money back from age 20 to 25 years
Flexibility to choose Money back at 5%,10% or 15% of Sum assured

Popular Popular LIC Plans Online lic life insurance policies online

There are five main types of life insurance that you must know about before deciding to invest in a policy.

Term Life Insurance: The policy provides a substantial sum assured to beneficiaries in the event of the policyholder's death, at an affordable premium rate. However, it does not offer any maturity value.

Endowment Plans Popular LIC Tax Saving Plans: It's a combination of Insurance coverage, Savings and Tax benefits. Endowment Plans offers a Lumpsum at the end of policy term.

Money Back Plans: These plans provide you with an opportunity to enjoy a payout at regular intervals (every 5 years). These plans can be considered as a way to generate regular income at periodic intervals for some planned expenses such as children's education, marriage etc. This pay-out will depend on the sum assured under your plan.

Unit Linked Investment Plans: If you're searching for a way to make the most of your money and benefit from both rising equity markets and an insurance cover; then you can consider Unit Linked Investment Plans (ULIPs). Over the long-term, you can expect to get substantial returns depending on market performance in conjunction with the equally substantial peace of mind offered by this plan considering each unit carries an insurance cover.

Annuity plans: These are pension products, that are specifically designed to provide an fixed income every year for the rest of life. It is a source of guaranteed income to ensure a financial independence and ensure a happy & peaceful retired life. Under Annuity plans you can choose to pay Single Premium or Regular Premium for a fixed term.

Difference between online and offline policy?

Benefit	Buying Policy Online	Buying Policy Offline
Convenience & Ease of buying	When one decides to buy an insurance policy online with LIC, you will be able to choose and compare insurance plans and even get an instant quote while you're sitting at home.	In the case of buying insurance offline, you will need to visit the insurance office or speak to an advisor to understand the plans before you decide to buy.
Minimum Documentation	First of all, you do not need to submit any hard copy documentation during the online policy purchasing procedure. Soft copies form a majority of the required documentation.	Hard copies of documents will need to be submitted to the LIC branch office or agent.
Less Paperwork	With a copy of your Aadhar card, you can buy an LIC Insurance policy	Aadhar, PAN card, Passport photos along with hard copy documents will need to be submitted.
Transparency	The online process is more transparent as you can get all information about the policy from our website.	Dependency on the insurance advisor for information regarding premium amount, insurance riders may not be revealed to the customer.
Online Payment	When you buy a LIC policy online, you can pay using credit, debit or UPI wallet	You can pay only using Cash or Cheque.
Cancellation	You can cancel your insurance policy within 15 days of purchase by sending an email to the company.	Offline policy requires you to visit the branch office and submit hard copy a letter in case of insurance policy cancellation.

Benefit	Convenience & Ease of buying
Buying Policy Online	When one decides to buy an insurance policy online with LIC, you will be able to choose and compare insurance plans and even get an instant quote while you're sitting at home.
Buying Policy Offline	In the case of buying insurance offline, you will need to visit the insurance office or speak to an advisor to understand the plans before you decide to buy.

Benefit	Minimum Documentation
Buying Policy Online	First of all, you do not need to submit any hard copy documentation during the online policy purchasing procedure. Soft copies form a majority of the required documentation.
Buying Policy Offline	Hard copies of documents will need to be submitted to the LIC branch office or agent.

Benefit	Less Paperwork
Buying Policy Online	With a copy of your Aadhar card, you can buy an LIC Insurance policy
Buying Policy Offline	Aadhar, PAN card, Passport photos along with hard copy documents will need to be submitted.

Benefit	Transparency
Buying Policy Online	The online process is more transparent as you can get all information about the policy from our website.
Buying Policy Offline	Dependency on the insurance advisor for information regarding premium amount, insurance riders may not be revealed to the customer.

Benefit	Online Payment
Buying Policy Online	When you buy a LIC policy online, you can pay using credit, debit or UPI wallet
Buying Policy Offline	You can pay online using Cheque or Cash.

Benefit	Cancellation
Buying Policy Online	You can cancel your insurance policy within 15 days of purchase by sending an email to the company.
Buying Policy Offline	Offline policy requires you to visit the branch office and submit hard copy a letter in case of insurance policy cancellation.

Benefits Buy LIC Policy Online of buying LIC policy online

Fast, Convenient & Hassle free
Zero paper work
Quick assistance
Saves your time & efforts
More transparency - All charges are shown upfront before buying policy
No pressure of buying, buy only when satisfied
Full information provided before buying policy
Pay by Debit/ Credit card/ UPI wallets

Documents Required to Buy LIC Policy Online Or Offline

Buying LIC Policy Online with LICNewPolicyOnline.com		Buying A Policy Offline visiting LIC branch or through an agent
Address Proof	Aadhar Zip File	Address Proof	Aadhar
ID Proof		ID Proof	Pan Card or Aadhar
Age Proof		Age Proof	Aadhar / Driving License
		Income Proof	IT Returns of last 2 years
		Photo	Passport Photo

Buying Online Policy with LICNewPolicyOnline.com
Address Proof	Aadhar
ID Proof
Age Proof

Buying A Policy Offline visiting LIC branch or through an agent
Address Proof	Aadhar
ID Proof	Pan Card or Aadhar
Age Proof	Aadhar / Driving License
Income Proof	IT Returns of last 2 years
Photo	Passport Photo

Steps to buy LIC Policy OnlineBuy LIC Policy Online

Policy will be completed and risk coverage will commence.

Visit the 'Buy Now' page to choose from the type of LIC insurance plans such as Tax Saving, Money Back etc. You can choose based on your requirement.

Get a personalised quote as per your required Premium and Insurance coverage.

You can proceed further to fill in your personal details

A confirmation page will be displayed with the plan you have selected with the information submitted.

Based on the information provided, you will be sent a formal proposal to your registered email address that contains the policy term and the premium paying term.

Based on the acceptance of the Insurance proposal, you will be provided with the online payment options including Credit/Debit cards and UPI wallet payment options.

Once the payment is made, Policy will be completed on next working day and E-policy document will be sent to your registered Email id.

Hard copy of policy document will be sent by registered post to your address.

Frequently Asked Questions

1. What is online insurance policy?

Insurance can be complicated. Understanding a product's features, often derived from fine print, and determining the best choice for your needs can be difficult. However, when you decide to purchase an insurance product it's often worth the research required to find the plans that meet your needs.

This is where buying online insurance can be referred to as a modern and advanced and convenient alternative that provides consumers with a range of options to choose from when purchasing insurance policies. It makes it possible to browse, compare and select from different product categories without the hassle of visiting the LIC’s local branch. Trained LIC representatives will explain all your policy choices whenever you need help making decisions about the coverage for your household or family income security needs.

2. How to activate LIC policy online?

As soon as you pay the first insurance premium online, your policy commences and is activated. You can register for e-services from the LIC portal such as online premium payments, loan on policy requests, change of Address etc.

3. Which online LIC policy is best?

The 2 best LIC online policy is (1) JEEVAN LABH Plan, as it has limited premium payment option with very high returns (2) JEEVAN UMANG Plan, a guaranteed Tax-free pension plan for life

4. Which LIC policy is best for salaried?

For working professionals LIC's New Jeevan Anand plan is ideally suited being a combination of protection and savings that provides you with financial protection in case of death or survival throughout the term of the policy, as well as a lump sum payment at the end of your policy tenure. It has all the benefits like Insurance cover, Accidental & Permanent disability rider, Savings, Tax-benefits under section 80C, Tax free Maturity and Death claim amount, Loan, Surrender option etc.

5. Which is best online policy for child?

LIC offers 2 child plans namely

1. Children's Money Back plan :LIC's New Children's Money Back Plan In this plan, premiums are paid till child age 25 years. Money back is paid on child age @ 18, 20 & 22nd year and final maturity amount is paid when the child reaches the age of 25 years.

2. Jeevan Tarun plan:LIC Jeevan Tarun Premiums are paid till child age 20 years. Money back is paid on child age @ 20, 21,22 23 & 24 years and final maturity at Child age 25 years. If not interested in Money back, then option to choose Lumpsum amount at age 25 years

6. How can I claim my LIC policy online maturity?

You need to submit your Original Policy bond along with any ID proof LIC Policy Maturity Claim Online and Bank details to servicing branch. Maturity amount will be directly credited to your Bank account.

7. Which is the best LIC policy for 5 years?

LIC does not have any 5 years Policy. Minimum Term available is 10 years.

8. Which is best LIC term plan?

Jeevan Amar is the best LIC term plan,LIC Jeevan Amar available from age 18 to 65 years for both male & female.

9. How can I know my LIC maturity amount?

You will receive Maturity discharge form (maturity amount will be mentioned in the form) 3 months prior to maturity date to your residential address and also to your registered email I'd. Alternatively you can call LIC Customer care or Servicing branch for Maturity details.

10. How can I know my LIC premium amount?

You will receive a reminder before due date to your registered mobile number & also to registered email id. You can also check Policy & premium details in registered Customer portalLIC Premium Amount

11. Can I get LIC premium receipt online?

Yes, you get generate premium receipt anytime in your registered customer portal