Life insurance Corporation of India (LIC) is the principal life insurance player in India Insurance Industry. Its physically powerful brand backed by long experience and well recognized network has helped it to stay behind on the peak. LIC offers an extremely gigantic and huge range of diversified products catering to needs of various sections of people in India.
PlanMin Premium Bonus Declared? NAV Declared? Loan Available? Tax benefit?
Jeevan Anand 1500
Jeevan Mitra (Double Cover Plan) 1600
Endowment Assurance (L.P) 2000
Endowment Assurance (S. P) 16000
Jeevan Pramukh
Jeevan Mitra (Triple Cover Plan) 1700
New Janaraksha Plan 1600
Endowment Assurance – (R.P) 1200
Jeevan NidhiI – RP 3000
New Jeevan Suraksha-I 2500
New Jeevan Dhara-I 2500
Jeevan Nidhi – SP 10000
Jeevan Anurag – RP 2000
Marriage Endowment Or Educational Annuity Plan 1800
Children’s Deferred Endowment Assurance Plan 21 2000
Jeevan Anurag – SP 25000
Children’s Deferred Endowment Assurance Plan 18 1200
Komal Jeevan 1200
Child Career Plan 1000
Child Future Plan 1200
Jeevan Chhaya 2000
Jeevan Kishore 1000
Child Fortune Plus RP 10000
Jeevan Akshay VI 3000
Pension Plus 15000
Endowment Plus 20000
The other subsidiary companies under LIC are:
Life Insurance Corporation (LIC) of India International – A joint venture offshore company promoted by LIC which commenced its operations in July, 1989 with the purpose of contribution policies denominated in US $ to NRIs reside in the Gulf.
LIC Nepal – Formed in 2001 in joint venture with Vishal Group of Industries, Nepal.
LIC Lanka – Formed in 2003 in joint venture with Bartleet Group of Companies, Sri Lanka
LIC Housing Finance – Established in 19 though June, 1989 in Dubai with the objective of providing long term finance for construction of houses or apartments.
LIC Housing Finance Limited Care Homes – A completely owned contributory of LIC Housing Finance which builds “Assisted Community Living Centers” for superior citizen.
With its ever-expanding operation, LIC has place an example for additional Public Sector Undertakings of India to follow.