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LIC of India was formed in 1956 and now serving with more than 2000 branch and 8 zonal offices in India in more than 54 cities with 250 million lives insured.
LIC of India provides life insurance products like term insurance, retirement plans, children plan, unit linked plans, medical insurance and more. With the services of more than 5 decades LIC has gain good faith and trust of people from low income families to business categories. LIC has been playing a vital role in development of rural area by making spreading life insurance much more widely in rural areas. Although competition has certainly increased in insurance sector since the IRDA has invited private sector insurance companies but LIC has been still holding more than half of life insurance business (No. of Life insured and Total income).
LIC has a series of excellent life insurance products and has been presenting innovative products keeping the future financial protection in view.
LIC has two major term insurance product Anmol Jeevan (table no. 164) and amulya Jeevan (table 190) with same features but differing the SUM assured and premium amounts.
In retirement Plans or Pension Plan there is Jeevan Akshay (plan no. 189) with 7 different plans features in one to choose.
Children Plans are exclusively and are developed with various needs like Jeevan Ankur (table no. 807), Komal Jeevan (table no. 159) and Jeevan Chhaya (table 103).
Some plans specially designed for Unit linked and Endowment plans features like Jeevan saral table no. 165 are top of the time now.
Money back plans like Bima Bachat table 175 are there to stand for your future needs and planning of tomorrow.
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