For many people, one name stands out for financial security the Life Insurance Corporation of India (LIC). On its official website, licindia.in, LIC presents a range of plans that offer both life cover and potential savings. In this Article At Money Moksh. we’ll highlight the Top 5 LIC investment plans that guarantee life insurance while providing returns, helping you make a confident choice.
We aim to use engaging and straightforward language. Our goal is to help you learn something as you read. Let’s dive in and see how “licindia.in” can be your starting point for selecting the right plan.
The Top 5 LIC Plans : Security and Savings
Here are five prominent plans from LIC that effectively combine life protection with savings or investment benefits. Remember, “guaranteed returns” in this context means the assured sum is guaranteed, but the bonus or participation returns may vary.
1. LIC Jeevan Labh
This is a well-known endowment product from LIC. It offers :
- Life cover during the policy term to protect your family if something happens.
- Maturity benefits if you survive the term, you receive the assured sum plus bonuses.
- A limited premium paying term, meaning you pay premiums for a shorter period (such as 10, 15, or 16 years), while the policy lasts longer (16, 21, or 25 years).
- Tax benefits under Section 80C and 10(10D) of the Income Tax Act.
Why choose it? If you’re looking for a safe, long-term plan where you pay premiums for a shorter duration but have coverage for a longer time, Jeevan Labh is a solid option.
2, LIC New Money Back Plan – 20 Years
- This plan is ideal for those who want periodic cash flows, not just a final maturity sum. Features include:
- A non-linked, participating plan: you receive survival benefits at fixed intervals (after 5, 10, or 15 years) in addition to the maturity benefit.
- Life cover throughout the term: if you pass away during the term, the assured sum plus bonuses go to the nominee.
- A loan facility: you can borrow against the policy if needed.
Why choose it? If you want to secure savings while having periodic liquidity, this money-back plan is beneficial.
3. LIC New Money Back Plan – 25 Years
- This plan follows a similar concept to the 20-year option but features a longer term:
- A policy term of 25 years, with a typical premium paying term of 20 years.
- It’s a participating plan that provides survival and maturity benefits.
- It combines coverage, savings, periodic payouts, and maturity benefits.
Why choose it? If you can commit to the long term, you could benefit from better accumulation and bonuses.
4. LIC New Endowment Plan
Endowment plans tend to be more conservative savings and protection options. According to LIC’s website, endowment plans “secure your future with guaranteed returns.”
While we don’t have a detailed brochure here, these plans generally mean that you pay regular premiums for the term, receive the assured sum plus bonuses at the end, and if death occurs, your family gets the assured sum (which may be higher).
Why choose it? If you prefer a straightforward structure with assured cover and savings but no periodic payouts, an endowment plan is a clear choice.
5. LIC New Children’s Money Back Plan
- This plan is tailored for children’s futures:
- It provides survival and maturity benefits aimed at educational or marriage needs.
- It includes life cover for the child and can incorporate premium waiver riders.
Why choose it? If you want to secure your child’s future with a combination of protection, savings, and periodic payouts, this plan is effective.
What to Keep in Mind (for “licindia.in” Users) :
When browsing the official site licindia.in and reviewing these plans, keep these points in mind :
- Always check the entry age, policy term, and premium paying term, as these vary across plans.
- Higher sums assured offer better protection but also mean higher premiums.
- Bonus and profit participation : Many plans are “participating,” meaning they receive bonuses declared by LIC. These are not guaranteed; while the assured sum is guaranteed, bonuses depend on LIC’s financial performance. For example, Jeevan Labh mentions a simple reversionary bonus along with a final additional bonus.
- Tax benefits : Premiums (within limits) can qualify for deductions under Section 80C, while maturity or death benefits are usually tax-free under Section 10(10D), subject to conditions.
- Surrender or paid-up options : If you stop paying premiums, the policy may convert to paid-up status or you may surrender it. For instance, Jeevan Labh provides a surrender value table.
- Liquidity : Some plans provide survival benefits and borrowing options.
- Riders : You can often enhance your coverage with riders like Accidental Death & Disability Benefit Rider or Term Assurance Rider.
Always use the official site licindia.in and consult a licensed LIC agent or advisor. Don’t rely solely on hearsay.
Current Trends and News Update
It’s wise to relate these plans to current market events. Recently :
LIC’s classification has been in the news as regulators approved a reclassification of its stake in IDBI Bank before the bank’s divestment.
More importantly for policyholders : LIC launched a policy revival campaign for lapsed non-linked policies, offering up to a 30% concession on late fees between August and October 2025.
What this means for you : If you have or are considering one of these plans but missed premium payments or experienced delays, LIC is showing flexibility. This provides reassurance. Additionally, the regulator’s scrutiny of LIC’s investments indicates the company is under public and regulatory review, highlighting the importance of choosing a trusted insurer.
Staying informed about such trends helps you not only select a plan but also understand the insurer’s institutional background.
How to Approach It?
Here’s a closer look at how to handle these plans, especially through licindia.in :
- Define your objective : Are you seeking long-term savings (20-25 years) along with coverage? Then the Money Back 25-year plan or Jeevan Labh may fit well. Do you want occasional payouts (for example, as your child approaches education age)? Choose a Money Back plan. Prefer a simple endowment with a single payout at the end? Go for the Endowment Plan. Have a child and want to secure their future? The Child Money Back Plan is suitable.
- Check eligibility : Entry age, maturity age, sum assured, and premium paying terms vary. For instance, Jeevan Labh allows entry from age 8 and above.
- Premium versus sum assured trade-off : You need to figure out how much you can spend on premiums and what sum assured you’ll receive. LIC’s premium calculators (available on licindia.in) can help. For example, for a 35-year-old with a sum assured of ₹10 lakhs, the premium might be about ₹54,707 annually for a 21-year term.
Understand the payout and benefit structure
- Death Benefit : Should you pass away early, the nominee gets the sum assured (or higher) plus bonuses.
- Maturity Benefit : If you survive, you receive the sum assured plus bonuses.
- Survival Benefit (for Money Back) : You receive periodic payouts at set intervals before maturity.
- Bonus component : With participating plans, you get yearly simple reversionary bonuses and a final additional bonus if applicable. These depend on the insurer’s performance.
- Surrender or paid-up : If you stop paying premiums after several years, the policy might become paid-up or you might surrender it, resulting in reduced benefits (refer to the tables in Jeevan Labh).
- Liquidity and riders : Need flexibility? Some plans allow you to borrow against the policy, receive survival benefits, or choose death benefits in installments. For example, Jeevan Labh allows death benefits to be paid in installments.
Tax and financial planning context
- Premiums qualify for deduction under Section 80C (up to ₹1.5 lakh).
- Maturity or death benefits are tax-free under Section 10(10D), subject to conditions.
- Consider your existing portfolio : If you already have term insurance, adding a savings-cum-insurance plan helps diversify.
- Align the plan term with your financial goals (such as higher education for kids or retirement).
- Read the fine print and compare
- Always check the official brochure at licindia.in.
- Compare premiums and benefits across similar plans (for the same sum assured and age) to see which offers better value.
- Note that “guaranteed returns” refer to the assured sum; the bonus is variable.
Conclusion
At Money Moksh, we believe smart financial planning involves merging protection and savings. The five plans from LIC (Jeevan Labh, Money Back 20 years, Money Back 25 years, New Endowment, and Children’s Money Back) provide life cover and savings through a reputable institution accessible at licindia.in.
While the term “guaranteed returns” is often used in financial marketing, what should really matter is peace of mind—knowing your family is protected, your savings are working, and you have a plan. These LIC plans help you achieve that.
Before deciding, define your goals (what you’re saving for), check your budget (affordability of premiums), understand the terms (policy term, premium paying term, sum assured), read the official brochure, and consult a certified LIC advisor if necessary.
Lastly, staying aware of institutional and market trends is essential. LIC’s recent revival campaign and regulatory developments show that even established institutions change—so you, as a policyholder, should stay engaged.
Take action: Visit licindia.in, compare plan brochures, use calculators, narrow down to 1-2 plans, and make an informed decision today. Your future self will appreciate it.
Here’s to smart savings, real protection, and a secure financial future!