LIC insurance plans

Those who want a maturity payout in their own hands plus continued life cover after maturity.

Savers who want to stop paying premiums earlier than the policy term.

First-time policyholders wanting a simple with-profits endowment plan.

Savers who prefer a non-participating plan with pre-defined guaranteed additions.

Those who want a regular income stream starting a few years after premium payment ends.

Cost-conscious buyers who want high cover at a low premium.

Those wanting a term plan with a choice of level or increasing cover.

First-time term buyers who want a simple, IRDAI-standardised policy.

Digitally-savvy buyers who prefer an online-only journey.

Savers who want liquidity at regular intervals rather than only at maturity.

Those who prefer paying once and receiving periodic survival benefits.

Buyers wanting a higher minimum sum assured with periodic payouts.

Parents planning for a child's education or other future milestones.

Parents who want periodic payouts before the child turns independent.

Those planning ahead for a fixed income stream starting at a future date.

Retirees who want income to begin immediately after a lump sum investment.

Buyers who want a simple, IRDAI-standardised annuity product.

Those comfortable with market-linked growth while building a pension corpus.

Retirement savers who prefer non-market-linked, predictable accumulation.

Investors who want disciplined, regular investing alongside insurance.

Those with a lump sum to invest who still want a life cover component.

Investors wanting a familiar endowment structure with market-linked upside.

Investors who prefer a passive, index-tracking approach within a ULIP.