📈 LIC’s 5 Best Schemes: Safe Money + Good Returns

G GOWTHAM
The Life Insurance Corporation of india (LIC) is backed by the indian government and has one of the highest claim settlement ratios and trust scores in the insurance market, which makes its policies a safe choice for long‑term financial goals.

1. lic New jeevan Anand — Savings + Life Cover

✔️ Why it’s great: Combines long‑term savings with life insurance protection.
✔️ What you get:

  • Guaranteed payout at maturity + life cover
  • Reversionary bonuses (additional value added over time)
  • Lifelong protection even after maturity of plan
This plan is a staple for individuals who want both protection and a secure savings outcome — ideal for goals like children’s education or retirement.

2. lic jeevan Labh — High Returns with Shorter Premium Term

✔️ Why it’s popular: You pay premiums for a limited number of years but enjoy benefits for the full policy term.
✔️ Key benefits:

  • Endowment policy with bonus additions
  • Strong maturity value relative to premiums paid
  • Good balance of life cover + savings
This makes it one of LIC’s top-selling efficient investment plans.

3. lic jeevan Umang — Lifetime Payouts + Protection

✔️ Best for: Those planning long-term stability and future income.
✔️ Features:

  • Life cover for the whole life of the policyholder
  • Annual survival benefits after premium payment period
  • Maturity / death benefit with bonus additions
Jeevan Umang is frequently chosen by people thinking about retirement planning or long‑term financial security.

4. lic Index Plus — Insurance + Market‑Linked Growth

✔️ Type: Unit Linked Insurance Plan (ULIP)
✔️ Why it stands out:

  • Combines insurance protection with exposure to market returns
  • You can choose funds based on your risk appetite
  • Offers guaranteed additions at certain milestones
If you want potentially higher returns than traditional plans while still having life coverage, this plan is a good choice — but remember ULIPs are market‑linked, so returns are not assured.

5. lic jeevan Shanti or jeevan Akshay (Pension / Income Options)

✔️ Who it’s for: Those who want steady income after investing a lump sum.
✔️ How they work:

  • You invest a lump sum amount
  • LIC provides regular annuity payments (monthly/quarterly/yearly)
  • Some variants even return premiums if you survive the term
These are ideal if your goal is guaranteed recurring income rather than growth‑focused investment.

📌 Why These lic Plans Are Considered Safe

✅ Backed by government Guarantee
LIC operates under an Act of Parliament, giving policyholders strong legal protection compared with many private insurers.

✅ Life Cover + Savings in One
Most plans offer both risk protection (death benefit) and long‑term savings, unlike pure market investments that can dip during downturns.

✅ Maturity Bonuses Add Value
Traditional with‑profits policies add reversionary bonuses (declared based on LIC’s performance), which increases total returns on maturity.

📊 Quick Comparison

Plan Name

Best For

Money Safety

Return Potential

New jeevan Anand

Long-term savings + cover 💼

Very high

Moderate + bonuses

Jeevan Labh

Efficient savings with limited premiums ✅

Very high

Good

Jeevan Umang

Lifetime income planning 👵

High

Moderate + bonuses

Index Plus (ULIP)

Insurance + market growth 📈

Moderate

Higher (market‑linked)

Jeevan Shanti / Akshay

Guaranteed pension / income 💰

Very high

Fixed income

📌 Final Thoughts

If you’re looking for capital safety along with steady growth and life cover, lic has several plans suited to different goals — from savings and retirement income to long‑term benefits. These schemes focus on protection plus returns rather than pure market speculation, making them a good fit for conservative investors who don’t want to fear losing money.

 

Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

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