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Life Insurance Corporation of India

Money Back Insurance


Life Insurance Corporation of India (LIC) was created on 1st September, 1956. The objective was to spread life insurance across a wider swathe of the country, particularly in rural areas.

LIC's corporate office, 5 zonal offices, 33 divisional offices and 212 branch offices in 1956 has expanded over the years to having a branch office at each district headquarters in the country. Today LIC functions with 2048 fully computerized branch offices, 100 divisional offices, 7 zonal offices and the corporate office. LIC's Wide Area Network covers 100 divisional offices and connects all the branches through a Metro Area Network.

LIC continues to be the dominant life insurer even in the post-insurance-liberalization era in India. It has crossed many milestones and has set unprecedented performance records in all aspects of the life insurance business.

 

6 Insurance Plan available
Jeevan Surabhi-20 Years
  • Maturity term more than premium paying term.
  • Early and higher rate of survival benefit payment.
  • Every five years the risk cover increases See edit in previous product and replicate
  • Accident benefit of up to 5 lakh, once in a life time
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The Money Back Policy-20 Years
  • Periodic payments on survival at specified durations during the term.
  • Guaranteed surrender value
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Jeevan Surabhi-25 Years
  • Maturity term more than premium paying term.
  • Early and higher rate of survival benefit payment.
  • Every five years the risk cover increases see above.
  • Accident benefit of up to 5 lakh, once in a life time.
  • With profit plan
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Bima Bachat
  • Single premium payment.
  • Loan option on policy.
  • Guaranteed surrender value after completion of one policy year.
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The Money Back Policy-25 Years
  • With profit plans
  • Guaranteed surrender value
  • Periodic payments on survival at specified durations during the term.
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Jeevan Surabhi-15 Years
  • Maturity term is more than premium paying term.
  • Early and higher rate of survival benefit payment.
  • Risk cover increase every five years
Know More »

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This Know Your Insurance section covers only those products and sectors that are related to personal finance. The content available here has been collated from existing, publicly available information and are only indicative in nature. They are designed to give the user a general idea of insurers and products. The details given here should NOT be taken as the final word. The user must contact the respective insurer to get full details about any policy or product.

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