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Life Insurance Corporation of India

ULIP 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.

 

4 Insurance Plan available
Money Plus - I
  • Unit linked endowment plan
  • No loan on policy
  • Four fund options for investment -  Bond, Secured, Balanced, and Growth Fund
  • Surrender value amounting to fund value on date of surrender, after completion of three years
  • Maturity benefit
  • Accident benefit option
  • Critical illness benefit rider
  • Revival of Policy is possible
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