LIC PREMIUM POINT
M M ROAD PILATHARA
PO. PILATHARA, DT. KANNUR 670504
9447035472
8848656959
kalasaparambil@gmail.com
Life Insurance Corporation of India (LIC) is synonymous with secure, long-term savings. Its portfolio of Savings Plans—primarily categorized as Endowment, Whole Life, and Money Back—is designed to offer a crucial combination of life insurance protection and disciplined capital accumulation, often with guaranteed or non-guaranteed (bonus-linked) returns. These plans are the backbone of many Indians' financial planning, providing security under the sovereign guarantee of the LIC Act.
The various schemes fall under distinct structures to suit different financial objectives:
Endowment plans are traditional insurance products where the policyholder receives a lump sum at the end of the policy term (maturity) or the nominee receives the sum upon the policyholder's death.
These plans offer coverage for the entire life of the insured, typically up to age 100. They combine a savings component that accumulates over time with lifelong security.
Money Back policies are ideal for those who need periodic cash flow alongside life protection. A portion of the Sum Assured is paid back to the policyholder at regular intervals during the policy term.
All major LIC Savings Plans offer significant financial advantages:
LIC's wide array of savings solutions ensures that every individual, regardless of their financial goal or risk appetite, can find a structured plan that not only protects their family but also systematically builds their wealth over the long term.
LIC Bima Jyoti-860 is an endowment plan that offers dual protection of savings and protection. The plan provides financial security to policyholders’ loved ones in case of his/her unfortunate demise during the policy tenure. A guaranteed payment is also made to the policyholder at maturity if he/she survives it.
LIC Jeevan Umang is a whole-life insurance plan that provides income + protection + lump-sum maturity benefit.
A single premium, non-linked, non-participating annuity plan
LIC SIIP is a unit-linked, regular premium life insurance plan that offers both life cover and market-linked investment returns.
It provides flexibility, guaranteed income options at retirement, and the security of LIC’s brand.
It’s perfect for those who want long-term investment growth with life cover security — all in one plan.
It’s ideal for those who want security, guaranteed returns, and no recurring premiums.
t’s ideal for those who want risk-free savings with life insurance protection.
This plan is perfect for those who want to secure their family’s financial goals (like children’s education or marriage) while building long-term savings.
This plan helps small savers build a secure future with affordable premiums.
LIC Jeevan Utsav – A Lifetime Celebration of Guaranteed Income and Security
LIC Amritbaal Plan – Secure Your Child’s Bright Future with Guaranteed Growth
“Protecting lives and dreams with LIC’s trusted assurance.”
“Safeguarding your health with trusted coverage and care.”
