LIC New Plans 2023 List: Best LIC Life Insurance Plans to Invest in 2023, LIC Plan Chart, Premium Calculator, Policy Status, Helpline Number

The Life Insurance Corporation (LIC) has recently launched a new scheme “New Tech Term Plan” which focuses on providing financial protection to family in case of the policyholder’s demise. One other plan namely New Jeevan Amar was also launched on November 23 , 2022. LIC is a reputed name that has already issued 21 million new individual policies. Hence, it’s indeed a wise decision to invest in LIC. Shared below is the full list of LIC new plans 2023.

Each individual’s insurance requirements and needs are different and hence sometimes it is quite difficult to choose a right LIC insurance plan best fit your needs. Introducing the LIC new plans 2023 list you must invest for a stable and worry-free future.

When it comes to select a right life insurance plan, LIC is the foremost choice of people. Undoubtedly, LIC is the most credible and trusted platform and we can’t ignore its immense popularity among people.

LIC offers a variety of insurance plans including Endowment Plan, Whole Life Plans, Money Back Plans, Term Assurance Plans, and Rider plans. Before I shall discuss LIC New Plans 2023, let’s talk about the different types of Life Insurance plans offered by LIC.

Categories of LIC Insurance Plans 2023 (LIC Plan Chart 2023)

Endowment Plan: The first one is Endowment Plan which combines both insurance as well as investment. The insured person will receive a lump sum by adding bonuses if applicable either on death event or policy maturity. Some of the best endowment plans introduced by LIC are as follows:

Name of the product	Plan Number	UIN Number
LIC Aadhaar Shila	944	512N309V02
LIC Aadhaar Stambh	943	512N310V02
Lic Jeevan Labh	936	512N304V02
LIC Jeevan Lakshya	933	512N297V02
Lic Single Premium Endowment Plan	917	512N283V02
Lic New Bima Bachat	916	512N284V02
Lic New Jeevan Anand	915	512N279V02
Lic New Endowment Plan	914	512N277V02
LIC Bima Jyoti	860	512N339V01

Whole Life Plans: Whole Life Plans are introduced to help your family when you are no more. The nominee is eligible to get the sum assured after the death of policy holder.

Name of the product	Plan Number	UIN Number
LIC Jeevan Umang	945	512N312V02

Money Back Plans: Unlike regular endowment insurance plans where the survival benefits are to be paid only at the completion of endowment period, this scheme offers periodic payments of partial survival benefits during the policy term.

Name of the product	Plan Number	UIN Number
LIC’s Bima Shree	948	512N316V02
LIC’s Jeevan Shiromani	947	512N315V02
LIC’s Jeevan Tarun	934	512N299V02
LIC’s NEW CHILDREN’S MONEY BACK PLAN	932	512N296V02
LICs Jeevan Umang	945	512N312V02
LIC’s NEW MONEY BACK PLAN – 25 YEARS	921	512N278V02
LIC’s NEW MONEY BACK PLAN – 20 YEARS	920	512N280V02

Term Assurance Plans: Term assured plans maintain the financial satiability of your family event after you. The sum insured is paid to nominee after the death of policyholder. Some of the best term assurance plans introduced by LIC is as follows:

Name of the product	Plan Number	UIN Number
LIC’s Jeevan Amar	855	512N332V01
LIC’s TECH TERM	854	512N333V01

Rider: Through this plan, a lump sum is paid to insured person’s nominee in case of untimely death of the policyholder. Check out few attractive rider plans introduced by Life Insurance Corporation of India.

Name of the product	UIN Number
LIC’s NEW TERM ASSURANCE RIDER	512B210V01
LIC’s New Critical Illness Benefit Rider	512A212V02
LIC’s Premium Waiver Benefit Rider	512B204V03
LIC’s Accident Benefit Rider	512B203V03
LIC’s Accidental Death and Disability Benefit Rider	512B209V02
LIC’s Linked Accidental Death Benefit Rider	512A211V02

Best LIC Life Insurance Plans to invest in 2023

Check out the LIC new plans 2023 list which comes with several attractive benefits at a nominal premium. These plans are beneficial for yourself and your family as well. It means the lump sum is paid to nominee even after insured’s death.

Here is the list of best LIC plans to invest in 2023:

LIC New Tech Term Plan

With LIC new tech term plan, you can get up to Rs.50 lakh coverage upon maturity just after investing Rs.4000/- annually. Your tentative premium is calculated here if you are 30 years old. Women can also grab special rates.

LIC new tech term plan was launched on 23rd November 2022 with its Plan No. 954 and UIN – 512N351V01. The policy allows you to choose from Single Premium, Regular Premium and Limited Premium Payment.

Minimum age entry	18 years (Last Birthday)
Maximum age entry	65 years (Last Birthday)
Maximum age at maturity	80 years (Last Birthday)
Minimum Basic Sum Assured	Rs. 50,00,000/
Maximum Basic Sum Assured	No Limit (according to underwriting decision)
Policy term	10 to 40 years

LIC Bima Jyoti

LIC Bima Jyoti offers joint benefits of protection and savings. This plan also offers financial support to the family in case of unfortunate death of the policyholders during the term of policy and assured lumpsum to the surviving policyholder when the policy gets matured.

Minimum Age at entry	90 days
Maximum Age at entry	60 Years (Age Nearer Birthday)
Minimum Age at the time of maturity	18 years
Maximum Age at the time of maturity	75 years (Age Nearer Birthday)
Term of policy	15-20 years
Term of paying premium	Policy Term minus 5 Years
Minimum Basic Sum Assured	Rs. 1,00,000/-
Maximum Basic Sum Assured	No limit
Payment of premiums	Yearly, half-yearly, quarterly or monthly intervals (monthly premiums must be paid through NACH only) or through salary deductions.

 

How to purchase LIC Bima Jyoti plan?

One can either purchase LIC Bima Jyoti plan online from the official website of LIC India www.licindia.in or though agent/other intermediaries in offline mode. Read all terms & conditions before you make purchase of the same.

Death Benefit

It includes two different conditions:

1. On death during the policy term in prior the date of commencement of risk: The premium paid excludes extra premium, taxes and rider premium(s) would be returned.
2. On death during the policy term after the date of commencement of risk: Sum Assured on Death” and Accrued Guaranteed Additions.

Maturity Benefit

The “Sum Assured on Maturity” along with guaranteed additions will be paid where “Sum Assured on Maturity” is equal to basic Sum Assured.

Facts- A LIC policyholder can request for a loan against his/her policy. In order to avail loan facility an individual must be at least 18 years old and a citizen of India. You can apply for loan against policy in online as well as offline mode. Please note, not all policies have loan facility. Please confirm before you apply. 

LIC Jeevan Umang

LIC’s Jeevan Umang plan is conceptualized to offer you an accurate blend of income and protection to your family. The annual survival benefits is provided from the end of premium paying terms till the plan get matured and a lump sum is paid at the time of maturity or death of the policyholder during the term of policy.

Minimum Age at entry	90 days completed
Maximum Age at entry	55 years
Minimum Age at the end of premium paying term	30 years (nearest birthday)
Maximum Age at the end of premium paying term	70 years (nearest birthday)
Age at the time the policy gets matured	100 years (nearest birthday)
Term of policy	(100 – age at entry) years
Term of paying premium	15, 20, 25 and 30 years
Minimum Basic Sum Assured	Rs. 2,00,000
Maximum Basic Sum Assured	No limit
Payment of premiums	Yearly, half-yearly, quarterly or monthly intervals (monthly premiums must be paid through NACH only) or through salary deductions.

How to purchase LIC Jeevan Umang?

It is possible to purchase LIC Jeevan Umang plan in online mode from the official website of LIC India www.licindia.in or through agent/other intermediaries in offline mode. Don’t forget to read all terms & conditions before you make purchase of the offered policy.

Death Benefits

You may fall under one of these two conditions:

1. On death before the starting of Risk: premium/s paid without interest would be paid
2. On Death after the starting of Risk: “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional bonus, if any, would be paid.

Survival Benefit

A survival benefit equal to 8% of Basic Sum Assured would be paid per year if all due premiums are paid. You can expect payment of your first survival benefit payment at the end of premium paying term.

Maturity Benefit

“Sum Assured on Maturity” including vested Simple Reversionary Bonuses and Final Additional bonus, if any, would be paid if all due premiums are paid.

LIC Jeevan Amar

LIC Jeevan Amar is a kind of protection plan which provides the litheness to select from two different death benefit options- Level Sum Assured and increasing Sum Assured. Two different categories of rates are introduced under this plan- Non-smoker rates and Smoker rates. There are also lower premium rates applicable for female proposers.

Death Benefits

The amount shall be payable on death depends upon Death Benefit Option selected at the time of taking this policy. It won’t be possible to change Death Benefit Option once selected. The different death benefit options are as follows:

Option I: Level Sum Assured

Absolute amount assured shall be payable on death is equal to Basic Sum Assured, which will remain same throughout the term of policy.

Option II: Increasing Sum Assured

Absolute amount assured shall be payable on death remains equal to Basic Sum Assured till completion of fifth policy year. Further, it will increase by 10% of Basic Sum Assured each year from the sixth policy year till fifteenth policy year till it becomes twice the Basic Sum Assured. The increase will remain in force till the date of death or end of policy term or till the fifteenth policy year, whichever is earlier. Later, the Absolute amount assured shall be payable on death remains constant.

Maturity Benefit

No Maturity Benefit is applicable on the Life Assured surviving.

How to purchase LIC Jeevan Umang?

You can either visit the official website of LIC to purchase LIC Jeevan Umang plan or else you can purchase it in offline mode through agent/other intermediaries. Please do read the related terms before you purchase.

Facts: LIC is the most preferred and trusted platform to purchase life insurance policies. LIC has its amazing footprint in rural as well as urban areas.

LIC New Jeevan Anand

LIC New Jeevan Anand Plan offers you a complete package of protection and saving. The financial protection against death is offered throughout the lifetime of the insured. This plan is also capable to take care of liquidity requirements through its loan facility.

Eligibility and Restrictions

Minimum entry age	18 years (completed)
Maximum entry age	50 years (nearer birthday)
Maximum age at maturity	75 years (nearer birthday)
Minimum Basic Sum Assured	Rs. 100000/-
Maximum Basic Sum Assured	No limit
Minimum Policy Term	15 years
Maximum Policy Term	35 years

Death Benefit

In case of death during the term of policy the Sum Assured on Death including vested Simple Reversionary Bonuses and Final Additional bonus would be paid if all premium dues are cleared.

In case of death after the term of policy Basic Sum Assured would be paid.

It is possible to make payment of premiums at yearly, half-yearly, quarterly or monthly intervals (through NACH only) or through salary deductions over the policy term.

Health Plans by LIC

This post is dedicated to provide you complete LIC new plan list 2023 which also includes health plans offered by LIC.

LIC Jeevan Arogya

LIC Jeevan Arogya offers health insurance cover against certain specified health risks and assistance in case of medical emergencies. This plan helps you to be financially independent in difficult times.

Features of LIC Jeevan Arogya

• Make you financially independent in case of hospitalization, surgery etc.
• No claim benefit included
• Get an increased health cover every year
• Lump sum benefits would be added irrespective of medical costs
• Flexible options for making payment of premiums
• You can choose from flexible benefit limit
• Extremely simple to choose your plan

Who will be insured under this policy?

You (as Principal Insured) along with your parents, spouse, children, parents of your spouse all will be insured under one policy. The minimum and maximum entry age is as follows:

	Minimum entry age	Maximum entry age
Self / spouse	18 years	65 years (last birthday)
Children	91 days	17 years (last birthday)
Parents / parents-in-law	18 years	75 (last birthday)

How long will be insured?

Eligible persons are insured up to the age of 80 years. In case of children, they are insured up to age 25 years.

Notable benefits of LIC Jeevan Arogya

• Premium waiver Benefit (PWB)
• Ambulance Benefit
• Hospital cash benefit (HCB)
• Day care procedure benefit
• Major surgical benefit (MSB)
• Other surgical benefit

*Loan facility under LIC Jeevan Arogya: Sorry there is no loan facility under this plan.

Facts- LIC may launch many new insurance plans in 2023. For the same, you should keep your close eyes on LIC official website or you can ask authorized agent/other intermediaries regarding new policies launched by LIC.

LIC Cancer Cover

It is a regular premium payment health insurance plan which offers you financial stability in case of Early and/or Major Stage Cancer during the term of policy.

Benefits Offered

Early Stage Cancer

• Lump sum benefit: 25% of Applicable Sum Insured would be paid
• Premium Waiver Benefit: Premiums for the upcoming there years or balance policy term whichever is less, would be waived off.

Major Stage Cancer

• Lump sum benefit: 100% of Applicable Sum Insured minus paid claims is payable
• Premium Waiver Benefit: The upcoming premiums are waived off from the next policy anniversary.
• Income benefit: 1% of Applicable Sum Insured

Eligibility criteria

Minimum entry age	20 years should be completed
Maximum entry age	65 years (last birthday)
Minimum age at maturity	50 years
Maximum age at maturity	75 years
Minimum policy term	10 years
Maximum policy term	30 years
Minimum premium to be paid	Rs. 2400/- for all modes
Minimum Basic Sum Insured	Rs.10,00,000/-
Maximum Basic Sum Insured	Rs. 50,00,000/-
Payment of premiums	Regularly at yearly or half- yearly mode

New Pension Plans by LIC in 2023

Are you keen to know about the LIC new plans in 2023? Below you can find details of trending pension plans offered by LIC.

LIC New Jeevan Shanti

LIC New Jeevan Shanti gives you options to choose between Single life and Joint life Deferred annuity. One can purchase this plan in offline mode through agent/other intermediaries or from the official website of LIC in online mode.

LIC New Jeevan Shanti Quick Overview

Minimum entry age	30 years (Last Birthday)
Maximum entry age	79 years (Last Birthday)
Minimum purchase price	Rs.1,50,000 subject to minimum Annuity
Maximum purchase price	No limit
Minimum vesting age	31 years (Last Birthday)
Maximum vesting age	80 years (Last Birthday)
Minimum Annuity	Monthly- Rs.1000/- Quarterly- Rs.3000/- Half-yearly- Rs.6000/- Per annum- Rs.12000/-
Mode of Annuity Payment	Yearly, half-yearly, quarterly and monthly
Minimum Deferment Period	1 year
Maximum Deferment Period	12 years

New/Trending Unit Plans by LIC in 2023

Unit plans are introduced by LIC for those who understand the true value of hard-earned money. These plans help you to grab amazing benefits on your saving and save tax even you don’t have a consistent income.

LIC Nivesh Plus

LIC Nivesh Plus is a trending single premium life insurance plan which offers you insurance cum investment cover throughout the policy term. Interested individual can buy this plain online from the official website of LIC or else they can simply contact agent/other intermediaries to buy this plan. You have flexibility to select basic Sum Assured at the inception:

Option 1: 1.25 times of Single Premium;

Option 2: 10 times of Single Premium

*Option once selected won’t be altered.

Eligibility & Restrictions under LIC Nivesh Plus

Minimum entry age	90 days should be completed for Option 1 and 2
Maximum entry age	70 years (nearer birthday) for Option 1 35 years (nearer birthday) for Option 1
Minimum age at maturity	18 years should be completed
Maximum age at maturity	85 years (nearer birthday) for Option 1 50 years (nearer birthday) for Option 1
Minimum premium	Rs. 1,00,000/-
Maximum premium	No Limits
Mode of paying premium	Single premium only
Minimum/Maximum Basic Sum Assure	Option 1: 1.25 times of the single premium Option 2: 10 times of the single premium

Death Benefits

• On death before the Date of starting of Risk: An amount equal to the Unit Fund Value
• On death after the Date of starting of Risk: An amount equal to the higher of Basic Sum Assured minus Partial Withdrawals or Unit fund value.

Maturity Benefits: An amount equal to Unit Fund Value would be paid.

Facts: An individual can purchase LIC life insurance policies online through its official website or they may directly contact authorized agents/other intermediaries for buying a new policy.

LIC SIIP

LIC SIIP is a regular premium individual life insurance plan which provides insurance cum investment throughout the policy term. You can purchase this plan easily from the official website of LIC or connect to an agent/other intermediaries for making a purchase.

Eligibility & Restrictions under LIC SIIP

Minimum entry age	90 days should be completed
Maximum entry age	65 years (nearer birthday)
Minimum age at maturity	18 years should be completed
Maximum age at maturity	85 years (nearer birthday)
Term of policy	10 to 25 years
Term of premium paying	As per the policy term
Payment of premiums	Yearly, half-yearly, quarterly or monthly(through NACH only)
Minimum premium	Yearly- Rs. 40,000 Half-yearly-Rs. 22,000 Quarterly-Rs. 12,000 Monthly- Rs. 4,000
Maximum premium	No limit
Minimum/Maximum Basic Sum Assured	Age below 55 Years- 10 times of Annualized Premiums Age 55 years and above- 7 times Annualized Premiums

Death Benefits

• On death before the Date of starting of Risk: An amount equal to the Unit Fund Value
• On death after the Date of starting of Risk: An amount equal to the higher of Basic Sum Assured minus Partial Withdrawals or Unit fund value or 105% of the total premiums received up to the date of death minus partial withdrawals.

Maturity Benefits: An amount equal to Unit Fund Value would be paid.

Group Schemes offered by LIC

Group schemes validate protection to groups of people. These schemes are considered ideal for employers, associations, societies etc. and permit you to enjoy group benefits at an affordable cost.

LIC Group Credit Life Insurance

LIC Group Credit Life Insurance is a single premium group term insurance plan which offers insurance cover on death of the group member during the term of policy.

Eligibility and Restrictions

Minimum entry age	18 years should be completed
Maximum entry age	60 years (nearest birthday)
Maximum age at maturity	65 years (nearest birthday)
Term of policy	5 to 35years
Minimum Sum Assured	Rs.400000/-
Maximum Sum Assured	No limit
Premium payment mode	Single premium only
Minimum group size	50 members
Loan facility	No

Death Benefit

A sum assured according to the risk covered would be paid.

Maturity Benefit

Nothing would be paid on survival at the end of the term of policy.

LIC SINGLE PREMIUM GROUP INSURANCE

LIC SINGLE PREMIUM GROUP INSURANCE is a single premium group term insurance plan which offers a flat life cover on death of the group member during the term of policy.

Eligibility and Restrictions

Minimum entry age	18 years should be completed
Maximum entry age	60 years (nearest birthday)
Maximum age at maturity	65 years (nearest birthday)
Term of policy	2 to 7 years
Minimum Sum Assured	Rs.5000/-
Maximum Sum Assured	Rs. 10,00,000/-
Premium payment mode	Single premium only
Minimum group size	50 members
Loan facility	No

Death Benefit

A sum assured in respect of the particular member would be paid.

Maturity Benefit

Nothing would be paid on survival to the end of the term of policy.

Facts- List of products offered by Life Insurance Corporation of India includes Insurance plan, Pension plan, Unit linked plans, Micro insurance plans, and health insurance plans.

LIC Premium Calculator

The Life Insurance Corporation of India offers premium calculator using which you can calculate your LIC policy premium.

You’ll be asked to enter your first name, middle name, last name, date of birth, gender, mobile number, and email. After entering these details you need to click next button to choose the product. Follow the on-screen instructions to calculate the premium.

Check LIC Policy Status

Hope you have gone through LIC new plans 2023 list and made purchase of a new policy. Now, you might be excited to know your LIC policy status. You can check your LIC policy status online through the official website of LIC India.

New customers have to go through an online registration module. You can easily register by following the tips provided below:

• Please visit the official website of LIC India and go to the login panel available at home page.
• Please fill the registration form online and choose username and password of your choice. Your username may be alpha, numeric, along with characters, dot and underscore. Your selected password must be of 8 to 30 characters.
• After a successful registration, you’ll be able to check your policy status, premium due/ policy calendar, loan, revival, maturity calendar etc.

Frequently Asked Questions

Question: How to purchase a new LIC life insurance plan?

Answer: You can browse all plans of LIC online at its official website and make purchase of the same. Or else, you need to contact agent/other intermediaries to purchase a new life insurance plan from LIC.

Question: Can I pay my LIC premium online?

Answer: Of-course! You can easily pay your LIC premium online through internet banking.

Question: Is Single mandate sufficient for multiple policies?

Answer: No, separate mandate is compulsory for each policy.

Question: My payment is successful, amount debited but I haven’t received the e-receipt?

Answer: Sometime it happens due to session timed out or other technical issues. Your e-receipt is usually generated within 3-4 days after the payment is received. However, if it’s been more than a week then please send the bank details along with bank statement to [email protected].

Question: I forgot my online login password, how to reset them?

Answer: Please use forgot password option available at login page and follow on-screen instructions to reset your password.

Question: My amount is debited but the premium is not yet adjusted?

Answer: If it’s been more than 10 days that your premium is not adjusted then please contact your banker.

Download LIC Forms for Claims, Revival, IPP-ECS Mandate

Death Claims	Download now
Maturity Claims	Download now
Survival Benefit Claims forms	Download now
Revival of Lapsed policy Form no. 680	Download now
Revival of Lapsed policy – Form no. 700	Download now
Revival of lapsed Policy- Form no. 720	Download now
IPP-NEFT MANDATE FORM	Download now
Certificate of Existence	Download now
IPP-Letter of Indemnity	Download now
Neft Mandate Form	Download now
Health Insurance Forms	Download now
Pre-contract Integrity Pact	Download now

 

Facts- An individual must take an insurance plan for a happy and protected life. As per the source, only 44% Indians have a health cover and this need to be increased in the least possible time.

LIC Helpline Number

24*7 Phone helpline number- 022 6827 6827

Grievance Redressal Officers :

For any policy related grievance, please contact Grievance Redressal Officers at Branch / Division / Zonal / Corporate Level.

SMS LICHELP :

SMS LICHELP <pol.no.> to 9222492224 or SMS LICHELP <pol.no.> to 56767877

Helpline number for Health Insurance policies: 18004259876 (from 10 AM to 5 PM on all working days)

Summary

Through this post, our motive is letting you know LIC new plans 2023 list including trending plans offered by Life Insurance Corporation of India. LIC has a number of life insurance plans to choose from and more are to be added in future. We do have provided details regarding how can you check your policy status, how to calculate your LIC premium, how to download claim, Revival, IPP-ECS Mandate forms and how can you contact LIC helpline team for certain queries.

Thanks for reading this article. We’ll also add new LIC insurance plans to be launched in the coming months. If you have any concern(s), please share it through the comment box below.