Top 10 Best LIC Plans - For Guaranteed Return

When it comes to securing your financial future, Life Insurance Corporation of India (LIC) has always been a reliable name. With decades of trust, government backing, and guaranteed maturity benefits, choosing the best LIC plan is a smart step toward stability and wealth creation.

Whether you are a salaried professional, a business owner, or a parent planning for your child’s future — there is a LIC policy tailored just for you. In this article, we’ll walk through the top 10 best LIC plans that offer guaranteed returns, their features, benefits, and who they’re ideal for.

Why Choose LIC for Investment and Insurance?

🔐 Legacy & Trust

LIC has been India’s most trusted insurer since 1956. Its wide network, massive customer base, and efficient claim settlement ratio have earned unmatched credibility.

🏦 Government Backing

LIC is owned by the Government of India, which adds a layer of safety and reliability — unlike private insurers.

📊 Guaranteed Returns vs. Market Risks

LIC’s endowment and money-back plans come with guaranteed maturity benefits, making them safer than volatile market-linked investments like mutual funds.

How to Select the Best LIC Plan for You?

Before jumping into policies, here are a few factors to consider:

🎯 Age Criteria

Most plans have entry ages from 8 to 55 years. Select a plan that matches your age and future needs.

💰 Financial Goals

Are you planning for your child’s education, your retirement, or wealth creation? Your goals define your plan.

💳 Investment Capacity

Plans vary by premium commitment. Choose what you can afford regularly.

📉 Risk Appetite

Some LIC plans are risk-free, while others offer bonus-linked or market-responsive returns.

Top 10 Best LIC Plans for Guaranteed Return

1. LIC Jeevan Labh (Plan No. 936)

Download Brochure >>

• Age Eligibility: 8 to 59 years

• Policy Term: 16, 21, 25 years

• Minimum Sum Assured: ₹2,00,000

• Maturity: Lump sum with bonus

• Death Benefits: Sum Assured + Bonus + Final Additional Bonus

• Special Feature: Combines insurance + savings

• Example: A 30-year-old paying ₹10,000 annually for 25 years can receive ₹4.5-5 lakh on maturity.

2. LIC New Jeevan Anand (Plan No. 915)

Download Brochure >>

• Age Eligibility: 18 to 50 years

• Policy Term: 15 to 35 years

• Minimum Premium: ₹6,000/year

• Maturity: Sum Assured + Bonus

• Death Benefit: Sum Assured continues even after maturity

• Special Feature: Dual benefit – insurance + lifelong coverage

• Example: Premium of ₹20,000/year for 25 years can return over ₹6 lakh.

3. LIC Jeevan Umang (Plan No. 945)

Download Brochure >>

• Age Eligibility: 90 days to 55 years

• Policy Term: 100 – age at entry

• Income Benefit: 8% of Sum Assured yearly after premium term

• Death Benefit: Full Sum Assured + Bonuses

• Special Feature: Lifetime annual income

• Example: ₹2 lakh Sum Assured yields ₹16,000 annually after 20 years.

4. LIC Bima Jyoti (Plan No. 860)

Download Brochure >>>

• Guaranteed Additions: ₹50 per ₹1,000 Sum Assured

• Policy Term: 15 to 20 years

• Premium Payment Term: Policy Term – 5 years

• Special Feature: Fixed addition each year

• Example: ₹5 lakh policy gets ₹25,000 yearly guaranteed addition.

5. LIC Tech-Term (Plan No. 854)

Download Brochure >>>

• Type: Pure Term Plan

• Mode: Online Only

• Premiums: Low, depending on age & health

• Special Feature: Accidental Death Rider & Critical Illness

• Example: ₹1 crore cover at approx. ₹10,000/year for healthy 30-year-old.

6. LIC Dhan Sanchay (Plan No. 865)

Download Brochure >>>

• Type: Savings + Protection

• Income Option: Regular, Long Term, or Lump Sum

• Eligibility: 3 to 60 years

• Unique Feature: Return of Premium on maturity

• Example: ₹5 lakh Sum Assured with 20 years term gives 6%–7% annual return.

7. LIC Saral Jeevan Bima (Plan No. 859)

Download Brochure >>>

• Simple, No-Frills Term Plan

• Entry Age: 18 to 65 years

• Term: 5 to 40 years

• Sum Assured: ₹5 lakh to ₹25 lakh

• Special Feature: Universal eligibility, no medical in some cases

8. LIC Single Premium Endowment Plan (Plan No. 917)

Download Brochure >>>

• Type: One-time Investment

• Maturity: 10, 15, 20 years

• Benefit: Sum Assured + Bonus

• Special Feature: No recurring payments

• Example: ₹1 lakh investment may yield ₹2.2–2.5 lakh after 15 years.

9. LIC Jeevan Akshay VII (Plan No. 857)

Download Brochure >>>

• Type: Immediate Annuity Plan

• Eligibility: 30 to 85 years

• Payout Options: Monthly, Quarterly, Half-Yearly, Yearly

• Special Feature: Lifetime pension starting next month

• Example: ₹10 lakh investment can yield ₹80,000 yearly for life.

10. LIC New Children’s Money Back Plan (Plan No. 932)

Download Brochure >>>

• For Children aged: 0–12 years

• Survival Benefit: 20% each at ages 18, 20, 22

• Maturity Benefit: 40% + Bonus at age 25

• Special Feature: Waiver of premium on parent’s death

Comparison Table of Best LIC Plans

Useful Tips for Buying the Best LIC Plan

• Use the official LIC Premium Calculator

• Always compare at least 3 plans based on your age & goal

• Consult an IRDAI-certified LIC agent for tailor-made advice

• Keep track of bonus declarations on LIC Bonus Info

Conclusion

Choosing the best LIC plan is about aligning your financial goals with the plan’s benefits. From guaranteed income options to high return endowment policies, LIC has a wide range that suits every need. Ensure you evaluate age criteria, premium flexibility, maturity return, and insurance coverage before buying.

FAQs

Q1: Which is the best LIC plan for lifetime income?

A: LIC Jeevan Umang is best for lifetime yearly income after the premium-paying term.

Q2: Which LIC plan gives the highest return?

A: Jeevan Labh and New Jeevan Anand are known for their high bonus and maturity returns.

Q3: Can I buy LIC policies online?

A: Yes, plans like LIC Tech-Term are available for purchase online via licindia.in.

Q4: What is the minimum investment in LIC?

A: You can start some LIC policies with as low as ₹250/month depending on age and term.

Q5: Is LIC better than mutual funds?

A: LIC offers guaranteed returns and life cover, while mutual funds offer higher but riskier returns.

Useful Links

1. LIC Official Website
2. Where To Pay Premium By Cash
3. LIC Policy Premium Pay
4. Find Your Nearest Branch
5. LIC Official Whatsapp Link

Please don’t forget to leave a review.

Please don’t forget to subscribe us for more trending top 10 things in different fields.