LIC products - Insurance Products - Principles of Insurance, B com B Com Notes | EduRev

Principles of Insurance

Created by: Arshit Thakur

B Com : LIC products - Insurance Products - Principles of Insurance, B com B Com Notes | EduRev

The document LIC products - Insurance Products - Principles of Insurance, B com B Com Notes | EduRev is a part of the B Com Course Principles of Insurance.
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 List of Plans from Life Insurance Corporation of India

 

Term Insurance Plans

  • LIC E Term
  • LIC Anmol Jeevan II
  • LIC Amulya Jeevan II 

 

Money Back Plans

  • LIC Jeevan Shiromani
  • LIC Bima Diamond
  • LIC Jeevan Shagun
  • LIC New Bima Bachat Plan
  • LIC New Money Back Plan - 25 Years
  • LIC New Money Back Plan - 20 Years 

 

Unit Linked Insurance Plan - ULIP

  • LIC New Endowment Plus Plan 

 

Whole Life Plan

  • LIC Jeevan Umang Plan

 

Endowment Plans

  • LIC Jeevan Utkarsh Plan
  • LIC Aadhaar Stambh
  • LIC Aadhaar Shila Plan
  • LIC Jeevan Pragati Plan
  • LIC Jeevan Shikhar Plan
  • LIC Jeevan Labh Plan
  • LIC Jeevan Lakshya Plan
  • LIC Limited Premium Endowment Plan
  • LIC Jeevan Sangam
  • LIC Jeevan Rakshak
  • LIC New Jeevan Anand Plan
  • LIC New Endowment Plan
  • LIC Single Premium Endowment Plan 

 

Child Insurance Plans

  • LIC Jeevan Tarun Plan
  • LIC New Children’s Money Back Plan 

 

Pension Plans

  • Pradhan Mantri Vaya Vandana Yojana (PMVVY)
  • LIC Varishtha Pension Bima Yojana
  • LIC Jeevan Akshay Plan
  • LIC New Jeevan Nidhi Plan 

 

Health Plans

  • LIC Cancer Cover Plan
  • LIC Jeevan Arogya Plan 

 

LIC products - Insurance Products - Principles of Insurance, B com B Com Notes | EduRev  Life Insurance Corporation (LIC) of India is the only public sector Life Insurance Company in India. The company was formed in September 1956.

LIC was formed in 1956 with the merger of more than 200 insurance companies and provident societies. Since then they have been among the most trusted brands in India providing insurance solutions to even the remotest corners of India through their huge network of agents and distributors. It was only in 2001 that the private sector was allowed into the insurance sector in India. LIC has maintained its dominant leadership status even with the presence of 22 other life insurance companies.

LIC is the largest life insurance company in India with a huge presence in both urban and rural markets. Its distribution is unmatched and has a strong agent force which reaches out to every small town in India ensuring that their products are being offered to one and all in the country. The insurance products of LIC are often the most simple and consumer friendly and it is displayed by the enormous response it gets to the launch of any new product. LIC has an insurance product for almost any need - from protection, savings and investments, micro-insurance plans to special plans for women and even for handicapped individuals. The insurance agents of LIC have been the backbone of the company for long and their agent network keeps getting bigger by the day.

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