If you want the benefit of life insurance with safe investment, then the plans of Life Insurance Corporation of India (LIC) are still counted among the most reliable options. These government-backed policies not only provide life insurance, but also provide long-term savings and tax benefits. Even during market fluctuations, many investors prefer LIC plans for stable returns and security. In such a situation, let us know about the five major LIC schemes of 2026, which are considered better according to different needs and financial goals.
Saving with security in New Endowment and New Jeevan Anand
LIC New Endowment (Plan 714) is suitable for those who want life insurance with a lump sum amount on maturity. In this scheme, the benefit of bonus is available along with the sum assured. For a sum assured of Rs 10 lakh for the age of 35 years and a tenure of 25 years, the annual premium comes to around Rs 39,365. The estimated amount on maturity can be Rs 22 to 25 lakh.
At the same time, the specialty of LIC New Jeevan Anand (Plan 715) is that life insurance protection continues even after maturity. The annual premium of this scheme is around Rs 46,911 and the estimated maturity amount can be around Rs 22 lakh.
Better options for children and future goals
LIC Jeevan Lakshya (Plan 733) is considered a good option for those who want to invest for children’s education or any major financial goal. On the death of the policyholder, further premiums are waived off and the family also gets other benefits. On the other hand, LIC Jeevan Labh (Plan 736) requires paying premiums only for a limited number of years, while the potential returns are considered to be relatively better. Its estimated internal rate of return (IRR) is said to be around 7.1 percent.
Jeevan Umang for regular income seekers
If your goal is to get regular income after retirement, then LIC Jeevan Umang (Plan 745) can be a suitable option. In this, annual income is received after completion of premium payment period and insurance protection remains till the age of 100 years. However, its expected returns are relatively low compared to other schemes.
Keep these things in mind before investing
Experts say that before investing in any LIC scheme, assess your financial goals, ability to pay premium and possible returns. Also, read the eligibility, riders, tax benefits, maturity terms and other terms of the plan carefully. If necessary, it would be better to take the final decision only after taking advice from a certified financial advisor.
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