Life Insurance Corporation of India (LIC) plans still remain a reliable option for people looking for safe investment amid market fluctuations. LIC policies not only provide life insurance protection but also provide an opportunity for long-term savings and wealth creation. Due to government support and better claim settlement record, millions of investors still prefer LIC schemes.
There are some LIC schemes in 2026 which remain most popular among investors. These provide many benefits like security, savings, regular income and tax benefits.
New Endowment and New Jeevan Anand
LIC’s New Endowment Plan (714) is considered suitable for those who want the benefits of both insurance and savings. In this scheme, the benefit of bonus along with sum assured is available on maturity. For a person aged 35 years, the annual premium for a sum assured of Rs 10 lakh is approximately Rs 39 thousand.
Whereas New Jeevan Anand (715) provides investors with lifetime risk cover even after maturity. This plan can be a better option for those who want long-term protection. The estimated maturity amount in this scheme can reach around Rs 22 lakh.
Life goals for children and family future
Jeevan Lakshya (733) scheme is specially designed for those who want to invest for their children’s education or any big future goal. If the policyholder dies, future premiums are waived off and the family continues to receive financial support. In this scheme, it is expected to get a profit of Rs 22 to 24 lakh on maturity.
Jeevan Labh popular for better returns
LIC’s Jeevan Labh (736) plan is known for its limited premium payments and relatively better returns. The estimated Internal Rate of Return (IRR) of this scheme is about 7.1 percent, which is considered the best among the major schemes of LIC. This can be an attractive option for investors who want to get long-term benefits by paying premiums for a short period.
Jeevan Umang for those seeking regular income
Jeevan Umang (745) plan is suitable for those who want regular income after retirement. In this, after completion of the premium payment period, up to 8 percent of the basic sum assured is paid annually. This facility can continue till the age of 100 years.
Keep these things in mind before investing
Experts say that before investing in any LIC plan, it is important to evaluate your financial goals, premium paying capacity and expected returns. Also, investors should take the decision only after understanding the terms and conditions of the scheme, bonus structure and tax benefits. Choosing the right plan can ensure financial security and stable returns in the long term.
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