LIFE INSURANCE

LIC of India

India's largest life insurer with unmatched claim trust.

FOUNDED
1956
CLAIM SETTLEMENT
98.62%
NETWORK
Term plans from ₹633/month*
LIC of India logo
AUTHORISED AGENT
LIC of India
Udaipurwati, Jhunjhunu, Rajasthan
Agent Code: 14353103

Key Features

  • Jeevan Anand, Jeevan Labh & Tech Term plans
  • Endowment + whole-life options
  • Pension & annuity plans
  • Government-backed sovereign trust
  • Loan against policy facility

Claim Process

  1. 1Visit nearest LIC branch with policy bond
  2. 2Submit claim form, death certificate, ID & age proof
  3. 3Branch processes claim — early claims may need extra verification
  4. 4Cheque / NEFT to nominee in 30 days
  5. 5Track status on LIC eServices portal

Pros

  • Highest claim settlement ratio
  • Sovereign trust
  • Pan-India branches

Cons

  • Returns on traditional plans modest
  • Slower digital experience
LIC OF INDIA PREMIUM

Quick premium calculator

Age30 yrs
Sum assured (₹ Lakh)100 L
Estimated monthly premium
2,370
≈ ₹28,440/year
Full calculator
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Dinesh Singh — IRDAI certified, 12+ years.