When it comes to life insurance in India, LIC (Life Insurance Corporation of India) has been the most trusted and widely recognized name for decades. Among its vast range of offerings, term insurance plans stand out for their simplicity, affordability, and comprehensive protection.
If you’re looking for life cover that secures your family’s future at an affordable cost, LIC’s term insurance plans offer a variety of options to suit different needs. In this post, we bring you a detailed overview of all LIC term insurance plans currently available in 2025.
✅ What is a Term Insurance Plan?
A term insurance plan provides financial protection to your family in case of your untimely death during the policy term. It is a pure life cover product – offering no maturity benefit – but it comes at very low premiums and with a high sum assured.
🛡️ List of LIC Term Insurance Plans
1. LIC Tech Term Plan (Plan No. 854)
Type: Online pure term insurance
Key Features:
- Available only via LIC’s official website
- Minimum sum assured: ₹50 lakhs
- Coverage up to 80 years
- Level and Increasing Sum Assured options
- Premium discounts for non-smokers and females
- Optional Accident Benefit Rider
Best For: Tech-savvy individuals looking for a no-agent, affordable term plan.
2. LIC Jeevan Amar Plan (Plan No. 855)
Type: Offline pure term insurance
Key Features:
- Flexible sum assured options: Level & Increasing
- Entry age: 18–65 years
- Premium payment: Single, Regular, Limited
- Riders available
- Gender and health-based premium discounts
Best For: Individuals seeking personalized advice and offline service from LIC agents.
3. LIC Anmol Jeevan II (Plan No. 822)
Type: Basic term insurance
Key Features:
- Coverage from ₹6 lakhs to ₹24 lakhs
- Policy term: 5 to 25 years
- Basic protection plan with no maturity benefits
- Available through LIC agents
Best For: Budget-conscious individuals needing moderate life cover.
4. LIC Amulya Jeevan II (Plan No. 823)
Type: High sum assured term plan
Key Features:
- Minimum sum assured: ₹25 lakhs
- Maximum term: 35 years
- No survival benefit
- Available through agents
Best For: Individuals seeking high coverage for family protection.
5. LIC Saral Jeevan Bima
Type: Standard term insurance (IRDAI mandated)
Key Features:
- Simple, easy-to-understand terms
- Anyone aged 18–65 years can apply
- No complex eligibility criteria
- Optional riders available
Best For: First-time buyers or those without regular income documentation.
6. LIC Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Type: Social security term plan
Key Features:
- Life cover of ₹2 lakhs
- Annual premium: ₹436 only
- Age: 18 to 50 years
- Offered through banks and LIC
- Renewable every year
Best For: Low-income individuals looking for basic life insurance.
7. LIC New Jeevan Mangal
Type: Term assurance with return of premium
Key Features:
- Maturity benefit: Return of premium on survival
- Accidental benefit rider available
- Term: 10 to 15 years
- Designed for rural and semi-urban markets
Best For: Those looking for minimal protection along with return of premiums.
8. LIC Bhagya Lakshmi Plan
Type: Micro insurance with limited term cover
Key Features:
- Premium returned on maturity
- Designed for economically weaker sections
- Coverage for a short duration
- Available through rural agents
Best For: Low-income earners in rural areas seeking affordable protection.
9. LIC Group Term Insurance Plans
Type: Group protection plans
Key Features:
- Coverage for employee groups, associations, or societies
- Customizable coverage and riders
- Cost-effective for organizations
- Term insurance coverage without individual underwriting
Best For: Employers or organizations looking to insure a group of members.
🔍 LIC Term Insurance Plan Comparison at a Glance
| Plan Name | Purchase Mode | Sum Assured | Riders Available | Return of Premium | Ideal For |
|---|---|---|---|---|---|
| Tech Term | Online | ₹50L & above | Yes | No | Digital buyers |
| Jeevan Amar | Offline | ₹25L & above | Yes | No | Traditional buyers |
| Anmol Jeevan II | Offline | ₹6L–₹24L | No | No | Budget cover seekers |
| Amulya Jeevan II | Offline | ₹25L & above | No | No | High cover seekers |
| Saral Jeevan Bima | Online/Offline | ₹5L & above | Yes | No | First-time policyholders |
| PMJJBY | Through Bank | ₹2L | No | No | Low-income individuals |
| New Jeevan Mangal | Offline | Varies | Yes | Yes | Rural/low-income group |
| Bhagya Lakshmi | Offline | Low | No | Yes | Micro insurance buyers |
| Group Term Plans | Offline | Custom | Yes | Varies | Employers/organizations |
✅ Final Thoughts
LIC Term Insurance Plans offer something for everyone – whether you’re a salaried professional, entrepreneur, daily wage worker, or a homemaker. From high-value digital plans to micro insurance policies for rural India, LIC ensures that no segment is left behind.
With a claim settlement ratio of over 98%, LIC combines legacy, trust, and protection like no other.
💡 Pro Tip:
Always assess your financial responsibilities, liabilities, and future goals before selecting a term plan. Compare sum assured, policy term, riders, and claim settlement processes to make the right choice.
Disclaimer: Features and benefits are subject to change. Always refer to the official LIC website or consult a licensed LIC agent for the latest details.
FAQs
LIC offers plans like Tech Term (Plan 954) and Jeevan Amar (Plan 855) which provide pure death benefit protection with flexible options such as level or increasing sum assured and multiple premium modes.
Minimum sum assured starts from ₹25 lakh (Jeevan Amar) or ₹50 lakh (Tech Term). There’s no upper cap, subject to underwriting approval for higher cover.
You can opt for:
Regular pay (premium every year for full term)
Limited pay (e.g. premium paid for 10 or 15 years only)
Single pay (one-time payment, available on select plans)
LIC provides a 30‑day grace period for premium payment. If premium remains unpaid beyond that period, coverage may lapse and the policy may terminate.
Yes. Premiums paid under LIC term policies are eligible for deduction up to ₹1.5 lakh under Section 80C, and the death benefit is typically tax-exempt under Section 10(10D).