List Of Best LIC Plans Salaried Employees Can Opt For | Business News

Last Updated:July 09, 2025, 16:45 IST

The Life Insurance Corporation of India provides multiple beneficial life coverage plans for salaried individuals trying to safeguard their future welfare.

What are the best LIC Plans for India’s salaried class?(Representative Image)

The Life Insurance Corporation of India (LIC) offers multiple beneficial life coverage plans to customers. Amid growing uncertainties of life around us, especially since the COVID-19 pandemic, having a good and secure life insurance plan has become imperative for working professionals and salaried employees who strive to make ends meet via daily slogging for their monthly pay cheque. Among many market players, the LIC stands out with its variety of life insurance plans that are affordable for salaried employees and come with wider benefits.

Best LIC Plans For Salaried Employees

Tech Term Plan

This is a pure risk premium plan that can be purchased online, making it more affordable than traditional offline options. Policyholders have the option to double the sum assured by paying approximately 25% to 30% more in premiums. Additionally, the plan offers an accident rider as an optional add-on. For death benefits, policyholders can choose to receive the payout in installments over 5, 10, or 15 years instead of a lump sum. These installments are paid in advance at predetermined intervals.

Jeevan Labh

This plan offers a lump sum amount to the policyholder when the plan hits maturity and financial assistance to the family in case the policyholder passes away before maturity. According to the Jeevan Labh scheme, the policyholder participates in the profits of LIC and is entitled to receive reversionary bonuses. Depending on the mode of premium payment, a customer can avail rebate. The LIC offers a 2 per cent rebate of the table premium in the yearly mode. Only caveat: the premiums are not eligible for tax benefits under Section 80C of the Income Tax Act.

Jeevan Umang

The Jeevan Umang plan offers annual survival benefits from the end of the premium paying term till maturity. The plan also comes with a lump sum payment at the time of maturity or on the death of the policyholder during the policy term. Notably, the Jeevan Umang plan is among the rare life insurance plans that offer coverage for 100 years. It pays 8 per cent of the sum assured every year on survival at the end of the policy term. Subject to conditions, LIC also provides reversionary bonus and final addition bonus to the Jeevan Umang customers.

Jeevan Amar

This plan provides life coverage until the insured’s death even after maturity. An affordable plan, the Jeevan Amar scheme is particularly beneficial to women salaried employees, offering a maximum of 10 per cent to 20 per cent discount to them. At higher sums assured, policyholders also get discounted premiums as per the Jeevan Amar plan.

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A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.

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Delhi, India, India

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