Life insurance has always been an important part of financial planning in India, and the Life Insurance Corporation of India continues to offer a wide range of policies that cater to different needs, ages, and life goals. Whether someone wants long-term savings, protection, retirement income, or financial security for their family, there is usually a plan suitable for their situation.
In 2025, many people are looking for simple, dependable, and long-term investment options. The policies offered combine life cover with savings, guaranteed benefits, participating bonuses, and flexible terms. Below is a neutral and easy-to-understand overview of ten popular LIC policy options for different age groups. This list is meant to guide readers in understanding what each plan generally offers and who may find it helpful.
1. LIC New Jeevan Anand
This plan is well-known because it provides a mix of savings and lifelong protection. The policy continues to offer life cover even after the maturity amount is paid, which appeals to individuals who want long-term financial support for their family. It may suit people between 25 to 50 years of age who want to build a lump sum for future needs while also maintaining lifelong coverage.
2. LIC Jeevan Labh
Designed mainly as a limited-payment endowment plan, this policy offers the benefit of paying premiums for a shorter duration while enjoying coverage for the full policy term. It fits well for people who prefer shorter commitments but still want maturity benefits. Many individuals in their late 20s to mid-40s choose this plan to align with goals such as education, home buying, or family savings.
3. LIC New Endowment Plan
This is a simple, classic endowment plan that balances protection with disciplined savings. People who prefer predictable, steady returns often consider this policy. It is suitable for those between 18 and 45 who want a straightforward plan without complicated features. The maturity benefit combined with bonuses can help build a long-term corpus.
4. LIC Jeevan Umang
This plan offers the unique combination of lifelong income and coverage. After a certain period, the policyholder starts receiving a yearly survival benefit, which continues up to age 100. It is often selected by those who want stable future earnings, especially for retirement or long-term security. People between 25 and 55 usually find this plan useful for building a long-term safety net.
5. LIC Jeevan Lakshya
This plan is designed with family protection in mind. The structure of the policy ensures that, in case the life assured passes away during the term, the family continues receiving financial support. It is especially helpful for parents or young earners who want to ensure long-term financial stability for dependents. The plan’s flexible premium options make it accessible for those in their 20s, 30s, or even early 40s.
6. LIC Tech Term Plan
This is a pure term insurance plan available through online application. It focuses entirely on protection rather than savings. People who want high coverage at an affordable premium usually consider term insurance. Young professionals and new parents in the age range of 20 to 45 often prefer this plan because it ensures strong financial security for the family at a minimal cost.
7. LIC Jeevan Shiromani
This is a high-value, premium policy designed for individuals who want a combination of guaranteed benefits and long-term security. It also includes critical illness benefits. It is mainly chosen by people in the higher-income group who want a mix of protection, savings, and financial assistance during emergencies. This policy suits individuals between 18 and 50 with a preference for premium endowment->
8. LIC Jeevan Tarun
Created mainly for children, this plan focuses on building a financial foundation for a child’s education and future needs. Parents and guardians choose this policy to ensure that a child receives financial support at crucial ages. It offers flexible payout options that help during schooling years or higher education. It works well for families who want long-term, stable savings dedicated specifically to their child’s milestones.
9. LIC New Jeevan Shanti
This single-premium pension plan is designed for individuals who want guaranteed lifelong income. People nearing retirement or those who have received a lump sum (from savings, inheritance, or other sources) often prefer single-premium annuity options. It ensures regular income and financial peace of mind. The plan suits people typically between 35 and 75 looking for long-term stability after retirement.
10. LIC Saral Pension
This is a simple and standardized pension plan that focuses on providing steady retirement income. The structure is easy to understand, making it suitable for people who prefer straightforward planning without complex conditions. It is often selected by individuals approaching retirement who want to start receiving a regular income stream. The plan is ideal for anyone seeking dependable pension benefits in later years.
Choosing the Right LIC Policy by Age Group
Although every individual has unique financial needs, here is a simplified way to understand which policies may suit each age group:
Age 18–30: Building the Foundation
Young adults usually benefit from policies that offer long coverage at a low cost. Term plans and long-term endowment plans are generally good picks.
- LIC Tech Term Plan
- LIC New Endowment Plan
- LIC Jeevan Lakshya
These plans help build early financial discipline and provide essential protection.
Age 30–45: Family Responsibilities & Wealth Building
This age group often focuses on savings, children’s education, and home planning. Policies that create a balance between protection and corpus building work best.
- LIC Jeevan Labh
- LIC New Jeevan Anand
- LIC Jeevan Tarun
- LIC Jeevan Umang
These plans help manage financial responsibilities and build long-term wealth.
Age 45–60: Retirement Planning & Stability
As retirement approaches, steady income and long-term security become more important. Pension plans and income-oriented policies gain priority.
- LIC New Jeevan Shanti
- LIC Saral Pension
- LIC Jeevan Umang
These options offer stability for the retirement years.
Conclusion
In 2025, life insurance remains one of the most dependable ways to create financial security for the future. The policies listed above offer a range of options that fit different stages of life—from early career to retirement. While some plans focus on savings and bonuses, others emphasize lifelong protection or guaranteed income. Choosing the right policy depends on personal needs, long-term goals, budget, and risk comfort.
A well-selected policy not only supports your financial future but also brings peace of mind to your family. Taking time to understand features, benefits, and long-term commitments can help you make a choice that truly matches your life goals.
