Independent · LIC-authorised advisor
Understand your LIC policy before you buy it.
What you actually get, what you pay, what happens if you stop paying, and what your family receives — explained in plain English, with the figures taken straight from LIC's own brochures.
Which type of plan does what
Almost every LIC policy falls into one of four families. Getting this right matters more than picking between two plans in the same family — most people who regret a policy chose the wrong family for their goal.
Term insurance
8 plansPure protection at the lowest cost per rupee of cover. Pays out if you die during the term, and pays nothing back if you survive it.
See these plans →Endowment plans
12 plansLife cover combined with savings. Pays out on maturity if you survive the term, or to your family if you do not.
See these plans →Whole life plans
3 plansCover designed to last your whole life rather than ending on a fixed date, usually with an income or lump sum along the way.
See these plans →Money back plans
5 plansReturns part of the sum assured at intervals during the term, so money comes back to you before maturity.
See these plans →The questions people actually ask
Answered from LIC's policy documents, with a link to the exact brochure each answer comes from.
What happens if I stop paying my premiums?
The answer depends almost entirely on how many years you have already paid. Stopping early and stopping late have very different consequences.
Read the answer →What do I get if I surrender my policy early?
Less than you paid in, in almost every case, especially in the first few years. Here is how surrender value is actually worked out.
Read the answer →Can I borrow against my LIC policy?
Usually yes, once the policy has run long enough. It is often cheaper than a personal loan and does not end your cover.
Read the answer →My policy lapsed. Can I still revive it?
Usually yes, within a set window from your first missed premium — but the window closes, and it does not reopen.
Read the answer →I just bought a policy and I am having second thoughts.
You have a free look period to read the actual policy document and return it for a refund if it is not what you expected.
Read the answer →What exactly does my family get if I die?
It is usually not simply "the sum assured". Here is how the death benefit is actually built up.
Read the answer →Work out your own numbers
Free, no sign-up, and nothing you type is sent anywhere. Each result shows the formula and the assumptions behind it.
How much life cover do you need
Estimate the life cover required to replace your income and clear your liabilities, using the income-replacement method.
Open →Goal planner
Work out what a future goal will cost after inflation, and what you would need to set aside each month to get there.
Open →Monthly savings projection
See what a fixed monthly amount could grow to over time at a return rate you choose.
Open →Lump sum projection
See what a single amount invested today could grow to at a chosen rate.
Open →Retirement corpus estimator
Estimate the retirement fund needed to support your desired monthly income, and what it takes to build it.
Open →Inflation impact
See what today's money is likely to be worth in future, and what a cost today will grow to.
Open →Still not sure which plan fits?
Tell us your age, what you are saving for, and roughly what you can set aside. You will get a straight answer — including when the honest answer is that no LIC plan suits what you have in mind.
Ask a question