It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant.

Minimum age at entry: 30 years and Maximum age at entry: 100 years for option F and 85 for other options. For this Age proof is necessary.

The Plan provides immediate pension for senior citizens 60 years and above. It can be purchased by paying a lumpsum amount . The plan provides for pension payments of stated amount for the policy term of 10 years, with return of purchase price at the end of 10 years.

Pension will be paid at the end of each period as per payment mode chosen starts as early as next month if monthly mode is chosen.

LIC’s Nivesh Plus is a Single Premium, Non-Participating, Unit Linked, Individual Life Insurance plan which offers insurance cum investment during the term of the policy.Available through offline as well as online mode.

For online mode please refer www.licindia.in

The Proposer can choose the amount of Single Premium he/she desires to pay and has the flexibility to choose the Basic Sum Assured at the inception.

LIC’s SIIP is a Regular Premium, Non-Participating, Unit Linked, Individual Life Insurance plan which offers insurance cum investment during the term of the policy.

On death after the Date of Commencement of Risk: An amount equal to the highest of the following shall be payable:

Basic Sum Assured less any Partial Withdrawals made during the two years’ period immediately preceding the date of death ;or Unit Fund Value ;or 105% of total premiums received up to the date of death less Partial Withdrawal.

LIC’s Cancer Cover is a non-linked, regular premium payment health insurance plan which provides fixed benefit in case the Life Assured is diagnosed with any of the specified Early and/or Major Stage Cancer during the policy term, subject to certain terms and conditions. The policy can be purchased offline as well as online.