Which LIC policy offers the best benefits after death?


Editorial team Published on

The LIC New Tech-Term Plan and LIC Jeevan Amar Plan offer the highest pure death benefits relative to premium costs.

💡 Understanding Death Benefits

  • Pure Protection (Term Insurance): Highest payout for lowest cost.
  • Savings-Cum-Protection (Endowment/Whole Life): Lower cover, includes returns.

📊 Comparing LIC Death Benefit Categories

Policy Type🛡️ Recommended PlanPayout Structure on DeathBest For
Pure TermLIC New Tech-TermHigh sum assured (₹50 Lakhs+)Maximum financial security
Term (Flexible)LIC Jeevan AmarLevel or increasing cover optionsGrowing family liabilities
Whole LifeLIC Jeevan UtsavBase sum assured + guaranteed additionsLifelong cover & legacy

✅ 1. Pure Term Plans (Highest Financial Payout)

  • How it works: Provides a large, tax-free lump sum to nominees if death occurs during the term.
  • Top Options: LIC New Tech-Term (online) or LIC Jeevan Amar (offline/agent).
  • Why it wins: Lowest premium per lakh of coverage.

🗓️ 2. Whole Life & Savings Plans (Guaranteed Payout + Returns)

  • How it works: Pays the sum assured plus accumulated bonuses or guaranteed additions.
  • Top Options: LIC Jeevan Utsav or LIC Index Plus.
  • The Catch: Significantly more expensive for a lower death cover amount.