LIC is India's most trusted insurer — but not every plan is right for you. We cut through the agent pitch and tell you exactly which LIC plans are worth buying and which to avoid.
Single premium deferred or immediate annuity with 10 annuity options. Flexible. Higher annuity rates for joint life. Good for retirement corpus deployment.
LIC is India's most trusted insurer — but most traditional endowment, money-back, and ULIP plans offer low returns (4–6% IRR) that rarely beat inflation. They work for agents, not always for you. Our recommendation: Buy pure term (Tech-Term or Jeevan Amar) for protection, and invest separately in mutual funds for wealth creation. If you already own an LIC policy, let our experts review it — we'll tell you honestly whether to keep, surrender, or supplement it.
Befikr Analysis
Which LIC plan should you actually buy?
No agent bias. No commissions. Just honest, unfiltered comparison.
Plan
New Tech-Term Best Buy
Jeevan Anand
SIIP ULIP
Jeevan Labh
Plan Type
Pure Term
Endowment
ULIP
Endowment
Life Cover
✔ High
✔ Medium
✔ Low
✔ Medium
Maturity Payout
✘ None
✔ Yes
✔ Fund Value
✔ Yes + Bonus
Expected Returns (IRR)
N/A (pure protection)
~4–5%
8–12% (market-linked)
~4–5%
Premium for ₹1Cr cover (30yr male)
~₹8,000/yr
~₹3–4L/yr
~₹24,000+/yr
~₹80,000+/yr
Flexibility
✔ High
Low
Medium
Low
Befikr Verdict
Buy this
Avoid mostly
Only if needed
Avoid mostly
* Premiums and returns are indicative. Actual values vary by age, sum assured, and health. Not financial advice. Source: LIC official brochures, IRDAI data.
Why Befikr?
LIC advice that's actually on your side.
Agents earn 25–35% commission on LIC endowment plans. We earn zero. That's why our advice sounds different — because it is.
Already have an LIC policy? We'll calculate your actual IRR and tell you honestly whether it's worth continuing or surrendering.
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Right Plan for Your Goal
Need pure protection? Use Tech-Term. Need retirement income? We'll compare Jeevan Shanti vs other annuity options. No one-size-fits-all.
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Claim Support for Life
LIC claim rejections happen. Our advisors know how to escalate — ombudsman, IRDAI, legal routes. We stay with you till you get paid.
Real Stories
Indians who made smarter LIC decisions.
Sometimes the best advice is "don't buy this plan." These people are glad they asked first.
★★★★★
"My agent was pushing me to buy Jeevan Anand for ₹50,000/year. Befikr showed me the actual IRR was 4.6%. I bought Tech-Term for ₹7,200 instead and invested the rest in mutual funds."
K
Karan M.
Delhi · Switched to Tech-Term
★★★★★
"I had 3 old LIC policies I didn't understand. Befikr reviewed all of them, helped me surrender 2 at the right time and keep one. Saved me years of dead premiums."
M
Meena R.
Pune · LIC Portfolio Review
★★★★★
"My LIC claim was rejected citing a non-disclosure. Befikr's advisor helped me file a complaint with IRDAI. Claim was settled in 3 months. I was ready to give up."
D
Deepak S.
Mumbai · Claim Settlement
Common Questions
LIC FAQs answered without the spin.
Which is the best LIC plan in 2025?
For pure protection: LIC New Tech-Term (Plan 954). For savings: Jeevan Labh if you want guaranteed maturity. But for most people, Term + Mutual Funds beats any LIC savings plan.
Should I surrender my old LIC policy?
Depends on the plan, how many years you've paid, and what the surrender value is. Don't decide without calculating actual IRR. Talk to us — we'll calculate it for free.
Is LIC safe? Will my money be protected?
Yes. LIC is backed by the Government of India. Your guaranteed benefits and sum assured are as safe as it gets. The concern is returns, not safety.
What is LIC's claim settlement ratio?
LIC's individual death claim settlement ratio is over 98% — among the highest in India. However, claim rejections still happen due to non-disclosure or exclusions. Having an advisor helps.
Can I buy LIC plans online?
Yes. Tech-Term, Digi Term, Yuva Term, and Sarl Pension are available online via licindia.in. Endowment and money-back plans are mostly offline through agents.
Is Befikr's LIC advice really free?
100% free. We take zero commission from LIC or any insurer. Our business model is trust — we help you make the right decision, not the most profitable one for us.
Get Started
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Whether you're buying a new LIC plan, reviewing an existing one, or need claim support — we're here. 100% free. Zero bias.
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