Following the IRDAI product regulations that took effect in October 2024, LIC withdrew its entire older line-up and re-launched revised plans with new numbers. If you are confused about which plans are current in 2025–26, here is a plain-language guide to the main ones and what each is for.
Protection
- LIC Jeevan Raksha (894) — a pure term plan; low premium, cover only, no maturity. LIC’s cheapest way to protect your family. Details.
- LIC Digi Term (876) / Yuva Term (875) — online and offline versions of LIC’s newer term cover.
Guaranteed savings
- New Bima Jyoti (890) — endowment with a fixed 6% guaranteed addition each year; successor to the old Bima Jyoti 760. Calculator.
- New Endowment / Jeevan Labh (736) — participating endowment with bonuses.
- New Money-Back 20 & 25 Years (720 / 721) — get cash back periodically plus a maturity lump sum (the current versions of the old 820/821).
Income & whole-life
- Bima Platinum (770) — guaranteed regular income plus additions, for steady payouts. Details.
- Jeevan Umang (745) / Jeevan Utsav (771) — whole-life plans paying a yearly income for life.
Pension
- Jeevan Akshay-VII (857), New Jeevan Shanti (758), Smart Pension (879) — annuity plans that turn a lump sum into a guaranteed lifelong pension.
How to choose
Match the plan to the job: term for protection, an endowment or money-back for guaranteed savings, an annuity for retirement income. The quickest way to see what fits your situation — with real premiums — is Plan Banao, or compare any two plans on the premium calculator.
Educational information, not individual advice. Plan numbers and features are current as of 2025–26; confirm with LIC before buying.