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LIC Guides & Blog

Plain-language guides on LIC premiums, bonus, tax, loans, surrender and claims, with worked examples from our calculators.

Best LIC Plans 2026: Which Policy Fits Your Goal

There is no single best LIC policy. Here are the currently sold LIC plans that fit each goal, from term cover to pension, with real premium examples.

· 8 min read
GST on LIC Premium in 2025: What the Exemption Means for You

Individual life insurance premiums, including all LIC individual plans, are GST-free from 22 September 2025. Here is what changed and what you save.

· 6 min read
How LIC Premium Is Calculated: The Formula, Rebates and a Worked Example

LIC premium starts with a tabular rate per ₹1,000 of sum assured, then rebates and riders adjust it. Here is each step with real numbers.

· 8 min read
LIC Bonus Rate Explained: How LIC Bonus Is Calculated, With Examples

What the LIC bonus rate per ₹1,000 means, how reversionary and final additional bonuses add up at maturity, and which LIC plans earn a bonus at all.

· 7 min read
LIC Maturity Claim Process: Documents Required, Timeline and Tax on the Maturity Amount

What to do when your LIC policy matures: the documents to send, how long payment takes, how tax and TDS work, and what to do if the policy bond is lost.

· 7 min read
LIC Loan Against Policy: Eligibility, Interest Rate and How to Apply Online

How much you can borrow against your LIC policy, what interest LIC charges, how to apply online or at the branch, and what happens if you never repay.

· 8 min read
LIC Surrender Value Rules: How Much You Get Back and When to Surrender

When you can surrender an LIC policy, how GSV and SSV are worked out, what changed on 1 October 2024, and why a loan or paid-up option is often the better move.

· 7 min read
LIC Term Plan vs Endowment Plan: A Worked Comparison With Real Numbers

A term plan buys far more cover for the money; an endowment plan returns a lump sum. We run both for the same 30-year-old and add a SIP illustration.

· 6 min read