Family financial protection
Consider how dependants could manage household costs and commitments if your income were lost.
Life • Family • Future
Protect Your Family. Plan for a Confident Future.
Explore life insurance options designed to help families think through financial responsibilities, long-term goals and protection needs.
Thoughtful protection Family-first planning
Plan with
purposeMatch protection to real-life responsibilities
Life insurance explained
Build a plan around the people who count on you.
Life insurance is designed to provide a financial benefit to eligible beneficiaries if the insured person dies during the circumstances defined by the policy. Depending on the product, a plan may also include savings, maturity or retirement-related features.
The right choice depends on your family responsibilities, existing resources, goals, health and affordability. Compare the actual policy terms rather than selecting by product name alone.
Discuss your priorities
Start with your needsCover, duration, affordability and
terms
Reasons to consider cover
Protection that supports a bigger plan
Different households have different priorities. These are common planning considerations, not promised policy outcomes.
Long-term goals
Think about education, housing, debt and other future milestones when estimating cover needs.
Support for dependants
Review the financial needs of children, a spouse, parents or others who rely on you.
Specified risks
Understand the events, exclusions and conditions defined by the selected policy wording.
Retirement and savings
Some products may include savings, pension or annuity features; compare their terms carefully.
Legacy considerations
Consider how a policy may fit into wider estate and legacy planning, where appropriate.
Know the broad categories
Life insurance plan types
These are general product categories. Current LIC products, eligibility and availability must be confirmed using LIC's official information.
Term insurance
Primarily designed to provide life cover for a defined period, subject to the policy terms.
Endowment plans
May combine life cover with a savings or maturity benefit as described in the contract.
Whole-life plans
May offer cover over an extended or whole-life period according to policy conditions.
Money-back plans
Some plans provide scheduled survival benefits alongside other policy conditions.
Pension and annuity plans
Designed for retirement-income planning; payment structures and guarantees depend on the contract.
Selection checklist
How to assess a suitable policy
Use these steps before comparing specific products or making a commitment.
- Assess responsibilities.List dependants, ongoing expenses, debts and future goals.
- Estimate required cover.Consider existing savings, other protection and income needs.
- Choose a policy duration.Match the term to the period when support may be needed.
- Check affordability.Make sure premiums remain manageable over the expected payment period.
- Read the conditions.Review exclusions, benefits, disclosures and claim documentation in official documents.
Working professionals
Consider income protection needs and financial commitments.
Parents and caregivers
Think about future education and household responsibilities.
Self-employed individuals
Review how your household would manage fluctuating income or business obligations.
Retirement planners
Compare appropriate retirement products and their payment terms.
A clear process
How customer assistance works
Understand your needs
Discuss your dependants, budget, time horizon and goals.
Review available options
Compare current products using verified official information.
Explain the fine print
Go through eligibility, benefits, exclusions and required documents.
Use official channels
Proceed with the insurer's approved application and underwriting process.
Products & Services
Protection for the things that matter
Explore the five insurance categories below. Product availability, terms and eligibility must be confirmed with the relevant insurer.
Star Health Insurance — Medical
Explore health insurance information and understand how eligible medical expenses may be covered under a selected policy.
Learn More
Galaxy Health Insurance — Medical
Learn about medical protection considerations and the questions to ask when reviewing health cover options.
Learn More
The Oriental Insurance Co. — Fire Insurance
Understand key considerations when exploring fire and property-related insurance for eligible buildings, contents or business risks.
Learn More
The Oriental Insurance Co. — Vehicle Insurance
Explore vehicle insurance considerations, including third-party liability and optional own-damage protection where applicable.
Learn MoreEnquiry form
How can we help?
Let's Find the Right Life Insurance Option for Your Needs.
Start with your goals, then verify the latest policy terms and product details.