Best 10 LIC Policies for 10 Years: An Extensive Guide for 2025: Are you searching for the best 10 LIC policy options to secure your financial future over a 10-year period? Choosing the right life insurance plan can be daunting—balancing protection, savings, and investment goals while navigating premium costs and policy terms. Life Insurance Corporation of India (LIC), a trusted, government-backed insurer since 1956, offers a range of policies tailored to diverse needs. In this article, we’ll explore the best 10 LIC policy options for 10 years, helping you make an informed decision. Whether you prioritize pure protection, savings, or growth, we’ve got you covered with detailed insights, comparisons, and practical tips to match your goals in 2025.

Why Choose LIC for a 10-Year Policy?

LIC is India’s most reliable insurer, boasting a claim settlement ratio of 98.74% (IRDAI, 2024) and a legacy of trust. Policies for 10 years—either as a policy term or premium payment term—offer flexibility, affordability, and financial security. Here’s why LIC stands out:

• Trustworthiness: Backed by the Government of India, ensuring stability.
• Variety: Term, endowment, money-back, and ULIP options suit different needs.
• Tax Benefits: Premiums qualify for deductions under Section 80C, and benefits are tax-free under Section 10(10D) of the Income Tax Act, 1961.
• Customizable: Riders and flexible payment options enhance coverage.

This guide highlights the best 10 LIC policy plans, focusing on a 10-year horizon, with features, benefits, and eligibility to help you decide.

Key Considerations for Selecting a 10-Year LIC Policy

Before diving in, consider these factors:

• Goal: Pure protection (term plans), savings + protection (endowment/money-back), or investment (ULIPs)?
• Premium Budget: Can you pay a single premium, limited (e.g., 10 years), or regular premiums?
• Risk Appetite: Prefer guaranteed returns or market-linked growth?
• Coverage Needs: How much sum assured protects your family?
• Riders: Need extra cover for accidents, critical illness, or disability?

Let’s explore the best 10 LIC policy options for 10 years in 2025.

The Best 10 LIC Policies for 10 Years

1. LIC New Jeevan Amar

A pure term assurance plan, New Jeevan Amar offers high coverage at affordable premiums, ideal for those seeking protection for 10 years.

Key Features

• Policy Term: 10 to 40 years (select 10-year term)
• Premium Payment Term: Regular, limited, or single; limited can be 10 years
• Death Benefit: Lump sum or installments (5, 10, or 15 years) to nominee
• Categories: Smoker and Non-Smoker rates
• Riders: Accidental Death and Disability Benefit, etc.

Eligibility

• Entry Age: 18 to 65 years
• Maturity Age: Up to 80 years
• Minimum Sum Assured: Rs. 25 lakh

Why It’s Great

Affordable, flexible, and focused on protection, perfect for a 10-year safety net.

Best For

Young professionals or families needing high cover without savings.

2. LIC Jeevan Labh

A popular endowment plan combining savings and protection, with a 10-year premium payment option.

Key Features

• Policy Term: 16, 21, or 25 years
• Premium Payment Term: 10, 11, or 16 years (choose 10 years)
• Maturity Benefit: Sum Assured + Simple Reversionary Bonuses + Final Additional Bonus
• Death Benefit: Higher of 105% of premiums paid or Sum Assured on Death + bonuses
• Loan Facility: Available

Eligibility

• Entry Age: 8 to 59 years (for 16-year term)
• Minimum Sum Assured: Rs. 2 lakh

Why It’s Great

Balances savings and insurance; 10-year premium term suits disciplined savers.

Best For

Individuals planning for milestones (e.g., education) in 10+ years.

3. LIC Jeevan Umang

A whole-life plan with a 10-year premium option, offering lifelong cover and income.

Key Features

• Policy Term: Coverage till age 100
• Premium Payment Term: 10, 15, 20, or 30 years (choose 10 years)
• Survival Benefit: 8% of Sum Assured annually after premium term
• Maturity Benefit: Sum Assured + bonuses at age 100
• Death Benefit: Sum Assured on Death + bonuses

Eligibility

• Entry Age: 90 days to 55 years
• Maturity Age: 100 years

Why It’s Great

10-year payments with lifelong security and regular payouts.

Best For

Long-term planners seeking income post-10 years.

4. LIC New Jeevan Anand

Combines endowment benefits with whole-life cover, flexible for a 10-year premium term.

Key Features

• Policy Term: 15 to 35 years for endowment; lifelong cover
• Premium Payment Term: 10 to 35 years (choose 10 years)
• Maturity Benefit: Sum Assured + bonuses
• Death Benefit: During term, Sum Assured on Death + bonuses; post-term, Basic Sum Assured
• Loan Facility: Available

Eligibility

• Entry Age: 18 to 50 years
• Maturity Age: Up to 75 years for term

Why It’s Great

10-year commitment with lifelong protection and savings.

Best For

Those wanting dual benefits over a 10-year payment period.

5. LIC Dhan Rekha

A money-back plan with periodic payouts, ideal for a 10-year premium term.

Key Features

• Policy Term: 20, 30, or 40 years
• Premium Payment Term: 10, 15, or 20 years (choose 10 years)
• Survival Benefit: 20% of Sum Assured every 2 years after premium term
• Maturity Benefit: Remaining Sum Assured + guaranteed additions + bonuses
• Death Benefit: Sum Assured on Death + guaranteed additions + bonuses

Eligibility

• Entry Age: 8 to 55 years (varies by term)
• Minimum Sum Assured: Rs. 2 lakh

Why It’s Great

10-year payments with regular returns and final payout.

Best For

Savers needing liquidity during and after 10 years.

6. LIC Jeevan Utsav

A whole-life plan with flexible income options, suitable for a 10-year premium term.

Key Features

• Premium Payment Term: 5 to 16 years (choose 10 years)
• Survival Benefit: Regular Income (10% of Sum Assured annually) or Flexi Income
• Death Benefit: Sum Assured on Death + bonuses
• Guaranteed Additions: During premium term

Eligibility

• Entry Age: 90 days to 65 years
• Coverage: Till death

Why It’s Great

Flexible income after 10-year payments, with lifelong cover.

Best For

Those seeking steady income post-10 years.

7. LIC SIIP

A unit-linked plan (ULIP) blending investment and insurance, with a 10-year term option.

Key Features

• Policy Term: 10 to 25 years (choose 10 years)
• Premium Payment Term: 5 to 25 years (choose 10 years)
• Maturity Benefit: Unit Fund Value
• Death Benefit: Higher of Sum Assured or Fund Value
• Funds: Four options (e.g., Flexi Growth, Flexi Smart Growth)

Eligibility

• Entry Age: 90 days to 60 years
• Maturity Age: Up to 70 years

Why It’s Great

Market-linked growth potential for 10 years with protection.

Best For

Risk-takers wanting investment returns.

8. LIC Index Plus

Another ULIP with market-linked returns, flexible for a 10-year term.

Key Features

• Policy Term: 10 to 25 years (choose 10 years)
• Premium Payment Term: 5 to 25 years (choose 10 years)
• Maturity Benefit: Unit Fund Value
• Death Benefit: Higher of Sum Assured or Fund Value
• Funds: Flexi Growth Fund, Flexi Smart Growth Fund

Eligibility

• Entry Age: 90 days to 60 years
• Maturity Age: Varies

Why It’s Great

Investment growth for 10 years with life cover.

Best For

Investors comfortable with market risk.

9. LIC Bima Jyoti

An endowment plan with guaranteed additions, ideal for a 10-year premium term.

Key Features

• Policy Term: 15 to 20 years
• Premium Payment Term: 10 to 15 years (choose 10 years)
• Guaranteed Additions: Rs. 50 per Rs. 1,000 Sum Assured annually
• Maturity Benefit: Sum Assured + guaranteed additions + bonuses
• Death Benefit: Sum Assured on Death + guaranteed additions + bonuses

Eligibility

• Entry Age: 90 days to 60 years
• Maturity Age: Up to 75 years

Why It’s Great

Guaranteed returns with 10-year payments.

Best For

Conservative savers seeking stability.

10. LIC Single Premium Endowment Plan

A single-premium plan, adaptable for a 10-year term, blending savings and protection.

Key Features

• Policy Term: 10 to 25 years (choose 10 years)
• Premium Payment Term: Single premium
• Maturity Benefit: Basic Sum Assured + bonuses
• Death Benefit: Higher of 1.25 times single premium or Basic Sum Assured + bonuses
• Loan Facility: Available

Eligibility

• Entry Age: 90 days to 65 years
• Maturity Age: Up to 75 years

Why It’s Great

One-time payment suits a 10-year horizon with returns.

Best For

Those with lump sums to invest.

Comparison Table: Best 10 LIC Policies for 10 Years

Case Study: Choosing the Right LIC Policy

Scenario: Ravi, a 35-year-old married man from Mumbai, earns Rs. 10 lakh annually and wants a policy for 10 years to protect his family and save for his daughter’s education. His budget is Rs. 50,000 per year.

• Option 1: New Jeevan Amar
  • Need: Pure protection
  • Choice: Rs. 50 lakh sum assured, 10-year term, regular premium ~Rs. 15,000/year
  • Outcome: High cover for family security, no savings component.
• Option 2: Jeevan Labh
  • Need: Savings + protection
  • Choice: 16-year term, 10-year premium (~Rs. 45,000/year), sum assured Rs. 5 lakh
  • Outcome: Maturity benefit (~Rs. 7-9 lakh with bonuses, per LIC estimates) for education.
• Decision: Ravi picks Jeevan Labh for balanced benefits within his budget.

How to Buy the Best 10 LIC Policy for 10 Years

1. Assess Needs: Define protection, savings, or investment goals.
2. Compare Plans: Use LIC’s website (www.licindia.in) or tools like Policybazaar, BankBazaar.
3. Check Eligibility: Confirm age, sum assured, and term fit your profile.
4. Documents: Prepare KYC (Aadhar, PAN, address proof, photo).
5. Purchase:
   • Online: Visit www.licindia.in, select plan, apply, and pay.
   • Offline: Contact an LIC agent or visit a branch.
6. Review: Read policy terms, riders, and exclusions.

FAQ Section

What Are the Best 10 LIC Policies for 10 Years in 2025?

The best 10 LIC policy options for 10 years in 2025 include a mix of term, endowment, money-back, and ULIP plans. Top picks are:

• LIC New Jeevan Amar: Pure term plan, 10-year term option, affordable premiums, high cover (Rs. 25 lakh+), no maturity benefit.
• LIC Jeevan Labh: Endowment plan, 10-year premium term, savings + protection, maturity with bonuses.
• LIC Jeevan Umang: Whole-life cover, 10-year premium option, 8% annual survival benefit post-premium term.
• LIC New Jeevan Anand: Endowment + lifelong cover, 10-year premium option, maturity benefit.
• LIC Dhan Rekha: Money-back plan, 10-year premium term, periodic payouts + maturity.
• LIC Jeevan Utsav: Whole-life, 10-year premium, flexible income options.
• LIC SIIP: ULIP, 10-year term option, market-linked returns, four fund choices.
• LIC Index Plus: ULIP, 10-year term, market-linked growth, two fund options.
• LIC Bima Jyoti: Endowment, 10-year premium term, guaranteed additions + bonuses.
• LIC Single Premium Endowment Plan: 10-year term, one-time payment, savings + cover.
  These suit various needs—protection, savings, or investment. Check LIC’s website or consult an agent for 2025 updates.

Can I Pay Premiums for Only 10 Years in an LIC Policy?

Yes, many LIC policies offer a 10-year premium payment term, even if the policy term is longer. Examples include:

• LIC Jeevan Labh: Pay premiums for 10 years, get coverage for 16, 21, or 25 years.
• LIC Jeevan Umang: Pay for 10 years, enjoy coverage till age 100 with annual survival benefits.
• LIC Dhan Rekha: 10-year premium term, coverage for 20, 30, or 40 years, with money-back benefits.
• LIC Jeevan Utsav: Pay for 10 years, get lifelong cover and income options.
• LIC Bima Jyoti: 10-year premium term, coverage for 15-20 years with guaranteed additions.
  Alternatively, the Single Premium Endowment Plan requires one payment, ideal for a 10-year term. Confirm terms and eligibility (age, sum assured) via www.licindia.in or an LIC agent.

What Benefits Do LIC Policies for 10 Years Offer?

LIC policies for 10 years provide diverse benefits:

• Death Benefit: Paid to nominees if the policyholder passes away during the term (e.g., Sum Assured on Death + bonuses in Jeevan Labh).
• Maturity Benefit: Lump sum for survival till end of term (e.g., Sum Assured + bonuses in Bima Jyoti).
• Survival Benefit: Periodic payouts, like 20% of Sum Assured every 2 years in Dhan Rekha, or 8% annually in Jeevan Umang.
• Guaranteed Additions: Fixed additions (e.g., Rs. 50 per Rs. 1,000 Sum Assured in Bima Jyoti).
• Bonuses: Simple Reversionary and Final Additional Bonuses in participating plans (e.g., Jeevan Labh).
• Market-Linked Returns: For ULIPs like SIIP and Index Plus, based on fund performance.
• Tax Benefits: Premiums deductible under Section 80C (up to Rs. 1.5 lakh); benefits tax-free under Section 10(10D).
• Loan Facility: Available in plans like Dhan Rekha, Bima Jyoti.
  Choose based on your goal—protection, savings, or growth.

How Do I Choose the Best 10 LIC Policy for My Needs?

To pick the best 10 LIC policy for 10 years, follow these steps:

1. Define Goals: Pure protection (e.g., New Jeevan Amar), savings + cover (e.g., Jeevan Labh), or investment (e.g., SIIP)?
2. Budget: Can you afford regular premiums (e.g., Rs. 20,000/year for Jeevan Labh) or a single payment (e.g., Single Premium Endowment)?
3. Risk Tolerance: Prefer guaranteed returns (Bima Jyoti) or market-linked growth (Index Plus)?
4. Coverage: Calculate sum assured needed (e.g., 10x annual income for protection).
5. Riders: Add accidental death, critical illness, or disability cover if needed.
6. Compare: Use LIC’s website (www.licindia.in), Policybazaar, or BankBazaar for features, premiums, and returns.
7. Consult: Speak to an LIC agent or financial advisor for personalized advice.
   Example: A 30-year-old needing protection might choose New Jeevan Amar; a saver might pick Jeevan Labh. Review policy documents for exclusions (e.g., suicide within 12 months).

Are LIC Policies for 10 Years Tax-Free?

Yes, LIC policies for 10 years offer tax benefits under the Income Tax Act, 1961:

• Premiums: Deductible under Section 80C, up to Rs. 1.5 lakh per year, for plans like Jeevan Labh, Dhan Rekha, or SIIP.
• Maturity/Death Benefits: Tax-free under Section 10(10D), provided premiums don’t exceed 10% of sum assured (for policies post-April 2012).
• Conditions: Benefits apply if policy terms are met; consult a tax advisor for clarity.
  Examples: Pay Rs. 50,000 annually for Jeevan Utsav, claim deduction; receive tax-free maturity from Bima Jyoti. Check LIC’s site or a professional for 2025 tax rules.

Can I Surrender an LIC Policy for 10 Years Early?

Yes, most LIC policies for 10 years allow surrender after a lock-in period, but terms vary:

• Endowment/Money-Back: Surrender value after 2-3 years of premiums (e.g., Jeevan Labh, Dhan Rekha); value is lower than total premiums paid.
• ULIPs: Surrender after 5-year lock-in (e.g., SIIP, Index Plus); get fund value minus charges.
• Term Plans: No surrender value for pure term plans like New Jeevan Amar.
• Process: Submit surrender form, policy document, and KYC to LIC branch; value depends on premiums paid and policy terms.
• Note: Early surrender reduces benefits; check policy document or consult LIC for exact value and conditions.

Conclusion

The best 10 LIC policy options for 10 years in 2025 cater to varied needs—pure protection (New Jeevan Amar), savings and cover (Jeevan Labh, Bima Jyoti), periodic returns (Dhan Rekha), lifelong security (Jeevan Umang, Jeevan Utsav), or investment growth (SIIP, Index Plus). Each plan offers unique benefits, from tax savings to loan facilities, backed by LIC’s trusted legacy. To choose, assess your goals, budget, and risk tolerance, then compare features via www.licindia.in or an agent. Ready to secure your future? Share your thoughts in the comments, sign up for our newsletter for more insights, or consult an LIC advisor today!