Life insurance ensures your family’s financial security in case of unforeseen events. It helps cover expenses, repay debts, and maintain their lifestyle even in your absence.

LIC offers a wide range of plans including term insurance, endowment plans, money-back policies, child plans, pension plans, and ULIPs to suit different needs.

Coverage depends on your income, liabilities, lifestyle, and future goals. A general rule is 10–15 times your annual income for adequate protection.

Yes, LIC provides multiple premium payment options including online payment through the LIC website, mobile app, net banking, UPI, and authorized digital wallets.

LIC offers a grace period (15 to 30 days) depending on the mode of premium payment. If not paid within this time, the policy may lapse but can be revived within a certain period.