Plan 951LIC's Micro Bachat
Small savings plan with no medicals
- No medical examination — simple health declaration
- Loyalty addition at maturity or on death
- Auto cover period if premiums stop
- Very small ticket size
LIC Micro Insurance Plans
Small-ticket, affordable cover built for modest and irregular household incomes.
Explore all 2 LIC micro insurance plans with premium estimates, benefits, eligibility, policy terms and side-by-side comparisons — explained by a licensed advisor serving Mumbai, Navi Mumbai and Thane.
All LIC micro insurance plans
Plan 951Plan 982LIC's New Jeevan Mangal
Term cover with return of premium
- Return of total premiums paid at maturity
- Inbuilt accident benefit
- Single or regular premium options
- Flexible premium frequencies including weekly
Compare micro insurance plans at a glance
| Plan | Entry age | Policy term | Key benefit | Ideal for | Tools |
|---|---|---|---|---|---|
| LIC's Micro Bachat | 18 to 55 years | 10 to 15 years | No medical examination — simple health declaration | Households with modest incomes wanting a first savings policy. | Calculate · Compare |
| LIC's New Jeevan Mangal | 18 to 55 years | 10 to 15 years | Return of total premiums paid at maturity | Daily wage earners and small traders needing affordable protection. | Calculate · Compare |
Not sure which micro insurance plan fits?
Send your age, budget and goal. You will get an honest recommendation — including when the answer is that none of these suit you.
5th Floor, Jeevan Prakash Building, Sir P.M. Road, Fort, Mumbai - 400001, Maharashtra · Mon–Fri, 10:00 AM – 6:00 PM · IRDAI Agent Licence No. LIC03699923