LIC Policies Guide

What Is LIC? Uses, Types of Policies, Documents Required and 2026 Updates (0% GST, New Plans)

LIC is India’s largest life insurer. A policy gives your family money if you die, helps you save for goals, and can also give a pension. Here is what LIC is, what it is used for, which documents you need, and what has changed in 2026, including GST-free premiums and three new plans launched in October.