LIC is one of the renowned life insurance company of india also only public sector life insurance company which is goverened by indian government. Lic gives many kind of policies like jivan labh, jivan anand etc. It also gives term insurance schemes like amulya jivan. But one of the major drawback of these policies is the time period for which one have to pay the premiums. Most policies only gives benifit if you purchase the 20 year or more time plan but if you purchase 10 year plan you will notice that there is no benifit. Also some plans like aadhar shila, aadhar stambh, jivan rakshuk are wortyless plans gives no benifits in comparison of the premium paid. I purchase jivan labh 16/25 plan in which I will pay for 16 years and get the maturity in the 25 th year. Till I take the plan the agent, d.o. both were reacting like I m their special guest. But once I started paying the premiums they don’t show any interest in me. They behave like they don’t even know me. Then I find same kind of plans are available in other companies at less premiums and for less time span. Medical policy of lic named jivan arogya has not any surety when the person will get the claim.while other companies are giving cashless facilities for medical plans. Claim settlement is only reliable in maturity cases in case of accidental claims it took large spell of time. So guys there are post office, banks both public and private sector and other companies providing life insurance with faster claim settlement process, low premiums, smaller time period plans. Think twice compare all organisations plans then invest don’t bond your money.