LIC Best Plan 2026: ‘LIC FD’ policy with more profits than banks; Insurance cover up to ₹ 17 lakh with investment, know the whole truth

New Delhi. Along with safe investments, family safety is everyone’s priority in the year 2026. These days there is a lot of discussion about ‘LIC FD Plan’ on social media and internet. It is being claimed that this plan of LIC is much better than the FD (Fixed Deposit) of banks because along with interest, it also provides huge insurance cover. Let us examine this ‘Superhit’ plan in detail in the reporter style of Amar Ujala and know what is the reality. What is LIC’s ‘FD’ plan? (Table No. 917)Actually, LIC does not use the term ‘FD’ directly, rather it is in its ‘Single Premium Endowment Policy’ (Plan No. 917). It is commonly called ‘LIC’s FD’ because it has to be deposited only once like a bank and gives huge returns on maturity. Lump sum investment: Unlike bank FD, premiums do not have to be paid again and again. Age limit: Anyone from 90 days old to 65 years can take it. Tenure: You can choose the tenure from 10 years to 25 years as per your convenience. Bank vs LIC: Where Is there more benefit? By getting FD done in bank and post office, you get interest only on the deposited amount. But the biggest strength of this LIC plan is its ‘Risk Cover’. Bank FD: Only interest is given, on the death of the depositor only the deposit amount and interest are returned. LIC 917: Your insurance cover starts from the first day of investment. If something untoward happens during the policy term, the nominee gets the ‘Sum Assured’, much more than the deposited amount. Protection cycle of ₹17.87 lakh: Understand the maths As per the viral claims, if you invest a fixed amount (say ₹2,40,000), the mathematics of protection works like this: Normal Death: If the policyholder has a normal death, the nominee gets up to ₹12.87 lakhs. You can get a claim of Rs. 17.87 lakh (including bonus). Accidental Death: If the Accidental Rider is taken, this amount can increase up to ₹ 17.87 lakh. Maturity: If the policyholder remains safe, he gets the benefit of the deposited amount + vested bonus + final additional bonus on maturity. Is there a risk of losing money in LIC? Often people are scared of the news of bank collapse. Let us tell you that LIC has ‘Sovereign Guarantee’. This means that your money is directly guaranteed by the Government of India. Post Office and LIC are considered to be the safest for investment. LIC Housing Finance FD: For those who want only interest. If you want only bank like FD and not insurance, then LIC Housing Finance (Sanchay Public Deposit) is a great option. Interest Rate: It gives annual interest ranging from about 6.70% to 7.15%. Senior Citizens: Senior citizens get 0.25% more interest than normal. Tenure: 1 year to 5 FD can be made for up to one year.