LIC plan 5 years double money – Is it for real?
Let’s be real: you’ve probably heard the buzz about an LIC plan 5 years double money. Is it legit or just hype? Spoiler alert: LIC doesn’t actually guarantee doubling in five years—no official policy says that. But with smart picks and bonus structures, you can get impressively close. I mean, hey, doubling in five years? That’s an ~15% annual return compounded. LIC plans can offer high returns, but are they guaranteed? Nah.
What LIC actually offers in 5-year plans
Here’s a lowdown:
No magic doubling
LIC itself confirms, “None of these LIC plans offer a ‘money doubling’ benefit… There isn’t a specific LIC plan 5-year double-money maturity calculator available on the official site.” policybazaar.comStrong near-short-term options
LIC Dhan Sanchay: single-premium, 5-year duration, income benefit—good for moderate growth . licindia.in
LIC Jeevan Akshay VII: immediate annuity, stable payouts—not doubling, but reliable.
LIC Bhagya Lakshmi, New Jeevan Mangal: micro and premium return plans offering ~110% back on premium in five years.
New twists—Jeevan Amrit & Jeevan Utsav
Jeevan Amrit: pay over 3–5 years, get life cover + bonuses; not doubling but higher flexibility.
Jeevan Utsav: 5-year premium lock with lifelong monthly payout—yup, that’s something new.
New Jeevan Sri (Plans 911 & 912)
LIC has just launched these plans, which include guaranteed additions. Example: A ₹10k/month premium could give ₹26 lakh back! These plans are ideal for achieving objectives such as a child’s education or marriage.
So why does the “double money in 5 years” myth persist?
High expectations meet marketing: Non-technical talk like “double your money” sells, even if official docs don’t promise it.
Bonus boosters: Some plans add handsome reversionary or terminal bonuses that feel like doubling.
Creative math: Folks stack returns and talk about post-tax results, making things look juicier than reality.
But unless LIC says “double guaranteed,” it’s not the truth.
Plans that come close
Here’s a quick comparison of LIC products that come nearest to the LIC plan’s 5-year double-money vibe:
| Plan | Term | Highlights |
|---|---|---|
| LIC Dhan Sanchay | 5-year single-premium | Moderate returns, level income benefit, death cover up to ₹22 L |
| LIC New Jeevan Mangal | 5-year (lump/regular) | Premium return plus insurance; great for micro-budget planning |
| LIC Bhagya Lakshmi | 5-year PPT + 2 years | Guaranteed ~110% premium return, low sum assured |
| LIC Jeevan Amrit | 3–5 year PPT + term | High flexibility, bonus eligible |
| LIC New Jeevan Sri | New launch | Up to ₹26 L corpus on ₹10k/month premiums—new but promising |
Real talk: What returns can you actually expect?
You won’t see a guaranteed +100% ROI in 5 years. But depending on your plan, stay-in investments, and bonus rates, you might hit +40% to +60%+ overall (8–12% annualized). Not shabby for low-risk, tax-free maturity.
Tips to make it work like a “double” strategy
Choose the right plan type: Opt for endowment, money-back, or micro-insurance types—not pure term plans.
Don’t surrender early: Penalties eat into your corpus big time.
Factor in bonuses: Declared annually; some get hefty final additions.
Consider liquidity needs: some let you take loans or partial withdrawals later.
Stay tax-aware: Section 80C deduction + maturity exempt under 10(10D)—sweet deals!
TL;DR – Final verdict
Is there a true LIC plan that doubles money in 5 years and guarantees a 2x return in half a decade? Nope. But with the right mix, you can land close—around 110–160% maturity—which feels like double for a lot of us. Simply manage your expectations, make wise choices, and remain committed to your investment.
Q&A
Q1: “Can LIC plans guarantee doubling money in 5 years?”
A: No official plan promises that—LIC confirms there’s no plan labeled or marketed to double money in five years.
Q2: “Which LIC plan offers the best maturity in 5 years?”
Look into Dhan Sanchay, Bhagya Lakshmi, New Jeevan Mangal, or the newly launched New Jeevan Sri for decent returns and coverage.
Q3: “What if I need cash early?”
A: Most require you to finish premiums or wait until maturity. Some policies allow you to take a loan against the post-surrender value, but doing so will impact your returns.
Q4: “Are returns taxable?”
A: Maturity and bonuses are tax-exempt under Section 10(10D), and premiums under Section 80C—sweet deal!
Q5: “Is LIC plan 5 years double money better than FD or mutual funds?”
A: For low-risk folks, LIC offers insurance + savings + tax benefits. For pure returns, diversified equity or mutual funds might beat it—but come with higher volatility.
Final word
If you’re chasing the LIC plan 5 years double money tag, know it’s more myth than policy. But by choosing smart plans and staying in until maturity, you can come close to doubling in spirit, if not in exact numbers. Just keep it real—and chat with a licensed advisor if you’re unsure 🙌
Also Read: Ditto Insurance: What You Should Know in 2025