Since LIC is a government based company we can trust it maximum, Which means our investment is safe.
Now a days most of the people choosing LIC as an investment platform which gives us returns at the end. I am not saying that not to take insurance for your life, but take term insurance plan which is very cheap when compared to others but you won't get any returns at the end.
If you want to invest money for future get some idea about the below fields and invest in them
PPF
Mutual funds
Stocks(if interested)
FD or RD
Finally, what I want to say is to get insured to your life from LIC using Term plan policy and invest the remaining amount in this fields which gives you more returns when compared to other policies in LIC.