LIC Term Insurance
- Vivid plan options
- Hassle-free purchase process
- Free plan comparison
LIC Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by LIC Term Insurance.
| Plan | Entry Age | Tenure | Min. Sum Assured | Unique Features |
|---|---|---|---|---|
| LIC Jeevan Amar Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, half-yearly, quarterly & monthly | Rs 25 lakhs |
|
| LIC Tech Term Plan Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, half-yearly, quarterly & monthly | Rs 50 lakhs |
|
Here is a quick overview of the LIC Term Insurance Plans listed in the above table.
LIC Jeevan Amar is a simple term plan that offers financial protection to your family in case of the policyholder’s demise. This plan offers flexibility to choose from two benefit options: Level Sum Assured and Increasing Sum Assured. You can choose the sum assured amount as per your financial requirements.
LIC Jeevan Amar plan is a non-linked, non-participating, without profit, offline pure protection term insurance plan. With several benefits, LIC Jeeva...
Unique Features
LIC's Tech Term plan is a non-linked, non-participating online, pure risk premium plan, that provides financial protection to the insured's family in ...
Unique Features
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LIC Term Insurance Plans
| Name of the rider | Benefits |
| LIC Accidental Death and Disability Benefits Rider | Additional benefits are offered in case the policyholder is diagnosed with any of the critical illnesses mentioned or disability due to the accident. |
| LIC Accidental Death Benefits Rider | A lump sum amount is offered in case of the policyholder’s demise due to an accident if you have opted for an accidental death benefit rider. |
| LIC Critical Illness Rider | A lump sum amount is offered in case the policyholder is diagnosed with any of the critical illnesses mentioned. |
| LIC Premium Waiver Benefit Rider | Future premiums are waived off in case of the policyholder’s demise due to an accident or any of the critical illnesses mentioned if you have a premium waiver benefit rider. |
LIC Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose LIC Term Insurance Plans:
LIC Term Plans offer a range of additional benefits. Let’s understand these benefits in detail:
LIC Term Plans such as LIC's Digi Credit Life and LIC's Yuva Credit Life offer high sum assured rebates to the policyholders.
LIC’s Digi Term Plan offers policyholders to receive benefits in installments.
LIC term insurance plans such as LIC's Digi Credit Life and LIC's Yuva Credit Life offer special premium rates for women.
LIC’s Digi Credit Life offers policyholders to choose loan interest rates as per their need.
LIC’s Digi Credit Life offers policyholders to choose from single premium and limited premium payment options.
There are various LIC term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.
These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.
These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.
These plans offer inbuilt coverage against critical illnesses.
These plans offer inbuilt coverage against accident disability and death cover.
Here are the documents required to buy a LIC Term Insurance Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the LIC Term Insurance policy from Policyx.com or the LIC Term Insurance website.
Fill out the form at the top of this page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, and riders (if required), and then proceed to pay.
First, visit the official website of LIC India and go to the buy policy online section.
Choose the term insurance plan you want to purchase, according to the list of needs and requirements from the list of plans.
Fill out all the personal details as mentioned. (like name, address, phone number)
Select the right sum assured as per your requirement. Select the premium paying frequency.
Pay your premium amount from any of the given methods (like - credit, debit, net banking, etc).
Once your premium gets paid you will receive a notification by email and registered mobile number.
You can use the LIC Premium Calculator to calculate your premium amount.
LIC Term Insurance has made the claim process very convenient and easy. So, in hard times the policyholder family will get support as soon as possible. There are two options for the policyholders to choose from- online process and offline process.
Let's have a look at them both.
Report your LIC Term plan claim by visiting the LIC website and clicking on the ‘Claim settlement’ section under ‘Customer Services”.
LIC’s customer support staff will review your claim form and will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.
Your claim will be resolved once you have informed the insurer of your claim and the insurer has received all of the necessary documents.
The LIC term plan claim settlement procedure can be reported by visiting the local LIC branch office. For the details of LIC Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
If you have any more queries regarding LIC Term Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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