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Term Insurance 4956 views February 25, 2020
Life Insurance Corporation is one of the most prominent insurance providers in India. The company is the only public sector insurance provider in India. Since its establishment in 1956, the company has been introducing unique insurance products and has been one of the most trusted insurance providers in India. LIC was formed by merging various insurance companies and provident societies in India due to which the company has a wide reach. The LIC has its presence in urban, rural as well as in the remotest areas of India. Since its inception, LIC has been successful in maintaining its predominance in the Indian Insurance Sector.
Life Insurance Corporation of India (LIC) not only has a wide presence across India but also has a wide network of agents and insurance brokers. The unmatched agent and broker network helps LIC’s products to reach people residing at the remotest corners of India. The insurance plans of LIC are simple yet very unique. The company is very customer-friendly as it offers top-notch customer support to its customers. LIC has insurance plans for every need like protection plans, endowment plans, pension plans, etc. LIC term insurance plans have been one of the most popular insurance products. Let us have a look at various LIC term plan details.
Table of Contents
Particulars | Jeevan Amar Plan | Tech-Term Plan | Anmol Jeevan II | Amulya Jeevan II | e-Term Plan |
---|---|---|---|---|---|
Age at Entry | Min: 18 Years Max: 65 Years | Min: 18 Years Max: 65 Years | Min: 18 Years Max: 55 Years | Min: 18 Years Max: 60 Years | Min: 18 Years Max: 60 Years |
Maturity Age | Max: 80 Years | Max: 80 Years | Max: 65 Years | Max: 70 Years | Max: 75 Years |
Sum Assured | Min: 25.00 Lakhs Max: No Limit | Min: Rs 50.00 Lakhs Max: No Limit | Min: 6.00 Lakhs Max: 24.00 Lakhs | Min: 25.00 Lakhs Max: No Limit | Min: 25.00 Lakhs (50.00 Lakh for non-smokers) Max: No Limit |
Policy Term | 10 to 40 Years | 10 to 40 Years | 5 to 25 years | 5 years to 35 years | 10 to 35 years |
Buying LIC Term Plan come with the following benefits
LIC term insurance plans are one of the most popular term insurance products in the market. The higher coverage and cheaper premium amount make all the term insurance plans popular amongst its peers. The following is an in-depth analysis of the LIC Term Insurance plan.
LIC Jeevan Amar Plan is designed to provide financial protection to the entire family in the event of the unfortunate demise of the insured. The key features of the plan are as under:
LIC has expanded its business via online channels. One of the best term insurance plans is LIC Tech Term is a pure protection plan designed to offer life cover and financial protection during the policy tenure. The key benefits of the plan are as under:
LIC Anmol Jeevan II is one of the most popular protection plans offered by LIC. This LIC term insurance plan is designed to offer financial protection to the insured family in the eventuality of death of the insured. The following are the key features of the plan.
LIC Amulya Jeevan II is a pure protection plan by LIC. This term insurance plan is designed to offer higher insurance coverage to individuals at an affordable premium amount. The key benefits of the plan are as under:
LIC e term is a pure protection plan that can be purchased via the online channel. The plan offers insurance protection upon the death of the life insured. However, no insurance coverage is offered in the event of death after the end of the policy term. This plan offers no maturity benefit in the event of survival of the life insured. The following are key benefits of the plan
Final Words
LIC term insurance plans are best in the industry by ensuring the financial security of your loved ones in your absence. Buy LIC term plan to protect your family against financial crises and stay stress-free.