Term Plan

Lic-Term-Insurance-1-Crore

Jeevan Amar (855)

Jeevan Amar, Life Insurance Corporation of India Latest Plans

Term Assurance:

LIC’s New Term Assurance Rider provides for life cover in case of unfortunate death of the insured during the cover period. It can be attached with a basic policy to provide add-on benefit at a nominal cost. This rider shall only be attached with Non-Linked plans at the inception of the base policy.

LIC term plans can secure your family sufficiently against any loss of income, which the family might face in the absence of the life insured. These plans are favored by people even though they do not offer any maturity. The LIC term plan allows the insurance buyers to buy a high amount of coverage levels at very low premiums. This way, people Buying LIC online term plan is an easy and time-saving process. Moreover, LIC term insurance plans come with affordable premium rates, these plans does not burn a hole in the pocket and help individual to fund their need of income replacement easily. You can buy LIC term policy online and offline.

Benefits:

Lower premium for those who do not smoke tobacco or any other hallucinogenic substance.
Special premium discount (starting from Rs. 3,000 per year) to female policyholders.
Rebates on choosing the higher sum assured i.e. more than 50 lakhs. The maximum amount of rebates offered is 20%. The discount will fluctuate according to the type of sum assured opted.
Freedom to enhance your coverage on payment of additional premium for rider benefit.
In case of unfortunate death of the life assured during the term of the Rider, an amount equal to the Term Assurance Rider Sum Assured shall be payable.
On survival to the end of the term of the Rider, nothing shall be payable.

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