LIC Term Insurance Plans provide financial protection and security against the risk of death.
LIC offers a host of options when it comes to providing insurance coverage to its customers. Term insurance is also one of its several insurance options to policyholders, which guarantees monetary benefit to the family (nominee/beneficiary) in case of the unfortunate death of the primary insured.
Here are some of the most popular term insurance plans offered by LIC:
1. LIC’s Amulya Jeevan II Plan
2. LIC’s Anmol Jeevan II Plan
3. LIC’s e-Term Plan
A non-profit plan that offers financial protection to the insured’s family in case of the former’s death, Amulya Jeevan plan proves to be highly beneficial.
1. Flexible policy term
2. Death benefit feature
3. Tax exemptions
4. Tax No-limit sum assured
This plan is slightly different from the other term insurance plans offered by LIC since it provides comprehensive coverage to the policyholder.
1. Competitive premium rates
2. Term of the plan
3. Tax exemption permissible
4. Death benefit to nominee
As the name suggests, this is LIC’s online term insurance plan with regular premium payment.
1. Online purchase possible
2. Death benefit
3. Premium rate preference
4. High sum assured amount