This plan will be available through online application process only and no intermediaries will be involved. Exclusions what the lics eterm plan does not cover. All the premiums calculated here are inclusive of gst. Life insurance corporation of india lics tech term. Lics jeevan labh plan 836 is a limited premium paying, nonlinked, withprofits endowment assurance plan. For more details on the above riders, refer to the rider brochure or contact lics nearest branch. For term 16 year ppt 10 yearfor term 21 year ppt 15 yearfor term 25 year ppt 16 year minimum entry age. With the lic eterm online term plan you can do just that. Life insurance corporation of india has launched a new term insurance plan, called the lics jeevan amar. Know features, plans, premiums of lic jeevan amar term insurance plan. Lics jeevan shiromani plan offers a combination of protection and savings. This product brochure gives only salient features of.
Term life insurance is the purest and most cost effective form of life insurance. Lic amulya jeevan 2 plan number 823 is a regular premium paying conventional without profit pure protection plan. Key benefits fixed rate of return throughout life irrespective of market condition varied option for annuity to. Whether you can buy lics term plan with the sum assured of rs. As no intermediaries are involved the premium is lower compared to its offline counterpart jeevan amar plan 855. As a comprehensive term insurance policy, the plan provides financial coverage to the family of the insured in case of any eventuality. Lic jeevan lakshya table no 933 endowment plan premium and maturity calculator lics jeevan lakshya is a participating nonlinked plan which offers a combination of protection and savings. Life insurance corporation of india new endowment plan lic. Lic jeevan labh table no 836 is a nonlinked not dependent on share market limited premium paying endowment assurance plan which means premium paying term is less than policy term, for example, for 16 years policy term, premium needs to be paid for 10 years only and maturity will happen after completion of 16 years. Lics jeevan umang life insurance corporation of india. The premium has to be paid for a shorter term but the policy remains active for longer duration. Term insurance policies provide high life cover at lower premiums. Terms and conditions, please read the sales brochure carefully before. The lic term plans details have been provided just to help the existing customers who have already bought the plan.
The total premium will be 3,20,640 in case of regular pay and 1,79,520 in case of 10 pay excluding taxes. Without intermediaries and lic agents, this plan is available online. Buy lic best investment plan, lic of india short term investment policy. This plan provides financial protection to policyholders family in case of hisher unfortunate death. Lics new term assurance rider provides for life cover in case of unfortunate death of the insured during the cover period. Lic jeevan labh plan 936 explanation in simple words the policy, lic jeevan labh plan has a premium holiday for 45 years. The minimum sum assured that can be bought is rs 25 lakhs. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump sum at the end of the selected policy term in case of his or her survival. The eterm plan from lic is about 35% cheaper than the lic offline term plan, but slightly costlier than most online pure protection offerings from private companies. Lic health insurance policy, medical insurance plan for family.
Jeevan anand lic term plan, new lic plan, pension plan. Lics jeevan amar plan is a nonlinked, without profit, pure protection. Lic jeevan lakshya table no 933 premium calculator. This is a regular nonparticipating online term assurance plan which provides your family with the financial protection they require after your demise. Cost is one of the major factors that people consider. If the policyholder fails to make payment within the grace period, the policy lapses policy termination or surrender benefit. Lics techterm plan is a term assurance pure risk plan to be sold in online mode only. Lic plans pdf download, lic policy brochure download, lic plan details pdf. Lics e term is a regular premium nonparticipating online term assurance policy which provides financial protection to the insureds family in case of hisher. The higher coverage and cheaper premium amount make all the term insurance plans popular amongst its peers. Lics tech term life insurance corporation of india.
Finally, lic has started offering an online term insurance plan lics e term plan uin. The policy offers more options and greater flexibility to policyholders in comparison to other insurance plans. If the policyholder is not satisfied with the terms and conditions of the policy, then he. Whereas, lics jeevan amar term insurance plan is available through offline i. Lic anmol jeevan plan ii, lic amulya and lic eterm plans have been withdrawn by the lic. Know everything about your life insurance policy before applying for it. However, given the tremendous brand equity of lic, the eterm plan is likely to become the preferred choice for most insurance buyers. Life insurance corporationlic of india compare life. Life insurance corporation of india insurance plan. As of now, there is no confirmed data on premium quotes. Lics techterm is a nonlinked, without profit, pure protection online term assurance policy which provides financial protection to the insureds family in case of hisher unfortunate demise. You can use term insurance premium calculator to calculate the premium amount of lic term plan for a sum assured of rs.
Lic jeevan amar which is an offline plan is slightly more expensive than the online option from lic eterm plan itself. Lic tech term plan new online term life insurance plan. Thank you ali asgar lic agent in delhi, lic agent near. Lic term plans are one of the most popular term insurance products in the market. Lic term plan compare online lic term insurance plan. Maturity benefit as this is a pure term insurance plan, there is no maturity benefit. English sales brochure attached file is in pdf document format hindi sales. In case of death during the policy term provided all due premiums have been paid death benefit, defined as sum of sum assured on death and vested simple. This plan provides for annual income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of.
The percentage savings is for online term plan plus life option for 1 crore life cover for a 28 year old healthy male for a policy term of 40 years with regular income pay out option. Finally, lic has started offering an online term insurance plan lics eterm plan uin. Lics tech term is a nonlinked, without profit, pure protection online term assurance policy which provides financial protection to the insureds family in case of hisher unfortunate demise. Term insurance component after maturity without any premium as well as any medical. After making a payment when i download my proposal form for signing and submitting i found that i. Should you opt for new lic money back plan in india. The following is an indepth analysis of the lic term insurance plan. Investors community was waiting for this online term insurance from lic from very long time and finally many will buy the term plan to cover their family. Lics eterm is a regular premium nonparticipating online term assurance policy. Life insurance corporation of india new term assurance rider lic. Term insurance policies are best suitable plan for people who have dependents children, parents and wants a good sum. Lic plans pdf download, lic policy brochure download, lic.
Death benefit, defined as sum of sum assured on death and vested simple reversionary bonuses and final additional bonus. Lics insurance plans are policies that talk to you individually and give you the most suitable. For more details on the above riders, refer to the rider brochure or contact lics nearest. For a customer who is comfortable using the internet and has some experience of having made an online purchase, buying life insurance online is an easy and a logical option. Term assurance plan which provides financial protection to. Suicide exclusion the lics eterm plan will be terminated if the insured person commits suicide within a period of 1 year from the date of issuance of the policy or date of revival of the policy. Today lic launched its first online term plan to all. Lic online term plans are available on the website of the company. Benefits in the lic jeevan amar plan death benefit in case of sad demise of policy holder, his nominee will be paid the sum assured. Dont worry, we are here to provide you a detailed list of all the lic term plans so that you can easily decide which term plan is suitable for you. Sip solution for all premium cash back in policy term.
Lics accidental death and disability benefit rider. The life insurance corporation of india offers the best term insurance plans with different features and benefits. This product brochure gives only salient features of the plan. Lic term insurance plans are the costliest one off line or on line while buying insurance one rule is most important declare every small thing related to your job profile, past surgeries, accidents pre existing diseases if any, habits like. Life insurance corporation of india new jeevan anand lic. Lics eterm is a regular premium nonparticipating online term assurance policy which provides financial protection to the insureds family in case of hisher. Life insurance corporation of india insurance plan lic. What are advantages and disadvantages of buying lic term. Its fast, easy and secure just fill in the details and make the payment through internet banking.
Jeevan amar hindi sales brochure attached file is in pdf document format. There are no surrender benefits available in this plan. Lic term plan benefit, features, eligibility, coverage. The premium discounts depend on the age of the insured and on the sum assured under the plan.
Office location 1256, deshbandhu gupta road, karol bagh, new delhi 15. Lics new offline term life insurance plan lic jeevan amar illustration. Death benefit during the policy term is higher than the basic sum assured. Lic eterm benefits, features, premiums, details and. The company offers life insurance in a diverse range of product categories including term insurance, ulips, endowment plans, moneyback plans, retirement plans, child plans, etc. Lic jeevan labh plan 936 policy term 16 years pdf download. New jeevan anand 815 plan is a participating nonlinked plan which offers an attractive combination of protection and savings. Download insurance related forms indiafirst life insurance. The life insurance corporation of india lic is the largest company in the life insurance segment in india. The new cheaper term plan from life insurance corporation of india has been launched recently that will offer more flexibility to subscribers. Premium discounts are offered under the plan only for sum assured which is inr 1 crore or more. The sum basic assured will be calculated basis your life assureds age, gender, annual premium, premium payment term or policy term and gap year chosen.176 208 498 918 1106 1608 840 1263 816 118 684 804 53 1150 892 77 429 1577 641 597 419 13 34 1454 541 1456 575 1180 245 1365 1259 1664 224 128 1470 1437 156 168 672 691 1499 445 629 706 1298 518 1111 82 120