Term Insurance Plan Lic
This plan will be available through online application process only and no intermediaries will be involved.
Term insurance plan lic. Yogakshema building, jeevan bima marg, p.o. Best lic term plan 1. Those who have knowledge to operate a computer, can go for lic tech term.
C) lic’s new term assurance rider. You cannot buy it offline. Lic tech term (854) is a term life insurance from life insurance corporation (lic) of india, which provides high life cover in low premium.
As no intermediaries are involved the premium is lower compared to its offline counterpart jeevan amar (plan 855). It ensures that the family members of the policy holder are given compensation up to the sum assured amount in case of the death of the policy holder during the selected term insurance policy duration. In case of unfortunate death of the life assured during the policy term sum assured shall be payable.
Lic tech term plan (854) details. Lic jeevan amar provides a minimum of 10 years to maximum 40 years of the term plan. This lic term plan is online plan only.
Term insurance is one of the simplest forms of life insurance. Minimum entry age is 18 and the maximum entry age is 65 years for jeevan amar. Lic offers five variable options under its term insurance plans and they can be bought traditionally through the branches of lic.
It offers the best term insurance plans. This plan is available for online purchase only and it also has option of accidental rider, which makes it a unique pure life insurance scheme from lic. 1 crore a term plan is one of the most basic types of life insurance policies.