LIC (Life Insurance Corporation of India) offers term insurance plans that provide financial protection to your family in case of the policyholder’s unfortunate death during the policy term. These plans are pure life cover plans, meaning they only provide a death benefit and no maturity benefit if the policyholder survives the term. Contact: 9739091119
- Pure Protection: Pays a lump sum to your nominee if something happens to you during the term.
- Affordable Premiums: Compared to other types of life insurance, term plans are budget-friendly.
- Flexible Terms: You can choose the duration and coverage amount based on your needs.
- Optional Riders: Add-ons like accidental death or critical illness benefits for enhanced coverage.
🛡️ What Is LIC Term Insurance?
LIC (Life Insurance Corporation of India) offers term insurance plans that provide pure protection. These plans ensure a lump-sum payout to your family in case of your unfortunate demise during the policy term. They are designed to offer high coverage at affordable premiums, making them ideal for securing your family’s financial future.
📋 Popular LIC Term Insurance Plans
| Plan Name | Entry Age | Policy Term | Minimum Sum Assured | Key Features |
|---|---|---|---|---|
| LIC Digi Term | 18–45 years | 15–40 years | ₹50,00,000 | Online plan, level/increasing sum assured options |
| LIC Digi Credit Life | 18–45 years | 5–30 years | ₹50,00,000 | Credit-linked protection |
| LIC Yuva Term | 18–45 years | 10–40 years | ₹50,00,000 | Tailored for younger policyholders |
| LIC New Tech-Term | 18–65 years | 10–40 years | ₹5,00,000 | Flexible coverage, accident benefit rider |
| LIC New Jeevan Amar | 18–65 years | 10–40 years | ₹25,00,000 | High coverage, multiple rider options |
| LIC Saral Jeevan Bima | 18–65 years | 5–40 years | ₹5,00,000 | Standardized term plan for all income groups |
Optional Riders (available for both plans)
- Accidental Death Benefit Rider
- Disability Rider (in some cases)
Advantages of LIC Term Plans
- Trusted government-backed insurer
- High claim settlement ratio (over 98%)
- Flexible payout and premium options
- Discounted premiums for healthy lifestyles
✅ Benefits of LIC Term Plans
- Affordable Premiums: Cost-effective protection for your family
- Flexible Terms: Policy terms range from 5 to 40 years depending on the plan
- Online & Offline Purchase: Buy via LIC branches or online portal
- Optional Riders: Some plans offer accident benefit riders and increasing cover options
- High Claim Settlement Ratio: LIC boasts a strong CSR of ~98.55%, ensuring reliability
🛒 How to Buy
- Contact: 9739091119