Is LIC E-term plan good?

The e-Term 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. However, given the tremendous brand equity of LIC, the e-Term plan is likely to become the preferred choice for most insurance buyers.

Can you buy LIC policy online?

Now, you can buy LIC policies online in a few clicks and also enjoy special benefits on offer. There are several benefits of buying LIC policies online. You can get a discount on buying several policies online, including LIC Jeevan Shanti, LIC Jeevan Akshay VI, LIC Cancer Cover, LIC E-Term, and LIC Navjeevan.

What is annual premium for LIC term plan?

However, for Rs 1 crore life cover, the annual premium is Rs 17,445 inclusive of the GST. So, in LIC Term Plan Policy, if a person invests Rs 27 per day for the entire year, he or she can get a life cover of Rs 50 lakh.

What is LIC policy in India?

The LIC child plan policy will vest in the name of the child who is the life assured and will then become the policyholder on the policy anniversary following the completion of 18 years of age. The loan can be availed under this LIC child plan.

What is term insurance in India?

Term insurance is a plan that provides financial protection to the family of the policy buyer after his/her demise. It is not repayable if the policyholder survives at the maturity date. It can benefit the buyer’s family only in the event of death. We have put together 7 best term insurance plans in India based on high…

What is a LIC term plan?

A LIC term plan, which is non-linked and a non-participant online complete risk-proof plan that offers financial security to the family of the policyholder in case of demise of the policyholder in between the policy tenure.

What are LIC policies?

Lic Policy or Insurance provides the financial security to you and your family against any unfortunate events. Here, we provide Lic policies of all types such as Whole life Insurance plans, Term Insurance plans, Endowment plans, Children plans, Pension plans, Money back plans and Health Insurance Plans.