Term Insurance Plans Lic
It is a pure insurance policy with a maturity term of 75 years.
Term insurance plans lic. As individuals it is inherent to differ. The lic term insurance plans promises considerable benefits if the policyholder dies during the tenure of the plan. Policybazaar does not endorse rate or recommend any particular insurer or insurance product offered by an insurer. It provides a risk cover to the insured and his her family for the entire tenure of the plan.
The lic term plan premium rates are affordable and offer higher coverage. There is usually no maturity value payable under the lic term insurance plan if the person survives till the end of the tenure. Lic s insurance plans are policies that talk to you individually and give you the most suitable options that can fit your requirement. Lic s tech term is a non linked without profit pure protection online term assurance policy which provides financial protection to the insured s family in case of his her unfortunate demise.
Lic s share has decreased from its previous holding of 72 61 in 2015 16 the private insurers have made a gain of 0 8. Lic s e term policy is a pure life cover policy that provides financial protection to the insured s family in case of any unfortunate event. Lic e term life insurance plan is considered to be the best from their range of term insurance plans. Lic term insurance plans.
Comparatively it offers a high sum assured at a very low cost. Higher insurance cover at a low premium and if you are a non smoker pay even less premium amount all the term insurance plans of lic offer flexibility in terms of sum assured policy tenure premium payment frequency etc. It allows all the customers to buy certain plans from home as per their requirement. Below are a few term insurance policy that comes with a high sum assured.
The company provides benefits to all customers under all the applicable sections of the it act 1961. Lic s tech term uin 512n333v01 policy document date of launch. Tax benefit is subject to changes in tax laws. What is the maximum and minimum policy term available under these plans.
The lic term plans offer higher insurance cover at lower premium rates i e. Term insurance is the most effective form of insurance plans. There are term plans from lic that offer preferential rates on premiums for non smokers and females. Lic is the oldest and most reliable insurance company in india.
Benefits of lic term insurance plans. Market share life insurance corporation lic currently holds 71 81 of the total indian life insurance market as against 28 19 held by all the 23 private players for the year 2016 2017.
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