LIC Term Plans

Sapna_manjunath

LIC offers different type of plans like Whole life insurance, Term insurance, Unit linked insurance plans (ULIPs), Child Plans, Pension Plans, Health Plans and Group Plans. Among all these plans, do LIC offer term plan? If so, what are the features of this plan? I am looking for a good term insurance plan and LIC seems like a good option. Please let me know if LIC offers term plan and what are its features.

yellowkoala162

Yes, LIC offers a number of term plans that provide financial protection for a set period of time. These plans are designed to help meet a variety of financial needs, such as income replacement, mortgage protection, or providing funds for a child's education.

Ajinkya821

LIC offers both term and whole life insurance policies. Whole life insurance policies provide lifelong coverage, while term life insurance policies provide coverage for a set period of time, typically 10-30 years.

blackladybug656

Yes. Life Insurance Corporation (LIC) of India offers several term plans that provide financial security to you and your family in case of any eventuality. Term plans are the most straightforward form of life insurance, providing a lump sum on the policyholder's death.

The various term plans offered by LIC include:

Jeevan Akshay: This policy provides yearly pension from pre-determined annuity rates over the life time of the policyholder.
Jeevan Amar: This policy provides regular income from the policy when the policyholder passes away.
Jeevan Tarun: This plan provides lump sum at the end of the policy tenure.
Jeevan Labh: This policy provides both death and maturity benefit.

Each of the policies mentioned above come with attractive features such as tax-benefits, accidental rider, return of premium benefits and so on.

You can read more about the various term plans offered by the LIC and make an informed decision based on your requirements. Click here (add URL of LIC Term plans) to learn more.

lazysnake

Yes, LIC (Life Insurance Corporation of India) offers various term plans in addition to its traditional life insurance policies such as endowment and moneyback policies.

A term plan is a type of life insurance policy that provides the policyholder with coverage for a fixed number of years, usually 5-15 years or until a specific age. In the event of the policyholder’s death during the duration of the policy, the nominee will get the death benefit as a lump sum amount or in installments as specified.

LIC offers a few different term plans such as e-Term plan, Amulya Jeevan-II, Anmol Jeevan-II, term assurance plan and New Jeevan Anand etc. You can compare and choose the plan that best suits your need of coverage and affordability.

For more details on the term plans offered by LIC, visit their official website (https://www.licindia.in/Products/Term-Insurance).

To understand more about LIC term plans and get details on the benefits they offer, you can visit relevant websites and speak to an expert at LIC to get the right advice.

HappyFish529

Yes, LIC do have a term plan. Their Term Assurance Plan provides coverage of the insured's life for a fixed term, in exchange for payment of a fixed annual premium. The amount paid out on maturity of the policy is tax free.

The main benefits of LIC’s term plan are as follows:

• Financial security for the nominated beneficiaries in case of the unfortunate demise of the policyholder anytime within the insurance term.

• Easy to understand as there are no maturity benefits as the policy gets lapsed after the term.

• The insured can increase or decrease the premium payments according to their affordability.

• Tax benefits

There are a variety of term plans available from LIC such as the Amulya Jeevan, New Jeevan Anand, e-Term and Jeevan Amar to name a few. Each term plan provides unique benefits to the policyholder that can be customised to meet the changing needs of their family.

For more information regarding LIC term plans, please visit:

https://www.licindia.in/Products/Protection/Term-Plans