Yes, you can definitely buy LIC term plan online. Life Insurance Corporation (LIC) provides term plans such as e-Term, New Term Assurance Plan, and Amulya Jeevan-II through its official website. Generally, the process involves filling an online application, making an online payment, and submitting your documents.
To begin the process, you need to visit the official website of Life Insurance Corporation and select the plan of your choice. The available plans contain various features such as term of the plan, premium amount, sum assured, premium paying term and so on. You should go through the details carefully and make an informed decision.
Once you have made a decision, you can proceed to fill the application form. All the details that you provide must be accurate, as this will help smoothly process the whole application. After you have filled up the form, you can make payment online either through net banking or debit/credit card.
Once you have successfully made the payment, you have to submit the required documents. Documents like age proof, identity proof and address proof are needed for completing the application process. Lastly, you should take a print out of the payment receipt for future reference.
On the whole, you can buy LIC term plan online quite easily and quickly. It is a convenient method to avail a life insurance policy.