Feb 03, 2014 with effect from 3rd february 2014, two new plans anmol jeevan2 table no. The name of its online term policy is lic e term and can be bought via lic direct initiative. Even though lic eterm key features specify differential premium rates for smoker and nonsmoker lives, it is applicable only for sum assured of rs50 lakh and above. For a customer who is comfortable using the internet and has some experience of having made an online purchase, buying life insurance online is an easy and a logical option. My age 32 i am willing to take term plan from lic of sumassured of 25 lakh so kindly advice which plan is best is it pure term plan or refund of premium i am confuse in between these two.
Thus, this term plan offers deferential premium rates for nonsmokers opting for an assured sum of rs 50 lacs or more. Maximum no limit subject to the sum assured amount chosen. Lics new plan 2014 new endowment plan 814 circular lics new endowment plan is a participating nonlinked plan which offers an attractive combination of protection and saving. Lics only online plan that is a pure term plan and considered only on individual basis.
Lic amulya jeevan ii is a pure risk cover term plan of sum assured for rs 25 lakhs and more, which can be opted primarily for protection. Lics tech term is a nonlinked, without profit, pure protection online term assurance policy which provides financial protection to the insureds family in case of hisher unfortunate demise. Lic plan presentation software free download insurance. Lic plan presenter from insurancefunda is an excel based plan presentation software which can help you to get a clear idea of all popular plans from lic. Without intermediaries and lic agents, this plan is available online. Whether you can buy lic s term plan with the sum assured of rs. Jan 04, 2014 lics new plan 2014 new endowment plan 814 circular lics new endowment plan is a participating nonlinked plan which offers an attractive combination of protection and saving features. Life insurance corporation of india lics tech term. Lic online term insurance plan is named as lic e term lic eterm. Dont worry, we are here to provide you a detailed list of all the lic term plans so that you can easily decide which term plan is suitable for you. From initial findings it looks that they are cheaper. Lifebima lic ready reckoner for ios free download and. Let see how they are beneficial to you and what changes are done to the prior plans.
The life insurance corporation of india offers the best term insurance plans with different features and benefits. Welcome to life insurance corporationinternational bsc c, dubai. Lics special plans are not plans but opportunities that knock on your door once in a lifetime. In this plan, the nominee will get the entire sum assured if the life. Lic has two term insurance policies anmol jeevan sum assured 6000002499999 covered till 65 years amulya jeevan sum assured 2500000any amount covered till 70 years below is an example of premium for anmol jeevan plan. Participating marriage education plan welcome to life insurance. You can use term insurance premium calculator to calculate the premium amount of lic term plan for a sum assured of rs. In lic jeevan ankur plan, parent life is assured, as compared to other children plan where the child life is assured. The life insurance corporation of india offers the best term insurance plans with. Lic online term insurance plan is named as lic eterm lic eterm. Lics new plan 2014 new endowment plan 814 circular. Life insurance corporation of india withdrawn plans lic. Jul 01, 2014 but premium charged by lic for this term plan is higher compared to other term plans in case if you are above 35. Today lic launched new versions of its existing term insurance policies.
But one good point about e term plan is that is about 35% cheaper than anmol jeevanamulya jeevan lics offline term plans. You fill the form properly dont hide any details related to smokingtobacco habits if any hazardous working situation if any health problems any previous term policy and make sure you pay premiums. The basic features of this plan are as follows minimum 18 years. This combination provides financial support for the. In case of death during the policy term provided all due premiums have been paid death benefit, defined as sum of sum assured on death and vested simple. Cost is one of the major factors that people consider. But one good point about eterm plan is that is about 35% cheaper than anmol jeevanamulya jeevan lics offline term plans. If you are a person, who trusts lic more than private players and do not have a term plan, you can consider buying it else you can look at other term plans as well. Lic term insurance plan is the most basic insurance plan offered by the life insurance corporation of india.
Lic online term plans are available on the website of the company, which come at low rates of premiums while other. Suicide exclusion the lics eterm plan will be terminated if the insured person commits suicide within a period of 1 year from the date of issuance of the policy or date of revival of the policy. Lic term plan compare lic term insurance plan online at lowest premium with high coverage. The premium payment mode for this plan is restricted to annual payments. Life insurance corporation of india new endowment plan lic.
As these days you can get online term plans which are comparatively much cheaper, so this comparison is between lic term plans available offline and some popular online term plans for a sum assured of rs 24 lakh and rs 1crore with a maximum term of 25 years. The name of its online term policy is lic eterm and can be bought via lic direct initiative. The company offers life insurance in a diverse range of product categories including term insurance, ulips, endowment plans, moneyback plans, retirement plans, child plans, etc. This is a regular nonparticipating online term assurance plan which provides your family with the financial protection they require after your demise. Lic launches new pension plan in 2014 related articles. As these days you can get online term plans which are comparatively much cheaper, so this comparison is between lic term plans available offline. This plan works like a regular term plan once it has been issued.
Exclusions what the lics eterm plan does not cover. The lic term plans details have been provided just to help the existing customers who have already bought the plan. The lic eterm plan is a term plan that provides comparatively very high cover for low premiums. Lic term insurance plans compare lic term plans online. Lic is trusted for the longest time, but premiums do not come cheap compared to private insurance online term insurance plans. The eterm 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. But premium charged by lic for this term plan is higher compared to other term plans in case if you are above 35. May 17, 2014 my age 32 i am willing to take term plan from lic of sumassured of 25 lakh so kindly advice which plan is best is it pure term plan or refund of premium i am confuse in between these two. Lic e term plan has been withdrawn by lic and is not available for sale and purchase. However, given the tremendous brand equity of lic, the e term plan is likely to become the preferred choice for most insurance buyers. The lic e term plan is a term plan that provides comparatively very high cover for low premiums. These plans are a perfect blend of insurance, investment and a lifetime of happiness.
Lics eterm plan offers death benefit only, wherein it does not offer any maturity benefit and can be opted for high sum assured only. Investors community was waiting for this online term insurance from lic from very long time and finally many will buy the term plan to cover their family. I compare all term plan i find lic is best in all sence except premium because premium is high as compare to others. Whether you can buy lics term plan with the sum assured of rs. Softech corporation lic agent software lic software free. Lic was a late entrant with respect to the launch of online term plans.
Life insurance corporation of india insurance plan lic. Online premium calculator, generate an instant illustration for premium. The application makes it easy and simple for insurance agents to explain various plans such as new jeevan anand plan no 815 new bima bachat plan no 816 new endowment plan no 814 single. Welcome to life insurance corporationinternational bsc c.
In this article, we would discuss about the key features of this lic jeevan sugam insurance plan, benefits, risks and to whom this insurance plan is best suitable for. Lic eterm plan has been withdrawn by lic and is not available for sale and purchase. Lics insurance plans are policies that talk to you individually and give you. With effect from 3rd february 2014, two new plans anmol jeevan2 table no.
If you are nonsmoker who wishes to buy online term plan of rs50 lakh or more, then lic eterm will help to save nearly 40% premium when compared to lics offline plan. You can use term insurance premium calculator to calculate the. Basic change incorporated in new lic plan new jeevan anand are. Lics anmol jeevan ii is a protection plan which provides financial protection to the insureds family in case. The company offers life insurance in a diverse range of product categories including term.
The application makes it easy and simple for insurance agents to explain various plans such as new jeevan anand plan no 815 new bima bachat plan no 816 new endowment plan no 814 single premium. If you are a person, who trusts lic more than private players and do not have. Lics eterm plan offers death benefit only, wherein it does not offer any maturity benefit and can be opted for high sum. No, lic term plan is still one of the highest even after reduction in its premium rates, but if someone is hell bound on buying a term plan from lic only, then its a great news for them. It can help to compare all the benefits of plans such as insurance coverage, tax benefits, loan availability, maturity benefits etc. Nov 22, 2017 this plan works like a regular term plan once it has been issued. Jeevan ankur plan has been especially designed so that the benefits are payable for the childs future even if the parent does not survive till the end of the policy tenure.
Lic term plans premium comparison with other insurers. Hdfc click 2 protect is just example you can take any other term plan available in market. Lic of india, in response to persistent demands from a large number of nris like you, has established a subsidiary company lic international bsc c. Lic e term is an online term plan that provides financial help to the family through the payment of death benefit. With the lic eterm online term plan you can do just that. Finally the much awaited lic online term insurance plan has been launched by lic few days back. Amulya jeevan new amulya jeevan 823 new term plans.
Lic has two term insurance policies anmol jeevan sum assured 6000002499999 covered till 65 years amulya jeevan sum assured 2500000any amount covered till 70 years below is an. The premium rates are lower for healthy individuals and female assured. With the lic e term online term plan you can do just that. New lic term insurance relaunched with low premiums. Jan 06, 2014 lic s endowment plan 814 is a participating nonlinked plan which offers an attractive combination of protection and saving features. If you consider other private companies then the premiums are much lower for other companies like bharti axa, aviva or hdfc click2protect.
Download link 1 download link 2 shine plans single plan presentation or mix any insurance plans here. How to buy lic eterm online term plan launched by lic. Download link 1 download link 2 millionaire plan be a millionaire without any investment i. Lic term plan buy best lic term insurance online lic e term. May 26, 2014 finally the much awaited lic online term insurance plan has been launched by lic few days back. Life insurance corporation of india insurance plan. May 26, 2014 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. Lics endowment plan 814 is a participating nonlinked plan which offers an attractive combination of protection and saving features. Suicide exclusion the lics eterm plan will be terminated if the insured person commits suicide within a period of 1 year from the date of.
What is the best lic term plan for a 51 year old man. This plan will be available through online application process only and no. It works as an ideal income replacement in case the policyholder meets an untimely demise. This is a plan on your life through which you can make comprehensive. But i need to validate with the data which may take some time. Lic has launched its online term insurance plan on 17th may, 2014. Are you confused which lic term plan will be suitable for me or for my family. The life insurance corporation of india lic is the largest company in the life insurance segment in india. So if you purchase amulya jeevan ii term plan instead of other term plan you. Apr 14, 2014 no, lic term plan is still one of the highest even after reduction in its premium rates, but if someone is hell bound on buying a term plan from lic only, then its a great news for them.
1578 552 448 146 900 1468 962 754 790 966 661 433 1254 1203 930 783 194 1410 391 268 26 692 1179 882 1089 177 1538 801 623 190 612 313 1418 1380 668 1320 1480 1479 794 1412 404 409 1393