Buy 1 Crore Term Life Insurance @₹650*/month
Benefits of Health plans offered through us
14,000+ Cashless*
24x7 Claim Assistance
Only for Clients
99.06%
1 Crore+ Claims
Settled since inception
Best Term Life Insurance
LIC Term Insurance Plan Benefits
Discover the major advantages of opting for LIC term insurance plans:
Affordable High Coverage: Enjoy extensive insurance coverage at reasonable premium rates.
Non-Smoker Rebates: Non-smokers receive a premium rebate, making it even more cost-effective.
Flexible Sum Assured: Choose your desired sum assured based on your needs and preferences.
Wide Age Range: Suitable for individuals aged 18 to 75 years, meeting diverse policyholder requirements.
Flexible Premium Payments: Benefit from flexible premium payment options to fit your budget.
Additional Rider Benefits: Enhance your policy coverage with a variety of optional rider benefits.
Lifestyle Support: Maintain a good lifestyle while keeping up with your premium payments.
Easy Online Purchase: Conveniently purchase LIC term insurance plans online or offiline without hassle.
High Claim Settlement Ratio: LIC boasts an impressive claim settlement ratio of 98.74%, ensuring reliability.
Term Insurance Plans We Offer
LIC New Jeevan Amar
- High sum assured rebate
- Income Replacement
- Special rates for women
- Different rates for smokers/non-smokers
LIC YUVA TERM
- Multiple type of payment mode
- Financial Legacy
- Asset Protection
- Flexible sum assured options
LIC YUVA TERM CREDIT
- Single Payment mode
- Debt Protection
- Family Financial Security
- Tax Benefits
Term Insurance Vs Whole Life Insurance Difference
| Feature | Term Insurance | Whole Life Insurance |
|---|---|---|
| Coverage Duration | Specific term (10-30 years) | Lifetime coverage |
| Premium | Generally lower | Higher due to coverage value & tenure |
| Maturity Benefits | No maturity benefits (unless Return of Premium) | Maturity benefits also accumulate cash value |
| Policy Purpose | Income replacement and protection | Protection and savings |
| Cost-Effectiveness | Cost-effective, for temporary needs | More expensive, for lifelong needs |
| Tax Benefits | Premiums qualify for tax deductions and claims have tax benefits | Premiums and cash value growth may have tax benefits |
| Flexibility | Fixed term, no renewal flexibility | Can be adjusted and maintained for life |
| Loan Facility | No loan option | Can borrow against the cash value |
| Death Benefit | Lump sum to beneficiaries if death occurs in term | Guaranteed death benefit, regardless of timing |
Talk to Our Advisor Now!
FAQ’s on Term Life Insurance
How does LIC Term Insurance work?
In the event of the policyholder’s death during the policy term, the nominee receives the sum assured as a lump sum amount. If the policyholder survives the policy term, no benefit is paid out
What are the benefits of LIC Term Insurance?
- Provides substantial financial support to the family.
- Offers High coverage at a lower cost compared to other life insurance policies
- Tax Benefits