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LIC Term Insurance Claim Settlement

79 reviews Rate This
LIC Term Insurance
Highlights
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Inception1956
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore

Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best LIC Term Insurance Plans

1 Crore
1.5 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.51%
Starting From ₹ 706/Month
24hr Claim Settlement
Key Features:
  • Special Exit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.7%
Starting From ₹ 787/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹97.84%
Starting From ₹ 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
See More Plans

Claim Settlement of LIC Term Insurance

    LIC Term Insurance User Reviews

    4.8
    Rating based on
    79 User reviews
    Write your review
    What users are saying
    • All
    • Peace of Mind with InsuranceDe...

      InsuranceDekho gave me the peace of mind I was looking for. Their LIC Term Insurance Policy is very comprehens...

      Read More
      S
      LIC
      By Shetaal Meena
      On: Sep 20, 2023
    • Affordable Premium

      The premiums for InsuranceDeko's LIC Term Insurance Policy are competitive and fit well within my budget. Happ...

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      J
      LIC
      By Juhi Arora
      On: Sep 18, 2023
    • High Claim Settlement Ratio

      InsuranceDekho's high claim settlement ratio gives me confidence that my family will receive the benefits from...

      Read More
      G
      LIC
      By Geeta Singla
      On: Sep 15, 2023
    • Comprehensive Coverage

      InsuranceDekho offers a wide range of coverage options, with allowing me to customize my LIC Term Insurance Po...

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      R
      LIC
      By Rajashri Bhagat
      On: Sep 14, 2023
    • Excellent Track Record

      InsuranceDekho has an excellent track record of honoring claims and delivering on their promises. Due to some ...

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      G
      LIC
      By Gulshan Singhani
      On: Sep 13, 2023
    View All LIC Term Insurance Reviews

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    Why to Buy Term Insurance Policy Online from InsuranceDekho

    • Tax benefit upto 1,50,000*
    • Claim support everyday 10AM-7PM
    • 50 Lacs+ happy customers

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    LIC Term Insurance Contact Details

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    Claim Process at LIC Term Insurance

    • 1

      Claim Intimation

      In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
    • 2

      Submission of Documents

      Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
    • 3

      Claim Evaluation

      Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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