LIC Term Insurance Plans

LIC is the most trusted brand for life insurance products in India. It is a state-owned insurance provider, one of the oldest and largest life insurance companies in India. LIC has curated 2 term insurance plans that provide financial protection at a reasonable price. These LIC term insurance plans help you ensure that your family is financially protected even in your absence. LIC has designed these term insurance plans to cater to different insurance requirements of different people. You can enhance the coverage under these term plans by adding riders to the plan with an additional premium.

LIC Term Insurance Plans

LIC offers 2 term insurance plans which are as follows:

1. LIC Jeevan Amar Plan: LIC Jeevan Amar Plan is pure protection and non-linked without a profit plan. The plan offers the flexibility to choose from two death benefit options namely Increasing Sum Assured and Level Sum Assured. The family of the life assured will receive the death benefit in case of unforeseen demise of the life assured during the policy term. This plan offers attractive premium rates for customers who don’t smoke. Under LIC Jeevan Amar Plan, one gets the freedom to enhance your coverage by adding a rider to the policy at an additional cost.

2. LIC Tech Term Plan: LIC tech term plan is a traditional term insurance plan that provides financial aid to the family in case of an unfortunate event. It is a pure non-risk, non-linked risk premium plan. This plan can only be purchased through the online website of the LIC. The plan has many key features like the option to choose from 2 death benefit options- Level Sum Assured and Increasing Sum Assured. All kinds of death are covered under the LIC Tech Term Plan.