LIC User Reviews
|Claim Settlement Ratio||98.62%|
|Customer Care||8:00 AM to 8:00 PM|
|Death Benefit Paid For||73,3809 Policies|
|Total Death Benefit Paid||12797.85 Crore|
I found completely unbiased guidance from InsuranceDekho when I came here looking for a befitting term insurance plan to protect my family. I checked the specifications of all the policy quotes and decided to buy LIC Jeevan Amar plan.
User Reviews on LIC Term Insurance Alternatives
- ICICI Prudential Term Insurance
- Canara HSBC OBC Term Insurance
- Edelweiss Tokio Term Insurance
- PNB MetLife Term Insurance
- Kotak Term Insurance
- Bharti AXA Term Insurance
- IndiaFirst Term Insurance
- Exide Term Insurance
- Max Term Insurance
- HDFC Term Insurance
- Aviva Term Insurance
- Aditya Birla Sun Term Insurance
- Aegon Term Insurance
- Reliance Nippon Term Life Insurance
- Pramerica Term Insurance
- Ageas Federal Term Insurance
- Shriram Term Insurance
- SBI Term Insurance
- Tata AIA Term Insurance
- Star Union Dai-ichi Term Insurance
- Bajaj Allianz Term Insurance
- Future Generali Term Insurance
Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
Popularly Opted Term Insurance Sum Assured
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 45 Lacs+ happy customers
Term Insurance News
- Learn Everything About LIC 1 Crore Term Insurance ...
Learn all there is to know about the LIC 1 Crore Term Insura...06 March 2022
- Is LIC Term Insurance Worth Buying?
LIC, a firmly trusted brand, has the biggest market share in...27 October 2021
- How Can I Calculate My LIC Term Insurance Premium?
Founded in 1956, LIC is a well-known life insurance company....21 September 2021
LIC Term Insurance Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
LIC Term Insurance022-6827-6827Mon to Sat 8:00 AM to 8:00 PM
Claim Process at LIC Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
FAQ About LIC Term Insurance
How often can I pay my premiums for LIC’s term insurance plans?
LIC’s term insurance plans allow premium payments in different modes. Policyholders can pay premiums monthly, quarterly, half-yearly, or annually as his/her requirements.
Are Term insurance premiums exempt from tax?
Yes, the premium paid for term insurance policies is allowed as a tax-free deduction from your taxable income. Premiums paid up to INR 1.5 lakhs can be claimed as a deduction under Section 80C of the Income Tax Act,1961.
What are the different ways of paying LIC Term Insurance premiums?
LIC Term insurance premiums can be paid through cash, cheque, demand drafts, net banking, UPI, NEFT, mobile wallets, or any other digital mode.
Do Term insurance premiums include GST?
Yes, a GST slab of 18% is added to the premium charged for a plan.
What happens when the premium is not paid?
If the premium is not paid in case of term insurance plans for the specified duration, the policy lapses. In case of a lapse, the coverage halts and the policyholder loses the premiums paid earlier.