LIC Term Insurance Plan- Premium, Benefits & Eligibility
LIC Term Insurance Plan- Trusted Life Cover for Your Family
LIC Term Insurance Plan offers high life cover at affordable premiums, ensuring your family’s financial security in case of your untimely demise. Backed by Life Insurance Corporation of India, these plans are known for reliability, long policy tenure, and strong claim settlement history.
What Is LIC Term Insurance ?
LIC Term Insurance Plan is a pure life insurance policy where the nominee receives a limp sum payout if the policyholders passes away during the policy term. Unlike savings plans, it focuses only on protection, making it one of the most cost-effective insurance options.
- High life cover at low premium
- Financial protection for dependents
- No maturity benefit (Pure protection)
- Available for long-term coverage up to 85 years
LIC Tech Term Plan
Online term plan, Flexible sum assured options, Lower premium compared to offline plans
LIC Jeevan Amar
Offline term insurance plan, Choice of lump sum or staggered payout, Premium waiver options
LIC Amritbaal (For children-optional mention)
Protection-oriented plan for long-term family planning
Benefits of Choosing LIC Term Insurance Plan
✔ High claim settlement
✔ Flexible premium payment terms
✔Option to add riders like accidental death benefit
✔ Long policy tenure up to 85 years
✔ Tax benefits under Section 80C & 10 (10D)
LIC Term Insurance Premium-Sample Illustration
Age
- 25 Years
- 35 Years
- 45 Years
Sum Assured
- Rs 1 Crore
- Rs 1 Crore
- Rs 50 Lakhs
Policy Term
- 30 Years
- 25 Years
- 20 Years
Approx. Premium
- Rs 8-10/day
- Rs 12-15/day
- Rs 18-22/day
Premiums depend on age, health, lifestyle & policy type.
Eligibility Criteria for LIC Term Insurance
Eligibility details:
- Minimum age: 18 Years
- Maximum age: Up to 65 Years (Plan-specific)
- Policy Term: 10 to 40 Years
- Payment modes: Yearly, half-yearly, monthly
Secure Your Family’s Future with LIC Term Insurance