Benefits of LIC’s Term insurance plan
LIC’s Term plan is a Non-Linked, Non-participating Online Pure Risk Premium Plan which provides financial protection to the insured’s family in case of his/her unfortunate death during the policy term.
Key features of LIC’s Term plan
- Flexibility to choose from two benefit options: Level Sum Assured and Increasing Sum Assured.
- Flexibility to Choose from Single Premium, Regular Premium and Limited Premium Payment
- Special rates for women.
- Benefit of attractive High Sum Assured Rebate.
- Two categories of premium rates namely (1) Non-Smoker rates and (2) Smoker rates.
- Option to enhance your coverage by opting for Accident Benefit Rider on payment of additional premium for the rider benefit.