LIC Term Insurance 1 Crore

LIC Term Insurance 1 Crore

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1 Crore LIC Term Insurance

If you are a family person who has lots of responsibilities to handle and many dependants, then you must be thinking of securing them in every possible manner. You must look forward to LIC Term insurance plans. The best thing about LIC term insurance plans is the availability of several options with great benefits such as one-time payout, monthly income and many more. These plans also come out with the advantage of very high sum assured that can ensure that if something happen to you, your family’s financial future will be secure.

What Should You Know About Term Insurance?

Term insurance policies which are also popular by the name of death benefit policy are basically designed to offer financial support to your family in case of the demise of the insured. People think thatn term insurance is not only for those who have a good pay, even a person with an average pay should also go for it for a secured future.

Why Go For 1 Crore LIC Term insurance?

Those who lie between the age group of 30-35 years should go for this effective plan. Even those who are the breadwinner of the family and who have many dependants should definitely consider adding LIC term insurance in their investment portfolio with the cover of Rs. 1 crore to secure the future of their loved ones in case of his/her demise or any unfortunate incident.

In India, you will get many insurance companies that deal with term insurance plans with a cover of Rs 1 crore, but LIC refers to be the best out of all. After the new regulations passed by IRDA,  LIC provides a rate of around Rs. 25000 to 32000. If you are not sure about the plan and its features, then you can easily compare them online. The company is currently offering three-term insurance plans that will be great to use.

Which Is The Right Policy?

As discussed above, LIC deals in three-term insurance policies for Rs 1 crore or more cover that is Anmol Jeevan II, Amulya Jeevan II and LIC e-term plan. You might face difficulty in choosing the right one for yourself, in such case, it is advisable for you to compare features and benefits of the plan more than its premium. There is no doubt in saying that premium is an important thing to consider, but it is not only the thing that you must look for, pay attention to other relevant things as well.  You must also look for available riders under the policy.

1 Crore LIC Term Insurance Plans In Details

LIC’s Anmol Jeevan – II- It is a protection plan which provides financial protection to the insured’s family in case of his/her unfortunate demise.

Benefits:

Death Benefit: In case of unfortunate death of the life assured during the policy term sum assured shall be payable.

Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.

LIC's Amulya Jeevan – II- It is a protection plan which provides financial protection to the insured's family in case of his/her unfortunate demise.

Benefits:

Death Benefit: In case of unfortunate death of the life assured during the policy term Sum Assured shall be payable.

Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.

LIC's E-Term- It is a regular premium non - participating & Online Term Assurance Policy & which provides financial protection to the insured's family in case of his/her unfortunate demise. This plan will be available through the online application process only and no intermediaries will be involved.

Benefits:

Death Benefit: In case of unfortunate death of the Life Assured during the policy term, Sum Assured shall be payable.

Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.

Why Choose LIC?

Today LIC functions with 2048 fully computerized branch offices, 113 divisional offices, 8 zonal offices, 1381 satellite offices and the Corporate office. LIC’s Wide Area Network covers 113 divisional offices and connects all the branches through a Metro Area Network. LIC has tied up with some banks and service providers to offer on-line premium collection facility in selected cities. LIC’s ECS and ATM premium payment facility is an addition to customer convenience. LIC continues to be the dominant life insurer even in the liberalized scenario of Indian insurance and is moving fast on a new growth trajectory surpassing its own past records. LIC has issued over one crore policies during the current year.