Lic Term vs Go Digit Term Insurance

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
Happy Customers

Buy Policy in 2 mins

With expert guidance

Buy Policy in just 2 mins

2 lakh + Customers

Real-time Reviews

Easy and Efficient

Free Comparison

Easy Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

GENDER

Select Insurer

Compare

Lic Term vs Go Digit Term Insurance

Lic Term

One of the most trusted and legacy insurance names. LIC started its journey 6 decades ago and more than 250 million people are associated with the brand.

Go Digit Term Insurance

Go Digit Term Insurance aims to provide customer-centric, technology-driven insurance solutions.

COMPANY DETAILS Edit LIC Term Insurance

Lic Term

 Edit Go Digit Term Insurance

Go Digit Term Insurance
Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

Rs 474668.14 crores

Annual Premiums Collected (2023-24)

Rs 426.36 crore
Payout Options

Payout Options

Lump sum, monthly, or a combination of both

Payout Options

Lump-Sum Payment, Fixed Monthly Payout, Increasing Monthly Payout and Lump Sum + Monthly Income
Claim ratio

Payout Options

98.6%

Payout Options

99.53%%
Solvency Ratio

Solvency Ratio

1.8

Solvency Ratio

2.07
Pan India Presence

Pan India Presence

2000+

Pan India Presence

75
Riders Available

Riders Available

Accidental Death and Disability Benefits Rider, Accidental Death Benefits Rider, Critical Illness Rider, Premium Waiver Benefit Rider

Riders Available

Disability Cover, Critical Illness Cover, Accidental Death Cover
Policy Term

Policy Term

5 to 35 years

Policy Term

1 to 40 years

Know More About Companies

Overview

LIC Term Insurance Plans: Overview

LIC is India's largest insurance provider with a maximum market share and trustability. It offers a wide range of insurance products such as term, pension, ULIP Plans, micro, withdrawn, and even health plans. LIC term plans provide financial protection to your loved ones in case of your unfortunate demise.

According to the recently published IRDAI report for 2022-2023, LIC term insurance plans settled claims of Rs. 13,000 crores, the highest in the market in the same financial year. In addition, LIC term plans reported a solvency ratio of 1.8 during the financial year 2023.

What are some of the
Benefits
that set them apart?

  • Multiple plan options to choose from,

  • Death benefits for your loved ones,

  • Choice of additional riders,

  • Tax-saving benefits,

  • Hassle-free purchase process,

  • Affordable premium prices,

  • Flexible sum assured,

  • Flexible premium payment option, etc.

Riders

Riders You Can Avail With LIC Term Insurance Plans

Name of the rider Benefits
LIC Accidental Death and Disability Benefits Rider Additional benefits are offered in case the policyholder is diagnosed with any of the critical illnesses mentioned or disability due to the accident.
LIC Accidental Death Benefits Rider A lump sum amount is offered in case of the policyholder’s demise due to an accident if you have opted for an accidental death benefit rider.
LIC Critical Illness Rider A lump sum amount is offered in case the policyholder is diagnosed with any of the critical illnesses mentioned.
LIC Premium Waiver Benefit Rider Future premiums are waived off in case of the policyholder’s demise due to an accident or any of the critical illnesses mentioned if you have a premium waiver benefit rider.

Consult for Personalized Insurance Advice

Contact With Advisor

But how does it work?

Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.

Other Term Insurance Companies

  • Term Insurance
  • Life Insurance

LIC Term Insurance

HDFC Term Insurance

ICICI Term Insurance

SBI Life Term Insurance

Max Life Term Insurance

TATA AIA Term Insurance

PNB Metlife Term Insurance

Bajaj Allianz Term Insurance

Bandhan Life Term Insurance

Kotak Life Term Insurance

Canara HSBC OBC Term Insurance

Bharti AXA Term Insurance

Aviva Term Insurance

Indiafirst Term Insurance

Exide Life Term Insurance

Edelweiss Tokio Term Life Insurance

Ageas Federal Term Insurance

Future Generali Term Insurance

Birla Sun Life Term Insurance

Reliance Term Insurance

Pramerica Term Insurance

Term Insurance Companies

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

LIC Term Insurance

Explore India’s best-selling Term insurance plans below

One of the most trusted and legacy insurance names. LIC started its journey 6 decades ago and more than 250 million people are associated with the brand.

LIC Jeevan Amar

LIC Jeevan Amar

LIC Jeevan Amar plan is a non-linked, non-participating, without profit, offline pure protection term insurance plan. With several benefits, LIC Jeeva...

Unique Features

  • Rebate on High Sum Assured
  • Discounted Premium for Women
  • Add-on cover with Accident Benefit Rider

LIC Jeevan Amar (Pros)

LIC Jeevan Amar
  • Choose your policy term
  • Flexibility to choose from two benefit
  • Special rates for women

LIC Jeevan Amar (Cons)

LIC Jeevan Amar
  • No maturity benefits
  • No survival benefits
  • No policy loan

LIC Jeevan Amar (Other Benefits)

LIC Jeevan Amar
  • High sum assured rebate
  • Choose the riders of your choice
  • Attractive premium rates for non-smokers

LIC Jeevan Amar (Eligibility Criteria)

LIC Jeevan Amar
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 25 lakhs
  • Max maturity age - 80 years
  • PPT - RP/SP/LP

LIC Tech Term Plan

LIC Tech Term Plan

LIC's Tech Term plan is a non-linked, non-participating online, pure risk premium plan, that provides financial protection to the insured's family in ...

Unique Features

  • Online Application
  • Rebate on High Sum Assured
  • Lower Premium for Women

LIC Tech Term Plan (Pros)

LIC Tech Term Plan
  • Choose from two benefit options
  • Opt for payment of benefit in installments
  • Special rates for women

LIC Tech Term Plan (Cons)

LIC Tech Term Plan
  • No maturity benefits
  • No survival benefits
  • No policy loan

LIC Tech Term Plan (Other Benefits)

LIC Tech Term Plan
  • High sum assured rebate
  • Choose your policy term
  • Enhance your protection with riders

LIC Tech Term Plan (Eligibility Criteria)

LIC Tech Term Plan
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 50 lakhs
  • Max maturity age - 80 years
  • PPT - RP/SP/LP

Go Digit Term Insurance

Explore India’s best-selling Term insurance plans below

Go Digit Term Insurance aims to provide customer-centric, technology-driven insurance solutions.

Digit Glow Term Insurance Plan

Digit Glow Term Insurance Plan

Digit Glow Term Insurance Plan by Go Digit-Life Insurance is a pure risk premium plan that provides life insurance coverage to you for the chosen poli...

Unique Features

  • Health Wellness Benefits
  • Flexible Premium Payment Tenure
  • Additional Rider Benefits

Digit Glow Term Insurance Plan (Pros)

Digit Glow Term Insurance Plan
  • Health Wellness Benefits
  • Flexible Premium Payment Tenure
  • Additional Rider Benefits

Digit Glow Term Insurance Plan (Cons)

Digit Glow Term Insurance Plan
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Digit Glow Term Insurance Plan (Other Benefits)

Digit Glow Term Insurance Plan
  • Death Benefits
  • Tax Benefits
  • Inbuilt Terminal Illness Cover

Digit Glow Term Insurance Plan (Eligibility Criteria)

Digit Glow Term Insurance Plan
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - Rs 2.25 lakhs
  • Max maturity age - 85 years
  • PPT - RP/SP/LP

Quick and Free Quick Comparison with Other Insurers

Edelweiss Tokio

Idbi Federal

Reliance Term

Pramerica Term

Sud Life

Birla Sun Life

Aviva Term

Bharti Axa

Exide Term

Future Generali Term

Indiafirst

Canara Hsbc

Kotak Term

Sbi Term Insurance

Axis Max Term Insurance

Hdfc Term Insurance Plans

Bajaj Allianz Term Insurance Plan

Tata Aia Term Insurance

Icici Term Insurance

Bandhan Term Insurance

Pnb Metlife Term Insurance

Go Digit Term Insurance

Acko Term Insurance

Edelweiss Tokio

Idbi Federal

Reliance Term

Pramerica Term

Sud Life

Birla Sun Life

Aviva Term

Bharti Axa

Exide Term

Future Generali Term

Indiafirst

Lic Term

Canara Hsbc

Kotak Term

Sbi Term Insurance

Axis Max Term Insurance

Hdfc Term Insurance Plans

Bajaj Allianz Term Insurance Plan

Tata Aia Term Insurance

Icici Term Insurance

Bandhan Term Insurance

Pnb Metlife Term Insurance

Acko Term Insurance

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

You May Also Know About

Term Insurance Best Term Insurance Plans Best Term Insurance Companies Term Insurance Calculator 1 Crore Term Insurance