AGENTS LOGIN | ABOUT US | ADVERTISE | INSURANCE IN INDIA | LOAN DEALS

LIC Term Plan 2014 | Online Term Life Insurance

LIC Term Plan: LIC currently provides four term plans in the insurance sector. LIC’s term plan gives death benefit with no maturity benefit.

LIC Term Plans are:-

1. Anmol Jeevan – I :

A term plan where on death of the policy holder sum assured is given to family or nominated person, no maturity benefit.

  • Minimum age of entry – 18 years.
  • Maximum age of entry – 50 years.
  • Maximum age of maturity – 60 years.
  • Policy term – 5 to 25 years.
  • Minimum amount assured in the policy – Rs 5,00,000/-
  • Maximum amount assured in the policy – Rs 3,00,00,000/-

2. Amulya Jeevan – I :

In case of unfortunate death of the policy holder during the term of the policy, sum assured is payable, provided the policy is kept in force.

  • Minimum age at entry – 18 Year (Completed)
  • Maximum age at entry – 60 years (nearest birthday)
  • Maximum age at maturity – 70 years
  • Policy term –  5 to 35 years
  • Minimum Sum Assured – Rs.25,00,000/-
  • Maximum Sum Assured –  No upper limit

(Sum Assured shall be in multiples of Rs.1,00,000/-)

3. Two Year Temporary Assurance Policy:

In this policy the individual is covered for a tenure maximum of 2 years. a single premium is required to be paid at the outset of the policy to cover the entire period of term.

  • Minimum at Entry age –  18 years
  • Maximum at Entry age –  60 years
  • Minimum Sum assured (Rs.)  – 50,000
  • Maximum Sum assured (Rs.) –  1,00,000
  • Minimum Term (years) – 6, 12 , 18 , 24  months
  • Maximum term (years) –  Not Applicable
  • Mode of Payment – Single Premium
  • Maximum premium paying period –  62 years
  • Policy loan available – No

4. Convertible Term Assurance Policy:

In this plan helps the policyholder to get a cover of a whole life or endowment policy till he is unable to make a higher premium amount initially but will pay later. Policy holders get an option of converting an policy into endowment assurance or limited payment whole life assurance.

  • Minimum at Entry age –  20 (nearer birthday) years
  • Maximum at Entry age –  50 years
  • Minimum Sum assured (Rs.)  – 50,000
  • Maximum Sum assured (Rs.) –  1,00,000
  • Minimum Term (years) – 5
  • Maximum term (years) –  7
  • Mode of Payment – Yearly, Half-yearly,Quarterly, Monthly, Salary Saving Scheme
  • Maximum premium paying period –  55 years
  • Policy loan available – No

Possibly Related Posts:


Tags: ,

Apply Here
Product
Name
Mobile +91
Email
City
I authorize Bimadeals.com & its partnering companies to contact me to explain about the product & I Agree to Privacy Policy and Terms and Conditions.
   
Advertisement

Life Insurance Updates



Insurance is the subject matter of solicitation.
Disclaimer: Information is sourced from respective Insurance Company's websites.
Bimadeals.com does not sell any insurance products /policy on its own - we simply help registered users on our site connect to providers of such products and services so that their requirements can be processed quickly. Read More
© Copyright 2014, Bimadeals, India.