WHY BUY ONLINE?
For a customer who is comfortable using the internet and has some experience of having made an online purchase, buying life insurance online is an easy and a logical option.
It's fast, easy and secure - just fill in the details and make the payment through Internet Banking. Apart from the convenience, online policy is also cheaper than the offline version as online rebate is also available.
LIC online Term Plan - LIC's e -Term Policy
Under this plan, there are 2 categories of premium rates namely
(1) Aggregate lives an
(2) Non-smoker lives.
For Sum Assured upto Rs. 49 lacs Aggregate category rates only would apply.
For Sum Assured Rs. 50 lacs and above there is an option to choose differential premium rate for Non-smoker category.
However, the application of Non-smoker rates shall be based on the findings of the Urinary Cotinine test.
In all other cases the Aggregate premium rates shall be applicable.
Key Features..
* Available through Online mode www.licindia.in
* Pure Term plan
* Differential premium rates for Smoker / Non-Smoker lives
* Proposal on own life ONLY will be considered
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.
Minimum Sum Assured
Rs. 25,00,000 for Aggregate category
Rs. 50,00,000 for Non-smoker category
Maximum Sum Assured
No limit
Minimum age at entry
18 years (completed)
Maximum age at entry
60 years (nearest birthday)
Maximum cover ceasing age
75 years (nearest birthday)
Minimum policy term
10 years
Maximum policy term
35 years
Mode of payment
Premiums are to be paid annually.
For buying this plan
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