LIC's Online Term Insurance Only For Indians..!

LIC's e-Term is a regular premium non-participating "on-line 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 on-line application process only and no intermediaries will be involved.

The applicant should be a Resident Indian residing in India.

He / she must have own earned income.

He/she should in good health and willing to undergo any medical tests required by the Corporation.

Any One requested to kindly complete the proposal & make payment towards the premium as displayed through net banking.

If you need any further assistance regarding ONLINE PURCHASE of e- Term plan, please mail us at online_dmkt@licindia.com  or call at following phone numbers from  10.30 a.m. to 05.30 p.m.  during week days and 10.30 a.m. to 2.30 p.m. on Saturdays:

022-67819 282

022-67819 284

1800-22-7717

LIC TEAM DIRECT

                                                                                                                                                LIC Direct is a business vertical of  LIC of India. 

Insurance is the subject matter of the solicitation

  

SYNOPSIS OF THE PLAN

LIC's e-Term is a regular premium non-participating "on-line 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 on-line application process only and no intermediaries will be involved.

Under this plan, there are two categories of premium rates namely (1) Aggregate lives & (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.

KEY 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.

ELIGIBILITY..!

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.
Eligible life	The person should be Resident Indian residing in India. He/She should  NOT BE  Non-Resident Indian(NRI), Overseas Citizen of India(OCI)or Person of Indian Origin(PIO). He/she must have own earned income. One cannot propose for anyone other than self. Key Man Insurance (KMI)/ Partnership/ Employer-Employee Cover will not be allowed.

  

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