How LIC Insurance Plans Are Making A Diffrence |
Posted: August 19, 2016 |
Many individuals believe that buying insurance in your mid 40s is the best time to get insured. Today, however the risk of life has been considerably reduced because of advanced medical facilities. The Indian insurance economy is witnessing a phase characterized by products, services and innovative ideas to cater those services against the backdrop of insurance needs. The Life Insurance Corporation of India is at constant endeavour to provide best insurance services has 5 variable alternatives under its term protection plans which can be purchased customarily through the branches of LIC.
LIC has a wide array of term insurance plans available online which are specially designed to cater the insurance needs of a person for a specific period of time as per their convenience. The LIC online term plan provide a tax benefit on the installment of premiums and the lump sum amount that is payable to the beneficiary. Additionally, loans can also be taken against these term plans.
WhyLIC term insurance plans are best in the market?
Various reasons to justify why the LIC term insurance plan are a better decision for getting insured:
LIC is slightly costlier but its brand value is more reassuring.
Here are 5 LIC term plans provided by LIC which you choose from:
Eligibility conditions of the LIC term products are detailed below:
Amongst all the other LIC term plans LIC eTerm is the online non-participating regular premium term insurance policy which gives financial security to the guaranteed's family if there should be an occurrence of his/her sad demise. This LIC Online Term Plan will be Accessible on the online portal of LIC with a quick and hassle free process of application only without any involvement of any agents or intermediaries or too much of documentation.
Below are the basic features of LIC online eTerm insurance plan.
Note: The LIC online term plan holder, in any case, should not an Overseas Citizen of India and should have own earned income. Also, the insurance proposal cannot be made for anyone else other that own self.
Getting insured is a lot more hassle-free with LIC online term insurance plan. Get started right now!
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