Moreover, in India, whenever it comes to life insurance, the first company that comes to mind is none other than the Life Insurance Corporation of India (LIC) with the tagline "Zindagi ke saath bhi, zindagi ke baad bhi" (meaning LIC is always with you 'in life' and 'after life' as well). But they should ask themselves two questions: what will their families and loved ones do in case of their demise? A life insurance policy is the best way to secure the financial future of â¦ If the policyholder dies after the commencement of risk, the Death Benefit in the form of Sum Assured + Accrued bonus + Final Additional Bonus shall be payable. Maturity Benefit: In the case where the insured survives until the matuâ¦ 40 lakhs) Maximum- No Limit, Urine cotinine is required for the non-smoker category (compulsory), The minimum policy term for the plan is 10 years whereas the maximum is 40 years, Yearly, Half-Yearly, Quarterly or Monthly through ECS or through SSS mode only. Two death benefit covers are available such as Increasing Sum Assured(*), and Level Sum Assured*. LIC has launched online term insurance plan now from today i.e. Options for viewing Product information, downloading Plan brochures of LIC, Premium calculator, Apply for Policy, LIC Office Locator, etc. LIC Jeevan Labh is a non-linked, with-profits endowment plan, limited premium paying investment plan. Among the variety of life insurance plans offered by LIC in all the above-mentioned categories, letâs discuss some of the best LIC plans that the company offers for the various types: Term Insurance Plans. 2) Online Term Insurance Plan: Offline term insurance plans comes with high premium as one need to depend on LIC agents and they would get a commission on that. If you go through the statistics, you will come to know that this policy is the highest-selling LIC insurance policy. Let us see the online application procedure to LIC Plan Number 858 on the official portal of onlinesales.licindia. LIC Tech Term Plan is online pure term plan launched in 2019. There is no limitation for the maximum Sum Assured amount. The rates of such annuity are guaranteed at the beginning of the policy for the two annuities. As a pure protection plan, LIC e-Term plan can â¦ Lower Premium for non-smokers. Basic Safety measures to fight against Coronavirus Disease(COVID-19), Intimation to policyholders regarding changes in tax structure due to implementation of Goods and ServicesTax (GST) - Click Here, Beware of Spurious Phone Call and Fictitious/Fraudulent Offers, " FRAUDULENT RECRUITMENT ADs: BEWARE...! LIC Associates and subsidiaries. 46,800 under Sec 80(C). LIC's e-Term policy is a pure life cover policy that provides financial protection to â¦ This plan comes with two options level sum assured and increasing sum assured. Survival Benefit: 20% of the Sum Assured shall be payable as a Money-back payment for an interval of every 2 years after completing 18 years of age. LIC Jeevan Amar was launched in August 2019 by the Life Insurance Corporation of India. As a survival benefit Basic Sum Assured + Final Additional Bonus + Simple Reversionary Bonus should be payable if the policyholder survives the policy tenure. LIC New Children's Money-Back Plan. Death Benefit: On the death of the insured, the nominee will be liable to receive the death benefits. It will help them in living a stable and secure life. The plan is conventional and a non-participating plan. The plan offers financial coverage for the family. "RFP floated by Government of India for engagement of Actuarial Firm for LICI IPO", "Dear Policyholder, Please submit Bank Account Details ( NEFT ) to LIC - Click here to Download NEFT Form", "PLEASE REGISTER IN CUSTOMER PORTAL FOR AVAILING ONLINE SERVICES", "For Life Insurance Policies whose premium fall due in MARCH and APRIL 2020, Additional Grace Period of 30 days is allowed.". Key features. The plan offers several benefits including death benefit, maturity benefit and loan facility to meet the liquidity needs of the policyholder. It is one of the best LIC plans with-profit & non-linked whole life insurance plans. Life insurance is definitely worth adding to your investment portfolio. This plan has an average premium, high bonus rate, and great liquidity feature. LIC Jeevan Anand is a complete endowment cum whole life insurance policy that comes along with a bonus facility. Serves as a pension plan after retirement. Alternatively, you can compare and choose the best pension plan and even purchase it online through Turtlemint. Premium rates are classified into 2 types: i)Smoker, ii)Non-Smoker. LIC Tech-Term is basically non-linked & pure protection "Online Term Assurance Policy" which offers the required financial assistance to the insured's family in case of his/her unfortunate demise. Now all information about LIC products & portal services are at your fingertips. LIC New Children's money-back plan is a participating non â¦ 25 lakhs to Rs. It is a combination of monetary protection and savings under a single plan. LIC e-Term plan is an online term insurance plan offered by LIC Life Insurance Policy. It is a purely online plan and you cannot buy it from an agent. Step 1 - Register an Account on the site. Itâs a non-linked and non-participating plan. LIC Tech Term Plan. You can rely on the online insurance plans as it enables you to choose the plan irrespective of your location or time. Minimum- Rs. The death benefit and income tax benefits are available under the plan. LIC is the top-ranking and most trusted insurance company in India. Note- The LIC Jeevan Tarun Plan is not available online. The insured can enjoy the Income tax benefit on the premiums paid. High Sum Assured is offered under the plan. Other plans can be bought through a LIC agent or from the branch office of the company. If you have paid the premium amount for the initial three years, the policy can be surrendered at any time during the policy tenure. Plan Features × . 13 L*. Breaking News : LIC premiums can now be paid at the nearest CSC centres throughout the country. So leave your worries and just #PaytmKaron for your LIC online â¦ The plan can be purchased via online mode only without the involvement of any middleman. After the commencement of risk, if the policyholder dies, the final additional bonus along with Accrued bonus and the Sum Assured is paid to the nominee(s) of the policy. LIC accidental death benefit or disability benefit. 1 lakh when the amount is in between Rs. 40 lakhs) and (multiples of Rs. However, with online term insurance plans, there is no dependency. Rebates on the premium paid by selecting yearly or half-yearly modes. Comprehensive coverage as the plan comes with a protection of 100 years. LIC Jeevan Amar is a non-market linked plan. Death Benefit: If the policyholder dies before the commencement of risk, the Death Benefit amount should be payable. Special Discounts for Women. The calculator also provide maturity and money back details of individual plans. Due to this reason, this is cheaper than other term life insurance plans offered by LIC.Get latest Personal Finance online at cnbctv18.com 10 lakhs when the amount is above Rs. The plan is non-participating & non-linked life insurance term plan that provides a variety of options to the customers compared to other insurance companies. Numerous options of premium paying terms are available under the plan. We're sorry but our site requires latest version of . The company will share your policy documents in your mail. LIC Jeevan Anand Plan is a non-linked & participating policy that provides an exclusive mixture of savings and financial protection. LIC Tech Term seems to be one of the best plans by LIC. The LIC is also making you facilitate all the work to your hands only. Email : firstname.lastname@example.org | Toll Free Number : 1800-4200-269 | Write Review, About Us | Contact Us | Sitemap | Articles | Login | Renew | Tools/Calculator | Career | Customer Service | We Care | Data Lab New | Awards, Copyright PolicyX.com / Certified : IRDAI Regn No. Check the premium and make the payment using debit/credit card or net banking. Available under the Section 80C of the Income Tax Act, 1961, Yearly, Half-Yearly, Quarterly & Monthly (SSS and NACH Only), Available under the Section 80C and Section 10(10D) of the Income Tax Act, 1961. Step 2 - Select best fit Plan. Online Payment. LIC New Children's money-back plan is a participating non-linked money-back plan. No one can overstate the importance of having life insurance. As a survival benefit, this plan is responsible for paying money-back after fixed intervals of time. High Sum Assured is offered under this plan. Accidental death, term and disability riders are applicable to an extra premium payment under the plan. The plan has considerably lower rates of premium for women and non-smokers. 50 lakhs for a 20 year term LIC's e-Services is LIC's initiative to provide you with on demand service within a few clicks! Sum Assured on Death + Final Additional Bonus + Simple Reversionary Bonus shall be payable if the policyholder dies before the policy term is completed. 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