LIC e-Term Plan – Details & Review (Online Life Insurance Term Plan)
Finally, LIC has started offering an online term insurance plan (LIC’s e-Term Plan UIN: 512N88V01)
In this post, we will discuss the various features of this plan as well as merits & demerits, cost of LIC e-term plan etc.
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 ONLINE application process only and no intermediaries will be involved.
A. Key features of this plan are :
Available only through Online mode (www.licindia.in)
Pure Term plan ( No Survival Benefit)
Differential premium rates for Smoker/Non-Smoker lives
Proposal on own life ONLY will be considered
There are no accidental benefit rider or o...