Friday, June 14News That Matters

Tag: Online Term Insurance

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 ( 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...