LIC’s term insurance plans are designed to provide high life cover at affordable premiums. These pure protection policies ensure that a family remains financially secure in the unfortunate event of the policyholder’s demise. With simple features, flexible terms and customizable options, LIC’s term plans are ideal for individuals seeking strong financial protection without investment components.
Term insurance is a pure life cover plan that offers financial protection for a specific period. If the insured passes away during the policy term, the nominee receives the sum assured. These plans do not offer maturity benefits, making them highly affordable and efficient for risk coverage.
• High coverage at low premium rates
• Flexible premium payment options — single, regular or limited pay
• Policy terms ranging from short duration to long-term cover
• Optional riders for enhanced protection
• Convenient online and offline purchase options
• Ideal for primary earners and families seeking risk-free coverage
LIC Tech Term is an online-only, pure protection plan offering lower premiums compared to offline plans. It provides:
• Level sum assured option
• Increasing sum assured option
• Attractive premiums for non-smokers and healthy individuals
• Multiple payout options for death benefit
This plan is best suited for digitally savvy buyers looking for high and cost-effective protection.
LIC Jeevan Amar is an offline term insurance product offering flexible coverage options. Key highlights include:
• Choice between level and increasing sum assured
• Better premium rates for women and non-smokers
• Minimum sum assured of ₹25 lakhs
• Customizable death benefit payout modes
This plan is ideal for individuals seeking personalized coverage with advisor assistance.
To enhance protection, LIC offers optional riders that can be added to term plans:
• Accidental Death Benefit Rider
• Accidental Death & Disability Benefit Rider
• Critical Illness Rider (depending on plan)
Riders provide additional financial support in case of emergencies or unforeseen events.
• Individuals with dependents
• Primary breadwinners seeking large cover at low premium
• Young professionals starting financial planning
• Home loan borrowers and people with long-term financial commitments
• Anyone looking for risk-free, high-value life protection
• Strong claim settlement ratio and trust associated with LIC
• Affordable plans with wide coverage options
• Flexible policy terms and payout structures
• Suitable for both salaried and self-employed individuals
• Supports long-term family security and financial stability
LIC’s term insurance plans offer dependable financial protection at competitive premiums. With simple structures, flexible payment options and trusted coverage, these plans are ideal for families wanting complete security. Choosing the right term plan ensures peace of mind and safeguards your loved ones against unforeseen financial challenges.