🛡️ LIC Term Insurance Plans

LIC Term Insurance Plans offer pure life coverage, ensuring financial protection for your family in case of the policyholder’s unfortunate demise during the policy term. These plans are affordable, straightforward, and designed for maximum protection. Popular plans include New Jeevan Amar (Table 955) and Yuva Term (Table 875).

Key Features of LIC Term Plans:

• 1. Pure Life Coverage:
  Offers financial protection to beneficiaries if the policyholder passes away during the policy term.
• 2. Low Premiums:
  Since there is no savings or maturity component, premiums are significantly lower than traditional life insurance plans.
• 3. Flexible Policy Terms:
  Choose policy durations typically ranging from 10 to 30 years based on your financial needs.
• 4. High Coverage Amounts:
  Allows large sum assured options to provide robust security for your family’s future financial requirements.
• 5. Optional Riders:
  Enhance protection with riders like Accidental Death Benefit, Critical Illness Rider, and Disability Benefit.
• 6. Affordable Protection for Young Earners:
  Plans like Yuva Term cater specifically to young professionals and early earners at very low premium cost.
• 7. Tax Benefits:
  Premiums qualify under Section 80C, and death benefits may be exempt under Section 10(10D), subject to tax rules.
• 8. No Maturity Benefit:
  Since these are protection-only plans, no maturity or surrender value applies—keeping premiums low and coverage high.

Why LIC Term Plans Are Important:

Term insurance is crucial for securing your family’s financial future. With high coverage at low cost, LIC’s term plans provide peace of mind by ensuring that your dependents remain financially stable in your absence.

Need Assistance?

Our licensed LIC advisors can help you choose the right term plan based on your age, income, and family protection needs. Contact us for guidance on New Jeevan Amar (955), Yuva Term (875), and other term insurance options.