Created on Tuesday, 16 October 2012 21:01
The most vital of life insurance products provide you with adequate life cover at nominal cost. There are 4 types of LIC term plans that provide complete financial protection.
- Anmol Jeevan– I: Is a term plan where on death of the life assured sum assured under the policy is paid to his beneficiary.
- Amulya Jeevan – I: In case of unfortunate death of the policy holder during the term of the policy, sum assured is payable, provided the policy is kept in force.
- Two Year Temporary Assurance Policy: In this policy the individual is covered for a tenure of maximum 2 years with a single premium.
- The Convertible Term Assurance Policy: This term insurance plan comes with double advantage of protection and convertibility. In this plan helps the policyholder gets a cover of a whole life or endowment policy if he is unable to pay a higher premium amount initially.
Comparison of LIC premium for term insurance and LIC quotes will help you to understand every term plan provided by LIC. Also, compare LIC term plans and term plans provided by other life insurance companies in India online and buy the best term plan that suits your needs the most.