LIC Term Insurance 1 Crore

What are the Best LIC Term Insurance 1 Crore Plans 2025

Check out the eligibility criteria for all the LIC 1 cr term plans below:

*You can estimate the premiums you need to pay using a term insurance calculator or an LIC term insurance premium calculator.

Note: Check out the best term insurance plan in India and choose one that suits your requirements.

New Tech Term - LIC 1 Crore Plan

LIC Tech Term is a pure protection plan offering a sum assured of Rs. 1 Crore or more to secure your family's future. This plan is available exclusively online through LIC's official website.

Key Features

• Two death benefit options are available in this term insurance policy: Level Sum Assured and Increasing Sum Assured.

• Special term insurance premium rates for women and non-smoking customers

• The 1 Crore term insurance LIC also offers a rebate on term insurance plans with a sum assured of Rs. 1 Crore and more.

New Jeevan Amar - LIC Term Plan 1 Crore

LIC New Jeevan Amar is a pure-term insurance plan designed to provide financial security to the policyholder's family in case of an untimely demise. It offers flexibility in premium payments, death benefit options, and policy terms to suit individual needs.

Key Features:

• The 1 Crore Term Insurance plan offers two death benefit options: Level Sum Assured and Increasing Sum Assured.

• Premium payment options include Single-Premium, Regular-Premium, and Limited-Premium.

• The 1 cr term plan offers lower Premiums for Non-Smokers

LIC Digi Term Plan- LIC of India Term Insurance 1 Crore

LIC Digi Term Plan is a comprehensive term insurance policy offered by the Life Insurance Corporation of India to provide financial security to your family in case of an unfortunate event. This 1 cr term plan offers flexibility in choosing the sum assured, premium payment options, and policy terms, ensuring coverage that meets your needs.

Key Features:

• Choose between Level Sum Assured and Increasing Sum Assured death benefit options.

• Multiple premium payment options: Single, Regular, or Limited Premium payments.

• Benefit payment flexibility: opt for a lump sum or installments over 5, 10, or 15 years.

LIC Digi Credit Life- Term Plan for 1 Crore

LIC Digi Credit Life is a term insurance plan designed to cover outstanding loans in case of the policyholder's death, ensuring financial security for their family.

Key Features:

• The plan offers loan protection with coverage aligned to loan tenure.

• In this 1 cr term plan you can choose flexible premium payment options (single and limited premium).

• Affordable premiums with rebates for high sum assured.

LIC Yuva Term Plan- 1 Crore Term Insurance Plan

LIC Yuva Term Plan is designed to secure your family's financial future in case of your untimely demise. It offers guaranteed death benefits and flexible premium payment options and is available only through offline channels.

Key Features:

• The plan offers Level or Increasing Sum Assured for death benefit flexibility.

• This one crore term plan offers multiple premium payment options – Single, Regular, or Limited Premium.

• One can receive death benefits in installments over 5, 10, or 15 years.

LIC Yuva Credit Life- LIC of India Term Insurance 1 Crore

LIC Yuva Credit Life is a term insurance plan by LIC of India designed to provide financial security against outstanding loans. It ensures that in the event of the policyholder’s death, their family is not burdened with unpaid liabilities.

Key Features:

• The death benefit decreases over time, aligning with the loan repayment schedule.

• Choose between Single Premium or Limited Premium Payment options.

• This 1 cr term plan offers lower premium rates for women and non-smokers.

What are the Benefits of LIC Term Insurance 1 Crore?

Below-mentioned are some of the 1 Crore term insurance LIC benefits. Have a look:

• Wide Cover of 1 Crore

  After your demise, your family might be financially handicapped. To ensure that your family continues to live independently, having a 1 Crore term insurance can prove to be helpful. In your absence, the amount will take care of their financial needs in short as well as long term.

• Affordable Premiums

  The LIC 1 Crore term insurance premiums are pocket-friendly compared to other plans. For example, if you are a 30-year-old individual and decide to buy an LIC New Tech Term Plan, you can secure your family's future by paying Rs 1,500 per month. Under the regular premium paying option, you can get a cheap term life insurance premium with a sum assured of Rs 1 crore.

• Tax Saving Benefits

  The premiums paid against the LIC term insurance 1 crore are eligible to avail of term insurance tax benefits under Section 80C of the Income Tax Act,1961.

• Peace of Mind

  Choosing an affordable cheap term life insurance plan with a high sum assured of Rs 1 Crore lets you secure your family’s future without straining your budget. While the premiums are cost-effective, the coverage remains strong, ensuring your loved ones are financially protected in case of an unfortunate event.

How to Choose the Best LIC Term Insurance Plan for ₹1 Crore?

Choosing the best LIC term insurance plan for Rs. 1 Crore is essential to ensure your family's financial security in your absence. Here's how to select the most suitable LIC Rs. 1 Crore term insurance plan online:

• Assess your financial needs and requirements: Understand your family's future expenses, lifestyle, and financial liabilities, such as home loans, EMIs, and education costs. The sum assured from the LIC policy should replace your income and adequately support your dependents.

• Premium rates of ₹1 crore LIC term insurance: Ensure the premium is affordable based on your income. LIC offers trusted coverage with competitive premiums, and choosing a plan you can sustain long-term is key.

• Keep inflation and cost of living in mind: LIC term plans often cover you for 25–40 years. Ensure the ₹1 crore coverage accounts for rising inflation and future living costs to keep your family financially secure for decades.

Sample Premium Illustration of LIC 1 Crore Term Insurance

Looking at what is term insurance can help you understand the benefits and features of the plan. However, to help you understand it better, let us take a look at the following example:

Amit decided to buy LIC Term Insurance of Rs. 1 Crore. In the table below, we have showcased the premiums one needs to pay in different age groups under the best LIC term insurance plan:

Who Should Buy a 1 Crore LIC Term Insurance Plan?

A Rs. 1 Crore LIC Term insurance plan offers life cover at affordable premiums, making it a smart financial safety net. Here's who should consider buying it:

How to Buy a Rs. 1 Crore Term Insurance Plan from Policybazaar?

Below is the step-by-step guide to buy the best LIC term insurance plan for Rs. 1 crore from Policybazaar:

Step 1: Visit Policybazaar and go to the Term Insurance page.
Step 2: Fill in basic details like your Name, Date of Birth, and Contact Number, then click on 'View Plans'.
Step 3: Answer questions about smoking habits, annual income, occupation, and education.
Step 4: After submitting the information, a list of available Rs. 1 Crore term insurance plans will be shown.
Step 5: Choose the best term insurance plan for Rs. 1 Crore according to your financial goals and pay the first premium online.

Wrapping It Up!

LIC's 1 Crore term insurance plans offer complete financial security at affordable premiums. These policies ensure your family remains financially stable during your untimely demise, covering essential expenses, outstanding loans, and future financial goals. With flexible premium payment options, tax benefits, and special rebates for non-smokers and women, LIC's term plans cater to diverse needs. Before selecting a plan, assess your financial goals, policy tenure, and premium affordability to make an informed decision. Secure your loved ones' future today by choosing the best LIC 1 Crore term insurance plan that fits your requirements!

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

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