If you have a LIC term insurance 1 Crore handy, you can cherish all your happy moments and make a fine cushion for your loved ones. Your untimely demise should not impose a burden on your dependent family members and that is only possible with some financial planning. Earlier it might be difficult but now you can easily buy term insurance online. It saves both time and effort and one can easily compare various term life insurance plans online.
Though it is recommended to buy one at a younger age, there is no stopping when it comes to buying it an older age. A term insurance plan is a pure protection plan, which will help either of the survivors as a source of funds when an emergency strike. If you are the sole earner of your family it is wise to buy a LIC 1 Crore policy to offer financial security to your spouse/parents/ children.
There are a couple of affordable LIC term insurance plans with a sum assured of Rs. 1 Crore that you can consider.
A Rs. 1 Crore term insurance plan is an insurance policy that guarantees to pay the sum assured of Rs. 1 Crore to the policy nominees on the death of the insured. The LIC term plan 1 crore offers a financial backup to the family members of the insured person.
However, the goal of all the term insurance plans remains the same – compensating the dependent family members of the insured with the sum assured amount (Rs. 1 Crore in this case) in case of the untimely demise of the policyholder. Considering the rising inflation, even day to day expenses can be difficult to pay without term insurance cover. And the cost of medical expenses, education, and marriage also cannot be ignored.
For this reason, Life Insurance Corporation of India (LIC) has designed term insurance policies with a sum assured of Rs.1 Crore and above. The higher sum assured at a reasonable premium makes it a truly worthy investment, along with the range of benefits that are offered to the policyholder and the beneficiaries.*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
A term plan is one of the most basic types of life insurance policies. It ensures that the family members of the policy holder are given compensation up to the sum assured amount in case of the death of the policy holder during the selected term insurance policy duration.
In addition to the death benefits, there are other rider benefits that LIC term insurance 1 Crore offers such as accidental death benefit cover, critical illness cover, terminal illness cover, and payment of the death benefit in installments.
Mentioned below are three LIC 1 Crore policies that are designed to meet the different needs of the customers. One can choose to purchase any type of insurance policy, based on one’s exact needs and requirements. Listed below are a few LIC term plans with a higher sum assured of Rs. 1 Crore or more.
LIC Amulya JEEVAN 1, LIC Jeevan Amar, and LIC Tech Term are the three LIC term insurance 1 Crore plans. Checkout the plan details, features, and eligibility criteria below:
This LIC term insurance plan of Rs. 1 Crore provides a death benefit to the nominees in case of untimely demise of the insured during the policy term. The term life insurer pays the Sum Assured to the policy beneficiaries provided the term insurance policy is in force.
Eligibility Criteria to Buy Amulya JEEVAN 1 LIC Term Plan 1 Crore
The minimum entry age to buy this LIC term insurance 1 crore is 18 years
Key Features and Benefits of Amulya JEEVAN 1 LIC Term Insurance 1 Crore
This is an offline, non-linked, pure protection LIC term insurance 1 Crore plan with no profit. This term insurance plan offers the required financial cover to the insured’s family if there an unfortunate incident during the policy tenure.
Being a pure protection plan it offers life insurance cover at an economical premium. Check out the policy features and benefits that are listed below:
Eligibility Criteria to Buy Jeevan Amar LIC term insurance 1 Crore
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Key Features and Benefits of Jeevan Amar LIC term insurance 1 Crore:
Tech term LIC 1 Crore policy is a non-linked, pure-risk, and non-participating premium plan that gives the option to secure your family’s future with a sum assured of Rs. Crore and more. This LIC term insurance plan of Rs.1 Crore is an online LIC 1 crore policy that can easily be purchased anytime on the go. And the policy features and benefits are listed below:
Eligibility Criteria of LIC Tech Term Plan 1 Crore & above
Key Features and Benefits of Tech Term LIC 1 Crore Policy
Now that you have some clarity regarding the LIC term insurance plans with a sum assured of Rs. Crore and above, it will be easier for you to decide. You can check out all the plans and select the one that serves your purposes and would help in fulfilling the future financial needs of your family while you are gone. If you are looking for protection then you have the term plan to choose from.