LIC term plan benefits and top 5 Term Plans of LIC India?
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| LIC term plan benefits and top 5 Term Plans of LIC India? |
LIC term plan benefits in India?
Life Insurance Corporation of India (LIC) is a state-owned insurance company that offers a variety of term insurance plans to meet the diverse needs of its policyholders in India. Some of the benefits of a term insurance plan from LIC in India are:
- Financial protection: A term insurance plan provides a financial safety net for your family in the event of your untimely demise. It helps your loved ones to maintain their standard of living and meet their financial obligations in your absence.
- Affordable premiums: Term insurance premiums are typically lower compared to other types of insurance policies. This makes it an affordable option for people looking to provide financial protection for their families.
- Flexibility: LIC offers a range of term insurance plans that cater to different needs. You can choose a plan based on your budget, coverage requirements, and other factors.
- Tax benefits: Premiums paid for term insurance plans are eligible for tax deductions under section 80C of the Income Tax Act, 1961. This can help you save on your tax outgo.
- Easy application process: Applying for a term insurance plan from LIC is easy and can be done online. You can compare different plans, calculate your premiums, and apply online in a few simple steps.
- Option to add riders: You can enhance the coverage of your term insurance plan by adding riders, such as accidental death benefit, critical illness cover, and waiver of premium. These riders provide additional protection and help you tailor your insurance coverage to your specific needs.
Top 5 Term Plans of LIC India?
Life Insurance Corporation of India (LIC) offers a wide range of term insurance plans to meet the diverse needs of its policyholders in India. Here are the top 5 term insurance plans offered by LIC:
- LIC e-Term: This is an online term insurance plan that provides financial protection to your family in the event of your untimely demise. It offers a high sum assured at an affordable premium and can be purchased online in a few simple steps.
- Amulya Jeevan II: This is a non-linked, non-participating term insurance plan that offers financial protection to your family in the event of your untimely demise. It provides a high sum assured at an affordable premium and offers several optional riders to enhance the coverage.
- Anmol Jeevan II: This is a non-linked, non-participating term insurance plan that provides financial protection to your family in the event of your untimely demise. It offers a high sum assured at an affordable premium and provides several optional riders to enhance the coverage.
- Jeevan Labh: This is a non-linked, non-participating term insurance plan that provides financial protection to your family in the event of your untimely demise. It offers a high sum assured at an affordable premium and provides several optional riders to enhance the coverage.
- Jeevan Akshay: This is a non-linked, non-participating pension plan that provides a regular income to your family after your retirement. It offers a high sum assured at an affordable premium and provides several optional riders to enhance the coverage.
It's important to compare different term insurance plans and select the one that best meets your needs and budget. It's also advisable to consult with a financial advisor or an insurance agent to understand the features and benefits of different plans and make an informed decision.
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