Premium Payment Term: Regular Premium- Same as Policy Term
Premium Payment Frequency: Yearly, Half-Yearly, Quarterly or Monthly
Maturity Age: NA
Which is the best LIC Term policy?
LIC Bima Jyoti Plan
Is LIC good for term plan?
There are many reasons why LIC is a good choice for term insurance policies. These reasons are: It has the best claims settlement ratio of over 98%. This means that it successfully settle 98% of the claims that they get.
Why LIC Term plan is best?
Benefits of LIC Term Plan\n\n The policy provides a rebate on the premium amount for non-smokers. The policyholder has the flexibility to choose the sum assured amount of the policy. The LIC term plan fulfills the requirements of the policy buyers ranging from a minimum of 18 years to a maximum of 75 years of age.
Which is the best insurance policy of LIC?
Originally Answered: Which is best insurance policy of LIC? The best LIC policy at present is Jeevan Labh. It pays 2.5 time your investment upto the age 40 in 21 years. You can also avail a term rider added to the policy.
Which is the best LIC term insurance plan for smokers?
LIC’s most popular term insurance plan: LIC’s e-Term Plan: This is an online term plan which can be bought at the click of a mouse. The plan’s USPs include the following: Differential premium rates are applicable for smokers and non-smokers
What are the different types of LIC Life Insurance Plans?
Among the variety of life insurance plans offered by LIC in all the above-mentioned categories, let’s discuss some of the best LIC plans that the company offers for the various types: Term plans are the most basic life insurance plans which cover the risk of premature death and offer financial security.