LIC e-term Plan Online.

A person who is comfortable with internet services and has some experience of having made an online purchase, buying life insurance online will always be a logical option to him. Of course it should be, as It's fast, easy and secure. Just fill in some required basic details and make the online payment. No tension for visiting offices etc. And also its hassle free process. Apart from the convenience, online policy is also cheaper than the offline version as online rebate is also available. LIC's e-Term is a regular premium non-participating "on-line term assurance policy" which provides financial protection to the insured's family in case of his/her unfortunate demise.

LIC's e -Term Policy

LIC's e-Term policy is a pure life cover policy. Under this insurance policy, against payment of regular premium, the insurer agrees to pay your beneficiaries the sum assured in event of your premature death during policy term. However, if you survive till the end of the policy term, nothing is payable to you.

Eligibility-

·         The person should be Resident Indian residing in India.

·         He should not be Non-Resident Indian(NRI), Overseas Citizen of India(OCI) or Person of Indian Origin(PIO).

·         Minimum entry age: 18 years (Completed).

·         Maximum entry age: 60 years (Nearest Birthday)

·         Maximum cover ceasing age: 75 years (Nearest Birthday)

·         He/she must have own earned income.

·         One cannot propose for anyone other than self.

·         One should have annual income around 3 lacs to purchase under Non-smoker rate.

·         Income should be sufficient to cover all existing and proposed insurance cover under all insurers.

Benefits-

Death Benefit - In case of unfortunate death of the Life Assured during the policy term SumAssured shall be payable.

Maturity Benefit- On survival to the end of the policy term, nothing shall be payable