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HomeTerm InsuranceTerm Insurance CompaniesLICLIC Claim Settelment

LIC Term Insurance Claim Settlement

101 reviews Rate This
LIC Term Insurance
Highlights
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Inception1956
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore

Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best LIC Term Insurance Plans

1 Crore
2 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.7%
Starting From ₹ 688/Month
Key Features:
  • Right Green Tick Revised Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Cover Continuance Benefit
  • Right Green Tick Insta-Payment on Claim Intimation
  • Right Green Tick Nominee's Choice payout
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.2%
Starting From ₹ 730/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Waiver of Premium on Disability
  • Right Green Tick Terminal Illness
  • Right Green Tick Life Stage Benefit
  • Right Green Tick Special Exit Benefit
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
See More Plans

Claim Settlement of LIC Term Insurance

    User Reviews

    4.8
    Rating based on
    101 User reviews
    Write your review
    What users are saying
    • All
    • Provide Flexibility

      At Insurancedekho companies, you can Compare plans whenever you are free and contact the customer support team at your convenience. I have no words to express my thanks to the customer team of InsuranceDekho. I bought my LIC Term Life Insurance Plan conveniently through your "anytime assistance" feature.

      Read More

      V
      LIC
      By Vanshikha Sharma
      On: Feb 09, 2024
    • Best Customer Support

      My purchase of a team insurance policy from InsuranceDekho was amazing. The customer support team made my purchase of the LIC term insurance plan quick and easy. Loved it!

      Read More

      J
      LIC
      By Janvi Pal
      On: Dec 12, 2023
    • An affordable plan

      I used the online term calculator to evaluate the premium of the LIC Term Insurance Policy. When I found that the premium of the plan matched my budget, I instantly bought it.

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      D
      LIC
      By Dev Shree
      On: Nov 24, 2023
    • I got friendly suggestions

      When I was buying the LIC Term Insurance Policy from InsuranceDekho, the team provided me with friendly advice. They not only helped me select the desired term plan but also explained everything about the buying process.

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      D
      LIC
      By Deepti Garg
      On: Nov 21, 2023
    • Empowerment through Term Insur...

      With the LIC Term Insurance Policy, InsuranceDekho empowers customers like me  with valuable knowledge about term insurance. It's a knowledge hub for making well-informed financial choices.

      Read More

      M
      LIC
      By Mamta Khati
      On: Nov 15, 2023
    View All LIC Term Insurance Reviews
    Must BuyMust Buy

    Why to Buy Term Insurance Policy Online from InsuranceDekho

    • Tax benefit upto 1,50,000*
    • Claim support everyday 10AM-7PM
    • 80 Lacs+ happy customers

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    LIC Term Insurance Contact Details

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    Claim Process at LIC Term Insurance

    • 1

      Claim Intimation

      In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
    • 2

      Submission of Documents

      Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
    • 3

      Claim Evaluation

      Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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