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LIC Term Insurance User Reviews

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

Gender

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  • Female

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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
Rating of LIC
4.8
Based on
101 User reviews

  • 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.

    V
    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!

    J
    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.

    D
    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.

    D
    Deepti Garg
    On: Nov 21, 2023

  • Empowerment through Term Insurance Knowledge

    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.

    M
    Mamta Khati
    On: Nov 15, 2023

  • Comprehensive Term Insurance Choices

    InsuranceDekho offers a wide array of term insurance policies. I could find the perfect coverage under the LIC Term Insurance Policy for my family's future.

    K
    Kamal Saran
    On: Nov 08, 2023

  • Informative Blog

    The blog section on the InsuranceDekho website is very informative. It helped me understand various aspects of the LIC Term Insurance Policy simply and clearly.

    S
    Sushmita Dev
    On: Nov 07, 2023

  • Clear Policy Terms

    The LIC Term Insurance Policy terms for my term insurance were crystal clear. I appreciate the transparency, and I knew exactly what to expect.

    K
    Kishan Rajput
    On: Nov 03, 2023

  • Educational Resources

    The educational resources on the website helped me understand the importance of term insurance and how to choose the right plan. After reading the articles, i bought the LIC Term Insurance Policy.

    A
    Annanya Kohli
    On: Nov 02, 2023

  • Excellent Coverage

    The LIC Term Insurance Policy offered by InsuranceDekho provides excellent coverage. I feel secure knowing that my loved ones are taken care of.

    R
    Rajdeep Bains
    On: Oct 31, 2023

  • Protecting My Loved Ones

    With the LIC Term Insurance Policy from InsuranceDekho, I feel confident that I'm protecting my loved ones' financial future. It's a decision I'm truly satisfied with.

    L
    Luxmi Singh
    On: Oct 30, 2023

  • Swift Claim Settlements

    I recently had to make a claim with InsuranceDekho's LIC Term Insurance Policy, and they impressed me with their swift response. It's comforting to know that your family will receive the support they need without delay.

    S
    Shiva Mahavir
    On: Oct 26, 2023

  • Transparent Policies

    Transparency is key in the world of insurance, and InsuranceDekho excels in this regard. Their LIC Term Insurance Policy is transparent and easy to understand. This clear communication about benefits and terms gives me the confidence that my family will be protected.

    S
    Sangeeta Acharya
    On: Oct 24, 2023

  • Total Peace of Mind

    I've been a policyholder of the LIC Term Insurance Policy with InsuranceDekho, and it's provided me with total peace of mind. The comprehensive coverage ensures that my family is financially secure in case of any unforeseen events. The transparency and reliability of InsuranceDekho make it a top choice for term insurance.

    M
    Mukul Kapri
    On: Oct 19, 2023

  • Guiding Towards Financial Security

    InsuranceDekho guided me towards financial security with their term insurance options. They made sure I understood the LIC Term Insurance Policy well before I was purchasing, leaving no room for doubts.

    G
    Gunjan Malhotra
    On: Oct 18, 2023

  • Timely Updates and Notifications

    InsuranceDekho keeps you informed every step of the way. They send timely updates and notifications about my LIC Term Insurance Policy, from purchase to renewal reminders. It's this attention to detail that sets them apart. You never have to worry about missing important deadlines.

    B
    Beema Rawal
    On: Oct 16, 2023

  • Prompt and Knowledgeable Support

    I had some questions while browsing the LIC Term Insurance Policy options on InsuranceDekho, and I reached out to their customer support. They were not only quick to respond but also very knowledgeable. They guided me through the different policy features, helping me understan. It's reassuring to know that their support team is there to assist you every step of the way.

    r
    romil Shah
    On: Oct 12, 2023

  • Affordable Protection

    InsuranceDekho provides term insurance that's easy on the pocket while delivering comprehensive coverage. I appreciate the LIC Term Insurance Policy as it is very affordable without compromising on quality. 

    M
    Meenakshi Moray
    On: Oct 10, 2023

  • Effortless Online Application

    The online application process was a breeze. I applied for the LIC Term Insurance Policy on InsuranceDekho's website, and within minutes, I was on my way to securing my family's future

    A
    Amit Kumar
    On: Oct 03, 2023

  • Outstanding Claims Support

    I had to make a claim recently for my existing LIC Term Insurance Policy, and the support I received from InsuranceDekho's claims team was outstanding. They handled everything efficiently.

    R
    Rakesh Bansal
    On: Sep 29, 2023

  • Educational Resources

    I found the educational articles and resources on InsuranceDekho's website very informative. They helped me understand the nuances of term insurance before making a decision to buy an LIC Term Insurance Policy

    S
    Shivali Garg
    On: Sep 27, 2023

  • Life Saver

    I bought a LIC Term Insurance Policy from InsuranceDekho, and it's been a fantastic experience. The team was helpful, and the policy offers great coverage. I feel secure about my family's future.

    P
    Pulak Parashar
    On: Sep 25, 2023

  • Peace of Mind with InsuranceDekho

    InsuranceDekho gave me the peace of mind I was looking for. Their LIC Term Insurance Policy is very comprehensive and affordable. Knowing that my family is financially protected in case something happens to me is a huge relief.

    S
    Shetaal Meena
    On: Sep 20, 2023

  • Affordable Premium

    The premiums for InsuranceDeko's LIC Term Insurance Policy are competitive and fit well within my budget. Happy to have bought this amazing policy on a friend’s recommendation.

    J
    Juhi Arora
    On: Sep 18, 2023

  • High Claim Settlement Ratio

    InsuranceDekho's high claim settlement ratio gives me confidence that my family will receive the benefits from the LIC Term Insurance Policy, which they deserve when the time comes.

    G
    Geeta Singla
    On: Sep 15, 2023

  • Comprehensive Coverage

    InsuranceDekho offers a wide range of coverage options, with allowing me to customize my LIC Term Insurance Policy to meet my family's unique needs.

    R
    Rajashri Bhagat
    On: Sep 14, 2023

  • Excellent Track Record

    InsuranceDekho has an excellent track record of honoring claims and delivering on their promises. Due to some emergency I had to file and claim for my LIC Term Insurance Policy. This reliability is a crucial factor in choosing a term insurance provider.

    G
    Gulshan Singhani
    On: Sep 13, 2023

  • Incentives for Healthy Living

    I appreciate that InsuranceDekho's LIC Term Insurance Policy often comes with incentives for healthy living. They may offer discounts or rewards for maintaining a healthy lifestyle, which is an added benefit for policyholders.

    A
    Apurv Majumdar
    On: Sep 12, 2023

  • Affordable Peace of Mind

    InsuranceDekho's LIC Term Insurance Policy has given me an affordable way to secure my family's financial future. It's a true peace of mind knowing that they will be financially protected even if I'm not there to provide for them.

    M
    Mandeep Ahluwalia
    On: Sep 11, 2023

  • Unmatched Financial Protection

    InsuranceDekho's LIC Term Insurance Policy offers unparalleled financial protection. It's a relief knowing that my loved ones will be secure even if I'm not around.

    S
    Sanju Singh
    On: Sep 08, 2023

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LIC Term Insurance Contact Details

Reach us for help anytime

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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FAQs

  • How often can I pay my premiums for LIC’s term insurance plans?

    LIC’s term insurance plans allow premium payments in different modes. Policyholders can pay premiums monthly, quarterly, half-yearly, or annually as his/her requirements.

  • Are Term insurance premiums exempt from tax?

    Yes, the premium paid for term insurance policies is allowed as a tax-free deduction from your taxable income. Premiums paid up to INR 1.5 lakhs can be claimed as a deduction under Section 80C of the Income Tax Act,1961.

  • What are the different ways of paying LIC Term Insurance premiums?

    LIC Term insurance premiums can be paid through cash, cheque, demand drafts, net banking, UPI, NEFT, mobile wallets, or any other digital mode.

  • Do Term insurance premiums include GST?

    Yes, a GST slab of 18% is added to the premium charged for a plan.

  • What happens when the premium is not paid?

    If the premium is not paid in case of term insurance plans for the specified duration, the policy lapses. In case of a lapse, the coverage halts and the policyholder loses the premiums paid earlier.

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