LIC Term Insurance User Reviews
Claim Settlement Ratio | 98.62% |
Customer Care | 8:00 AM to 8:00 PM |
Death Benefit Paid For | 73,3809 Policies |
Inception | 1956 |
Presence | 2048 Branches |
Total Death Benefit Paid | 12797.85 Crore |
Term Life Insurance Premium Calculator
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Choose required coverage to secure your family’s future
Best LIC Term Insurance Plans
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
- Special Exit Benefit
- Terminal illness
- Accidental Death
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
- Special Exit Benefit
The Flexibility of Time
InsuranceDekho is the best online insurance company. I would recommend their services to everyone. My heartful thanks to the customer support team of the company for helping me throughout the process. I had a great time purchasing the LIC Term Insurance Policy through your online platform.
Customization as per personalized demands
The LIC Term Insurance Policy offers customizable options that allow me to personalize my coverage. From choosing the term length to adding riders, I have the flexibility to tailor the policy to my specific needs, making it a valuable asset in my financial portfolio. I am so happy that I took the decision to buy this policy from InsuarnceDekho.
Easy-to-understand policy
The LIC Term Insurance Policy is quite transparent and its simple terms and conditions are easy to understand. And when I bought this policy from the InsuarnceDekho portal, I knew that there were no hidden clauses or surprises.
Good articles are available on the website
While looking for a good term plan, I read some really good articles about the plans and everything related to insurance on the InsuranceDekho website. And finally bought the LIC Term Insurance Policy. The news section of the website was updated and helped me gain some knowledge.
Received timely assistance
I contacted InsuranceDekho’s team because I had some queries related to my LIC Term Insurance Policy. The customer care team reached out to me quickly and helped me resolve my queries regarding my Kotak e-Term plan. I am very thankful to InsuranceDekho for the services provided.
The plan offers a bunch of benefits
The LIC Term Insurance Policy available on InsuranceDekho has a bunch of benefits to offer. The plan is not only reasonably priced but also has exciting features to offer.
Highly rated by customers
The LIC Term Insurance Policy available on InsuranceDekho is one of the top-rated life insurance plans. Most of the customers have positively reviewed the Future Generali Wealth Protect plan, thus I was satisfied with buying it.
Affordable-term plans offered
At InsuranceDekho I was able to find some best term plans offered by top insurance companies in India. It was very easy for me to compare some of the best term insurance plans on one platform. I used the premium calculator to compare term plans within my budget and after comparing I purchased LIC Term Insurance Plan from InsuranceDekho without any hassles.
Policies suiting everyone’s pocket
At InsuranceDekho I was able to find some best term plans offered but also which were easy on the pocket as well. It was easy for me to compare some of the best term insurance plans on one platform. And after comparing I purchased LIC Term Insurance Plan from InsuranceDekho without any hassles.
Good-to-go plan
The LIC Term Insurance plan that I bought from the InsuranceDekho website is a good term insurance plan because it has amazing features and benefits. I am happy that I bought this plan and would recommend this to all. This plan is quite affordable and provides good coverage.
User Reviews on LIC Term Insurance Alternatives
- Axis Max Term Insurance
- ICICI Prudential Term Insurance
- PNB MetLife Term Insurance
- Canara HSBC Term Insurance
- IndiaFirst Term Insurance
- Kotak Term Insurance
- Bharti AXA Term Insurance
- Exide Term Insurance
- HDFC Life Term Insurance
- Aditya Birla Sun Term Insurance
- Bandhan Life Insurance
- Pramerica Term Insurance
- Reliance Nippon Term Life Insurance
- Aviva Term Insurance
- Shriram Term Insurance
- SBI Life Term Insurance
- Tata AIA Term Insurance
- Bajaj Allianz Term Insurance
- Ageas Federal Term Insurance
- Star Union Dai-ichi Term Insurance
- Edelweiss Life Insurance
- Future Generali Term Insurance
Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
Term Insurance Riders
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Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 80 Lacs+ happy customers
LIC Term Insurance Contact Details
Claim Process at LIC Term Insurance
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FAQs
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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.
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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.
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Do Term insurance premiums include GST?
Yes, a GST slab of 18% is added to the premium charged for a plan.
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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.