LIC e-Term

Life’s a journey that sometimes is cut short without any warning, but if we are prepared we can take care of our loved ones even in our absence. With the LIC e-Term (Online term plan) you can do just that. This is a regular non-participating online term assurance plan which provides your family with the financial protection they require after your demise.

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On LIC Official Website

Updated: 29-05-2024 09:58:06 AM

The key features and benefits of this plan:

Entry age	18 years to 60 years
Plan validity/term	Minimum 10 years Maximum 35 years
Sum assured	Minimum: Rs. 25 lakhs and Rs. 50 lakhs for non-smokers Maximum: No limit
Premiums	Minimum annual premium: Rs. 2,875 Maximum annual premium: depends on the sum assured
Premium payment frequency/mode	Annual with a grace period of 30 days
Coverage (in detail)	The maximum age till which cover will be provided is 75 years The cover is available on for individuals and for their own lives The policy will lapse if premiums are not paid within the grace period If the policy has lapsed, it can be renewed within 2 years If any medicals are required then the cost is borne by the policyholder If the policy is returned within the freelook / cooling-off period then the premiums will be returned minus any costs for stamp duty, cover for period that the policy was active, etc.
Riders / Add-on covers	Term Assurance Rider Policyholders can enhance the cover by Rs. 1 lakh to Rs. 25 lakhs Premiums are paid along with the premium for parent policy
Surrender period/value	No surrender value is awarded under this plan
Freelook period	30 days