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
Gender
- Male
- Female
Date of Birth
Do you smoke or chew tobacco?
- Yes
- No
Choose required coverage to secure your family’s future
Best LIC Term Insurance Plans
![United IndiaCar Insurance](https://ins-common-logos-prod.s3.ap-south-1.amazonaws.com/brokerage/logo/life/max-life.jpg)
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.65%
Zero Cost Benefit
Terminal Illness
Nominee's Choice payout
Voluntary Top Up
![United IndiaCar Insurance](https://ins-common-logos-prod.s3.ap-south-1.amazonaws.com/brokerage/logo/life/hdfc.jpg)
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.39%
Terminal illness
Special Exit - Option to get your premiums back
Renewability Option
![United IndiaCar Insurance](https://ins-common-logos-prod.s3.ap-south-1.amazonaws.com/brokerage/logo/life/tata-aia.png)
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.01%
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.
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!
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.
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.
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.
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.
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.
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.
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.
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.
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Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
Term Insurance Riders
Popularly Opted Term Insurance Sum Assured
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![Must Buy Must Buy](https://static.insurancedekho.com/pwa/img/must_id_logo.png)
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.