The digital age has revolutionised the way customers seek out and purchase term insurance plans. With the convenience of online platforms, customers can now easily access and compare the best LIC term insurance plans.
This article aims to provide valuable insights into the top eight term insurance plans available for online purchase. By offering a comprehensive overview of these plans, customers can make an informed decision when selecting the right one for their needs. With the help of this article, customers can navigate the online insurance market and confidently secure the best term insurance plan from LIC.
Table of Contents
Name of the 8 Best LIC Term Insurance Plans Online!
Following are the 8 best term insurance plans you can buy online and get discounts.
| S. No. | Plan Name | Plan No | UIN No |
|---|---|---|---|
| 1 | LIC’s Saral Jeevan Bima | Plan No: 859 | 512N341V01 |
| 2 | LIC’s Jeevan Kiran | Plan No: 870 | 512N353V01 |
| 3 | LIC’s Yuva Term | Plan No: 875 | 512N355V01 |
| 4 | LIC’s Digi Term | Plan No: 876 | 512N356V01 |
| 5 | LIC’s Yuva Credit Life | Plan No: 877 | 512N357V01 |
| 6 | LIC’s Digi Credit Life | Plan No: 878 | 512N358V01 |
| 7 | LIC’s New TECH TERM | Plan No: 954 | 512N351V01 |
| 8 | LIC’s New Jeevan Amar | Plan No: 955 | 512N350N01 |
The digital age has revolutionized the way customers seek and purchase term insurance plans. With the convenience of online platforms, customers can easily access and compare the best LIC term insurance plans. This article provides valuable insights into the top eight term insurance plans available for online purchase. By offering a comprehensive overview of these plans, customers can make informed decisions when selecting the right one for their needs. With this article’s help, customers can confidently secure the best term insurance plan from LIC in the online insurance market.
Why advantage you buy term plan online?
The online platform for purchasing term insurance plans offers customers a convenient and accessible channel for their insurance needs. LIC has developed user-friendly technology systems and provides excellent online support to facilitate a seamless buying experience. Additionally, customers can benefit from cost savings as insurance companies often offer discounts on the premium rates for online policies. Opting for online purchases from LIC allows customers to enjoy the same level of coverage at a lower price point compared to buying from local agents.
What are the disadvantages of buying LIC plans online
It is uncertain if the plan you are searching for contains undisclosed terms or the level of post-sale assistance provided by LIC directly. If you require customer support from LIC customer care or the nearest LIC office, please note that although LIC is a major organization, it still experiences technical issues within its system. Compared to private insurers, LIC is falling behind its competitors.
What Key Points That need to consider before buying Online?
When considering a term insurance plan from LIC (Life Insurance Corporation of India), here are some key points to keep in mind:
- Coverage Amount: Determine how much coverage you need based on your financial obligations and family needs.
- Premium Rates: Compare premium rates across different plans and assess affordability over the policy term.
- Policy Term: Choose a policy term that aligns with your financial goals and the period during which your dependents will need financial support.
- Claim Settlement Ratio: Check LIC’s claim settlement ratio to gauge the likelihood of successful claims.
- Riders and Add-Ons: Consider optional riders (like critical illness or accidental death) that can enhance your coverage.
- Tax Benefits: Understand the tax implications under Section 80C and 10(10D) of the Income Tax Act for premiums paid and benefits received.
- Exclusions: Familiarize yourself with the exclusions in the policy to know what is not covered.
- Renewability: Ensure the policy can be renewed without hassle and understand the terms related to renewal.
- Customer Service: Assess LIC’s customer service reputation for ease of communication and assistance during the claim process.
- Flexibility: Look for flexibility in premium payment options (monthly, quarterly, annually) and the ability to adjust coverage if needed.
- By carefully evaluating these aspects, you can make an informed decision that aligns with your financial planning goals.
