New Delhi: LIC, the country's largest insurance company, has launched a new online term plan LIC Tech Term Plan. It was Launched on 1 September 2019. This plan will be sold online only. LIC Tech Term Plan number is 854 and UIN number is 512N333V01. This is a non-linked insurance plan.
Which can be purchased by people above 18 years of age. Once covered, it will remain covered till the age of 80 years. This is a term plan, which means that after the death of the policyholder, his family members will get the money. The minimum sum assured in LIC Tech Term Plan is Rs 50 lakhs. The maximum amount you can insure is the amount you prefer. People between 18 and 65 years of age can buy the plan.
The term of this plan of Life Insurance Corporation of India is 10 to 40 years. In this, premium can be paid on a yearly or half-yearly basis. There is also the option of single premium policy.
There is a condition for this plan. You can buy it only for yourself. In this, you cannot become a proposer like other insurance plans. This insurance plan covers all kinds of death including accident. There will be no coverage on Suicide in the first year.
In this, after the policyholder leaves, there is an option to take the entire payment together and also in installments. Accidental Benefit Raider is available in this plan. A maximum Raider of Rs 1 crore can be taken in it. The premium that will be fixed after the release of your policy will remain the same for the entire time.
Loan facility is not available in this term plan. Raider is not available in single premium policy. If a healthy person of 30 years takes a policy of Rs. 1 crore for 30 years, then his total premium will come to Rs. 11007. This term insurance policy can be purchased through the LIC website www.licindia.in.
LIC recently launched Jeevan Amar Term Plan 855. This plan was launched to sell only through an agent. LIC Tech Term Plan is its online version. Jeevan Amar Term Plan was launched for people between 18 and 65 years. The minimum sum assured was 25 lakh rupees.
