LIC Launches its First Online Term Insurance Plan –LIC’s e-Term

TechnoparkToday.com>> LIC of India, the market leader in the Life Insurance sector has launched the much awaited Online term insurance plan , LIC’s e-Term. Customers can buy this plan by logging on to LIC’s website www.licindia.in and following simple instructions.

For a customer who is comfortable using the internet and has some experience of having made an online purchase, buying life insurance online is an easy and a logical option. It’s fast, easy and secure – just fill in the details and make the payment through Internet Banking. Apart from the convenience, online policy is also cheaper than the offline version as online rebate is also available.

LIC’s e-Term, is a regular premium paying pure protection plan which will be sold online only. Under this plan there are two categories of premium rates viz. (1) Aggregate and (2) Non-smoker.

The Non- smoker category, where insurance will be granted for Rs.50 lac and above, will have premium rates lower than Aggregate category with certain conditions. Minimum Sum Assured for Aggregate category is Rs.25lac. The plan is available for persons from ages 18 years to 60 years with term ranging from 10 to 35 years. The cover ceases at Age 75.

The mode of payment of premium is annual and through online mode only.

For Details log on to www.licindia.in or Contact: 9446551551