Life Insurance Corporation (LIC) has relaunched two term assurance plans with new features and withdrawn the old plans.Â
These plans of LIC are Tech Term and New Jeevan Amar plans. Special rates are being given to women in both the schemes. At the same time, the premium rate has been fixed separately for smokers and non-smokers.
Life Insurance Corporation is very conscious about the life security of its customers. That is why it is providing the facility of health to term insurance plans to the customers.
That is why LIC has withdrawn the old plans and re-launched two plans Tech Term and New Jeevan Amar plan. Special rates have been offered for women in both the plans. At the same time, premium rates have been fixed separately for non-smokers and smokers.
LIC Tech Term Plan
According to LIC New Tech Term is a non-linked, non-participating, individual, pure risk premium life insurance plan. This online plan provides financial protection to the family of the life assured in case of his unfortunate death during the policy term. Under this, customers get the facility to choose two benefit options, Level Sum Assured and Increasing Sum Assured.
LIC New jeevan Amar Plan
LIC’s New Jeevan Amar is a non-linked, non-participating, individual, pure risk premium life insurance plan, which provides financial protection to the life assured’s family in case of unfortunate death during the policy term.
Some major advantages of both the plans
- Flexibility to choose between single premium, regular premium and limited premium payment.
- Flexibility to choose the policy term / premium paying term.
- There is also an option to pay the benefits in installments.
- Special rates for ladies.
