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LIC Term Insurance Plans Premium Calculator

LIC Term Insurance Plans Premium Calculator - Term Life Insurance or Term Assurance is a type of life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the policy holder dies during the term, the death benefit will be paid to the beneficiary. Term insurance is the an expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.

 

Step-by-Step Process: (LIC Term Insurance Plans Premium Calculator)

  1. Select Plan
  2. Enter Age
  3. Select Term (Period)
  4. Sum Assured
  5. Click to Calculate Button

Document required for LIC Term Insurance Plans Premium Calculator

  • Duly filled claim form.
  • Original Policy document.
  • Identification Proof.
  • Death Proof.
  • Medical treatment document prior to death.
  • Age proof.

LIC Term Insurance Plans Premium Calculator