In a nutshell,Car insurance online India is peace of mind for you. It’s your financial protection in case something unexpected to your car for example a bear leaping from the woods and leaving a giant pawprint dent on your car. Car insurance will cover the big cost a associated with damage to your car and yourself.CONTINUE
NEW In a nutshell,Car insurance online India is peace of mind for you. It’s your financial protection in case something unexpected to your car for example a bear leaping from the woods and leaving a giant pawprint dent on your car. Car insurance will cover the big cost a associated with damage to your car and yourself.
In a nutshell,Car insurance online India is peace of mind for you. It’s your financial protection in case something unexpected to your car for example a bear leaping from the woods and leaving a giant pawprint dent on your car. Car insurance will cover the big cost a associated with damage to your car and yourself.Learn MoreLearn More
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Life insurance – Compare LIC e Term Insurance Plans – Insuremile
Frequently Asked Questions
LICs eTerm Plan
LIC has recently launched an online term plan called LICs eTerm Plan which can be purchased online without the intervention of any agent or advisor.
This plan works like a regular term plan once it has been issued. LICs eTerm Plan offers death benefit only, wherein it does not offer any maturity benefit and can be opted for high sum assured only. Thus, this term plan offers deferential premium rates for non-smokers opting for an assured sum of Rs 50 lacs or more.
LIC eTerm – Key Features:
Online Term Plan with preferential premium rates for:
Pure Term Plan which means that it only offers death benefit and do not offers any benefit on maturity of the policy
Traditional and a non-participating plan
The nominated person gets to receive the death benefit in case of unfortunate death of the policyholder.
LIC eTerm – Product Details
Details About Premium
Annual premium in Rupees for a Policy Tenure of 15 years. Basic Premium is mentioned below (Tax not included)
LIC eTerm – Policy Details
Grace Period: 30 days grace period is allowed for premium payment. If policyholder fails to make payment within the grace period, the policy lapses
Policy Termination or Surrender Benefit: There are no surrender benefits available in this plan
Free Look Period: If you would not be pleased with the coverage and terms and conditions of the policy, you have the option of cancelling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
There are no loans available in this plan
When it comes to suicide committed within 12 months of policy inception, only 80% of premiums paid are returned to the nominee. When it comes to suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid.
Frequently asked questions
Q 1: Does the amount of my premium changes during the tenure of the policy after purchasing the plan?
After issuing the policy, the premium remains the same throughout the policy term. However, this further depends on the regulations of the service tax as described by Indian Government.
Q 2: Can I nominate a minor as my nominee?
Yes, you can nominate a minor as your nominee.
Q 3: What are the death benefits offered to the nominee?
During any unfortunate death of the policy holder during the policy term the nominated person gets to receive the assured sum of the plan.
Q 4: What are the means of paying a subsequent premium?
To make the subsequent premium you can make use of debit card, credit card and net banking.
Q 5: Do I need to go for a medical test?
Requirement of a medical test depends on your existing health condition and requirements of the underwriting. All these medical tests are basic ones such as urine test, blood test and other such basic tests.
Q 6: When will my life cover plan get activated?
After accepting the proposal, your insurance cover with get activated.
Q 7: Will the insurance company cover me if I am travelling to a foreign country for business or leisure?
Yes, once your policy gets issued it covers your travel trips to a foreign country, be it for business or leisure.
Q 8: Where can I contact them to enquire about the status of my online policy application?
To contact them you can send mails at online_dmkt@licindia[dot]com or give a call on the toll-free number 1800-22-7717.
Q 9: How many riders are offered by this plan?
The policy does not offer any rider under this plan.
Q 10: Can I get a loan under this policy?
No, you are not allowed to get any loan under this plan.
Q 11: What if I stop paying the premium?
The policy lapses if you stop paying the premium.
Q 12: How can I revive a lapsed policy?
You can revive your lapsed policy within 2 years of the date of the first unpaid premium.
Q 13: What is the grace period offered by the policy?
A grace period of 30 days is allowed from the due date of the first premium.
Q 14: Can I take this plan for my parents?
No, you can take this plan only for yourself.
Q 15: Are the premium rates different for smokers and non-smokers?
Yes, the premium rates are different for smokers and non-smokers.
Kotak Assured Income Accelerator
LIC eTerm – Benefits
High Sum Assured Term Plan with a minimum of:
Rs 25 lacs for Aggregate Plan
Rs 50 Lacs for Non-Smokers
There is an option of choosing very long tenure of a maximum of 35 years
This LIC policy can be continued till the age of 75 years
As per Income Tax Act, Section 80 C and Section 10 (10 D) define income tax benefits on the premium paid to the policyholders.
The policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents. A medical examination may be required in some cases, based on the sum assured and the age of the person.
You may also like toread: LIC India Term Insurance Plans