| | | | LIC - Term Assurance Plans.
Term insurance is type of life insurance which provides coverage at a fixed rate of payments for a limited period of time.
If the insured dies during the term, the death benefit will be paid to the beneficiary.There will be no returns if policy matures.
Term insurance is considered to be the purest form of Life Insurance and the best way to purchase a substantial death benefit on a lesser amount.
In Term Assurance, there are two plans to provide the maxmium cover one can take.
1) Anmol Jeevan - 1 ( Term Assurance upto Rs. 24,99,999/= )
2) Amulya Jeevan - 1 ( Term Assurance for Rs. 25,00,000/= and above)
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