LIC Term Insurance Plans Info : LIC's e-term plan - InsuranceRise

Monday, 11 January 2016

LIC Term Insurance Plans Info : LIC's e-term plan

LIC's e-Term is a regular premium non-participating "on-line term assurance policy" which provides financial protection to the insured's family in case of his/her unfortunate demise. This plan will be available through on-line application process only and no intermediaries will be involved.

Under this plan, there are two categories of premium rates namely (1) Aggregate lives & (2) Non-smoker lives. For Sum Assured upto Rs. 49 lacs Aggregate category rates only would apply. For Sum Assured Rs. 50 lacs and above there is an option to choose differential premium rate for Non-smoker category. However, the application of Non-smoker rates shall be based on the findings of the Urinary Cotinine test. In all other cases the Aggregate premium rates shall be applicable.

LIC Term Insurance Plans Info : LIC's e-term plan

Features : 

  • Available through Online mode (
  • Pure Term plan
  • Differential premium rates for Smoker/Non-Smoker lives
  • Proposal on own life ONLY will be considered


  • Death Benefit:In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable.
  • Maturity Benefit:On survival to the end of the policy term, nothing shall be payable.


Minimum Sum Assured Rs. 25,00,000 for Aggregate category 
Rs. 50,00,000 for Non-smoker category
Maximum Sum Assured No limit
Minimum age at entry 18 years (completed)
Maximum age at entry 60 years (nearest birthday)
Maximum cover ceasing age 75 years (nearest birthday)
Minimum policy term 10 years
Maximum policy term 35 years
Mode of payment Premiums are to be paid annually.
Eligible life The person should be Resident Indian residing in India. 
He should NOT BE Non-Resident Indian(NRI), Overseas Citizen of India(OCI)or Person of Indian Origin(PIO).
He/she must have own earned income. 
One cannot propose for anyone other than self. Key Man Insurance (KMI)/ Partnership/ Employer-Employee Cover will not be allowed.
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