Lic Jeevan Shiromani

Maptechie
1 min readOct 8, 2018

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LIC e-Term plan is a pure life cover term insurance policy which can be purchased online. The premiums need to be paid regularly (every year) and this is a non-participating (without bonus) plan. Benefits of LIC e-Term policy, the insurance company agrees to pay the policyholder’s beneficiaries (dependent family member/s) an agreed amount (sum assured) in event of his/her death during the policy term. However, if the insured survives till the end of the policy term, nothing is payable. Premiums paid under the plan are eligible for tax benefit and the benefits paid to the nominee/family is tax-free

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Key Features
Guaranteed Additions during premium payment term.
Critical Illness benefits against 15 diseases.
Availability of Accidental Death & Disability Benefit (AD & DB), Term Assurance riders.
Paid premiums are exempted from income tax under 80C.
Tax-free Money Backs and Maturity.

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