LIC e-Term

LIC’s e-Term is an on-line term assurance policy which provides financial protection to the insurer’s family in case of his/her unfortunate demise. The policy is pure term plan and available through online on LIC India’s website with differential premium rates for smokers/non-smokers. The e-term plan is about 35 percent cheaper than LIC’s offline plans such as Anmol Jeevan. The minimum sum assured and offered in case of unfortunate death on this plan is 25 Lakhs for aggregate category and 50 Lakhs for non-smoker category.

ICICI Pru iProtect Smart

iProtect Smart offers multiple options, which provide enhanced protection for the insured and to his/her family at affordable premium. In case of permanent impairment due to a fortuity, the policy continues with no further lends to be paid. The policy allows increasing the life cover at key stages of the insured person’s life such as marriage and during birth of their children. It also enriches insured person’s life cover with shelter against accidental death and 34 life jeopardizing illnesses. The premium is easy to buy online anytime in just 10 minutes and offers special rates for women and non-smokers. iProtect also covers the tax benefits. The mode of payment—single, yearly, half-yearly, or monthly—can be chosen according to the convenience of the individual.

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