More Benefits and High Returns with LIC Term Plan

The Life Insurance Corporation of India has different term insurance plans in its bag. These plans are apt for people looking for the highest coverage at low premiums. The plans serve to be significantly helpful if the insured passes away during the tenure of the term. No maturity benefits are payable in case he or she survives the term. The purest of all insurance policies on offer, an LIC term plan is what you need if you are looking for life coverage only.

Here, we aim at taking a quick look at the best LIC term plans in India. Also, we will share important pointers to help you ascertain the best policy for yourself or a loved one.

Best of LIC Term Plans

LIC term insurance plans are known to offer more benefits and high returns in the Indian insurance space. Given below are popular term insurance plans by LIC.

LIC’s Anmol Jeevan – II

LIC’s Anmol Jeevan – II offers financial protection to your beneficiaries in the event of your unfortunate death of the policy holder during the term of the policy. No maturity benefit is payable in case you survive until the end of the policy. The minimum and maximum sum assured under this plan are INR 6,00,000 and INR 24,00,000 respectively. The minimum and maximum age of entry are 18 years (completed) and 55 years (nearest birthday).

You may want to buy this LIC term plan for a minimum period of 5 years or a maximum period of 25 years as per your requirements. The premium for Anmol Jeevan – II can be paid on a yearly or half-yearly basis. A grace period of a month is provided for the payment of premiums.

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LIC’s Amulya Jeevan – II

This protection provides financial protection only in the event of the unfortunate death of the insured. There are no maturity benefits payable by the company on the expiry of the policy term. The minimum sum assured under this plan is INR 25,00,000. There is no limit to the maximum sum assured. Do know that the sum assured is in multiples of INR 1,00,000. 

The minimum and maximum age of entry are 18 years (completed) and 60 years (nearest birthday). The premium payments can be done on a half-yearly or yearly basis; the payments enjoy a grace period of 30 days.

LIC’s e-Term

You may want to check out LIC’s e-term insurance policy which is in the nature of a regular premium, online, non-participating assurance plan. It offers financial protection to the family of the policyholder in the event of his or her unfortunate death. If you are interested in purchasing this plan, you need to buy it through online resources only as it cannot be sold through intermediaries. 

Insurance comparison sites like will help you go through the online application process in the easiest and quickest of ways. You may choose from any two types of premium rates – non-smoker lives or aggregate lives. If you desire to get a sum assured of up to INR 49 lacs, then the rates for the aggregate category would apply to you. For a sum assured of INR 50 lacs or above, you need to select the differential premium rate applicable to the non-smoker category.

Which Is the Right Policy for You?

Given below are important factors to help you choose the right LIC term plan online.

1. Age

If you are a young man or woman looking for higher life coverage, you may choose a term plan that asks for lower premiums. As there is less likelihood of young people meeting their death during the tenure of term plans, insurance companies think of them as low-risk buyers and rate their premiums accordingly.

2. Gender

Women are often charged lower premiums in comparison to men. This is because most studies have proven that women live 5 years (on an average) more than men. This in effect converts to the insurance company getting more premiums for longer periods of time, thus the lower premium amount.

3. Medical History

Even if you are not suffering from any major ailment but are prone to genetic disorders as per your medical history, you will have to pay a higher premium for a term plan. Decide accordingly.

Buy Best LIC Term Plan Online

Get the best term plans from LIC at It is well-advised that you compare the three policies on the grounds of tenure, age, premium, sum assured, etc. before taking your call.