TERM PLAN
A Strong Financial Safety Net for Your Family
Term Plans, also known as Pure Protection Plans, are designed to provide financial protection to your loved ones at an affordable premium. You choose an insurance cover for a specific period, and if the insured person passes away during that period, the nominee receives the death benefit as per the policy terms.
These plans help your family manage household expenses, children’s education, outstanding loans, and other financial responsibilities in your absence. Unlike savings plans, pure protection plans generally do not offer a maturity benefit if you survive the policy term.
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SARAL JEVAN BEEMA
Simple Protection for Your Family LIC Saral Jeevan Bima is a pure term insurance plan designed to provide financial protection to your family if you pass away during the policy term. You pay a premium to get life insurance cover for a selected period. If the insured person passes away while the policy is active, the nominee receives the death benefit according to the policy terms. You can choose to pay the premium regularly, for a limited period, or as a single payment. This plan is suitable for individuals who want straightforward life insurance protection to help their family manage daily expenses and financial responsibilities in their absence. Key Benefits - Life Insurance Cover: Provides financial support to your family in case of your death during the policy term. - Flexible Premium Options: Choose regular, limited-period, or single-premium payment. - Choice of Policy Term: Select a policy term from the available options, subject to eligibility. - Affordable Protection: Premiums depend on your age, policy term, sum assured, and underwriting assessment. - No Maturity Benefit: No maturity amount is payable if you survive until the end of the policy term. Protect Your Family’s Future, Whatever Life Brings.
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YUVA TERM
Strong Protection for Your Family LIC Yuva Term is a pure term insurance plan designed to provide financial protection to your family if you pass away during the policy term. It is intended for young earners who want to secure their family’s financial future with a substantial life insurance cover. You can choose between Level Sum Assured, where the life cover remains the same, and Increasing Sum Assured, where the cover increases according to the policy terms. The plan offers single, regular, and limited premium payment options. You can also choose to receive the death benefit as a lump sum or in instalments, subject to policy conditions. Key Benefits - High Life Cover: Choose insurance protection starting from ₹50 lakh, subject to eligibility. - Two Cover Options: Select a fixed or increasing life cover. - Flexible Premium Payment: Choose single premium, regular premium, or limited premium payment. - Family Financial Security: Help your family manage expenses, loans, and future responsibilities. - Instalment Payout Option: The death benefit can be paid in instalments, subject to policy terms. - No Maturity Benefit: No amount is payable at the end of the policy term if you survive the full term. Start Young. Protect More. Secure Your Family’s Future.
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BIMA KAVACH
High Life Cover for Your Family’s Security LIC Bima Kavach is a pure term insurance plan designed to provide substantial financial protection to your family in case of your unfortunate death during the policy term. The plan offers two cover options: Level Sum Assured, where the life cover remains the same, and Increasing Sum Assured, where the cover increases according to the policy terms. You can choose single, regular, or limited premium payment options to suit your financial planning needs. With life cover available for a term extending up to age 100, the plan is designed for people who want long-term financial protection for their loved ones. It does not provide a maturity benefit if you survive the policy term. Key Benefits - High Life Cover: Minimum basic sum assured of ₹2 crore, subject to eligibility and underwriting. - Two Cover Options: Choose Level Sum Assured or Increasing Sum Assured. - Flexible Premium Payment: Choose single premium, regular premium, or limited premium payment for 5, 10, or 15 years. - Long-Term Protection: Select eligible coverage extending up to age 100. - Life-Stage Cover Enhancement: Under specified conditions, increase your cover at certain life events, such as marriage or the birth of a child. - Death Benefit Options: Choose to receive the death benefit as a lump sum or in instalments, subject to policy terms. Protect More Today. Give Your Family Greater Financial Security Tomorrow.
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NEW JEEVAN AMAR
Reliable Protection for Your Family LIC New Jeevan Amar was a pure term insurance plan designed to provide financial protection to your family in case of your unfortunate death during the policy term. The plan offered two life cover options: Level Sum Assured, where the cover remains the same, and Increasing Sum Assured, where the cover increases according to the policy terms. It also offered flexible premium payment options, including single, regular, and limited premium payments. This plan was designed for individuals who wanted to protect their family’s financial future, help cover outstanding loans, and ensure that their loved ones could manage important expenses in their absence. Key Benefits - Life Insurance Protection: Financial support for your family in case of death during the policy term. - Two Cover Options: Choose between level and increasing life cover. - Flexible Premium Payments: Single, regular, or limited premium payment options. - Instalment Payout Option: The death benefit could be paid in instalments, subject to policy conditions. - Additional Protection: An optional accident benefit rider was available for an additional premium. - No Maturity Benefit: No maturity amount was payable if you survived the policy term. Protect Your Family Today. Secure Their Tomorrow.