LIC introduced new Tech Term Policy, Read Full Information

LIC introduced new Tech Term Policy, its benefits are amazing

LIC means Life Insurance Corporation of India, there are many policies that benefit according to different needs. Today we are going to tell you about one such special policy which will be helpful in providing financial security to your family.

Actually Life Insurance Corporation of India has launched a new term insurance plan Take Term. Explain that this is a pure protection online term insurance policy, which provides financial security to the family of the policy holder.

Actually this Tech Term Policy can only be purchased online and there are no middlemen involved. Let us know that the sale of the Tech Term Plan has started from September 1, 2019.

What age person can take it

Let us tell you that this is the number 854 of the Take Term Plan. The UIN number is 512N333V01. Actually, the policy term of LIC Tech Term Plan will last from 10 years to 40 years, customers can choose it according to their convenience.

Please tell that this insurance plan can be taken by people between the age of 18 years and 65 years. However, the maximum maturity age has been kept at 80 years in the Tech Term of LIC.

Plan to buy minimum amount of Rs.

It is known that for the Tech Term policy, you have to buy a plan with a minimum assured of Rs 50 lakh. Yes, there is no limit to the maximum sum assured. Explain that the policy holder will have 2 options to pay the premium. If they wish, they can pay the premium annually or annually.

There will be different premium for smoker and non-smoker

Let us tell you that different premiums have been fixed for Smoker and Non-Smoker in the Take Term Plan. Yes, in fact, the premium will be higher for the smoker, while for the non-smoker, the premium will be less. Not only this, in addition to this the premium will be more for the male and less for the female.

2 options to claim

It is known that apart from this, there will be 2 options for payment at the time of claim. In fact, the death benefit has also been given the option of giving installments or lump sum to the victim’s family. However, nothing will be available if the policy holder survives. This is because it is a term plan.

This term plan will be available only online

For your information, let us know that you can take the Take Term Plan online, not offline only. Actually, to buy online, you have to go to the official website of LIC, www.licindia.in.

Not only this, income tax exemption will also be available under section 80C under this plan. Explain that no loan facility will be available in this policy. At the same time, premium can be paid through online net-banking / credit card / debit card.