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Buy The Best LIC Term Plans

The LIC of India has currently three term plans in the offering providing comprehensive life insurance coverage. The plans are designed keeping in mind individual requirements and are easily available offline and online.Click to know more https://www.coverfox.com/life-insurance/term-insurance/term-insurance-companies/lic-term-insurance/

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Buy The Best LIC Term Plans

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  1. Buy The Best LIC Term Plans

  2. LIC offers five variable options under its term insurance plans and they can be bought traditionally through the branches of LIC. For those who wish a quicker and tech-savvy approach, some plans can be purchased over LIC’s portal as well. These plans feature simple terms and conditions and can be easily availed through minimal or no paperwork. These plans also offer tax benefits on the payment of premiums and the final sum assured that is payable to the nominee. Loans can also be taken in lieu of these term plans and this gamut of offering from LIC is also known as Term Assurance Plans.

  3. Basic Features & Benefits of LIC Term Plans • The oldest and the most trustworthy insurer in India in the public sector • Flexible options in insurance pertaining to term, cover amount and premium payment • Customers can buy selected plans online in the comfort of their homes • Customers can avail of certain tax benefits under relevant sections of the IT Act, 1961 • Some plans can be converted to other plans offered by LIC

  4. The objective of LIC Term Insurance Plan is to ensure Financial safety to every income group at lower price with higher coverage. • The assured should not feel worried about timely payment of coverage, as LIC hold 98.04% of claim settlement ration. Most of the claims registered with LIC of India ae settled with the correct submission of information by the claimant.

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