WHAT IS LIC’S NEW TECH TERM PLAN?
LIC’s New Tech-Term is a Non-Linked, Without Profit, Pure Protection “Online Term Assurance Plan” which provides financial protection to the insured’s family in case of his/her unfortunate demise. This plan will be available through online application process only and no intermediaries will be involved.
LIC’S NEW TECH TERM INSURANCE PLAN
coverage at low cost
& non-tobacco users
WHY BUY A TERM PLAN?
Term insurance is a straightforward life insurance product that provides risk coverage during a fixed term which is the policy term. The main purpose of a term insurance plan is to provide financial protection to the beneficiaries of the insured individual by paying death benefit upon his/her unfortunate death during the policy term.
HIGH RISK COVER AT LOW PREMIUM
A term insurance plan provides high risk coverage at a low premium, as compared to other forms of life insurance. Such a product is considered the cornerstone of one’s financial portfolio.
FINANCIAL SUPPORT TO DEPENDENTS
A term insurance plan can provide valuable financial support to the dependents of the insured individual in the event of his/her unfortunate demise, and help dependents maintain their lifestyle and pursue financial goals.
COVER FINANCIAL LIABILITIES
Many of us have some sort of financial liabilities. Having term insurance helps insured individual to ensure that these liabilities are not passed on to dependents after his/her lifetime.