Buying LIC Policies Online (9886568000)

Click to buy LIC Policies Online

Life Insurance Corporation of India (LIC) has been a trusted name in the insurance industry for decades, offering a range of policies to meet diverse needs. With the advent of technology, purchasing LIC policies has become easier and more convenient through online platforms. This article provides a detailed overview of buying LIC policies online, the latest policies available, key considerations before purchasing, and a specific contact for assistance. Additionally, we will cover the details of online LIC term plans, along with frequently asked questions.

Buying LIC Policies Online (Call: 9886568000)

Buying LIC policies online offers numerous advantages, including:

• Convenience: Purchase policies from the comfort of your home without visiting an LIC office.
• Time-Saving: Complete the process quickly using digital platforms.
• Transparency: Access all policy details and documents online, ensuring clarity and informed decision-making.
• Secure Payments: Use secure online payment methods, reducing the risk of fraud.

All LIC policies are available, call 9886568000.

Here are some of the latest LIC policies you can buy online:

1. LIC Tech Term Plan: A non-linked, non-participating, pure risk premium plan that provides financial protection to the insured’s family in case of his/her unfortunate demise during the policy term.
   • Eligibility: minimum age 18 years, maximum age 65 years.
   • Policy Term: 10 to 40 years.
   • Sum Assured: Minimum ₹50,00,000.
2. LIC Jeevan Amar: A term insurance plan offering flexibility to choose from two death benefit options.
   • Eligibility: minimum age 18 years, maximum age 65 years.
   • Policy Term: 10 to 40 years.
   • Sum Assured: Minimum ₹25,00,000.
3. LIC New Jeevan Anand: A participating non-linked plan that offers an attractive combination of protection and savings.
   • Eligibility: minimum age 18 years, maximum age 50 years.
   • Policy Term: 15 to 35 years.
   • Sum Assured: Minimum ₹1,00,000.
4. LIC Jeevan Labh: A limited premium paying, non-linked, with-profits endowment plan that provides a combination of protection and savings.
   • Eligibility: Minimum age 8 years, maximum age 59 years.
   • Policy Term: 16, 21, 25 years.
   • Sum Assured: Minimum ₹2,00,000.

Things to Remember When Buying an LIC Policy Online

Before purchasing an LIC policy online, keep the following points in mind:

1. Assess Your Needs: Determine your financial goals, family needs, and future plans. Choose a policy that aligns with these objectives.
2. Compare Policies: Use LIC’s online comparison tool to evaluate different policies based on premium, benefits, and coverage.
3. Read the Fine Print: Carefully read the terms and conditions of the policy. Understand the exclusions, waiting periods, and premium payment terms.
4. Check the Claim Settlement Ratio: LIC has a high claim settlement ratio, but it’s always good to review this to ensure reliability.
5. Use Official Channels: Purchase policies only through the official LIC website or authorized agents to avoid fraud.
6. Keep Documents Ready: Ensure you have all necessary documents like ID proof, address proof, and income proof, ready for a smooth application process.
7. Seek Professional advice. If unsure, consult an LIC agent or financial advisor. For personalized assistance, you can contact Shivakumar at 9886568000.

Buying LIC Policies Online – LIC Term Plan Details

LIC offers several term plans online, designed to provide financial security to the insured’s family. Here are the key details of popular term plans:

LIC Tech Term Plan:

• Death Benefit: Sum Assured payable on death during the policy term.
• Premium Payment Options: Regular, single, or limited premium payment.
• Riders: Accidental death benefit rider available.

LIC Jeevan Amar:

• Death Benefit Options: Level Sum Assured and Increasing Sum Assured.
• Premium Payment Modes: Regular, Limited, or Single Premium.
• Riders: Accidental death benefit rider and critical illness rider available.

Application Process:

1. Visit the LIC official website: Go to the LIC portal and select the desired term plan.
2. Fill in the Details: Provide personal, health, and nominee details.
3. Calculate Premium: Use the online calculator to estimate the premium.
4. Submit Documents: Upload necessary documents for verification.
5. Payment: Pay the premium using secure online payment options.
6. Receive Policy: Once the application is processed, the policy document will be emailed to you.

Frequently Asked Questions (FAQ)

Q1: Can I buy an LIC policy online without an agent? A: Yes, LIC policies can be purchased online directly through the official LIC website without the need for an agent.

Q2: What is the claim settlement ratio of LIC? A: As of the latest reports, LIC has a claim settlement ratio of over 98%, reflecting its reliability in processing claims.

Q3: Are online LIC policies cheaper than offline policies? A: Online policies may sometimes have lower premiums due to reduced administrative costs.

Q4: Can I cancel my LIC policy purchased online? A: Yes, LIC offers a free look period during which you can cancel the policy and get a refund.

Q5: How can I check my policy status online? A: Policyholders can check their policy status through the LIC e-services portal by logging in with their policy number and registered mobile number.

Q6: Is it safe to buy LIC policies online? A: Yes, purchasing LIC policies online is safe and secure if done through the official LIC website.

Buying LIC policies online is a convenient and efficient way to secure your financial future. By understanding the available policies, considering key factors, and using trusted sources, you can make an informed decision. For personalized assistance, feel free to call Shivakumar at 9886568000. Embrace the digital era and take advantage of the ease and transparency offered by LIC’s online services.

For more detailed information, you can visit the LIC official website and explore their online policy offerings.

 

Buying LIC Policies Online