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Life Insurance Corporation of India

Term Insurance


Life Insurance Corporation of India (LIC) was created on 1st September, 1956. The objective was to spread life insurance across a wider swathe of the country, particularly in rural areas.

LIC's corporate office, 5 zonal offices, 33 divisional offices and 212 branch offices in 1956 has expanded over the years to having a branch office at each district headquarters in the country. Today LIC functions with 2048 fully computerized branch offices, 100 divisional offices, 7 zonal offices and the corporate office. LIC's Wide Area Network covers 100 divisional offices and connects all the branches through a Metro Area Network.

LIC continues to be the dominant life insurer even in the post-insurance-liberalization era in India. It has crossed many milestones and has set unprecedented performance records in all aspects of the life insurance business.

 

6 Insurance Plan available
Mortgage Redemption
  • For males below the age of 50 years.
  • Without profits policy.
  • Flexible premium paying mode.
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Two Year Temporary Assurance Policy
  • Insurance cover against risk for maximum two years.
  • Single premium payment to cover the entire tenure of the policy.
  • Without profits plan
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The Convertible Term Assurance Policy
  • Converting option into endowment assurance or limited payment whole life assurance.
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Anmol Jeevan-I
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New Bima Gold
  • Premiums paid over the tenure of the policy are paid back i.e. return of premium.
  • Extended term.
  • Optional rider benefit.
  • Auto-cover facility
  • Guaranteed surrender value
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Amulya Jeevan-I
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This Know Your Insurance section covers only those products and sectors that are related to personal finance. The content available here has been collated from existing, publicly available information and are only indicative in nature. They are designed to give the user a general idea of insurers and products. The details given here should NOT be taken as the final word. The user must contact the respective insurer to get full details about any policy or product.

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