LIC e-Term Plan 825 Details with Premium, Benefits and Comparisons
LIC e-Term insurance plan number 825 – Premium, Benefits, Comparisons and Calculators.
Life is full of unexpected ups and downs. At times the unexpected and unfortunate incidents can even affect the life of the bread-winner of the family. And that is when and where term insurance has its role.
LIC’s e-Term is a regular premium pure protection insurance plan, which provides high insurance coverage at considerably low premium. Another main feature of this plan is that, it is the one and only term insurance policy from Life insurance Corporation (LIC) of India, which can be purchased online.
Read more: Jeevan Amar (Plan 855)- Innovative term assurance plan from LIC of India
How much Insurance coverage do I need?
Before deciding on the term insurance plan, it is advisable to find out the amount of Insurance Coverage needed for you. Insurance coverage required for any person can be scientifically evaluated using the human life value (HLV) concept. You can use Human Life Value – calculator to calculate insurance coverage needed for you in few simple steps
LIC e-Term plan – Features and Eligibility conditions.
| Condition | Minimum | Maximum | |
|---|---|---|---|
| 1 | Sum Assured | Rs. 25,00,000 for Aggregate Category | No Limit |
| Rs. 50,00,000 for Non Smoker Category | No Limit | ||
| 2 | Age at entry | 18 years (completed) | 60 years (nearest birthday) |
| 3 | Policy Term | 10 Years | 35 Years |
| 4 | Premium Mode | Only Yearly premium payment mode available | |
| 5 | Mode of Sale | Only online mode and without any intermediaries | |
| 6 | Taxes | GST at the rate of 18 % applicable on premium | |
| www.insurancefunda.in | |||
LIC e-term plan – how to purchase it online – Step by step guide
Check out this video to make purchasing of e-term policy easy.
Premium and Benefit online calculator – LIC e-Term plan
Use premium and benefit calculator of LIC’s e-term plan to understand complete details of the plan. You can click here or on the button provided below to open the LIC ‘s E- Term Policy calculator
Term Insurance policies from LIC of India – A quick comparison.
| Condition | LIC Anmol Jeevan Plan 822 | LIC Amulya Jeevan Plan 823 | LIC e-Term Plan 825 | |
|---|---|---|---|---|
| 1 | Minimum Sum Assured | 6,00,000 | 25,00,000 | 25 lakh/50 lakh |
| 2 | Maximum Sum Assured | 24,00,000 | No limit | No limit |
| 3 | Age | 18 – 55 | 18 – 60 | 18 – 60 |
| 4 | Mode Allowed | Yearly, Half-Yearly | Yearly, Half-Yearly | Yearly only |
| 5 | Term | 5 – 25 | 5 – 35 | 10 – 35 |
| www.insurancefunda.in | ||||
Read more:
Comparison of premium of term insurance policies from LIC
Hover the mouse or click over the infogram shown above to reveal more details.
| Age | Amulya Jeevan | e-Term (Aggregate Category) | e-Term (Non smoker Category) |
|---|---|---|---|
| 30 | 11564 | 9794 | 7139 |
| 35 | 16756 | 14160 | 10561 |
| 40 | 24957 | 21004 | 15871 |
Note# *The benefit illustrations shown above are just for understanding the basic details of the plan. Please go through LIC web site for more details.
Anish L J is a ‘Financial Planner’ and member of Chartered Insurance Institute(CII), London and Insurance Institute of India. He is also a finance, insurance and software consultant. He thoroughly follows the developments in finance, insurance, and other related sectors.