Life Insurance Corporation (LIC) will sell its policy through the Internet for the first time with the launch of a pure term plan next month.
“The online term plan is ready. We had some issues that we have sorted out. It should be launched by the end of next month,” said acting chairman of LIC, Mr D. K. Mehrotra.
“The online term plan is ready. We had some issues that we have sorted out. It should be launched by the end of next month,” said acting chairman of LIC, Mr D. K. Mehrotra.
The premium rates of the online term plan are expected to be lower than what the company charges for the offline term plans.
Unlike other insurance companies, LIC of India spreads its activities allover India, even the nooks and corners of India and the benefits of new pure term life insurance will get more people both urban and rural people.
The premium of the LIC online term life insurance plan also may low to compete with all other insurance companies. Aviva I Life term life insurance plan and other insurance companies’ pure term life insurance plans offer Rs. 3000 to Rs. 3500 annual premium for 25 lakh sum assured for non smokers ( premium varies as per age, smoking habits, sum assured and other related conditions)
We hope that this new online term life insurance plan from LIC of India also welcome by people of India.
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