OneAssure

Term Insurance

Life Insurance Corporation of India

Compare Life Insurance Corporation of India term plans, benefits, claims and renewal support in one place.

1.98

Solvency

98.66

ICR

0.23

Growth

3,384,589.98

AUM

Get your term insurance quote

Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

No

Get your term insurance quote

Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

No

1.98

Solvency

98.66

ICR

0.23

Growth

3,384,589.98

AUM

Review

Life Insurance Corporation of India Review

Our take on insurer strength, service and claim support.

Final Verdict

Life Insurance Corporation of India (LIC) offers a variety of insurance plans, including term assurance, endowment, and whole life policies. Their New Tech Term plan provides options for level or increasing sum assured, flexible premium payment terms, and the choice to receive benefits in installments. Additionally, LIC's Jeevan Utsav plan features guaranteed annual payouts and whole life insurance with limited premium payment terms. However, LIC's term plans may be priced higher compared to other products in the market.

Life Insurance Corporation of India (LIC) offers a variety of insurance plans, including term assurance, endowment, and whole life policies. Their New Tech Term plan provides options for level or increasing sum assured, flexible premium payment terms, and the choice to receive benefits in installments. Additionally, LIC's Jeevan Utsav plan features guaranteed annual payouts and whole life insurance with limited premium payment terms. However, LIC's term plans may be priced higher compared to other products...

About

About Life Insurance Corporation of India

Life Insurance Corporation of India (LIC) is a state-owned life insurance company established in 1956. Life Insurance Corporation of India (LIC) was founded by the Government of India,through the integration of several private insurance companies.LIC offers a wide range of insurance products, including plans for life protection, pension, and investment. LIC is recognized for its trustworthiness and strong customer base, providing financial security to millions. It plays a pivotal role in the country’s insurance sector and aims to deliver value to its customers through reliable services and customer-centric policies.

Life Insurance Corporation of India (LIC) is a state-owned life insurance company established in 1956. Life Insurance Corporation of India (LIC) was founded by the Government of India,through the integration of several private insurance companies. LIC offers a wide range of insurance products, including plans for life protection, pension, and investment. LIC is recognized for its trustworthiness and strong customer base, providing financial security to millions. It plays a pivotal role in the country’s insurance...

Features & Exclusions

Life Insurance Corporation of India Pros and Cons

Diverse Plans

Offers a variety of plans for family protection, wealth creation, and retirement, catering to different customer needs.

Limited Online Interaction

Though LIC has an online presence, certain processes may still require in-person interaction or paperwork.

Long-Term Security

Many plans offer long-term benefits with guaranteed payouts and additions, ensuring financial stability over time.

Higher Premiums

Premiums for certain policies may be higher compared to newer private insurance companies, impacting affordability for some customers.

Pros

Not available

Limited Flexibility

Some plans are rigid, offering little room for modification once selected, which may not suit evolving needs.

Diverse Plans

Offers a variety of plans for family protection, wealth creation, and retirement, catering to different customer needs.

Long-Term Security

Many plans offer long-term benefits with guaranteed payouts and additions, ensuring financial stability over time.

Limited Online Interaction

Though LIC has an online presence, certain processes may still require in-person interaction or paperwork.

Higher Premiums

Premiums for certain policies may be higher compared to newer private insurance companies, impacting affordability for some customers.

Limited Flexibility

Some plans are rigid, offering little room for modification once selected, which may not suit evolving needs.

Testimonials

Life Insurance Corporation of India Customer Testimonials

Customer feedback and experiences.

Have been associated with Ruchir and his team… They have provided me excellent guidance in choosing the right plans for myself and my family……always been available to assist with any insurance/claim queries.

Nakul N

I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.

Prashant Pandey

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.Thank you once again for your invaluable help, highly recommended!

Yogesh Meena

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

OneAssure helped me understand my needs and choose a product that was right for me. There was no pressure tactics or mis-selling. This experience was respectful, informed, and completely stress-free.

Shreya Goyal

Had a great experience with OneAssure during my insurance claim process. A special shoutout to Sunad Raj for his exceptional support, he was professional, responsive, and guided me every step of the way. Thanks to his consistent follow-ups and clear guidance, the entire claim settlement was smooth and hassle-free. Highly recommend OneAssure for their service and transparency!

Sanjay Dakalia

The team is very professional and prompt. I would have all my health and life insurance needs met through them.

Harish Jindal

Very professional service from Ruchir & Aman. They were recommended by a friend who had a positive experience with them. I have taken both health and life policies through them and they have advised me well throughout the process and found the best options available in the market. I had a medical condition due to which it was difficult to find a suitable health policy in the market, however this team was able to find one for me. I would recommend their services to anyone looking to buy health or life insurance.

Siddhartha Saha

Wonderful experience with Prost. Right from suggesting the insurance products to claim process the entire experience hai been seamless. They do not mis-sell and are very transparent. Sundar Raj from the team has been wonderful and ensured prompt guidance. All the best Ruchir and keep up the good work!

Adarsh Ravindranathan

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Life Insurance Corporation of India Plans

LIC Saral Jeevan Bima

LIC Jeevan Kiran

LIC New Jeevan Amar

LIC Saral Jeevan Bima

LIC Jeevan Kiran

LIC New Jeevan Amar

Documents Required

KYC Required

Pan Card No.

Aadhar Card

Recent Photograph

Cancelled Cheque with Name Printed

Bank Statements

Salary Slip of Latest 3 Months

Covid Vaccination

Pan Card No.

Aadhar Card

Recent Photograph

Claim Process

Claim Settlement Process

Steps and flow followed by the insurer.

Term Cover Calculator

Insurance Premium Calculator

Our insurance experts are here to help you make the right choice with personalized recommendations.

Term Cover Calculator

Age

Cover Till

Monthly Expenses

Current Annual Income

Current Savings

Outstanding Loans

How to Buy

Purchase flow from OneAssure.

Things to Remember

Keep KYC documents and nominee details ready before purchase.

Renewal

Life Insurance Corporation of India Renewal

Renewal steps and key points.

Key Renewal Points

Keep policy number and details handy. Pay premium timely to avoid lapse. Retain payment receipt for future reference. Contact LIC support for renewal assistance. Store policy documents and receipts securely.

Claim Denial

Life Insurance Corporation of India Claim Denial

Important points that can impact claim outcomes.

Things to Remember

Always disclose details accurately and keep documents complete.

FAQs

Frequently Asked Questions

Got questions about health insurance? You’re not alone. Here are some of the most commonly asked questions to help you understand plans, coverage, claims, and benefits better.