Lic e Term Policy 825 Policy – Review, Benefits, Features

LIC e Term Insurance Plan 825 Review

LIC e Term Policy recently released for online buyers. It is a pure LIC online e term insurance plan. Customers can buy this LIC e Term Policy plan no 825 through ONLINE Only. Customers do not have a chance to buy through an agent or lic office. It is a pure lic term plan. Lic e Term Plan introduced by Lic’s Premium which is very less compared to Amulya Jeevan and Anmol Jeevan term insurance policies. This Policy is a traditional Pure Protection Plan. Lic e-Term Plan will not participate in profits so no bonus only sum assured is payable.

You can calculate the Lic e term plan Premium that has to be paid to get all the benefits available under this plan and maturity amount you will get after completion of your maturity period using lic e term premium plan calculator. You can also calculate Cash value, Loan value, Bonuses using e term lic premium calculator. You need to give basic information about Your Name & Age, Policy Period and Sum Assured to calculate premium using lic e term calculator.

LIC e Term Policy 825 Parameters

Age	Minimum Age at Entry: 18 years. Maximum Age at Entry: 60 years. Maximum Coverage Age: 75 years.
Policy Term	Minimum Policy Term: 10 years. Maximum Policy Term: 35 years.
Sum Assured	Minimum Sum Assured: 25,00,000 /- (25 Lakhs) for  Aggregate Category(Non Smoker and Smoker). Minimum Sum Assured: 50,00,000 /- (50 Lakhs) for Non-Smoker Category. Maximum Sum Assured: No Limit.
Premium Payment Mode	Yearly (only paid through online).

LIC e Term Insurance Plan Benefits

Survival Benefits:

On Survival to the end of the policy term, nothing shall be payable.

Death Benefits:

If Death Occurs during the term of the policy Sum Assured is Payable.

No Bonuses in Term Insurance.

Additional e Term Plan details

Lic e Term Policy divided customers into 2 categories

1. Aggregate Category: Sum Assured below 50 Lakhs all comes under the aggregate category.
2. Non-smoker category: Sum Assured above 50 Lakhs Customer has a chance to choose either aggregate or Non-smoker category. In Non-smoker Category premium is less than aggregate category. Non-smoke category customer will have to undergo additional medical test named Urinary Cotinine Test.

Lic e Term Policy Rebates

No Rebates are available in this policy.

Lic e Term Premium Calculator

You can calculate the premium that has to be paid to get all the benefits available to this policy and maturity amount you will get after completion of the policy period using Lic e term Premium and Maturity Calculator.

Name
Email ID
Mobile No
Age
Term
Sum Assured
Category	Aggregate Non Smoker

LIC e term 825 Plan Purchase Procedure

LIC e-Term Policy cannot be purchased through Agent or LIC Office or Intermediate services.

No credit to Agents and Development officers also.

Lic e Term Policy Paid Up Value

No Paid up value in this policy.

Lic e Term Policy Surrender Value

As there is no paid up value in this policy, surrender value is zero.

Lic e Term policy Revivals

If the Premium is not paid within a grace period of 1 month then policy lapses.  He can revive the policy within 2 years from the date of first unpaid premium.

Lic e Term Policy Loan value

No Loan will be provided under this policy.

Suicide clause

No amount will be paid if committed suicide before 1 year from date of commencement of policy.

80% of premium what he paid will be returned to the customer.

Tax Related

Service Tax on Premium: 12.36%

Tax Savings: As per 80c and 10 10D premium is tax exempted. For information about Tax Insurance Policies refer www.taxqueries.in

e Term Policy Sample Data Compared with Amulya Jeevan and Anmol Jeevan

Example: If you have taken this policy for Age of 30 years, Policy term of 20 years and  sum assured as 25 lakhs then,

Premium for Anmol Jeevan 2

for 24 lakhs 8,144 Rs./- [7248 +896 tax]

Premium for Amulya Jeevan 2

for 25 lakhs is 4,607 Rs /-  [4100 + 507 tax]

Premium for Lic e Term Policy

for 25 lakhs is  3,905 Rs/- [3475+ 417+13]

For more details about LIC Money back policy 20 years click on below link.

LIC e Term Policy

Related Lic Term Insurance Plans

Lic Amulya Jeevan 2 policy

Lic Anmol Jeevan 2 policy