What is LIC’s Term Plan Policy? 18 May 2014 | LIC New PLans · LIC Policy · Term Plan Tags: Term · Term · Term Plan What is LIC’s Term Policy? LIC’s Term policy is a pure life cover policy. Under this insurance policy, against payment of regular premium, the insurer agrees to pay your beneficiaries the sum assured in event of your premature death during policy term. However, if you survive till the end of the policy term, nothing is payable to you. Who should buy Term Insurance? Term insurance policies are best suited for working individuals who have dependents (Children, parents) and are looking for a considerable sum of protection against uncertainties of life (death) at fairly low prices. Term insurance plans fulfill the basic purpose of any life insurance policy by providing financial security for the applicant and his family. Where can I contact / write to know the status of my application? You can write to us at nandnibee@gmail.com or call ou...
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