LIC Term Assurance Plans
Pure protection life cover offering massive financial security for family members at ultra-low online premium rates.
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Table 854
Pure Protection
LIC Tech Term
Pure Life Protection With High Sum Assured at Affordable Rates
- Huge life cover at minimal premiums
- Discounted rates for non-smokers and high sum assured
- Level Sum Assured or Increasing Sum Assured option
Table 876
Online Exclusive
LIC Digi Term
Online Pure Protection Term Plan with Level & Increasing Sum Assured
- Special discounted online rates for non-smokers and women
- Options for Level Sum Assured or Increasing Sum Assured (10% increase every 5 yrs)
- Regular, Limited (PPT = Term - 5 or Term - 10), and Single pay options
Table 870
Return of Premium
LIC Jeevan Kiran
Pure Life Protection Term Plan with 100% Return of Premium (ROP)
- 100% Return of all base premiums paid on surviving the policy term
- High life cover up to age 80 with Regular and Single pay options
- Lower premium rates for non-smokers and female lives
Table 955
High Life Cover
LIC New Jeevan Amar
High Sum Assured Offline Pure Protection Term Assurance Plan
- High life cover available up to age 80
- Level Sum Assured & Increasing Sum Assured (increases 10% per year from 6th to 15th yr)
- Regular, Limited (PPT = Term - 5, Term - 10), and Single pay options
Table 875
Youth Special
LIC Yuva Term
Non-Par Pure Risk Premium Term Plan for Young Professionals
- Attractive online discount rates for young breadwinners
- High Sum Assured rebate for ₹1 Crore and above
- Level Sum Assured throughout policy tenure
Table 859
Standard Term
LIC Saral Jeevan Bima
Standard Term Insurance with Simple Terms for Everyone
- Standard term insurance policy with simple terms
- Sum Assured from ₹5 Lakhs to ₹25 Lakhs
- Regular, Limited, and Single Premium options
Explore Other LIC Policy Categories
Compare options across other life insurance planning categories.
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Endowment Plans
Guaranteed savings with bonus additions
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Whole Life Plans
Lifelong coverage and pension till age 100
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Money Back Plans
Periodic liquidity payouts every 5 years
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Pension & Annuity Plans
Guaranteed lifelong retirement pension
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Frequently Asked Questions about Term Assurance Plans
Learn how term assurance plans work, bonus declarations, tax rules, and claim procedures.
Q1: What is a Term Assurance Plan and why is it essential?
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A Term Assurance plan is pure risk life cover. It offers a large sum assured (e.g. ₹1 Crore+) at a very low annual premium, providing a financial safety net for your family in case of your untimely demise.
Q2: How much term insurance cover should I purchase?
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Financial planners recommend buying term life cover equal to at least 15 to 20 times your annual income, plus your outstanding loans and liabilities. You can use our Human Life Value (HLV) calculator to get the exact amount.
Q3: Are premiums paid on Term Insurance eligible for tax deduction?
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Yes. Premiums paid are eligible for deduction under Section 80C up to ₹1,50,000 per financial year under the Old Tax Regime.
Q4: What happens if I survive the term insurance policy period?
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Pure term plans like LIC Tech Term (854) and Yuva Term (875) have ₹0 maturity value on survival, which is why their premiums are so affordable.