LIC e-Term Plan

LIC’s e-Term is a regular premium non-participating “on-line term assurance policy” which provides financial protection to the insured’s family in case of his/her unfortunate demise. This plan will be available through on-line application process only and no intermediaries will be involved.


Death Benefit: In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable.

Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.

Eligibility Conditions and Other Restriction :

  • Minimum Sum Assured -Rs. 25,00,000 for Aggregate category; Rs. 50,00,000 for Non-smoker category
  • Minimum policy term -10 years
  • Maximum policy term -35 years
  • Mode of payment -Premiums are to be paid annually.
  • Eligible life -Proposal on own life only will be considered; Key Man Insurance (KMI)/ Partnership/ Employer-Employee Cover will not be allowed.