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How to purchase LIC’s e-Term New Insurance Plan 2014

How to purchase LIC’s e-Term

Step-by-step process to buy LIC’s e-TERM Online:

  • Log-on to our website ( for buying this online product. Click on ‘Buy Online’.  Select e-Term.
  • Choose your desired Sum Assured and the Policy Term (the period for which you want the cover). The Sum Assured will be paid to the nominee on the unfortunate event of the death of the policy-holder.
  • Enter Basic details – Name, Age, Gender, Qualification, etc in the form displayed on your screen.
  • After filling in the details, a premium calculator will calculate the premium for the chosen parameters. The Premium will depend on the age, gender, term, sum-assured, health and tobacco-usage. Lower premium rates are applied to non-tobacco users for Sum Assured more than 50 Lakhs.
  • Premium payment mode – Annual.
  • Complete the form online with these details and pay premium online – at

LIC’s plan is available under two categories — smoker (aggregate) and non-smoker. Under the non-smoker category, the minimum sum assured is Rs.50 lakh. The minimum policy term is 10 years while the maximum policy term is 35 years. For instance, the premium for a 30-year-old non-smoker male with Rs.50 lakh sum assured for a period of 30 years is Rs.8202.

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Last modified: May 27, 2014