State-owned life insurer Life Insurance Corporation of India (LIC) holds the reputation of being the largest life insurance company in India. Despite the entry of other firms in the life insurance industry, LIC continues to hold a dominant position in the market. The company has a strong product lineup with different types of policies. Among the different types of policies offered by the company, there are term insurance plans, endowment plans, retirement plans, child plans, whole life plans, etc. When choosing a policy, customers can use the premium calculator available on the company’s website and determine their ideal coverage.
The life insurance industry in India is crowded with a large number of players. All the top companies in India have multiple variants of term insurance plans for their customers. Before choosing a policy, customers typically look for the features and benefits available under a specific insurance plan. In addition, the price of the policy is also a major factor taken into consideration. Premium calculators help customers find the cost of a policy without even having to contact the insurer. During the research process, customers can check the cost of multiple policies at the same time and pick the right one that meets their requirements.
The step-by-step instructions for using LIC’s term insurance premium calculator are listed as follows:
Some of the key advantages of using LIC’s term insurance premium calculator are listed as follows:
LIC has the largest customer base in the life insurance industry. The products offered by the company are flexible in terms of sum assured amount and other coverage options. Except for the online term plan, other term plans can be purchased only by visiting the company’s branch office. Once you have found the price of a policy with the help of the premium calculator, you can reach out to the company and get life insurance coverage.
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