Sum Level Assuredction" id="Key_Features">Key Featuresd non-participating term insurance plan. LIC already have few term insurance plans in its portfolio namely LIC e-Term – Pure Online term plan, LIC Amulya Jeevan – II, LIC New Jeevan Mangal, LIC Anmol Jeevan – II and LIC Bhagya Lakshmi. The new term plans comes with new features aim to compete with the private insurance players.
Term Insurance means where the family (nominee) would get the sum assured on the death of the insured person. There are no survival benefits of the policy. Term plans comes with low premium compared to other insurance plans such as ULIPS, Endowment plans etc.
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