LIC Term Insurance Plans
Pure protection plans: a large life cover for a small premium. If something happens to the life assured during the term, the family receives the sum assured. Best for every earning member and anyone with a home loan or dependants.
Term insurance is the most important policy for any earning person. It gives your family a large lump sum if something happens to you, for a premium that is a fraction of a savings plan. In the Chandigarh tri-city, where many young families have home loans in Zirakpur, Mohali and Panchkula, a term plan is the first policy we recommend.
How much cover is right?
A common guideline is 10–15 times your annual income plus outstanding loans. Use our life cover calculator to see your exact need.
Online or through an agent?
LIC sells term plans both online (New Tech-Term, Digi Term) and through agents (Yuva Term, Bima Kavach, Jeevan Raksha). Through an agent you get help with medicals, correct disclosure and – most importantly – claim support for your family.
Current LIC term insurance plans
LIC New Tech-Term
LIC’s online term insurance – big cover at low premium, special rates for women and non-smokers.
View details »LIC Yuva Term & Digi Term
LIC’s newer term plans aimed at young earners – offline (Yuva Term) and online (Digi Term).
View details »LIC Saral Jeevan Bima
IRDAI standard term plan – simple features, easy for first-time buyers.
View details »Other plans in this category
- LIC Jeevan Raksha (launched Sep 2026) (Plan 894) – ask us for details
- LIC Bima Kavach (Plan 887) – ask us for details
- LIC Digi Credit Life (Plan 878) – ask us for details
- LIC Yuva Credit Life (Plan 877) – ask us for details
Recently withdrawn plans
These plans are no longer available for new buyers. Existing policyholders continue as per their policy terms.
- LIC New Jeevan Amar (Plan 955) – withdrawn in the financial year 2026-27
FAQs
Which Term Insurance Plans is right for me?
Apni details bhejiye – Vedpal Singh aapko call karke sahi plan batayenge.