Contents
- 1 LIC E Term Policy 825 Introduction
- 2 Benefits of LIC E Term Policy 825
- 3 Terms and Eligibility conditions of LIC E Term Policy 825
- 4 Additional Information of LIC E Term Policy 825
- 5 Buying Procedure for LIC E Term Policy 825
- 6 LIC E Term Policy Premium Calculator
- 7 Example of LIC E term policy 825
- 8 Claim Procedure For LIC E Term Policy 825:
- 9 FAQ’S of LIC E Term Policy 825
LIC E Term Policy 825 Introduction
LIC E Term Policy 825 is a regular premium policy which provides financial protection to insured’s family in case of his/her unfortunate death. LIC E Term Policy Status will be available through online application process only and no mediators are involved in this policy.
E Term Policy LIC is pure term insurance policy with very less premium compared to other LIC policies such as amulya jeevan and anmol jeevan term insurance policies. Under this LIC E Term Policy 825 plan, there are two categories of premium rates namely (1) Aggregate lives & (2) Non-smoker lives.
According to LIC E Term Policy 825 the application of Non-smoker rates shall be based on the findings of the Urinary Cotinine test and in all other cases the Aggregate premium rates shall be applicable.
You can calculate the LIC E Term Policy Premium that has to be paid to get all the benefits available under this policy by using lic e term policy premium calculator.
Benefits of LIC E Term Policy 825
Benefits under the LIC E Term Policy plan no 825 are
- Death Benefits: If in case of any unfortunate death of the Life Assured during the policy term then the Sum Assured shall be payable. In LIC E Term Policy 825 death benefit will be equal to Sum Assured.
- Maturity Benefits: There is no maturity benefit under this plan, nothing is paid at the end of policy term.
Terms and Eligibility conditions of LIC E Term Policy 825
| Entry age |
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| Policy Term |
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| Minimum Sum assured |
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| Maximum Sum assured |
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| Maximum Coverage Age |
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| Premium Payment Mode |
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| Tax Benefits |
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| Grace Period |
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| Cooling off period |
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| Eligible Life |
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| Details needed while filling online application form. |
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Additional Information of LIC E Term Policy 825
Under this lic e term policy there are two categories. There are
- Aggregate lives: In this category you can buy a premium upto sum assured of 49 lakhs whether you are smoker or non smoker.
- Non-Smoker lives: In Non-smoker Category the premium is less than aggregate category and if your sum assured is 50 lakhs and above then the policyholder comes under this category.
- No other Bonus is payable under this LIC E term policy no 825
- Paid up value: No paid up value is provided Under this LIC E term plan 825
- Surrender benefits: Under this LIC E term policy plan no 825 surrender benefits are zero
- Loan Facility: In LIC E term policy plan no 825, Loan Facility is not available
- Proposal of policy on your own life will only be considered.
- Medical test: Requirement of medical test will be based on types of categories.
- LIC E term policy 825 cannot be purchased through any agent or LIC officer or any intermediate services.
- Policy Revival:If the premium is not paid by you within the grace period then the policy will lapse. If you are interested to continue this policy then you can revive your policy on or before 2 years from date of first Unpaid premium.
- Suicide clause: If the policy holder commits suicide for any of the reasons within 12 months of date of commencement of policy, then 80% of premium for what he had paid will be returned to nominees or assignees.
Buying Procedure for LIC E Term Policy 825
- LIC E term policy 825 is only through online procedure.
- You must be a citizen of India while buying a plan and if required you need to undergo the health check up.
- By visiting the homepage of LIC E term policy no 825 you can buy the policy or directly log on to http://e2e.licindia.in:8080/OnlineTerm/start.do#
- After opening the page select the option of new user and mark on two options if you are residing in India, next click on confirm to continue and proceed.
- Now fill the details of sum assured, date of birth and policy term to calculate your premium yearly and click on proceed to continue next step.
- Fill your personal details and contact information. Please remember that this online purchase is set for some cities only. So, if you are not belonging to any of the cities mentioned in drop down then select city which is nearest to you.
- Now, access ID will be generated which will be sent to your mobile number and email id.
- Finally proceed for buying it through net-banking/credit card/debit card.
LIC E Term Policy Premium Calculator
In LIC E term policy 825 to calculate the premium rates the following details are required.
Name:
Age :
Policy term :
E-Mail Id:
Mobile Number:
Sum assured :
Category:
Example of LIC E term policy 825
Gokul who is residing in India had decided to purchase a E term policy 825. Details of Gokul are as follows:
Age : 25 years
Term : 15 years
Sum assured : Rs. 25 lakhs
- In LIC E term policy no 825 there are two categories. One is aggregate and other is Non-smoker lives. Obviously, Gokul comes under Aggregate category because the total sum assured is not exceeding 49 lakhs and above. Now,the premium has to pay yearly with or without tax by Gokul is given in below table.
LIC E term policy 825 Yearly Premium calculator Table
| Premium | Without Tax | Tax | With Tax |
| Yearly Premium | 2500 | 309 | 2809 |
- Required medical details of Gokul are given below
LIC E Term policy 825 medical requirements Table
| Medical Requirements |
| FBS, Lipidogram Elisa for HIV, Hb% (Rs. 1140) |
- If in case any accidental death or natural death occurs during policy term then maturity and death benefits are,
LIC E Term Policy Maturity And Death Benefits Table
| Natural/Accident Death Benefit | Rs.25,00,000 |
| Maturity Benefit | 0 |
If in case Gokul decided to purchase LIC E Term Policy 825 with sum assured of Rs. 50 lakhs then gokul comes under the category of Non-smoker lives then the premium details of this category are as follows
Sum assured : Rs.50 lakhs
Age : 25
Term : 15 years
- Now,the premium has to pay yearly with or without tax by Gokul is given in below table
LIC E term policy 825 Yearly Premium calculator Table
| Premium | Without Tax | Tax | With tax |
| Yearly Premium | 3500 | 432.6 | 3932.6 |
- Required medical details of Gokul are given below
online term policy from lic medical requirements Table
| Medical Requirements |
| Rest ECG, SBT-13, RUA, Hb% (Rs.1170) |
- If in case any accidental or natural death occurs during policy term then maturity and death benefits are :
LIC E Term Policy Maturity And Death Benefits Table
| Natural/Accident Death Benefit | Rs.50 lakhs |
| Maturity Benefit | 0 |
Claim Procedure For LIC E Term Policy 825:
The documents required for claim procedure under online term policy from lic are given below
- NEFT form
- Discharge form
- Cancel check or Bank Pass book xerox
- Policy bond
- Death certificate
FAQ’S of LIC E Term Policy 825
Can a nominee be a minor?
Yes, and a major has to be provided for minor nominee.
How can I pay subsequent premium?
The premium can be paid either by net banking or credit cards or debit cards.
If I am travelling for abroad for vacation then am I applicable to cover under this policy?
Yes, If once your policy is issued then you will be covered across globe even if you get any job opportunity you are applicable to continue this policy.
Can I buy one more policy?
Yes, you can buy another policy with your name.
For more details about LIC Money back policy 20 years click on below link.