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LIC E TERM POLICY 825 Review

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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
  • Minimum Age – 18 years (completed)
  • Maximum Age – 60 years (Nearest birthday)
Policy Term
  • Minimum-10 years
  • Maximum – 35 years
Minimum Sum assured
  • Rs.25 lakhs (for Aggregate category)
  • Rs.50 lakhs (for Non-smoker category)
Maximum Sum assured
  • No limits for both categories
Maximum Coverage Age
  • 75 years (Nearest Birthday)
Premium Payment Mode
  • Yearly (Payment mode is through online only)
Tax Benefits
  • 12.36% of Service tax is applicable on premium.
Grace Period
  • If the Premium is not paid within the time then a delay of 30 days is extended to pay the premium amount which is grace period.
Cooling off period
  • If you are not satisfied with this policy term you may return the policy within 30 days from the date of receipt of the policy.
Eligible Life
  • The policyholder must be residing in India only.
  • The policyholder must have own earned income.
  • The Person should not be Non-Resident Indian (NRI), Overseas Citizen of India (OCI) or Person of Indian Origin (PIO).
  • One cannot propose for anyone other than self. Key Man Insurance (KMI)/ Partnership/ Employer-Employee Cover will not be allowed.
Details needed while filling online application form.
  • PAN Number is must.
  • Form 16 or ITR of last three years is must.
  • Details of all your existing insurance (irrespective of insurance company)
  • Details of family members.
  • Details of medical history.
  • Details of Bank like Account number and MICR code etc.
  • e Term Access Id – Click on Proceed tab and which asks for 10 Digit Access ID. Provide the same and click on proceed. 

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.

LIC e Term Policy

LIC Anmol Jeevan-II Policy

LIC Amulya Jeevan-II Policy

Comments

    • ZIAUL HAQ says

      Dear you can purchase this plan on line which is cheaper.Claim payment ratio in LIC in every year more than 99%.No other company can give.Now a time LIC launch very low premium term policy so you can benifited it

      Reply

  3. anil singh says

    dear sir i am 30 years old service person, no smoker. please tell me exact premium of Sum Assured 50 lakh

    Reply

  5. TARAK NATH KARMAKAR says

    I want to buy LIC e-term policy within a year with SA 30 lac for 25 years.My DOB is 17.04.1980.please suggest

    Reply

    • bhushan bande says

      My age 41+. DOB 3rd of June 1974. Want lic e term of rupees 40 lakh. For period 34 years .Till completed age 75 years. Kindly provide premium yearly basis and clear what means by with and without tax? .Kindly email on my address your valuable guidance.

      Reply

  6. G. Srinivasa Srikanth says

    I am aged 44 years as on date (My date of Birth is 20/08/1971). I would like to cover my life for Rs. 36 lakhs till my age of 70 years.. I dont smoke. I take Alchohol occasionally (once in a month). I have Lumbor disc problem for the last 10 years. But, I have not undergone any operation till date. I am able to work on my own & I am able to perform all my duties. Please advise me the suitable plan.

    Reply

  13. susanta Kumar mandal says

    I want to buy LIC e-term policy within three months with SA 50 lakh for 15 yrs.Non smoker;DOB 04.01.1975.Plz.suggest& help how I purchase this plan(825 e-term)authentically and safely.My yrly income ₹ 4.5-5 lac.

    Reply

  17. bhushan bande says

    My dob 3rd June 1974. Want lic e term of rupees 40 lakh. For period of 34 years. Till completed age of 75. In aggregate category. Kindly provide premium yearly basis and clear what means by with and without tax? .Kindly email on my address. .thanks.

    Reply

  22. Bhavesh choksi says

    I already buy lic e term plan for 15 days ago but I dont get my policy yet please inquiry about that and iform me please

    Reply

  27. rakesh singh says

    what is the difference between LIC E TERM POLICY 825 vs LIC Anmol Jeevan-II Policy vs LIC Amulya Jeevan-II Policy

    Reply

  31. Manish says

    Sir i want to opt this policy , my DOB is 26/09/1982 & i have left smoking from last month. Now i want to do insurance of 50 lakes. kindly mail me the full detail with pros & cons of this policy.

    Reply

  35. mehul says

    Sir,
    May 1 Crore ki policy Lena chahata hu.us j liye mari annual income kitani honi chahi a..mari salary.per month 34000 he..me online form bhara ne ka try karata hu magar income cam hone se me a policy le nahi pa Raha ..please helf..me

    Reply

  39. V.SANKARANARAYANAN says

    I AM AT THE AGE OF 43 I WANT TO COVER MY LIFE FOR 25 LAKS TILL MY 70 YEARS HOW MUCH WILL BE THE PREMIUM NO SMOKE NO DRUNK

    Reply

  40. M V Srinivasa Murthy says

    I am 59 years ( DOB 29/06/1957 ). I am non smoker and maintain good health. I wish to go in for a Term Policy for 1.00 Crore.with coverage upto 70 years. P.lease furnish the details of the Term Plicy which suits your requirements. .

    Regards,

    M V Srinivasa Murthy

    Reply

  41. M V Srinivasa Murthy says

    I am 59 years ( DOB 29/06/1957 ). I am non smoker and maintain good health. I wish to go in for a Term Policy for 1.00 Crore.with coverage upto 70 years. P.lease furnish the details of the Term Plicy which suits my above requirements. .

    Regards,

    M V Srinivasa Murthy

    Reply

    Reply

  49. pranav rathore says

    i want to take 50 lac policy,
    right now i am in india but next year i will go out of india for 10 year ,so can you please let me know this insurance is for me or not

    Reply

  52. Mirza Anwar Sadat says

    I am 40years old. I want to buy this plan for 35 years.I am a non smoker.please tell me yearly premium.

    Reply

  53. ALPESH PATEL says

    dear sir i am 33 years old service person, no smoker. please tell me exact premium of Sum Assured 50 lakh Reply

    Reply

  54. PRANIL BASAK says

    I AM MR PRANIL BASAK, D/B. 01/05/1971. NOW I WOULD LIKE TO COVER 50 TERM INSURANCE FROM LIC, I DONT SMOKE AND I ALSO DONT DRINK. PLEASE ASSURED ME EXPECTED PREMIUM .

    Reply

  56. Venkatarao T says

    I am searching for 50 lacs term plan. Its look good. My DOB -01/07/1980. Please suggest how much premium will be.

    Reply

  58. Sayan Manna says

    I am a doctor by profession, want to buy this policy. I want to know if it covered death due to any illness or not?

    Reply

  60. Sunil Kumar Rana says

    I non smoker , service man ( state police force), my DOB 01/10/1985. I want buy LIC Eterm policy with SA 25 lack. Please suggest how much premium monthly/yearly &. how submit to medical checkup document..

    Reply

  61. k.k.patra says

    I want to purchase a term policy through online for my daughter.she is doing job in govt sector.really i wanted to purchase a term policy through off line for convenience in future for claim as well as settlement. But no agent is interested to guide me hearing a term plan.kindly guide me

    Reply

  62. AMMU says

    I am interested for buying this 825 plan pls help me

    NEED 50 LKHS COVERAGE AND MY DOB IS 27-10-1973 DURATION 25 YEARS PLZ CALCULATE THE PRIMIEUM ALSO

    Reply

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