Is LIC better or a term plan?

Answer-It is recommended to have at least one term insurance plan because it offers a greater death benefit for the lowest possible premium.

What is the premium for 1 crore term insurance in LIC?

Answer-However, for a life insurance policy worth Rs 1 crore, the annual premium, including GST, is Rs 17,445. Therefore, a person can obtain a life insurance policy with a cover of Rs. 50 lakh by investing Rs. 27 per day for an entire year in a LIC Term Plan Policy.

What is a 1crore term plan?

Answer-A 1cr Term Plan is a term policy with a sum assured of ₹ 1 Crore which is paid as a death benefit to the family/beneficiary in case of the death of the policyholder.

Can I get 1 Crore for life insurance?

Answer-If you acquire it early in life, you can receive a cover for Rs. 1 crore at low premium rates.

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