This question is always in your mind, when you are planning to buy a LIC policy. But now LIC has solved this problem. You can use LIC Online Insurance Advisor and get plan options based on your criteria immediately.
Steps to follow:
1- Go to LIC Insurance Advisor
2- Select what is your requirement from below options (Your Choice)
- Risk Cover with low premium
- Risk Cover with Bonus
- Risk Cover with Guaranteed Returns
- Life long insurance
- High Risk Cover
- Periodic return of Money/Money back
- Insurance for Husband & wife
- Children Education/Marriage
- Insurance linked to Share Market
- Protect Mortgaged property
- Lump Sum Investments
- Insurance for Handicapped/Dependant
- Women Special
- Health Insurance
3- Enter “Age”
4- Select “Gender”
5- Select “Income Group”
6- Select “Occupation”
7- Click “Display Plan List”
Things you should know
1- It’s a good effort by LIC, but still this needs to be improved. e.g.
a) We selected “Women Special” Plan and Gender “M”(Not correct), but still it gave us Jeevan Bharti (Plan 160) Option.
b) We selected “Risk Cover with low premium”, it didn’t give us LIC’s e-TERM PLAN (Plan 825) Option.
2- You can also check Human Life Value and term of insurance.
3- Please note this is not a substitute of LIC Insurance Advisor. Always consult your LIC Insurance Advisor before buying any insurance plan.