Is medical test required for LIC Tech term plan?

Can I buy without the medical test? You can buy LIC Tech Term Plan without undergoing medical examination (non-medical scheme) subject to meeting the following conditions. If you are between 18 and 35 years of age and have annual income > 3 lacs, you can purchase life cover up to 75 lacs without undergoing medicals.

How can I change my nominee in LIC Tech term plan?

You can change the nominee any number of times. In order to change your beneficiary, you will have to provide a notice to the Life Insurance Corporation (LIC) of India in a form called Form 3750. You will have to mention the details of the person you wish to endorse as the nominee of your insurance policy.

What is the eligibility criteria for LIC Jeevan Amar Plan?

Eligibility for LIC Jeevan Amar Plan Parameters Details Policy Tenure 10-40 years Premium Paying Term Regular Premium: Same as the policy term Premium Paying Mode Quarterly, Monthly, Half Yearly and Year Entry Age Min – 18 years (last birthday) Max – 65

What is Jeevan Amar Term Assurance Plan 855?

LIC’s Jeevan Amar (Plan 855) is a newly introduced innovative Term Assurance / Pure Protection Plan. This plan offers more features, options, and flexibility to policyholders compared to other term plans. Term plans or pure protection plans offer high insurance coverage at a low premium. Jeevan Amar is an offline term plan.

Why Jeevan Amar is the best life insurance plan?

LIC’s Jeevan Amar, being a pure protection plan, offers life cover to the policyholder at a very affordable price and ensures financial support for the family in case of unfortunate death of the policyholder during the policy term.

What is the value of the sum assured in LIC policy?

The value of sum assured is either level sum assured or increasing sum assured, and the Corporation communicates the proceeds in due course of time. One can stay in touch with the LIC agent to make the most of this rider. What are the documents required to buy this policy?