LIC Term Plans offer pure life cover from India's most trusted life insurer, backed by decades of claim-settlement reliability and a vast branch network. CoreLink Finance helps you choose the right LIC term plan and sum assured for your family's long-term security.
LIC carries decades of trust and one of the largest policyholder bases in the country.
LIC has a consistently high claim settlement ratio, year after year.
Local branches across India make servicing, assistance, and claims easier for your family.
An LIC Term Plan is a pure life insurance policy from the Life Insurance Corporation of India that pays a lump-sum death benefit to your nominee if something happens to you during the policy term. It carries no maturity value — the entire premium goes toward providing a large life cover at an affordable cost.
LIC offers a range of term plans, including options with level cover, increasing cover, and return-of-premium variants, so you can pick a structure that fits your family's needs and budget.
Because LIC is a government-backed, long-established insurer with a strong claim settlement history, many families prefer an LIC term plan specifically for the confidence and reliability that comes with the brand.
Get a large sum assured for your family at a relatively affordable annual premium.
Choose to pay premiums regularly, for a limited period, or as a single lump sum.
Premiums paid qualify for deduction under Section 80C, and the death benefit is tax-free under Section 10(10D).
Enhance your base cover with riders for accidental death, critical illness, or disability.
Benefit from the reliability and claim-paying track record of India's largest life insurer.
Select variants that return your total premiums paid if you outlive the policy term.
Get local, in-person support for servicing and claims through LIC's extensive network.
From young earners to those nearing retirement, LIC offers term plans across age bands.
| Age | ₹50 Lakhs Cover | ₹1 Crore Cover | ₹1.5 Crore Cover |
|---|---|---|---|
| 25 Years | ₹4,800 – 6,500 | ₹8,500 – 11,500 | ₹12,000 – 16,500 |
| 35 Years | ₹6,500 – 9,000 | ₹12,000 – 16,000 | ₹17,000 – 23,000 |
| 45 Years | ₹12,000 – 17,000 | ₹22,000 – 30,000 | ₹32,000 – 44,000 |
*Indicative figures for a 25-year term, non-smoker, sample profile. Actual premiums depend on age, health, term, and chosen plan variant. GST applicable as per prevailing rates.
At CoreLink Finance, we don't just help you buy a policy — we actively support you through the claim process by coordinating with the insurer, guiding documentation, and following up for a smooth experience.
We help you choose the right insurer and policy based on claim settlement ratio, reliability, and your profile.
Before policy issuance, we ensure all your personal, financial, and medical details are accurate and properly declared.
We guide you in filling out proposal forms correctly, so no hidden or incorrect information gets submitted.
In case of a claim, you get a personal claim expert who handles the process — from documentation to settlement.
We actively coordinate and follow up with insurers to ensure quick and smooth claim processing.
Our team checks all documents before submission to avoid technical errors that often lead to delays or rejection.
Follow these steps to ensure your nominee's claim is settled smoothly.
Declare pre-existing conditions, habits, and medical history accurately at the time of proposal.
Ensure your declared income and occupation details match your actual profile.
A lapsed policy means no cover — pay premiums on time or use the grace period if needed.
Update your nominee information after major life events like marriage or childbirth.
Make sure your nominee knows the policy exists and how to initiate a claim.
Keep each policy's proposal form specific and accurate to the life assured.
An LIC term plan suits anyone who values LIC's legacy and reliability. Consider this if you are:
A family breadwinner wanting dependable, trusted life cover
Someone who prefers a government-backed, long-established insurer
A home loan borrower wanting to protect your family from loan liability
A salaried or self-employed professional starting your protection journey
Someone who values LIC's wide branch and agent support network
Looking for tax-efficient, pure protection cover under Sections 80C & 10(10D)
Talk to CoreLink Finance for honest, no-obligation guidance on the right LIC term plan for you.
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