{"id":102,"date":"2013-05-06T14:24:48","date_gmt":"2013-05-06T08:54:48","guid":{"rendered":"http:\/\/trucompare.wordpress.com\/?p=102"},"modified":"2015-03-17T18:27:47","modified_gmt":"2015-03-17T09:27:47","slug":"product-review-lic-term-plan","status":"publish","type":"post","link":"https:\/\/www.trucompare.in\/blog\/product-review-lic-term-plan\/","title":{"rendered":"LIC of India Term Insurance Plan Review from TruCompare"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.licindia.in\/images\/lic_logo.jpg?w=604\" alt=\"LIC of India logo\" \/><\/p>\n<p>Company: LIC of India<\/p>\n<p>Product Name-\u00a0<b>Amulya Jeevan \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/b><\/p>\n<p>Product features:<\/p>\n<ul>\n<li>Minimum sum assured of 25 lakhs<\/li>\n<li>Maximum sum assured- No limit<\/li>\n<li>Available up to 35 years duration<\/li>\n<li>Maximum Age at Entry &#8211; 60 years<\/li>\n<li>Maximum Age at Maturity- 70 years<\/li>\n<\/ul>\n<p>Company&#8217;s pitch:<\/p>\n<ul>\n<li>The oldest and most trusted Life Insurance company in India<\/li>\n<\/ul>\n<p>Our view:<\/p>\n<ul>\n<li>PLUS- LIC of India has the best IRDA Claim Settlement Ratio of more than 97%. Check\u00a0<a title=\"IRDA Claim Settlement Ratio of Insurance companies in India\" href=\"http:\/\/trucompare.in\/blog\/irda-claim-settlement-ratio\/\">here<\/a>\u00a0for comparison with others.<\/li>\n<li>PLUS- LIC of India has one of lowest customer churns.Check\u00a0<a title=\"Customer Satisfaction Data for Insurance Companies in India\" href=\"http:\/\/trucompare.in\/blog\/insurance-companies-customer-satisfaction-metrics\/\">here<\/a>\u00a0for comparison with others. Excellent customer support.<\/li>\n<li>MINUS- The price is VERY HIGH as it is an offline policy. It costs almost 3-4 times a similar policy by Aviva Life Insurance or HDFC Life who have decent IRDA claim settlement ratio.<\/li>\n<\/ul>\n<p>Contact us to get <a title=\"Term insurance premium calculator\" href=\"http:\/\/trucompare.in\">best deals<\/a> on term insurance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company: LIC of India Product Name-\u00a0Amulya Jeevan \u00a0 \u00a0 \u00a0 \u00a0\u00a0 Product features: Minimum sum assured of 25 lakhs Maximum sum assured- No limit Available up to 35 years duration Maximum Age at Entry &#8211; 60 years Maximum Age at Maturity- 70 years Company&#8217;s pitch: The oldest and most trusted Life Insurance company in India &hellip; <a href=\"https:\/\/www.trucompare.in\/blog\/product-review-lic-term-plan\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">LIC of India Term Insurance Plan Review from TruCompare<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,2],"tags":[],"class_list":["post-102","post","type-post","status-publish","format-standard","hentry","category-lic","category-term-insurance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3wDt5-1E","jetpack-related-posts":[{"id":31,"url":"https:\/\/www.trucompare.in\/blog\/best-term-insurance-in-india-2013\/","url_meta":{"origin":102,"position":0},"title":"Term Insurance Comparison &#8211; Which is the Best Term Insurance Plan in India?","author":"Trucompare","date":"September 7, 2013","format":false,"excerpt":"Term Insurance Comparison In earlier posts, we have looked at various criteria that can be used for term insurance comparison. Although it is difficult to say which is the best term insurance plan in India, one can keep the following policies in mind before making a buy decision. HDFC LIFE\u2026","rel":"","context":"In &quot;Term Insurance&quot;","block_context":{"text":"Term Insurance","link":"https:\/\/www.trucompare.in\/blog\/term-insurance\/"},"img":{"alt_text":"TruCompare_head","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":293,"url":"https:\/\/www.trucompare.in\/blog\/are-endowment-plans-any-good-for-wealth-creation\/","url_meta":{"origin":102,"position":1},"title":"Are Endowment Plans, aka Traditional Life Insurance Plans, Any Good for Wealth Creation?","author":"Trucompare","date":"May 10, 2013","format":false,"excerpt":"Since most of the life insurance policies in India are still sold as \"savings and investment\", endowment plans( also known as traditional life insurance plans) are the most popular of the products. This trend was started by LIC of India ( oldest insurer in India) whose agents goaded investors to\u2026","rel":"","context":"In &quot;Endowment Plan&quot;","block_context":{"text":"Endowment Plan","link":"https:\/\/www.trucompare.in\/blog\/endowment-plan\/"},"img":{"alt_text":"TruCompare_head","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14,"url":"https:\/\/www.trucompare.in\/blog\/should-one-buy-term-plan-from-likes-of-lic-or-private-insurers\/","url_meta":{"origin":102,"position":2},"title":"Should You Buy Term Insurance from LIC of India or Private Insurance Companies?","author":"Trucompare","date":"May 3, 2013","format":false,"excerpt":"One of questions often asked by clients while buying term insurance is- Can I trust private insurance companies or should I stick to government providers like LIC of India, SBI Life etc.? LIC of India has been the pioneer in the insurance sector and for many people in India life\u2026","rel":"","context":"In &quot;Term Insurance&quot;","block_context":{"text":"Term Insurance","link":"https:\/\/www.trucompare.in\/blog\/term-insurance\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132,"url":"https:\/\/www.trucompare.in\/blog\/hdfc-life-click2protect-claim-ratio\/","url_meta":{"origin":102,"position":3},"title":"HDFC Life Click2Protect Term Insurance Plan Review","author":"Trucompare","date":"May 7, 2013","format":false,"excerpt":"Company: HDFC Life Product Name-\u00a0Click2Protect \u00a0 \u00a0 \u00a0\u00a0 Product features: Minimum sum assured of 10 lakhs Maximum sum assured- 10 crores Available in 10\/15\/20\/25\/30 years duration Maximum Age at Entry - 55 years Maximum Age at Maturity- 65 years HDFC Life's\u00a0pitch: Security at an affordable price Our view: PLUS- \u00a0HDFC\u2026","rel":"","context":"In &quot;HDFC Life&quot;","block_context":{"text":"HDFC Life","link":"https:\/\/www.trucompare.in\/blog\/hdfc-life\/"},"img":{"alt_text":"TruCompare_head","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":791,"url":"https:\/\/www.trucompare.in\/blog\/online-term-plans-in-2015\/","url_meta":{"origin":102,"position":4},"title":"Top 10 Online Term Insurance Plans in 2015 &#8211; A Detailed Comparison of features and IRDA data","author":"Trucompare","date":"November 21, 2015","format":false,"excerpt":"Compare\u00a0Term Insurance\u00a0Online You have decided to get a term insurance\u00a0cover to ensure your peace of mind and financial security for your family. Since you have already made this decision, we assume that you have conducted a detailed research on what are term insurance plans. If not, then we recommend you\u2026","rel":"","context":"In &quot;Term Insurance&quot;","block_context":{"text":"Term Insurance","link":"https:\/\/www.trucompare.in\/blog\/term-insurance\/"},"img":{"alt_text":"Compare term insurance online","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2016\/01\/Term-Insurance-comparison-eligibility-criteria.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2016\/01\/Term-Insurance-comparison-eligibility-criteria.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2016\/01\/Term-Insurance-comparison-eligibility-criteria.png?resize=525%2C300 1.5x"},"classes":[]},{"id":641,"url":"https:\/\/www.trucompare.in\/blog\/best-term-plans-in-india\/","url_meta":{"origin":102,"position":5},"title":"Best Term Insurance Plans in India- A quick comparison","author":"Trucompare","date":"March 26, 2015","format":false,"excerpt":"\u00a0 Best Term Insurance Plan Please see an updated version of the comparison here-\u00a0IRDA Claim Settlement Ratio for 2015 - Compare best online term insurance plans As online term plans have gained popularity, almost all the life insurance companies have come up with their online term plans and claims to\u2026","rel":"","context":"In &quot;Term Insurance&quot;","block_context":{"text":"Term Insurance","link":"https:\/\/www.trucompare.in\/blog\/term-insurance\/"},"img":{"alt_text":"TruCompare_head","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/comments?post=102"}],"version-history":[{"count":7,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/102\/revisions"}],"predecessor-version":[{"id":233,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/102\/revisions\/233"}],"wp:attachment":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/media?parent=102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/categories?post=102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/tags?post=102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}