LIC Term Plan Premium for 50 LakhsLIC term plans provide only risk cover that why you can say that term plan is pure insurance plan .in this tem plan there is not maturity benefits like other LIC policy. People always want to best term insurance plan for 1 crore or 50 Lakhs Insurance cover or more.
What is the best age to buy term life insurance?
There is no certain age for buying term plan after 18 years you can buy any time but people should buy term plan at age of 20 to 25 years. term plan totally insurance or risk cover plan so I f you love you family or your family depends on you that you should buy immediately term plan.
best term insurance plan for 1 crore or 50 Lakhs?
Its depend on you how much money required for your family in absence of you. You can’t figure it should 50 lakhs insurance cover or I crore term insurance cover
How do you calculate 50 Lakhs insurance cover premium details in lic premium calculator
In LIC premium calculator there is only two plans for term insurance which is Anmol Jeevan II and Amulya Jeevan II . in anmol jeevan term insurance plan you can cover only upto 24 lakhs and above 24 lakhs you have to select amulya jeevan term insurance plan.
First you have to select amulya jeevan term insurance paln table no 823 in lic premium calculator then enter your age and select policy term after select insurance cover that is called Sum Assured do you need , click on calculate then lic premium calculator display premium details with GST.
You can calculate premium for 50 lakhs or 1 crore or more through this calculator. Lic term plan is best term plan because its claim settlement ratio is 99.98% which is best in insurance market. Lic term plan premium always be high because of its claim settlement ratio. Everyone person should buy term plan of LIC.