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LIC Group Term Insurance Schemes

Summary Info

Insurance Company  Life Insurance Corporation of India 
Plan Name  LIC Group Term Insurance Schemes 
Plan Nature  TRADITIONAL 
Plan Category  Term Plan 
UIN No.  512N048V01 
About Plan  Group (term) Insurance Scheme is meant to provide life insurance protection to groups of people. Administration of the scheme is on group basis and cost is  low. Under Group (Term) Insurance Scheme, life insurance cover is allowed to all the members of a group subject to some simple insurability conditions without insisting upon any medical evidence. Scheme offers covers only on death and there is no maturity value at the end of the term. 

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