Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Hurry Up!
Save upto ₹54,600 in taxes under 80C & 80D. Buy a term insurance plan now!
View Plans
HomeLife InsuranceTerm InsuranceLICClaim Settlement

LIC Term Insurance Claim Settlement

92 reviews Rate This
LIC Term Insurance
Highlights
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Inception1956
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore

Term Life Insurance Premium Calculator

Gender

  • Male
  • Female

Date of Birth

calendericon

Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best LIC Term Insurance Plans

1 Crore
2 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.51%
Starting From ₹ 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹97.84%
Starting From ₹ 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
See More Plans

Claim Settlement of LIC Term Insurance

    LIC Term Insurance User Reviews

    4.8
    Rating based on
    92 User reviews
    Write your review
    What users are saying
    • All
    • Excellent Coverage

      The LIC Term Insurance Policy offered by InsuranceDekho provides excellent coverage. I feel secure knowing tha...

      Read More
      R
      LIC
      By Rajdeep Bains
      On: Oct 31, 2023
    • Protecting My Loved Ones

      With the LIC Term Insurance Policy from InsuranceDekho, I feel confident that I'm protecting my loved ones' fi...

      Read More
      L
      LIC
      By Luxmi Singh
      On: Oct 30, 2023
    • Swift Claim Settlements

      I recently had to make a claim with InsuranceDekho's LIC Term Insurance Policy, and they impressed me with the...

      Read More
      S
      LIC
      By Shiva Mahavir
      On: Oct 26, 2023
    • Transparent Policies

      Transparency is key in the world of insurance, and InsuranceDekho excels in this regard. Their LIC Term Insura...

      Read More
      S
      LIC
      By Sangeeta Acharya
      On: Oct 24, 2023
    • Total Peace of Mind

      I've been a policyholder of the LIC Term Insurance Policy with InsuranceDekho, and it's provided me with total...

      Read More
      M
      LIC
      By Mukul Kapri
      On: Oct 19, 2023
    View All LIC Term Insurance Reviews

    Explore LIC Term Insurance

    Must BuyMust Buy

    Why to Buy Term Insurance Policy Online from InsuranceDekho

    • Tax benefit upto 1,50,000*
    • Claim support everyday 10AM-7PM
    • 50 Lacs+ happy customers

    Term Insurance News

    View All News

    LIC Term Insurance Contact Details

    Reach us for help anytime

    Claim Process at LIC Term Insurance

    • 1

      Claim Intimation

      In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
    • 2

      Submission of Documents

      Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
    • 3

      Claim Evaluation

      Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

    Best Insurance Advisors in Your City.

    Find the right LIC Term Insurance for you
    By clicking, I agree to *terms & conditions  and privacy policy.

    Partner Term Insurance Companies

    View All Term Insurance Companies

    Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.

    You May Also Be Interested in

      Term Insurance Claim Settlement

      Insurance Calculators