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The plans offer flexibility to choose from different premium payment options вЂ“ single premium, limited premium, regular premium as per your convenience and preference.LIC offers two-term insurance plans вЂ“ LIC Tech term plan and LIC Jeevan Amar that are non-linked, non-participating, and completely risk-proof.ICICI term plans offer four different payout options вЂ“ lumpsum payment, monthly income, lumpsum income, along with monthly income and increased income.Along with life cover, ICICI Pru term insurance plans also cover critical illness, terminal illness, and accidental death.ICICI Prudential term plans are affordably priced and provide comprehensive financial protection.The plans offer sum assured from Rs 5 lakh to Rs 2 crores.The term plans also come with flexible options for paying premiums and payout options.It offers 5 different term plans meeting the different requirements of its customers вЂ“ ICICI Pru iProtect Smart, ICICI Pru iCare II, ICICI Pru Saral Jeevan Bima, ICICI Pru POS iProtect Smart, and ICICI Pru Life Raksha.ICICI Pru term plans come with an option for life coverage up to 99 years as well as maturity benefit.Term Insurance Plans by ICICI Prudential vs LIC ICICI Pru Term Plans To choose the right term plan, you can compare ICICI Prudential, and LIC term plans on various parameters mentioned below. The company offers an array of customer focussed insurance products matching their various needs and requirements. It has the biggest market share and boasts of decades-old exceptional customer service. Life Insurance Corporation (LIC) of India is the oldest and largest life insurance provider in India. The term insurance plans are affordable and carefully designed, catering to the varied requirements of the customers. The company offers an array of life insurance products, including term insurance, health insurance, ULIPs, savings, and investment plans. ICICI Prudential Life Insurance Company is a leading insurer in the country, promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. Term Insurance policies вЂ“ ICICI Prudential vs LIC

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Term Insurance Plans by ICICI Prudential Life Insurance vs LIC Overview ParametersД«uying policy, policy renewal, update information, premium payments, and claim settlement You can compare the features and benefits of opting for the ideal one for yourself and your family. Check out the details below of the term plans from the leading insurers in the country вЂ“ ICICI Prudential and LIC. Hence, it has become a necessity for the earning individual of the family to have term insurance as a financial backup plan for their family. With COVID-19 continuously grappling the world, there seems to be no relief from it. Therefore, term insurance gives them adequate time to stand by themselves and restore normality. In such a scenario, it is hard for the family to survive due to loss of income, and they have to face the hard realities of life. Term insurance can be defined as financial cover to your family in case of unforeseen events such as the demise of the sole bread earner.

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