Online Term Plan by LIC

POSTED BY J ON September 3, 2011 2:09 pm ONE COMMENT

Hi,

According to an article in The Economic Times, LIC is also coming up with an Online Term Plan very soon. 🙂

Link: http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/lic-joins-online-play-with-pure-term-policy/articleshow/9843161.cms

Please share your thoughts regarding the same and what impact can this LIC online term plan have on other competitors in the market which already are providing Online Term Plans? I find it a bit amusing that HDFC Life and SBI Life haven’t entered this space till now…LIC seems to be one step ahead in this case 😉

Please do share your thoughts.

Thanks & Regards,

J

One reply on this article “Online Term Plan by LIC”

  1. This will have a big impact on life insurance business .. most of the people will go with this option as its from LIC and cheap (not that cheaper , but still cheaper than offline option) .. so term plans from other pvt companies will take some hit initially . but again .. pvt companies premiums might come down more because of this move ..

    Manish

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