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LIC Term Insurance
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About

LIC Term Insurance Scheme is a specially designed Group Term Insurance policy for members of the Institute of Chartered Accountants of India (ICAI). This policy provides life insurance coverage against death due to any reason, offering financial security to the insured and their families. The scheme is administered by the P & GS, Delhi Division of LIC. The coverage period is one year, starting from the date of insurance coverage confirmation. The decision of LIC is final in all cases of insurance coverage, and ICAI does not bear any responsibility for the same.

Benefits

  • Life Insurance Coverage:
    • ₹10 Lakh for ICAI members
    • ₹5 Lakh for spouse
  • No Medical Underwriting: No health or medical underwriting is required at the time of joining the scheme.
  • Competitive Premium Rates: Premium rates are competitive and vary based on the age group.
  • Annual Coverage: Coverage is provided for one year, with the option to renew after completion of the due period.

Discounted Pricing for ICAI Members

This scheme offers specially designed competitive premium rates for ICAI members and their spouses, with age-based pricing.

Know More About Premium Rates

How to Avail the Insurance

  1. Visit the Portal: Go to the ICAI LIC Term Insurance Portal.
  2. Register/Login: Click on the "Register" or "Login" button to create an account or access your existing account.
  3. Fill Application: Complete the application form with the required details.
  4. Submit: Submit the application for processing.
  5. Confirmation: Wait for confirmation from LIC/ICAI regarding your enrolment.

Contact Information

For any assistance, you may connect with:
Branch Manager, LIC of India
P&GS Department, Delhi Divisional Office–I
6th Floor, Jeevan Prakash, 25 K.G. Marg, New Delhi–110001

For further support, you may also write to CMP at cmp@icai.in

For Brochure

Disclaimer:
ICAI, through CMP, acts solely as a facilitator for these initiatives. All services are delivered directly by respective providers. It does not endorse or guarantee the quality, reliability, or accuracy of these offerings. Members are advised to exercise independent judgment and due diligence before availing any product or service. ICAI shall not be liable for any loss or damage arising from their use.