LIC to launch online term plan next month

Life Insurance Corporation (LIC) will sell its policy through the Internet for the first time with the launch of a pure term plan next month.

“The online term plan is ready.

“We had some issues that we have sorted out. It should be launched by the end of next month,” said acting chairman of LIC, Mr D. K. Mehrotra.

The premium rates of the online term plan are expected to be lower than what the company charges for the offline term plans.

deepa.n@thehindu.co.in